JPMorgan Chase to Hang Shares Buyback Plan; Says Dimon The chairman and chief executive of JPMorgan Chase & Co (NYSE:JPM) Jamie Dimon reported on Monday that the financial company will hang up its share-buyback plan, but that it aims to continue its dividend. Dimon stated at the conference organized by Deutsche Bank in...
Financials Spooked By JPMorgan’s Trading Losses (JPM, C, BAC, GS, WFC) The entire large cap investment banking firms are trading sharply lower in the pre-market session as JPMorgan Chase & Co.(NYSE:JPM), nation’s largest bank by assets, spooked investors late Thursday by announcing a sharp $2 billion losses due to a mistake by one of...
Financial Outperforming, Citigroup Inc. Leading The Sector (C, CS, WFC, JPM, GS) Financial stocks were outperforming on Monday after Citigroup Inc.(NYSE:C) reported a mixed first-quarter earnings. Citigroup Inc.(NYSE:C) reported a lower-than-estimated first quarter earnings due to negative impact for credit value adjustments and related costs, as well as a $477 million gain from minority...
J.P. Morgan & Wells Fargo Slide Despite Better Earnings (JPM, WFC, C, GS, AXP) Financial stocks were the biggest dragger on Friday as economic data came below economists’ estimates, under estimating better-than-estimated earnings from J.P. Morgan Chase & Co. and Wells Fargo & Co. JPMorgan Chase & Co. (NYSE:JPM) this morning said that the...
Financial Sector Under Pressure With Bank of America Corp (BAC, C, JPM, NLY, HIG, SCHW, LM, XLF) Financial stocks were among the worst performers on Monday as broader markets slumped on lower than estimated rise in jobs for the month of March. The S&P 500 slid 16.24 points 1.16% near to one month low...
Financials Join Broader Rally, Goldman Sachs Leads (ETFC, AMTD, SCHW, HIG, MS, GPN, YSB, C, GS) Financial stocks were trading higher with the broader rally after recent losses. Stocks earlier gapped up back as consumer spending rising more than expected and incomes less in February. Personal spending rose 0.8% in February as personal income...
Financials Underperform, Bank of America Falls about 2% (BAC, C, MS, AIG, RF, HTS, RBS, GS) Financial stocks were trading lower on Tuesday after recent rally with losses coming from banking stocks including Bank of America Corp (NYSE:BAC), which slid after analysts’ downgrade. Today, data showed that U.S. home prices continued to slid for...
