JP Morgan Chase & Co (JPM) 59.22 $JPM
GE asks US to drop "systemically important" tag for Capital
AP - Thu Mar 31, 1:05PM CDT
NEW YORK (AP) — General Electric Co. asked the U.S. to drop the "too big to fail" tag for GE Capital, saying that its financing operations are a shadow of what they were when the Federal Reserve placed it under strict oversight in the aftermath of the global economic crisis almost a decade ago.
GE: 31.79 (-0.04), JPM: 59.22 (-0.49), PRU: 72.22 (-0.73), MET: 43.94 (-0.79), C: 41.75 (-0.13), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), AIG: 54.05 (-0.47), MS: 25.01 (-0.06)
Donald Trump vs. Hillary Clinton: How Would Investors Fare?
at The Street - Thu Mar 31, 12:15PM CDT
This year's insanely unpredictable race for the White House is rattling investors' nerves. We examine which stocks and sectors would perform best under the respective political parties.
LMT: 221.50 (-1.46), JPM: 59.22 (-0.49), RTN: 122.63 (-1.13), C: 41.75 (-0.13), BAC: 13.52 (+0.04)
Stock Market News for March 31, 2016
Zacks Equity Research - Zacks Investment Research - Thu Mar 31, 9:10AM CDT
Fed Chairwoman Janet Yellen’s dovish comments continued to help benchmarks end in the green on Wednesday.
ADP: 89.71 (+0.56), GS: 156.98 (+0.48), JPM: 59.22 (-0.49), C: 41.75 (-0.13), MET: 43.94 (-0.79), BAC: 13.52 (+0.04), WFC: 48.36 (-0.29)
Weingarten Realty Investors Closes $500 Million Unsecured Revolving Credit Facility
BusinessWire - Thu Mar 31, 8:46AM CDT
Weingarten Realty Investors (NYSE:WRI) announced today that it has amended and extended its $500 million unsecured revolving credit facility. The facility will mature in March 2020, with a provision to extend the maturity date for two consecutive six-month periods, at the Company's option. Borrowing rates under the facility are at a margin over LIBOR, plus a facility fee. The borrowing margin improved under the new agreement to LIBOR plus 90 basis points, a decrease of 15 basis points. Both the borrowing margin and facility fee are priced off a grid that is tied to Weingarten's senior unsecured credit ratings. The covenants on the facility have been updated, including lowering the capitalization rate, which increases the valuation of the properties, and therefore provides the Company even greater flexibility in executing its business plan. The facility also contains a competitive bid option that will allow the Company to request bids for up to $250 million, along with an accordion feature, which allows the Company to increase the facility amount up to $850 million. Weingarten intends to use the proceeds from such facility to fund acquisition and new development activities, and for general corporate purposes.
JPM: 59.22 (-0.49), WRI: 37.52 (unch), WFC: 48.36 (-0.29)
Chase Doubles Down in Support of Carry The Load(R)
PRWeb - Thu Mar 31, 8:07AM CDT
Carry The Load today announces that Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co., is the presenting sponsor of its 2016 National Relay. Founded in 2011, Carry The Load is committed to restoring the true meaning of Memorial Day as a time to honor military service members and first responders who lost their lives in service to their country.
JPM: 59.22 (-0.49)
For Big Love, Make Sure Your Credit Scores Match
at The Street - Thu Mar 31, 8:01AM CDT
Big differences in credit score means big relationship problems ahead. Simon Constable explains.
JPM: 59.22 (-0.49), C: 41.75 (-0.13)
Bank on JPMorgan Chase's Growth, Dividend
at The Street - Thu Mar 31, 4:58AM CDT
JPMorgan Chase's combined dividend yield and price target offers compelling value.
JPM: 59.22 (-0.49)
Fitch Affirms JPMBB 2014-C19
BusinessWire - Wed Mar 30, 3:54PM CDT
Fitch Ratings has affirmed the ratings on all 14 classes of and revised the Rating Outlook to Negative for one class of J.P. Morgan Chase Commercial Mortgage Securities Trust (JPMBB) commercial mortgage pass-through certificates series 2014-C19. A detailed list of rating actions follows at the end of this press release.
JPM: 59.22 (-0.49)
Oil Rally Brings Little Relief to U.S. Energy Lenders Like Comerica
at The Street - Wed Mar 30, 12:23PM CDT
While oil prices have rebounded this month, the gains won't be much help to companies that borrowed money from banks like Comerica and Citigroup when prices were above $100.
BTU: 2.32 (-0.12), JPM: 59.22 (-0.49), C: 41.75 (-0.13), BAC: 13.52 (+0.04), WTI: 2.19 (-0.01), LINE: 0.36 (-0.02), CMA: 37.87 (-0.36), VNR: 1.46 (-0.07)
Buyers Maintain Upper Hand; JPMorgan, Apple Buoy Dow
at Investor's Business Daily - Wed Mar 30, 12:19PM CDT
Stocks held modest gains in early afternoon trading Wednesday on the heels of strong gains for European bourses overnight. The Nasdaq, S&P 500 and Dow Jones industrial average each rose 0.4%. The Russell 2000 small-cap index added 0.2% after soaring...
MMM: 166.63 (-0.12), OLED: 54.10 (-0.66), V: 76.48 (-0.30), SONC: 35.16 (+0.58), JPM: 59.22 (-0.49), LULU: 67.71 (-0.09)
Bill Gross Says Low Rates Are Stretching Markets to the Breaking Point
at The Street - Wed Mar 30, 10:59AM CDT
Investors can't make money when money yields nothing, 'Bond King' Bill Gross argues. The U.S. and other developed countries need to produce economic growth soon, he says, "or else."
JPM: 59.22 (-0.49), C: 41.75 (-0.13), BAC: 13.52 (+0.04)
Zacks Earnings Trends Highlights: Apple, J.P. Morgan and DuPont
Zacks Equity Research - Zacks Investment Research - Wed Mar 30, 8:30AM CDT
Zacks Earnings Trends Highlights: Apple, J.P. Morgan and DuPont
JPM: 59.22 (-0.49), DD: 63.32 (-0.85), AAPL: 108.99 (-0.57)
Elizabeth Arden Boosts Liquidity by Amending Credit Facility
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 2:39PM CDT
Elizabeth Arden Inc. (RDEN) recently entered into an agreement with JPMorgan Chase Bank, N.A. to amend its existing second lien credit agreement.
COH: 40.09 (-0.23), JPM: 59.22 (-0.49), RDEN: 8.19 (+0.20), COLM: 60.09 (-0.84)
Investment Banking Revenues Lowest Since Crisis
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 2:28PM CDT
Global investment banking revenues in the quarter declined 36% year over year to $12.8 billion and marked "the lowest quarterly total since 1Q 2009."
GS: 156.98 (+0.48), JPM: 59.22 (-0.49), C: 41.75 (-0.13), BAC: 13.52 (+0.04), MS: 25.01 (-0.06)
Banks in Trouble: ISDAfix Manipulation Charges on Board
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 1:45PM CDT
The attempts of more than a dozen global banks suffered a major setback after a federal judge in Manhattan rejected their bid to discard a private lawsuit yesterday.
BCS: 8.62 (-0.09), C: 41.75 (-0.13), CS: 14.13 (-0.09), HSBC: 31.12 (-0.37), DB: 16.94 (-0.18), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), UBS: 16.02 (-0.32), RBS: 6.38 (-0.05), GS: 156.98 (+0.48), JPM: 59.22 (-0.49), NMR: 4.44 (-0.01)
SmarTrend Watching for Potential Rebound in Shares of JPMorgan Chase After 1.16% Loss
Comtex SmarTrend(R) - Tue Mar 29, 12:13PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $58.59 to a high of $59.33. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $58.87 on volume of 6.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
JPM: 59.22 (-0.49)
After Yesterday's Decline of 1.16%, JPMorgan Chase Offers Investors Better Value
Comtex SmarTrend(R) - Tue Mar 29, 12:12PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $58.59 to a high of $59.33. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $58.87 on volume of 6.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
JPM: 59.22 (-0.49)
Watch for Shares of JPMorgan Chase (JPM) to Approach Support at $58.87
Comtex SmarTrend(R) - Tue Mar 29, 9:14AM CDT
Shares of JPMorgan Chase (NYSE:JPM) opened today below their pivot of $59.44 and have already reached the first level of support at $59.14. Investors may be interested in a cross of the next downside pivot targets of $58.87 and $58.30.
JPM: 59.22 (-0.49)
JPMorgan Chase Institute Launches Local Consumer Commerce Index of Everyday Spending in 15 U.S. Cities
BusinessWire - Tue Mar 29, 7:00AM CDT
Today, the JPMorgan Chase Institute released the Local Consumer Commerce Index (LCCI) - a new measure of the monthly year-over-year growth rate of everyday debit and credit card spending. The LCCI is constructed from over 14 billion anonymized credit and debit card transactions from over 50 million Chase customers across 15 U.S. cities(1): Atlanta, Chicago, Columbus, Dallas, Denver, Detroit, Houston, Miami, Los Angeles, New York, Phoenix, Portland (OR), San Diego, San Francisco, and Seattle. The index, which analyzes consumer spending data from October 2013, will be updated regularly to provide an ongoing, dynamic view of the health and vibrancy of the U.S. consumer and the places where consumers and businesses operate.
JPM: 59.22 (-0.49)
Deutsche Bank Adding Staff to Strengthen Equities Trading
Zacks Equity Research - Zacks Investment Research - Mon Mar 28, 11:30AM CDT
Deutsche Bank AG (DB) is reportedly hiring 100 people in a bid to boost equities trading business while shifting focus from capital-intensive bond-trading operations
JPM: 59.22 (-0.49), CS: 14.13 (-0.09), DB: 16.94 (-0.18), NMR: 4.44 (-0.01)
GE asks US to drop "systemically important" tag for Capital
AP - Thu Mar 31, 1:05PM CDT
NEW YORK (AP) — General Electric Co. asked the U.S. to drop the "too big to fail" tag for GE Capital, saying that its financing operations are a shadow of what they were when the Federal Reserve placed it under strict oversight in the aftermath of the global economic crisis almost a decade ago.
GE: 31.79 (-0.04), JPM: 59.22 (-0.49), PRU: 72.22 (-0.73), MET: 43.94 (-0.79), C: 41.75 (-0.13), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), AIG: 54.05 (-0.47), MS: 25.01 (-0.06)
Donald Trump vs. Hillary Clinton: How Would Investors Fare?
at The Street - Thu Mar 31, 12:15PM CDT
This year's insanely unpredictable race for the White House is rattling investors' nerves. We examine which stocks and sectors would perform best under the respective political parties.
LMT: 221.50 (-1.46), JPM: 59.22 (-0.49), RTN: 122.63 (-1.13), C: 41.75 (-0.13), BAC: 13.52 (+0.04)
Stock Market News for March 31, 2016
Zacks Equity Research - Zacks Investment Research - Thu Mar 31, 9:10AM CDT
Fed Chairwoman Janet Yellen’s dovish comments continued to help benchmarks end in the green on Wednesday.
ADP: 89.71 (+0.56), GS: 156.98 (+0.48), JPM: 59.22 (-0.49), C: 41.75 (-0.13), MET: 43.94 (-0.79), BAC: 13.52 (+0.04), WFC: 48.36 (-0.29)
Weingarten Realty Investors Closes $500 Million Unsecured Revolving Credit Facility
BusinessWire - Thu Mar 31, 8:46AM CDT
Weingarten Realty Investors (NYSE:WRI) announced today that it has amended and extended its $500 million unsecured revolving credit facility. The facility will mature in March 2020, with a provision to extend the maturity date for two consecutive six-month periods, at the Company's option. Borrowing rates under the facility are at a margin over LIBOR, plus a facility fee. The borrowing margin improved under the new agreement to LIBOR plus 90 basis points, a decrease of 15 basis points. Both the borrowing margin and facility fee are priced off a grid that is tied to Weingarten's senior unsecured credit ratings. The covenants on the facility have been updated, including lowering the capitalization rate, which increases the valuation of the properties, and therefore provides the Company even greater flexibility in executing its business plan. The facility also contains a competitive bid option that will allow the Company to request bids for up to $250 million, along with an accordion feature, which allows the Company to increase the facility amount up to $850 million. Weingarten intends to use the proceeds from such facility to fund acquisition and new development activities, and for general corporate purposes.
JPM: 59.22 (-0.49), WRI: 37.52 (unch), WFC: 48.36 (-0.29)
Chase Doubles Down in Support of Carry The Load(R)
PRWeb - Thu Mar 31, 8:07AM CDT
Carry The Load today announces that Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co., is the presenting sponsor of its 2016 National Relay. Founded in 2011, Carry The Load is committed to restoring the true meaning of Memorial Day as a time to honor military service members and first responders who lost their lives in service to their country.
JPM: 59.22 (-0.49)
For Big Love, Make Sure Your Credit Scores Match
at The Street - Thu Mar 31, 8:01AM CDT
Big differences in credit score means big relationship problems ahead. Simon Constable explains.
JPM: 59.22 (-0.49), C: 41.75 (-0.13)
Bank on JPMorgan Chase's Growth, Dividend
at The Street - Thu Mar 31, 4:58AM CDT
JPMorgan Chase's combined dividend yield and price target offers compelling value.
JPM: 59.22 (-0.49)
Fitch Affirms JPMBB 2014-C19
BusinessWire - Wed Mar 30, 3:54PM CDT
Fitch Ratings has affirmed the ratings on all 14 classes of and revised the Rating Outlook to Negative for one class of J.P. Morgan Chase Commercial Mortgage Securities Trust (JPMBB) commercial mortgage pass-through certificates series 2014-C19. A detailed list of rating actions follows at the end of this press release.
JPM: 59.22 (-0.49)
Oil Rally Brings Little Relief to U.S. Energy Lenders Like Comerica
at The Street - Wed Mar 30, 12:23PM CDT
While oil prices have rebounded this month, the gains won't be much help to companies that borrowed money from banks like Comerica and Citigroup when prices were above $100.
BTU: 2.32 (-0.12), JPM: 59.22 (-0.49), C: 41.75 (-0.13), BAC: 13.52 (+0.04), WTI: 2.19 (-0.01), LINE: 0.36 (-0.02), CMA: 37.87 (-0.36), VNR: 1.46 (-0.07)
Buyers Maintain Upper Hand; JPMorgan, Apple Buoy Dow
at Investor's Business Daily - Wed Mar 30, 12:19PM CDT
Stocks held modest gains in early afternoon trading Wednesday on the heels of strong gains for European bourses overnight. The Nasdaq, S&P 500 and Dow Jones industrial average each rose 0.4%. The Russell 2000 small-cap index added 0.2% after soaring...
MMM: 166.63 (-0.12), OLED: 54.10 (-0.66), V: 76.48 (-0.30), SONC: 35.16 (+0.58), JPM: 59.22 (-0.49), LULU: 67.71 (-0.09)
Bill Gross Says Low Rates Are Stretching Markets to the Breaking Point
at The Street - Wed Mar 30, 10:59AM CDT
Investors can't make money when money yields nothing, 'Bond King' Bill Gross argues. The U.S. and other developed countries need to produce economic growth soon, he says, "or else."
JPM: 59.22 (-0.49), C: 41.75 (-0.13), BAC: 13.52 (+0.04)
Zacks Earnings Trends Highlights: Apple, J.P. Morgan and DuPont
Zacks Equity Research - Zacks Investment Research - Wed Mar 30, 8:30AM CDT
Zacks Earnings Trends Highlights: Apple, J.P. Morgan and DuPont
JPM: 59.22 (-0.49), DD: 63.32 (-0.85), AAPL: 108.99 (-0.57)
Elizabeth Arden Boosts Liquidity by Amending Credit Facility
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 2:39PM CDT
Elizabeth Arden Inc. (RDEN) recently entered into an agreement with JPMorgan Chase Bank, N.A. to amend its existing second lien credit agreement.
COH: 40.09 (-0.23), JPM: 59.22 (-0.49), RDEN: 8.19 (+0.20), COLM: 60.09 (-0.84)
Investment Banking Revenues Lowest Since Crisis
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 2:28PM CDT
Global investment banking revenues in the quarter declined 36% year over year to $12.8 billion and marked "the lowest quarterly total since 1Q 2009."
GS: 156.98 (+0.48), JPM: 59.22 (-0.49), C: 41.75 (-0.13), BAC: 13.52 (+0.04), MS: 25.01 (-0.06)
Banks in Trouble: ISDAfix Manipulation Charges on Board
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 1:45PM CDT
The attempts of more than a dozen global banks suffered a major setback after a federal judge in Manhattan rejected their bid to discard a private lawsuit yesterday.
BCS: 8.62 (-0.09), C: 41.75 (-0.13), CS: 14.13 (-0.09), HSBC: 31.12 (-0.37), DB: 16.94 (-0.18), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), UBS: 16.02 (-0.32), RBS: 6.38 (-0.05), GS: 156.98 (+0.48), JPM: 59.22 (-0.49), NMR: 4.44 (-0.01)
SmarTrend Watching for Potential Rebound in Shares of JPMorgan Chase After 1.16% Loss
Comtex SmarTrend(R) - Tue Mar 29, 12:13PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $58.59 to a high of $59.33. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $58.87 on volume of 6.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
JPM: 59.22 (-0.49)
After Yesterday's Decline of 1.16%, JPMorgan Chase Offers Investors Better Value
Comtex SmarTrend(R) - Tue Mar 29, 12:12PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $58.59 to a high of $59.33. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $58.87 on volume of 6.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
JPM: 59.22 (-0.49)
Watch for Shares of JPMorgan Chase (JPM) to Approach Support at $58.87
Comtex SmarTrend(R) - Tue Mar 29, 9:14AM CDT
Shares of JPMorgan Chase (NYSE:JPM) opened today below their pivot of $59.44 and have already reached the first level of support at $59.14. Investors may be interested in a cross of the next downside pivot targets of $58.87 and $58.30.
JPM: 59.22 (-0.49)
JPMorgan Chase Institute Launches Local Consumer Commerce Index of Everyday Spending in 15 U.S. Cities
BusinessWire - Tue Mar 29, 7:00AM CDT
Today, the JPMorgan Chase Institute released the Local Consumer Commerce Index (LCCI) - a new measure of the monthly year-over-year growth rate of everyday debit and credit card spending. The LCCI is constructed from over 14 billion anonymized credit and debit card transactions from over 50 million Chase customers across 15 U.S. cities(1): Atlanta, Chicago, Columbus, Dallas, Denver, Detroit, Houston, Miami, Los Angeles, New York, Phoenix, Portland (OR), San Diego, San Francisco, and Seattle. The index, which analyzes consumer spending data from October 2013, will be updated regularly to provide an ongoing, dynamic view of the health and vibrancy of the U.S. consumer and the places where consumers and businesses operate.
JPM: 59.22 (-0.49)
Deutsche Bank Adding Staff to Strengthen Equities Trading
Zacks Equity Research - Zacks Investment Research - Mon Mar 28, 11:30AM CDT
Deutsche Bank AG (DB) is reportedly hiring 100 people in a bid to boost equities trading business while shifting focus from capital-intensive bond-trading operations
JPM: 59.22 (-0.49), CS: 14.13 (-0.09), DB: 16.94 (-0.18), NMR: 4.44 (-0.01)
