J.P. Morgan Chase 'Nearing Conclusion' of Settlement Talks Over Forex Probe
at The Street - 1 hr 21 mins ago
J.P. Morgan Chase said in a regulatory filing on Thursday that talks with the Justice Department over foreign exchange rigging are 'nearing conclusion.'
JPM: 66.05 (+0.53), C: 54.60 (+0.40)
Heartland Payment Systems to Present at the 43rd Annual J.P. Morgan Global Technology, Media and Telecom Conference
Business Wire - 2 hrs 54 mins ago
Heartland Payment Systems (NYSE: HPY), one of the nation's largest payment processors, today announced that Chief Financial Officer Samir Zabaneh and Vice Chairman Robert Baldwin will be attending the 43rd Annual J.P. Morgan Global Technology, Media and Telecom Conference in Boston, MA. The Company's presentation is scheduled to begin at 4:10 p.m. Eastern Time on Monday, May 18, 2015.
HPY: 52.90 (+0.43), JPM: 66.05 (+0.53)
Stocks Get Back to Rally Mode as S&P 500 Closes at Record
at The Street - Thu May 14, 3:18PM CDT
After four sessions of losses, stocks rallied back to record levels on Thursday, helped by continued weakness in the U.S. dollar.
XLB: 51.26 (+0.53), AMZN: 432.28 (+5.41), KSS: 64.62 (-9.89), AVP: 7.07 (+0.40), SHAK: 65.50 (-2.86), OCN: 10.03 (-0.16), JPM: 66.05 (+0.53), VALE: 7.13 (+0.01), BHP: 51.78 (-0.04), JCP: 8.04 (-0.67), XLK: 43.45 (+0.69), MSFT: 48.72 (+1.09), RIO: 46.36 (-0.12), AAPL: 128.95 (+2.94), CSCO: 29.05 (-0.30), XLE: 80.35 (-0.03)
Pandora Chief Financial Officer to Present at the J.P. Morgan Global Technology, Media and Telecom Conference
Business Wire - Thu May 14, 3:05PM CDT
Pandora (NYSE
JPM: 66.05 (+0.53), P: 18.81 (-0.08)
Wells Fargo to Streamline Business: Job Cuts on Card? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu May 14, 2:15PM CDT
Wells Fargo (WFC) has initiated a company-wide review involving certain departments, with an intention to streamline operations. This could result in job cuts.
JPM: 66.05 (+0.53), C: 54.60 (+0.40), BAC: 16.52 (+0.05), WFC: 56.04 (+0.44)
Stocks Near Record Closes as Tech Leads Markets Higher
at The Street - Thu May 14, 2:11PM CDT
Stocks eye record close in final hour of trading on Thursday.
XLB: 51.26 (+0.53), AMZN: 432.28 (+5.41), KSS: 64.62 (-9.89), AVP: 7.07 (+0.40), SHAK: 65.50 (-2.86), OCN: 10.03 (-0.16), JPM: 66.05 (+0.53), VALE: 7.13 (+0.01), BHP: 51.78 (-0.04), JCP: 8.04 (-0.67), XLK: 43.45 (+0.69), MSFT: 48.72 (+1.09), RIO: 46.36 (-0.12), AAPL: 128.95 (+2.94), CSCO: 29.05 (-0.30), XLE: 80.35 (-0.03)
JPMorgan Bets On Housing, Buys Mortgage Rights
at Investor's Business Daily - Thu May 14, 1:57PM CDT
JPMorgan Chase (JPM) placed a bet that U.S. housing market recovery will continue, agreeing to buy $45 billion in mortgage servicing rights after the nation's biggest banks rushed to shed exposure to that sector. Financial terms weren't disclosed for...
JPM: 66.05 (+0.53), OCN: 10.03 (-0.16), C: 54.60 (+0.40), WFC: 56.04 (+0.44), BAC: 16.52 (+0.05)
CommScope to Participate in the J.P. Morgan Technology, Media and Telecom Conference
Business Wire - Thu May 14, 1:30PM CDT
CommScope Holding Company, Inc., a global provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks, plans to participate in a fireside chat at the J.P. Morgan Technology, Media and Telecom Conference on Wednesday, May 20 at 10 a.m. ET.
JPM: 66.05 (+0.53), COMM: 30.73 (+0.64)
3 New Ways Banks Are Looking to Profit From Consumers
Matthew Frankel, Dan Caplinger, and Jordan Wathen, The Motley Fool - Motley Fool - Thu May 14, 1:10PM CDT
Many banks have been struggling to produce acceptable returns in recent years, as near-record-low interest rates have made the traditional savings and loan business much less lucrative than in the past. As a result, banks are looking for new and...
JPM: 66.05 (+0.53), WFC: 56.04 (+0.44), BAC: 16.52 (+0.05), MS: 38.14 (+0.36)
Chase to Purchase $45 Billion in Mortgage Servicing Rights from Ocwen
M2 - Thu May 14, 11:12AM CDT
Chase today announced that it will purchase the mortgage servicing rights (MSRs) for 266,000 high-quality Fannie Mae loans worth an estimated $45 billion from Ocwen Loan Servicing, LLC a wholly-owned subsidiary of Ocwen Financial Corporation. Ocwen previously announced in a March 2, 2015, release its intention to sell this portfolio of loans.
JPM: 66.05 (+0.53), OCN: 10.03 (-0.16)
100,000 Jobs Mission Hires Over 240,000 Veterans
M2 - Thu May 14, 11:12AM CDT
The 100,000 Jobs Mission announced today that its coalition of private companies has collectively hired 241,833 U.S. military Veterans through the first quarter of 2015, demonstrating that it is well on its way toward reaching its new goal of hiring 300,000.
JPM: 66.05 (+0.53)
JPMorgan Chase 2014 Corporate Responsibility Report Reflects Focus on Cities as Engines of Economic Growth
M2 - Thu May 14, 11:07AM CDT
JPMorgan Chase & Co. today released its 2014 Corporate Responsibility report, highlighting steps the firm is taking to support economic growth and address critical challenges facing cities around the world. The report, Global Strength: At Work in Cities, features case studies of work the firm is doing to help cities address these challenges as well as innovative and sustainable solutions designed to create growth and opportunity.
JPM: 66.05 (+0.53)
Ron Cohen to Head DCIO and RIA Sales Teams at Wells Fargo Funds Management
Business Wire - Thu May 14, 10:34AM CDT
Wells Fargo Funds Management, LLC, advisor to the Wells Fargo Advantage Funds, is pleased to announce that Ron Cohen has joined the firm as head of Sales for the Defined Contribution Investment Only (DCIO) and Registered Investment Advisor (RIA) channels. Most recently, Mr. Cohen was executive director of J.P. Morgan's national accounts team for defined contribution investment services.
JPM: 66.05 (+0.53), WFC: 56.04 (+0.44)
J.P. Morgan Chase Takes on Mortgage Servicing With Ocwen Deal
at The Street - Thu May 14, 10:24AM CDT
The transaction underscores banks' renewed interest in mortgage servicing.
RF: 10.19 (-0.07), JPM: 66.05 (+0.53), OCN: 10.03 (-0.16), STI: 42.78 (-0.12), PNC: 94.96 (+0.77)
There's a Vicious Stock Market Rotation Happening
at The Street - Thu May 14, 9:49AM CDT
This is a radical departure in tech from just a few weeks ago.
JPM: 66.05 (+0.53), IBM: 174.05 (+1.77), QCOM: 70.52 (+0.79), TGT: 77.26 (-2.55), HPQ: 33.70 (+0.40)
Will JPMorgan Chase (JPM) Stock Benefit From Ocwen Mortgage Servicing Rights Purchase?
at The Street - Thu May 14, 8:59AM CDT
JPMorgan Chase (JPM) announced its intention to buy a portfolio of loans from Ocwen (OCN).
JPM: 66.05 (+0.53)
JPMorgan agrees to buy $45B in MSRs from Ocwen
Seeking Alpha - at Seeking Alpha - Thu May 14, 8:37AM CDT
JPM: 66.05 (+0.53), OCN: 10.03 (-0.16)
Sally Beauty Confirms New Data Breach After '14 Hack
at Investor's Business Daily - Thu May 14, 8:26AM CDT
Sally Beauty (SBH) said Thursday that a second data breach of its payment card system has occurred. The beauty products seller had already notified customers earlier this month that it was looking into unusual activity reported from some of its U.S....
HD: 111.94 (+0.75), JPM: 66.05 (+0.53), TGT: 77.26 (-2.55), SBH: 30.91 (-0.24)