When J.P. Morgan CEO Jamie Dimon released a Christmas card that showed Dimon and his family playing tennis around their luxurious apartment, plenty in the media saw it as a "let them eat cake" moment for the wealthy financier. "Jamie...Show More Summary
The IP Whiteboard has an interesting series of posts on house brands imitating national brand trade dress in Australia, including pictures. I also didn't know about JP Morgan's "Bitcoin-like" patent application.
Picking stocks is hard. JP Morgan started out 2013 by naming First Solar, the Tempe, Ariz.-based solar panel maker, as a stock investors needed to categorically avoid in 2013. 2012's list had four names, but First Solar was apparently deemed so risky as to occupy that space by itself. Show More Summary
J.P. Morgan’s Paul Coster this morning reiterates a Neutral rating on shares of 3-D printer maker 3D Systems (DDD), while raising his price target to $60 from $58.50, after raising his revenue estimates but trimming his EPS number to reflect higher R&D investment by the company. Yesterday’s announcement the company will buy some assets of [...]
This parody of Rihanna’s video “Diamonds,” tells the story of Jamie Dimon, JP Morgan Chase, and their selfish financial crimes. Foreclosures are spiking. Mortgages are underwater. Families are still recovering from the recession. And the guys responsible for it are making record profits. read more
JPMorgan Chase & Co. plans to boost the number of junior investment bankers it employs by about 10 percent and provide them with “protected weekends” to reduce their workload, a person familiar with the matter said. Jeff Urwin, the New...Show More Summary
JP Morgan is suing the FDIC for $1 billion worth of fines over bad loans connected with WaMu, a firm that it acquired during the financial crisis at the behest of the government. I predict it will be the first of many such suits, asShow More Summary
If you are Jamie Dimon, a good deal is apparently never good enough.
As mentioned this morning, J.P. Morgan‘s Mark Moskowitz today cut his outlook for global IT spending in 2014, but found enough bright spots to raise his ratings on shares of Hewlett-Packard (HPQ) and Western Digital (WDC) to Overweight from Neutral. Moskowitz expects total global IT spending of 3% in 2014, down from his prior forecast for 3.6%, but he sees [...]
Two things used to justify why Wall Street's junior bankers slogged for such ridiculous hours: 1) Insanely high salaries and bonuses and 2) the overlords dropping work on their desks on Friday at 6 p.m. But then about two months ago, Goldman Sachs announced a spate of reforms to ease back on junior staffers. Show More Summary
JP Morgan Chase and Deutsche Bank are extending bans on the use of multi-dealer online chatrooms, sources familiar with the plans told Reuters, as banks crack down on potentially inappropriate communications following a string of scandals. Show More Summary
LONDON (Reuters) - JP Morgan Chase and Deutsche Bank are banning the use of multi-dealer online chat rooms, sources familiar with the plans told Reuters, as banks crack down on inappropriate communications by staff following a string of scandals.
JP Morgan Chase is banning the use of multi-dealer online chat rooms. ||| London - JP Morgan Chase, the biggest US bank by assets, is banning the use of multi-dealer online chat rooms and the use of such chat rooms among staff for social purposes, a person familiar with the matter told Reuters on Tuesday. Show More Summary
LONDON (Reuters) - JP Morgan Chase, the biggest U.S. bank by assets, is banning the use of multi-dealer online chat rooms and the use of such chat rooms among staff for social purposes, a person familiar with the matter told Reuters on Tuesday.
Back in the day, as in pre-2008, attempts to make the job of a Wall Street junior banker slightly more palatable would have been laughed off as crazy and unnecessary. The main reason was that any complaints to management about treating...Show More Summary
Shares of enterprise storage equipment vendor Violin Memory (VMEM) are up 48 cents, or 18%, at $3.17, after the company this morning said it showed CEO Don Balsile the door, and replaced him with company chairman Howard Bain III, on an interim basis. The board said it need to “enhance the management team’s operational focus,” and [...]
The year 2013 has been good to me and the family. We are still living in Coronado, the kids are healthy and working hard in school and my hairline held […] The post Predictions for 2014…Punch a Banker (again), JP Morgan Will Settle More...Show More Summary
Last October, Reverend Billy (AKA Billy Talen) made his second appearance at JP Morgan. The first time the Reverend showed up at the House of Morgan, he protested the banks practices by putting a “holy hex” on the building. This time,...Show More Summary
JP Morgan's Tom Lee wowed us today by slapping a 2,075 target on the S&P 500 for 2014, which implies a 17% return from current levels. This call makes Lee by far the most bullish widely-followed strategist on Wall Street. So, what's behind his call? Among other things, he compares the pattern of returns in the current bull market with previous bulls. Show More Summary
Don’t cry for me Goldman Sachs and JP Morgan. There are so many bloody loopholes in the supposedly tough as nails Volcker Rule limiting profitable trading with your own money that it’s totally absurd to fear the future. That’s because of the following exceptions to the proposed prohibition against proprietary trading by banking entities. [...]