For the first time in recent memory, financials investors are judging bank earnings by Main Street borrowing versus Wall Street trading.» Read More
Brian Kelly, Shelter Harbor Capital; Lee Munson, Portfolio Asset Management; and Russ Koesterich, BlackRock iShares Group, discuss JP Morgan's stunning revelation of $2 billion trading losses and its impact on Friday's trading action.
CNBC's Mary Thompson and Jim Cramer report on JP Morgan's stunning admission of huge losses at the bank. Also, discussing what's causing the stall on Capitol Hill, with Kimberley Strassel, The Wall Street Journal; Bill Hennessy, St. Louis Tea Party founder; and Joy Reid, TheGrio.com.
"Just because we're stupid doesn't mean everybody else was," says JPM's CEO Jamie Dimon, commenting on his company's huge losses. CNBC's David Faber weighs in on Dimon's ability to manage risk, with Todd Hagerman, Sterne Agee analyst.
The Fast Money traders listen in on JP Morgan's conference call, and CNBC's Mary Thompson has highlights from the call, reporting JPM's CEO Jamie Dimon said the losses were "stupid" and violated the "Dimon Rule".
JPMorgan Chase is introducing its own prepaid credit card called Chase Liquid, in a move that could help it recoup revenue lost to new regulation.
Have the last few years left you looking like a cross-eyed Mary? Were your retirement plans bungled ... in the jungle? Maybe the financial collapse has left you feeling like a dead duck, spitting out pieces of your broken luck. Oh, Aqualung.
The U.S. economy is improving but "we wish it were stronger," JP Morgan Chase's chief financial officer told CNBC Friday.
Michael Scanlon, Manulife Asset Management, and Todd Hagerman, Sterne Agee, discuss JPMorgan's better-than-expected earnings this quarter.
Sharpen your pencils, it's Last Call quiz time.
CNBC's Eamon Javers reports Facebook's valuation is headed higher; JPMorgan CEO, Jamie Dimon told shareholders in his annual letter that earnings will grow over time; and shares of AIG were up on news from CNBC, the insurance giant could launch an IPO on its aircraft leasing business.
Last year was a good one for JPMorgan Chase earnings but it would've been even better had the bank not been hit with mortgage-related losses, CEO Jamie Dimon told investors in his annual letter, released Wednesday
CNBC's Mary Thompson reports the latest details on JPM's CEO Jamie Dimon's letter to shareholders.
Is the economy getting stronger or pulling back? Two members of CNBC's Small Business Council weigh in.
The housing market is very close to a bottom and there are already signs its improvement is giving the overall economy a boost, JPMorgan's Jamie Dimon told CNBC.
JPMorgan's Jamie Dimon told CNBC that most areas of the economy are "flashing green." Jim Cramer and CNBC's Steve Liesman & Diana Olick offer their reactions.
JPMorgan hires about 10 veterans every day as part of the 100,000 jobs mission. Jamie Dimon, president & CEO of JPMorgan Chase, offers insight.
CNBC's John Carney reports on how JPMorgan's Jamie Dimon is responding to the Op-Ed piece by a former Goldman Sachs executive, and also what's happening within Goldman Sachs.
Greg Smith lobbed a verbal Molotov cocktail in The New York Times against his former firm, Goldman Sachs, and reaction to his resignation might lead you to believe a lot of people inside the firm agree with his negative assessment of CEO Lloyd Blankfein. Mmmmm...not so fast
A look back at the banking environment during the collapse of Bear Stearns, with Alan Schwartz, former Bear Stearns CEO/Guggenheim Partners executive chairman, who says institutions need to be more careful on how they define leveraging. Schwartz also says while there are some good things about regulation, they are over complicating.
WNBC's Jonathan Dienst reports the FDA has raised safety concerns statin drugs pose a small risk of raising blood sugar levels; shares of First Solar were halted after it released much lower-than-expected earnings; Republican Senator from Maine, Olympia Snowe says she will not run for re-election; and JP Morgan Chase CEO Jamie Dimon says breaking up the bank will not unlock any value.