JPMorgan Chase & Co.

  • Mortgages and Housing: We're Back in Business!

    By John Moore - July 26, 2013 | Tickers: JPM, LEN, WFC

    America's big banks are having quite a second quarter. The second-quarter earnings reports show both investors and banking customers are looking for answers on how the rise in interest rates will shape the country's economic expansion. The two American bellwether banks, JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) have performed well in the second quarter. JPMorgan Chase had a 31% quarterly profit surge while Wells Fargo more »

  • New Overseas Trading Rules Adopted, Now What?

    By Kyle Colona - July 26, 2013 | Tickers: C, GS, JPM

    The Commodities Futures Trading Commission (CFTC) recently adopted new trading rules for US banks' overseas operations.

    The federal regulator’s cross border guidance applies to American banks conducting trade in London, the European Union and elsewhere in the global village. The new rules are part of the CFTC’s new-found powers under the Dodd-Frank reform measure. In particular the cross border guidance is aimed at the $700 trillion derivatives market more »

  • Which is the Best Bank for Shareholder Returns

    By Rupert Hargreaves - July 25, 2013 | Tickers: C, GS, JPM, WFC

    Second quarter results for the country's biggest banks appear to show that the glory days of banking are back. The total net income of JPMorgan (NYSE: JPM), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C), Bank of America, Goldman Sachs (NYSE: GS) and Morgan Stanley touched a level not seen since the second quarter of 2007, and more importantly, the banks did this on a loan to deposit ratio of more »

  • Do This Mega Bank’s Q2 Results Mean It Is Still a Buy?

    By Meena Krishnamsetty - July 25, 2013 | Tickers: BAC, C, JPM, MS

    Citigroup (NYSE: C) has more than doubled in price over the last year, as U.S. stocks generally have done well and investors have become more confident in the safety of the bank’s assets. The stock still trades at a considerable discount to the book value of its equity, with a P/B ratio of 0.8. According to the results that Citigroup has released for the second quarter more »

  • Good Reports, Muted Prospects For These Three Financials

    By Vladimir Zernov - July 24, 2013 | Tickers: GS, JPM, MS

    Despite the rallying market, big financial stocks continue to trade at relatively low multiples. The economic headwinds all over the world have not disturbed firms like Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) and JPMorgan (NYSE: JPM). These stocks are up 30%, 45% and 31%, respectively. Can this momentum continue?

    Recent reports

    Goldman Sachs has recently reported its quarterly earnings, beating analysts’ estimates. The company enjoyed a 45% rise more »

  • Who Will Profit the Most in the Financial Sector?

    By Alexander Cho - July 24, 2013 | Tickers: GS, JPM, MS

    Morgan Stanley (NYSE: MS), like the rest of Wall Street, reported a fairly solid quarter. The favorable macroeconomic headwinds have helped the company generate substantial returns for shareholders the past quarter.

    Earnings highlights

    The company reported 22% year-over-year gains in consolidated revenue. The growth in revenue was primarily driven by growth in its institutional securities (investment banking) and investment management businesses. The institutional securities division generated 30% year-over-year growth in more »

  • Donald Yacktman's Two Newest Buys

    By Anh HOANG - July 24, 2013 | Tickers: JPM, ORCL, WFC

    Donald Yacktman is one of the famous value investors, managing more than $11.5 billion in net fund assets. In the past 10 years, the Yacktman Fund has managed to deliver a decent annualized return of 10.97%, beating S&P 500’s return of only 7.30% in the same period. His investment philosophy is to invest in a good business with shareholder-oriented management at a low price.

    In more »

  • Goldman Sachs' Earnings Were a Slam Dunk

    By Alexander Cho - July 23, 2013 | Tickers: GS, JPM, WFC

    I’ll be honest, I voiced concerns over Goldman Sachs (NYSE: GS). I wasn’t sure if the bank would be able to meet analyst expectations in the most recent quarter. However, my concerns about volatility having an unfavorable impact on client execution and asset management fees abated this quarter.

    Goldman Sachs revenue

    Goldman Sachs grew its revenue by 30% year-over-year in the second quarter of 2013. This blew my more »

  • How Much Do Mortgage Volumes Matter?

    By Jordan Wathen - July 22, 2013 | Tickers: JPM, WFC

    The housing market is central to an economic recovery.

    Some are worried that higher rates may slow the housing recovery, depress home prices, and ultimately threaten bank earnings as mortgage volumes slump. Let’s assess just how important mortgages are to the two largest mortgage originators.

    Wells Fargo

    The favorite bank of Berkshire’s Warren Buffett, Wells Fargo (NYSE: WFC) reported impressive earnings in the most recent quarter. The company more »

  • Bank of America Generates Substantial Profits

    By Alexander Cho - July 22, 2013 | Tickers: BAC, JPM, WFC

    The financial sector came through with a fairly phenomenal quarter. Banks in general have been able to lower operating costs, losses related to lending, and have been able to generate added fees from non-lending services. It’s also nice to know that this bank, in particular, has been able to increase the amount of lending income.

    Earnings highlights

    Bank of America (NYSE: BAC)(NYSE: BAC)(NYSE: BAC) had a great quarter. The company more »

  • The Big Bank Earnings Round-Up

    By Timothy Green - July 22, 2013 | Tickers: BAC, C, JPM, WFC

    The beginning of earnings season has brought with it the results of four of the largest banks in the country - JPMorgan (NYSE: JPM), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C) and Bank of America (NYSE: BAC). All of these banks showed strong growth in the quarter, with all four beating analyst expectations handily. But which of these banks offers the best value for investors?

    Strong results, some worries

    JPMorgan, led more »

  • JPMorgan Chase and Citigroup Have Outperformed

    By Alexander Cho - July 21, 2013 | Tickers: C, XLF, JPM

    The financial sector seems to be on a tear lately. For the most part, the analyst community believes that the banks are reporting somewhat inflated earnings. However, in my book, a beat is a beat. Another way of looking at it is that regardless of how sloppy a touchdown looks, as long as the person gets in the end zone, it is still a touchdown.

    The financial sector continues to more »

  • Banks Have Their Eyes Set on the Future

    By Federico Zaldua - July 19, 2013 | Tickers: C, GS, JPM

    Bank results are a good proxy of what might be happening in the economy. Signs of an economy that is improving such as more M&A deals, more loans and fewer defaults are also the drivers of much better top and bottom line results at banking institutions. Here I will analyze the last earning results of three key U.S. banks and set some insights about the future.

    Steady rise more »

  • Wells Fargo Gets the Short End of the Stick

    By Alexander Cho - July 18, 2013 | Tickers: C, JPM, WFC

    Most of Wells Fargo’s (NYSE: WFC) business activities are based around lending and fee-based activities on the small business and consumer level. This is significant, as Wells Fargo is one of the largest banks in the United States with 9,000 locations.

    Earning highlights

    The bank made virtually no headway in its most recent earnings report in terms of revenue. It reported flat revenues, with no year-over-year revenue growth more »

  • These Two Banks Lack Catalysts For Future Growth

    By Vladimir Zernov - July 17, 2013 | Tickers: BAC, JPM, WFC

    The earnings season is starting to gain some steam. Two big banks, Wells Fargo (NYSE: WFC) and JPMorgan (NYSE: JPM), have already presented their quarterly reports. As money is the blood of every industry, their reports are of interest for every investor, whether he considers buying of one these stocks or is interested in other industries.

    Both banks have routinely beaten analysts’ estimates, both on earnings and on revenue. The more »

  • These 3 Banking Giants Cannot Be Stopped!

    By Bob Ciura - July 16, 2013 | Tickers: C, JPM, WFC

    Although sometimes it may not seem to be true, the global economy continues its steady recovery from the devastating effects of the recent financial crisis. In the United States, the labor and housing markets are starting to heal and finally return to more normal states.

    This has obviously been great news for America’s biggest banks, whose profits and share prices have risen from the ashes along with the broader more »

  • Which Megabanks Are Good for Investors Now?

    By Anh HOANG - July 16, 2013 | Tickers: C, JPM, WFC

    Since the beginning of the year, Citigroup (NYSE: C) has beaten the performance of the overall stock market. It has gained more than 30.80%, much higher than the S&P 500’s return of only 17.95%.

    Recently, the bank has also delivered impressive second quarter 2013 earnings results. Citigroup is in the portfolios of many famous investors including Mohnish Pabrai, Julian Robertson, Jim Chanos and Leon Cooperman.

    Should more »

  • Financials Kicking off the Season

    By Nathaniel Matherson - July 16, 2013 | Tickers: XLF, JPM, WFC

    With the market hitting new highs, are you one of the many investors looking to reposition your portfolio into the year's end?

    As we enter earnings season, the Street has placed the majority of its focus once again on the financial sector. While the financial sector has outperformed the broader markets for much of the last year, it hasn't been exempt from the turbulence we've experienced over more »

  • Why You Should Stay Invested in the Financial Sector

    By Lee Samaha - July 16, 2013 | Tickers: COF, JPM, WFC

    Earnings season is in full flow now, and it’s the turn of banking heavyweights such as Wells Fargo (NYSE: WFC) and JPMorgan Chase (NYSE: JPM) to give their numbers and commentary on the economy. As ever, investors will focus on the housing market’s effect on banking stocks' prospects, and what it means to the wider economy. Frankly, I think the housing market is the key to future movements more »

  • Which Large Bank Is the Best?

    By Brian Nichols - July 16, 2013 | Tickers: BAC, C, JPM, WFC

    When you think of dominant banks, the names that automatically come to mind are Wells Fargo (NYSE: WFC), Citigroup (NYSE: C), JPMorgan Chase (NYSE: JPM), and Bank of America (NYSE: BAC). The problem is that most investors categorize these banks together in a generalized sense. Hence, I am looking at these four banks -- identifying what makes each unique -- you as an investor can then determine the best for your portfolio more »

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