JPMorgan reported a third-quarter profit, as it moved past huge legal claims that caused it to book a rare loss in the same quarter last year.» Read More
Oct 14- JPMorgan Chase& Co reported lower-than-estimated third-quarter profit on Tuesday as unexpected legal expenses of $1 billion caught analysts off guard and offset strength in its capital markets and lending businesses. JPMorgan, the biggest U.S. bank, also reported higher-than-expected operating costs, with compensation, technology and marketing...
*Third-qtr EPS $1.36 versus $1.38 Wall St estimate. Oct 14- JPMorgan Chase& Co reported lower-than-expected third-quarter profit on Tuesday as high costs more than offset strength in its capital markets and lending businesses. JPMorgan, the biggest U.S. bank, recorded $1 billion in legal expenses, which was more than analysts anticipated.
NEW YORK— JPMorgan Chase's CEO Jamie Dimon says that more coordination between businesses and government is needed to combat the rising threat of cyberattacks. New York- based JPMorgan said earlier this month that a breach of its computer systems this summer compromised customer information pertaining to roughly 76 million households and 7 million small...
Oct 14- JPMorgan Chase& Co reported a third-quarter profit as the biggest U.S. bank boosted revenue from trading and investment banking, and moved past the huge legal claims that pushed it into a rare loss in the same quarter last year. The bank, confirming figures leaked earlier on an investment website, said it recorded net income of $5.6 billion, or $1.36 per share,...
NEW YORK— JPMorgan Chase, the largest U.S. bank by assets, on Tuesday reported a third-quarter profit after booking a loss in the same period a year ago, when the company absorbed a big charge for legal expenses. JPMorgan and other banks are facing allegations that they manipulated foreign-exchange rates to the detriment of their clients. Jamie Dimon, JPMorgan's...
In order for things to really improve next week, Cramer thinks several situations bear watching over the weekend.
Speaking at the Institute of International Finance membership meeting on Friday, JPMorgan CEO Jamie Dimon said 'shadow banking' should be a top priority for financial regulators.
Four top bank CEOs including JPMorgan's Jamie Dimon joined a panel at the Institute for International Finance to talk global growth, regulation and the Silicon Valley, reports CNBC's Kayla Tausche.
The JPMorgan CEO sees one thing that could derail the recovery: The $3.2 trillion nonbank financial system, or "shadow banks."
A top banker with nearly 40 years of experience on Wall Street says he can't "remember a better time to do a deal."
Banker compensation may get more complicated and have fewer zeroes if the International Monetary Fund has a say.
BOSTON, Oct 3- Two U.S. states are investigating the theft of 83 million customer records from JPMorgan Chase& Co in a massive cyberattack uncovered over the summer and more may soon join, Reuters learned on Friday. Special Assistant Attorney General William Brauch, director of the Iowa Department of Justice's Consumer Protection Division, told Reuters that...
BOSTON, Oct 3- The 83 million customer records that hackers stole from JPMorgan Chase& Co could fuel years of fraud, as criminals use the information to "phish" for customer passwords and ferret out other accounts that consumers may have, cybercrime researchers said on Friday. Their first step will likely be to use the information to send emails to customers...
Details on a cyberattack on JPMorgan's servers this summer add to doubts over the security of consumer data kept by lenders, retailers and others.
Bank of America said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.
The tech giant will make 15 cents of every $100 spent, or 0.15 percent, using Apple Pay, sources said. The FT reports.
JPMorgan's CEO Jamie Dimon finished his radiation and chemotherapy treatment this week, The Wall Street Journal reported.
Sept 11- JPMorgan Chase& Co CEO Jamie Dimon, who was diagnosed with throat cancer this year, finished his scheduled rounds of radiation and chemotherapy treatment this week, the Wall Street Journal said, citing people familiar with the matter.
NEW YORK, Sept 9- JPMorgan Chase& Co CEO Jamie Dimon is "feeling fine" with his treatment for throat cancer and is continuing to be involved with the business, the company's chief financial officer said on Tuesday.
NEW YORK, Aug 25- A group of Wall Street banks plan to meet the U.S. Treasury Department and other government officials next month to talk about how to cooperate to fend off cyber attacks, people familiar with the matter told Reuters.