JPMorgan reported Q3/16 net income of $6.3 billion was down 8% from $6.8 billion in the same quarter a year earlier. EPS of $1.58 beat analysts’ estimates of $1.39. The bank noted its provision for loan losses was up 86% year/year. read more

OCT 17, 2016 - 6:17 am

Tiger Rental Group closed on $135 million of financing consisting of a $110 million term loan with Orion Energy Partners and a $25 million working capital revolver with JPMorgan Chase Bank. read more

OCT 3, 2016 - 7:25 am

Reuters reported JPMorgan Chase hired Clarence Nunn, the former chief executive of GE Capital’s franchise finance business, to lead its middle market expansion strategy in the Southeastern U.S. read more

SEP 15, 2016 - 7:25 am

Bloomberg reported a JPMorgan Chase currency salesman won his claim against his former employer after being fired following a foreign-exchange manipulation scandal. read more

AUG 15, 2016 - 8:06 am

Southwest Airlines entered into a new $1 billion five year revolving credit facility with a syndicate of lenders led by JPMorgan Chase and Citibank as co-administrative agents. read more

AUG 10, 2016 - 7:09 am

Bloomberg reported JPMorgan posted revenue that beat estimates as it extended $106 billion more in loans compared to a year earlier. Earnings per share of $1.55 exceeded analysts’ estimates of $1.43. read more

JUL 15, 2016 - 6:55 am

The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet. read more

JUL 11, 2016 - 6:50 am

Bloomberg reported that a federal judge dismissed a suit filed by investors, which alleged that JPMorgan Chase ignored the warning signs of the Bernard Madoff Ponzi scheme. read more

MAY 20, 2016 - 7:46 am

Bloomberg reported seven banks have agreed to pay $324 million to settle claims they conspired to rig an interest rate benchmark used in the derivatives market. read more

MAY 4, 2016 - 6:40 am

JPMorgan reported Q1/16 net income of $5.5 billion was down 7% from Q1/15 on revenue of $24.1 billion, down from $24.8 billion a year earlier. EPS of $1.35 exceeded analysts’ expectations, but provision charges on Oil and Gas related investments hurt performance. read more

APR 14, 2016 - 6:11 am

According to the results from the 2016 JPMorgan Chase Business Leaders Outlook report, U.S. businesses are optimistic for growth but uncertain about the national and global economies. read more

APR 13, 2016 - 6:30 am

Quartz reported that Seth Wheeler, a former economic advisor to President Obama, joined JPMorgan Chase as a managing director leading fintech and innovation strategy. read more

MAR 16, 2016 - 7:26 am

Bruno Iksil, a former JPMorgan Chase trader better known as the “London Whale,” sent a letter to Bloomberg stating that he is not responsible for the losses suffered in the scandal. read more

FEB 23, 2016 - 8:11 am

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JPMorgan Chase reported full-year net income was a record $24.4 billion on revenue of $96.6 billion. The bank noted reserve increases in the Oil & Gas portfolio of $124 million. read more

JAN 14, 2016 - 7:24 am

Reuters reported that major U.S. banks raised their prime rates for the first time since 2006 following a rate hike from the Federal Reserve. read more

DEC 18, 2015 - 7:19 am