JPMorgan Chase & Company
NYSE: JPM
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JPM Articles
The story is the same every decade or so. Bad economic times cause well-known businesses to fail. They are bought out and merged, and they simply cease to exist as the public and investors knew them...
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Billionaire Joe Lewis invested in Bear Stearns (NYSE BSC), buying as much as 10% of the brokerage firm. Now, he may be out over $1 billion. On Sunday, the Times wrote that Lewis has lost about $800...
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Just a few months ago, sovereign funds could not get enough stock and debt in financial firms like Citigroup (NYSE: C) and Merrill Lynch (NYSE: MER). When the time came to bail-out Bear Stearns...
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According to Reuters, the Fed is opening up its own balance sheet to poisonous securities it may get from banks in exchange for cash. Reuters writes that JP Morgan (JPM) bought Bear Stearns (BSC) for...
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The news that Bear Stearns (NYSE: BSC) was sold to JP Morgan (NYSE: JPM) and that the Fed would increase liquidity for primary dealers was too much for the Japanese market to bear. It sold off 3.4%...
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The Federal Reserve Board unanimously approved a request by the Federal Reserve Bank of New York to decrease the primary credit rate from 3-1/2 percent to 3-1/4 percent. The Fed also authorized the...
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Most on Wall St. thought it would come to this, but few thought the price would be so low. JP Morgan (NYSE: JPM) will take over Bear Stearns (NYSE: BSC) for $2 a share. A year ago Bear Stearns traded...
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According to The Wall Street Journal, JP Morgan (NYSE: JPM) is close to buying Bear Stearns (NYSE: BSC), just days after providing financial aid, which was backed by the Fed, to the brokerage. The...
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In a previously announced deal China’s CITIC said it planned to invest $1 billion in Bear Stearns (NYSE: BSC). It has had a day to think that over after Bear nearly went under and was saved by...
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The Bear Stearns Companies Inc. (NYSE: BSC) announced that will host a conference call today at 12:30 P.M. EST. The stock is now down more than $23.00 to under $34.00 and shares actually traded...
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Bear Stearns Co. (NYSE: BSC) is getting a temporary reprieve this morning. JPMorgan Chase (NYSE: JPM) and the New York Fed have provided liquidity financing for 28 days to the struggling brokerage...
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AIG (NYSE: AIG) is asking regulators to change the way that assets are marked to market at financial companies. This system has caused tens of billions of dollars to be written off by banks,...
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According to Reuters, regulators unveiled a plan to toughen rules for mortgage brokers. Reuters writes that Yahoo! (YHOO) and Microsoft (MSFT) have begiin informal discussion about the buy-out....
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According to Reuters, Paulson will try to tighten rules at the state and federal levels to tighten mortgage standards. Reuters writes that Carlyle Capital was unable to reach a deal with it lenders,...
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JPMorgan (NYSE: JPM) has lowered its U.S. economic targets for 2008. The firm lowered US GDP growth outlook to +0.9% from a prior +2.1%. This call implies that JP Morgan now sees its S&P 500...
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