JPMorgan Chase & Co.

What Do Billionaires Kovner and Bacon See In This Financial Stock?

By Meena Krishnamsetty - June 18, 2013 | Tickers: BAC, C, GS, JPM, MS

We maintain a database of quarterly 13F filings from hedge funds and other notable investors for a variety of purposes. One of our activities is the development of workable investing strategies, and we’ve actually discovered that the most popular small cap stocks among hedge funds generate an average excess return of 18 percentage points per year. We also like to evaluate large changes in hedge fund positions, and when more »
JPMorgan Continues to Make Mistakes

By Red Chip - June 18, 2013 | Tickers: BAC, JPM, WFC

Despite a number of mistakes, JPMorgan Chase (NYSE: JPM) has surprisingly been able to maintain its profitability. In 2012, including the $6.2 billion loss in the London Whale case, JPMorgan’s net income increased by 12% to 21.3 billion, its highest profit ever. But despite that number, you shouldn't be fooled into thinking JPMorgan is a good investment.

Over the last year, it has faced such debacles more »
Terminal Scandal: Fraudulent or Just Unethical?

By Mike Thiessen - June 18, 2013 | Tickers: GS, JPM, TRI, WFC

Bloomberg, LP has landed itself in hot water recently for a scandal involving the use of information gleaned by its reporters from its ubiquitous terminals. Bloomberg reporters had been “spying” on its clients by accessing usage information from the clients’ terminals and using this information to track down stories. This practice angered Goldman Sachs, Inc. (NYSE: GS) and JP Morgan Chase, Inc. (NYSE: JPM), who have complained to Bloomberg. Even more »
A Rebounding Housing Market will Help this Bank

By Red Chip - June 18, 2013 | Tickers: C, JPM, WFC

The mortgage industry is one of the leading business sectors in the United States. For mortgage service providers, profitability depends on the volume and the prevailing interest rates. In the United States, JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), Bank of America and Wells Fargo (NYSE: WFC) are among the leading home-mortgage service providers. Five of the largest banks in the nation have a market share of more than 53 more »
Big Bank Theory

By Terry Chrisomalis - June 17, 2013 | Tickers: BAC, JPM, WF

Well it seems that the big banks have been rebounding back in the stock market, and while there were many problems in the past it seems there is a turnaround at this point in time. The banks that are getting what we like to call "Too big to fail", are: Bank of America (NYSE: BAC), JPMorgan (NYSE: JPM), and Wells Fargo (NYSE: WF). So you may ask with such huge more »
Interest Rates Are Squeezing the Life Out of These Banks

By Marie Palumbo - June 17, 2013 | Tickers: BAC, C, JPM, MS, WFC

JPMorgan Chase (NYSE: JPM) complains of “lower deposit margins.” Citigroup (NYSE: C) calls it “spread compression.” I like that term better--you can practically feel the bank getting squished between encroaching interest rates.

It has a lot to do with net interest margin. Banks live by net interest margin. When you take your hard-earned paycheck and deposit it into your local bank, that money doesn’t sit around. The bank uses more »
What An $8.5-billion Settlement Would Mean for Bank of America

By Phillip Woolgar - June 17, 2013 | Tickers: BAC, C, JPM

Bank of America (NYSE: BAC) lost the trust of millions after its Countrywide Financial subsidiary lent money based on underwritten mortgages, but the bank looks ready to earn back investors.

BofA was eventually blamed for much of the sub-prime mortgage crises and was sold off in spades. Now, the company is looking to win back investors after it completes a mandatory settlement. The $8.5-billion settlement would address issues the more »
There Are Very Different Choices in Financials

By Matthew Frankel - June 16, 2013 | Tickers: C, JPM, TD

During the course of observing the markets before, during, and after the financial crisis, I noticed three specific categories that financial companies could be categorized into. The first are those companies who, through poor lending practice, high leverage, or other general irresponsibility were hit hard by the crisis. This category includes companies who failed, like Lehman Brothers, as well as companies who endured due to government help like Citigroup (NYSE: C more »)
3 Reasons Why You Need to Short These Banks Today

By Marie Palumbo - June 14, 2013 | Tickers: BAC, C, GS, JPM, WFC

Two roads diverged in a yellow wood,
And sorry I could not travel both.

Robert Frost didn’t have the stock market in mind when he wrote The Road Not Taken. Yet in 2013, it increasingly reflects a decision you must make. The market is taking a “negative divergence” from economic fundamentals, meaning that the two are heading in opposite directions. Here’s an example.

If you look at the more »
Higher Rates Mean Higher Returns for These Banks

By Adnan Khan - June 14, 2013 | Tickers: JPM, USB, WFC

Increased volatility and higher interest rates have caused headaches for many banking companies. However, that is not the case for JPMorgan Chase (NYSE: JPM), despite its woes. I believe these banks will benefit from the prevailing interest rate environment. Let’s see how.

Higher yields mean additional returns

The banking industry is highly reliant on interest rates as a source of income. However, banks have little control over the interest more »
A Weak Revenue Environment Is Not a Problem for These Banks

By Adnan Khan - June 12, 2013 | Tickers: C, JPM, USB

Large cap banks might continue to face headwinds as far as their revenues are concerned due to sluggish growth in loans. However, I'll focus on any signs of improvement and try to differentiate between the banks. I believe, given the revenue challenged environment, banks which are able to contain their expenses and grow their top lines with the help of loans growth are best positioned.

I believe Citigroup (NYSE: C more »)
Banks Will See More Profits

By Adnan Khan - June 12, 2013 | Tickers: BAC, C, JPM

According to the Wall Street Journal, the U.S. banking industry posted record profits at the end of the first quarter. The record profits are a signal to the industry’s recovery after the 2008 financial crisis. However, the Federal Deposit Insurance Corp does not support the thesis. It believes the banking recovery is still hampered by a stubbornly low interest rate environment, coupled with a weak demand for loans more »
What’s in Your Portfolio?

By Chad Henage - June 11, 2013 | Tickers: AXP, BAC, COF, DFS, JPM |

I know what you are thinking, and believe me, I find it hard to believe as well. However, I’ve been following many banks for a while, and I believe there is an argument to be made that Capital One (NYSE: COF) has the potential to be one of the best investments of the bunch. The fact that I didn’t really start following Capital One until last year might more »
How to Go Big in a Bull Market

By Alexander Cho - June 11, 2013 | Tickers: JPM, MCD, WMT

It is time to put down your pen and pencil and witness the next rally in the stock market. Just kidding – what I am really trying to say is that Thursday’s trading session could be the floor we have needed to add positions to a stock portfolio.

Going forward

I believe the first round of deflationary monetary policy will be hitting the market in the next couple of years more »
3 Solid Banking Companies to Buy

By Madhu Dube - June 11, 2013 | Tickers: C, JPM, STI

According to the Federal Deposit Insurance Commission, U.S. banks earned profits of $40.3 billion in the first quarter of 2013, which showed growth of 15.8% year over year. The recovery of the U.S. economy resulted in improvements in investment products, equity underwriting, mergers and acquisitions. I have analyzed three banks among the top 20 banks in the US. Let’s find out what the growth factors more »
Billionaire Ken Fisher’s Cheap Stock Picks

By Meena Krishnamsetty - June 11, 2013 | Tickers: AAPL, HBC, JPM, PFE, WFC

Billionaire Ken Fisher, a long-running columnist for Forbes, also runs the asset manager Fisher Asset Management. We track this fund’s activities alongside those of hundreds of hedge funds and other notable investors, using their quarterly 13F filings to help us develop investment strategies; we have found, for example, that the most popular small cap stocks among hedge funds earn an average excess return of 18 percentage points per year more »
These 3 Banks Are Back on Track

By Shweta Dubey - June 10, 2013 | Tickers: DB, HBC, JPM

With an improving housing sector, a rising employment rate, and more flexible monetary provisions, the banking sector has experienced some relief in 2013. Yet future topline growth will face some challenge due to lower interest margins and slow loan growth rates. Banks are countering this sluggishness with better expense control and more favorable lending for its customers. Let's take a look at 3 banks and their plans to sustain more »
4 Banks For The Long-Term

By Bill Edson - June 10, 2013 | Tickers: ALFI, C, JPM, WFC

In February, the nation's five largest mortgage banks, Bank of America, Ally Financial (NASDAQOTH: ALFI), JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C), agreed to a $25 billion settlement with the federal government (and 49 state attorney generals) on account of mortgage servicing abuses. Part of the settlement included the mandating of new servicing standards and an independent compliance monitor to enforce the remedy. With more »
Following Buffett Into This High Quality Bank

By Andrés Cardenal - June 10, 2013 | Tickers: BAC, C, JPM, WFC |

Warren Buffett knows a couple of things about investing, especially when it comes to the financial sector. The Oracle of Omaha has been regularly accumulating Wells Fargo (NYSE: WFC) for a long time, and it has even become the biggest stock position in Berkshire Hathaway´s portfolio. Even if the stock has been rising steeply over the last months, it´s not too late to follow Buffett into this high more »
How to Ride the End of QE With These 2 Banks

By John McKenna - June 9, 2013 | Tickers: GS, JPM, ^GSPC

Ever since I started writing for this website, I have been paying close attention to how the stock market responds to big government policy decisions. One thing that stuck out the most was how the Federal Reserve’s actions had such a deep impact on the stock market, most notably in regards to the Federal Funds rate. Recently, the Federal Reserve has kept the rate at historical lows to stimulate more »

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