JPMorgan Chase Related Content

JPMorgan Q3 Earnings Beat Estimates, Hurt by 86% Credit Loss Increase

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

Tiger Rentals Receives $135MM in Financing

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

Former GE Capital Exec Joins JPMorgan to Lead SE Expansion Strategy

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

Bloomberg: JPMorgan FX Salesman Wins Claim After Firing

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

JPMorgan, CitiBank Co-Agent Southwest Airlines Credit Facility

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

JPMorgan Q2 Performance Beats Estimates

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

WSJ: Big Banks Lose Nearly Half a Trillion Dollars in 2016

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

Federal Judge Dismisses Suit Alleging JPMorgan Ignored Madoff’s Scheme

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

Seven Banks to Pay $324MM in Rate Rigging Case

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

JPMorgan Beats Expectations, But Oil & Gas Charges Hurt Performance

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

JPM: U.S. Businesses Optimistic on Growth; Uncertain About Economy

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

JPMorgan Appoints Former Obama Advisor to Lead Fintech Strategy

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

London Whale’s Letter to Bloomberg: Losses Not His Fault

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

JPMorgan Reports Record FY Earnings, Notes Oil/Gas Related Reserves

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

Reuters: Prime Rates Rise Following Fed Rate Hike

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

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