In June of 2009, CreditSights issued a report that listed SunTrust (STI) and Regions Bank (RF) as the top two franchises in terms of merger attractiveness once banks exited the U.S. government’s Troubled Asset Resolution Program (TARP).
“In general, we view the more ‘critical mass’ regional bank franchises such as SunTrust, Regions, and Fifth Third (FITB) [...]
All Posts Tagged With: "JP Morgan Chase (NYSE: JPM)"
SunTrust Banks Inc. (NYSE: STI) and Regions Financial Corp. (NYSE: RF) Remain Likely Targets of M & A Activity
Look Who’s Back. Citibank (NYSE: C) and Wells Fargo & Co. (NYSE: WFC) Among Big Banks Courting Customers
They’re back! But the question is, do you still want them?
A recent article at CNNMoney.com shows that after a year of bonuses, bailouts, tight credit, rising fees, and reduced lending, some of the nation’s top lenders, including Citigroup (C) and Wells Fargo & Co. (WFC) are actively pursuing new customers.
Case in point, Citigroup has launched [...]
Again in 2010? J.P. Morgan Chase (NYSE: JPM) and Bank of America Corp. (NYSE: BAC) Expected to Buyback Billions in Faulty Loans from Fannie and Freddie
The news continues to get bad for big banks and, potentially, worse for hopeful borrowers. The Wall Street Journal is reporting that J.P. Morgan Chase (JPM) and Bank of America Corp. (BAC) look to be the hardest hit when Fannie Mae and Freddie Mac ask for payback of up to $300 billion in bad mortgages.
After [...]
JP Morgan (NYSE: JPM) To Open Global Corporate Bank Unit, Challenge Citigroup (NYSE: C) and HSBC
JP Morgan Chase (NYSE: JPM) plans to launch a new unit focused on global business, emphasizing the sale of loans and commercial banking services to international corporations, according to a Financial Times Report.
The unit would expand JP Morgan’s business borders and put it in direct competition with Citigroup (NYSE: C) and HSBC. According to people [...]
Will Sharpened Clawback Provisions at J.P. Morgan Chase (NYSE: JPM), Bank of America Corp. (NYSE: BAC), and Morgan Stanley (NYSE: MS) Quiet Populist Rage?
The big banks continue to respond to the growing outrage focused on their compensation practices. The Wall Street Journal reports that many banks including J.P. Morgan Chase (JPM), Bank of America Corp. (BAC), and Morgan Stanley (MS) have announced enhanced provisions that will allow them to seize bonus compensation for employees whose bets or other [...]
January 28th, 2010 | Christopher | Comments | Continued
JP Morgan Chase (NYSE: JPM) Survey Shows More Americans Ready To Take Charge Of Personal Finances
Chase Card Services, a division of JP Morgan Chase (NYSE: JPM), said on Tuesday results from a consumer survey showed 72 percent of investors trust themselves most for managing their finances.
The firm’s 2010 Personal Finance Confidence Survey polled 1,000 Americans about their personal finances and views of the economy on a whole.
Ironically, the survey found [...]
Wells Fargo (NYSE: WFC) Gets High Marks; J.P. Morgan Chase (NYSE: JPM) Not So Much in Latest Treasury Report on Small Business Lending
It’s been said that the definition of insanity is doing the same thing again and again and expecting a different result. We can only hope that all parties involved will move past the current focus on bonuses and bailouts and move quickly to address the needs of small business owners who are still finding it [...]
January 27th, 2010 | Christopher | Comments | Continued
JP Morgan Chase (NYSE: JPM) Q4 Earnings Surge On Investment Banking Strength, But Loan Losses Remain High
JP Morgan Chase (NYSE: JPM) announced Friday fourth quarter earnings jumped more than 400 percent as profits from its investment banking unit were robust. However, the bank continued to face rising loan losses.
For the quarter, JP Morgan earned $3.3 billion or 74 cents a share, much higher than the $702 million or 6 cents a [...]
JP Morgan (NYSE: JPM) Launches Accounts Payable Program To Assist Small And Mid-Sized Businesses
JP Morgan Chase (NYSE: JPM) announced this week the launch of its Order-to-Pay Rapid Deployment platform, which is designed to eliminate the complexity of managing accounts payable for small and mid-sized businesses. The platform will enable these businesses to adapt electronic invoicing and payments that previously were only available to large corporations that had the [...]
January 14th, 2010 | mitch | Comments | Continued
Financial Crisis Inquiry Commission Set To Interview Top Execs At Bank of America (NYSE: BAC), JP Morgan (NYSE: JPM)
The Financial Crisis Inquiry Commission is set to hold its first public hearing on January 13, where it will interview several CEO’s from the nation’s largest banks. The hearing is aimed at gaining perspective on items that caused the financial crisis in 2008, thus providing the American taxpayer a clean answer on what happened and [...]
January 11th, 2010 | mitch | Comments | Continued
Editorial: Financial Crisis Theater Starring – Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC), JP Morgan Chase (NYSE:JPM), and Morgan Stanley (NYSE:MS)
The next production of government sponsored financial crisis theater is set to open this week in Washington DC, and has assembled an all star ensemble cast of Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC), JP Morgan Chase (NYSE:JPM), and Morgan Stanley (NYSE:MS). The play stars the Federal Crisis Inquiry Commission in the lead role as [...]
January 11th, 2010 | John | Comments | Continued
Discover Card just told me that they are not allowing any balance transfers on any accounts right now. 
Does everyone realize that Citibank owns almost all the credit card divisions of gas card companys and dept. stores including ...
I thought the goal was to increase capital, who would want to lend in this environment of 10% unemployment and ...