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J.P. Morgan goes live with online target date tool for advisers
J.P. Morgan Funds is rolling out an online version of its target date evaluation program for advisers. The firm also is discussing developing a similar tool to help advisers analyze target risk funds.
JPMorgan earns $3.6B, but loan losses remain high
JPMorgan Chase, the first of the big U.S. banks to report third-quarter earnings, said Wednesday its loan losses are still high and are expected to remain that way for the foreseeable future, a troubling sign for the economy.
JPMorgan Chase cleared in 401(k) suit filed by Washington Mutual workers
A judge in Seattle has dismissed an attempt by former Washington Mutual Inc. employees to recoup their retirement account losses from JPMorgan Chase & Co.
JPMorgan shuffles asset management, private bank execs
JPMorgan Chase & Co. said Tuesday it is shuffling the management duties of its investment banking and asset management units.
Investment banks’ profits will be squeezed by stricter regulation, JPMorgan predicts
Tighter regulation on investment banks will force firms to cut salaries, eliminate staff and reduce capital commitments to the business, according to research from JPMorgan Chase & Co.
Madoff account netted JPMorgan $483M
JPMorgan Chase & Co. generated nearly half a billion dollars in profits from serving Bernie Madoff, according to data compiled by a well-known finance professor.
Fidelity, JPMorgan recognized for offering strong educational services to investors, advisers
Fidelity Investments is leading the way when it comes to providing investors and advisers with good educational resources, according to a report today from Corporate Insight Inc., a New York-based financial services consulting firm.
J.P. Morgan Asset Management kicks off retail ad blitz
J.P. Morgan Asset Management, in a bid to capitalize on recently improved conditions in the retail mutual fund business, will launch its first major advertising campaign in the United States next month.
JPMorgan Chase reports booming second quarter
JPMorgan Chase & Co. posted a 36% jump in second-quarter profit today easily surpassing Wall Street expectations as strength in its core consumer and investment banking businesses offset a jump in credit losses.
JPMorgan, Arden to manage $1.1B fund of hedge funds
The investment-banking arm of JPMorgan Chase & Co. has joined forces with Arden Asset Management LLC in the management of a $1.1 billion fund of hedge funds.
JPMorgan CEO makes TARP wisecracks
Jamie Dimon, JPMorgan Chase & Co.'s chief executive, expressed frustration about how bankers have been vilified since the financial crisis began last year.
Report: Banks sue MBIA over split of businesses
MBIA Inc. is the target of a lawsuit by a group of 18 financial institutions claiming that the bond insurer's separation of its businesses early this year was fraudulent, The Wall Street Journal said Wednesday.
Prominent NYC Smith Barney manager bolts
Mike Lee, a prominent Smith Barney branch manager in New York, has left the firm to join JPMorgan Chase & Co. of New York.
JPMorgan Chase posts better-than-expected profit
JPMorgan Chase said today it earned $2.14 billion for the first quarter, thanks to rising deposits and lower borrowing rates. The profit was 10 percent lower than last year, but better than expected.
JPMorgan will repay gov’t before buying jets
JPMorgan Chase & Co. said today it has no plans to purchase new jets or renovate an aircraft hangar until after it has paid off money it received as part of the government's bank investment program last fall.
JPMorgan to cut 12,000 jobs
JPMorgan Chase & Co. said Thursday it will eliminate about 12,000 jobs as it folds in the operations of Washington Mutual Inc.
JPMorgan suffers 76% profit plunge
JPMorgan Chase & Co. posted a 76% drop in fourth-quarter profit today as write-downs on bad loans and provisions for credit-related losses took their toll.
Judge throws out Bear suit
A New York State Supreme Court justice yesterday dismissed a shareholder class action against The Bear Stearns Cos. Inc.’s officers and directors challenging its merger with JPMorgan Chase & Co.
JPMorgan said to toss 10% of investment staff
JPMorgan Chase & Co. is in the process of slashing about 10%, or 3,100, of its investment-banking staff members due to the effects of the credit crunch and economic slowdown.
JP to set aside $2.4B in loan loss reserves
JPMorgan Chase & Co. will likely add $2.4 billion to its loan loss reserves in the fourth quarter, CEO Jamie Dimon said, based on continuing deterioration in home lending and credit cards.
