RSS feedjpm
’Bank of America – not Citi and not being bought by JPM
Turns out that some banks don’t need sovereigns to create their own funding loop problems.
Not for the first time, Bank of America is in a league of its own.
It’s a quick point made by Marc Ostwald of Monument Securities on Tuesday,
JPMorgan on the IEA’s stimulus
Most of the commentary we’ve seen about the IEA’s announcement has understandably focused on the political ramifications (a shot across the bow at Opec) and, more frequently, its effect on oil price forecasts.
Guess the year: 2007 vs 2011 edition
JP Morgan’s corporate finance advisory group plays a guessing game in its new report about the eventual demise of our cheap capital environment (hat tip to the FT’s Helen Thomas):
You can click through to the report to see the answers,
Banking on Brics
Bank earnings season is now underway, and here’s a trio of charts from the Economist Intelligence Unit showing that most of the banks whose shares outperformed the Bloomberg World Banks Index in the past year are in the Brics.
JPM on foreclosures, MERS
Calculated Risk beat us to it, but we think it’s worth highlighting the parts of this morning’s JP Morgan conference call where CEO Jamie Dimon and CFO Douglas Braunstein answered questions from analysts about the foreclosure scandal.
JP Morgan Securities Inc. no longer exists
Blink and you would’ve missed it, but JP Morgan Securities has just changed its legal status, and name.
From the Federal Reserve’s primary dealers update:
The Limited Liability Company label comes with oodles of benefits,
Two years and a Volcker Rule later
It seems JP Morgan is closing all proprietary trading desks, according to Bloomberg, starting with its commodities unit. Equities and fixed income desks will come later.
From the report:
Closing the prop trading desk for commodities affects fewer than 20 traders,
JP Morgan says earnings per share $1.09 in Q2
JP Morgan reported second-quarter EPS around 40¢ above market expectations on Thursday at $1.09 — although ex-exceptional brought this down to $87.
Flashes, via Reuters:
RTRS-JPMORGANCHASE REPORTS SECOND-QUARTER 2010 NET INCOME OF $4.8BILLION,
Is this the big one?
Two big investment banks, UBS and JPMorgan, are on Monday asking themselves whether the current bear is “the big one” in terms of market corrections, or just a minor hiccup.
There’s a host of things that could be making markets nervous — the sovereign situation in Europe,
Off to the deleveraging races
Rolfe Winkler at Option ARMageddon provides us with an update on US bank leverage.
The latest table is at the top, the older one at the bottom. (Go here and here for details of the calculations).
In the banking deleveraging races then,