All Posts Tagged With: "JP Morgan Chase (NYSE: JPM)"

As consumers face the stress of foreclosure, Fifth Third Bancorp (FITB) has recently reported that their government modification conversion rate was above 70 percent – more than double the national average. At the same time, the bank is projecting a $20 million reduction in quarterly deposit fee revenue as a result of recent legislation that [...]

Wells Fargo (WFC) CFO Howard Atkins said management was “very pleased” with financial performance. The San Francisco-based bank reported 2nd quarter earnings on Wednesday that were well above Wall Street’s earnings expectations. Revenue came in precisely in line with forecasts. “While economic recovery in the U.S. and abroad remained uneven, Wells Fargo earned record net [...]

As reported on CNNMoney.com, Citigroup (C) posted second-quarter earnings of $2.7 billion Friday. The financial giant cited improving credit trends as a reason for their second consecutive profitable quarter. Earnings came in at 9 cents per share. Analysts polled by Thomson Reuters expected the company to earn 5 cents for the quarter. Citigroup’s consumer businesses [...]

It’s earnings season, and that means a slew of reports that give a snapshot into the health of corporations, including many of the top banks. Beginning tomorrow with JPMorgan Chase (JPM) and continuing on Friday with Bank of America Corp. (BAC) and Citibank (C), analysts are expecting to see optimistic earnings. But will that be [...]

The latest job figures, released today, are another reminder of the importance on hiring for our economy. And the engines of that job growth are small businesses. That’s a useful background for a new program being announced by JPMorgan Chase (C). In a report on CNNMoney.com, Chase has created a new incentive for small businesses [...]

As reported in the New York Times, JPMorgan Chase (JPM) will see almost every aspect of their business affected by the new reforms in the proposed Dodd-Frank act. The bill, which has moved to the Senate for a final vote, would impose stricter consumer lending guidelines and lower transaction fees on debit cards. In that [...]

Questions still follow JPMorgan Chase regarding their purchase of Washington Mutual in 2008. But they clearly have ideas on leveraging the purchase to expand their reach. Chase has injected a new dose of competition into the Pacific Northwest. They are creating eight new commercial banking teams that will stretch across Washington Mutual’s former footprint. WaMu [...]

As Congress mulls over a financial reform bill, it may be the banks themselves that are providing the road map. The argument: it’s not the size that matters. It’s the complexity. Wells Fargo & Co. (WFC) does not have a large securities arm. As the banking industry goes, its main businesses are fairly standard It’s [...]

JPMorgan Chase & Company’s (JPM) first quarter earnings came in at 74 cents per share. That was substantially ahead of the Consensus Estimate from Zacks Investment Research of 63 cents per share. Bank of America Corp. (BAC) reported earnings of 28 cents a share, beating Wall Street estimates for a profit of 9 cents a [...]

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.       [...]