jpmorgan

But a comparison to rival JPMorgan (JPM) reveals just how much value Ken Lewis has destroyed over the past 18 months.

He said JPMorgan was "not asked by anybody" to cut the payout, but did so out of a "normal abundance of caution. "

For that reason alone, JPMorgan Asset Management's Shairp said he has called for his fund firm to take some risk off the table.

"The super-cycle does not mean the end of boom and bust, " says Michael Jansen, a commodities analyst at JPMorgan in London.

However, JPMorgan insiders said the proprietary trading unit had nothing to do with that trade, which was undertaken on behalf of a client.

US banks including Morgan Stanley, JPMorgan and Citigroup are trying to strike deals with local partners that are amenable to Beijing.

But he said JPMorgan did not want to stand in the way of an initiative that benefited the banking system as a whole.

She allows that if JPMorgan Chase is allowed to go bust, "we might as well as get on a boat out of the country. "

JPMorgan Chase also became a shareholder for a time, and with it came know-how for the bank's essential wealth management capacities.

In the days leading up to the offer from JPMorgan, Bear Stearns released statements suggesting the company's finances were sound.

Between them they are expected to invest at least $50bn in international capital markets during the next two years, JP Morgan estimates.

Mr Lewis's abrupt retirement overshadowed a bold management overhaul decreed just a day earlier by Jamie Dimon, JPMorgan chief executive.

The firm's "results are very disappointing -- the worst so far in the investment banking sector, " analysts at JPMorgan wrote in a report.

"The plan may well have asymmetrical benefits . . . but what is good for the system is good for JPMorgan, " he said.

Bear Stearns is still standing only because JPMorgan Chase was solid enough to prop it up.

One sloppy sentence appeared to require JPMorgan to continue guaranteeing Bear's trades even if its shareholders voted down the takeover.

'They've opened the door on a pause, ' said JPMorgan Chase's Mr. Fuzesi, who expects the next rate increase in early 2012.

JPMorgan Chase is the only big American bank not to have recorded a quarterly loss in the past two years.

But the bigger problem, according to a JPMorgan executive, was that the guarantee would fall away if Bear's board recommended a rival bid.

JPMorgan also reported better second-quarter figures fuelled by a strong performance from its investment bank.

JPMorgan insiders said some bankers in London, where Mr Winters was based, were dismayed by the decision to oust him.

Still, Jamie Dimon, JPMorgan Chase's canny boss, will see this as a time of great opportunity.

JPMorgan insides said some bankers in London, where Mr Winters was based, were dismayed by the decision to oust him.

It would have been a natural thing for JPMorgan to do.

JPMorgan is only the latest bank to launch such a programme.

"I got a message that I was now a JPMorgan customer, that Washington Mutual no longer existed, " she says.

The same year, JPMorgan decided to scrap a $5bn deal with IBM after concluding the operations would be better handled in-house.

He said JPMorgan's exposure was hurt further by the acquisition of crippled Bear Stearns in March.

But it had virtues that, reading the SEC's settlements with JPMorgan and Goldman, make me nostalgic.

A study by JPMorgan Chase found that there has been a slight rise in rates when countries lost an AAA rating.

JPMorgan will not put any loans into foreclosure as it implements the expanded program over the next 90 days.

But Melanie Flouquet, a luxury analyst at JPMorgan, an investment bank, says that this growth is not enough to offset a slowdown in America.

The financials are a bit oversold so we're seeing a bounce there, and there's also an expectation JPMorgan's earnings will be good tomorrow.

Working at JPMorgan Equity Research, one of the things I had to get used to was waking up early in the morning.

A JPMorgan fund is in talks to acquire a substantial stake in Twitter, one of the fastest-growing social networking sites.

JPMorgan believes that the risks of fiscal crisis is limited for the coming decade at least.

At JPMorgan, he managed the bank's central and east European, and Middle East and North African business.

As for the Gardens for Health women: one of the Yale students, Julie Carney, a senior, will receive recruiting inquiries from JPMorgan.

JPMorgan did not respond to a request for comment.

There's little hope of a turnaround anytime soon, JPMorgan CEO Jamie Dimon told the Financial Times in an interview.

Its counterparty is not thought to have been Lehman, and JPMorgan was not named in Mr Valukas's report.

"Some people are being very thoughtful about this. I know JPMorgan is urging caution before running into this, " the attorney said.

JPMorgan Chase recently announced an initiative to roll out a corporate banking operation globally.

In court filings, JPMorgan has strongly denied wrongdoing, and it is contesting both cases in federal court. The bank declined to comment.

"I think they wanted to be a little less temple-like, " said Michael Feroli, a former Fed economist now with JPMorgan.

With the bank's stock trading at about $30, JPMorgan stepped in with a $2 per share offer that was later raised to $10.

Michael Jansen, of JPMorgan, said that he expected increases in metals stocks would be a "significant hurdle" to further price gains.

JPMorgan yesterday declined to comment, but bank executives have told investors that the tax charge would be "material" .

Earlier this week, JPMorgan Chase & Co. said in its quarterly earnings report it has lowered its estimate of future card losses.

People close to JPMorgan denied the existence of a major rift.

Declines had been anticipated, with JPMorgan reporting a similar investment banking performance last week.

As if to underline this, late on Monday JPMorgan slashed its quarterly payout from 38 cents a share to 5 cents a share.

One of the pioneers of structured credit in the 1990s, JPMorgan is a leader in parts of the CDO business.

If the JPMorgan survey is correct, investors - on average - do not expect serious deflation to emerge from this unknowable mix.

"The QDII programme is still in place, " Frank Gong, analyst at JPMorgan, said in a research note.

People at Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and even the Treasury Department have gone a bit curling crazy.

Pan American made about $3. 50 per barrel in net income in the first half, on JPMorgan's calculations, one-sixth that of Cnooc.

The people familiar with the situation said the evidence included records from JPMorgan.

Michael Feroli, an economist at JP Morgan, said: "It is almost like the socialisation of housing finance. "

Now JPMorgan, a leading prime broker, is saying that managers are willing and able to borrow again.

JPMorgan Securities says packaging is toughing out the economic slowdown and is in better shape than other markets.

If you look at JPMorgan and Citigroup, even though they beat expectations, they said that looking ahead, times are going to be challenging.

Like its rivals, JPMorgan is believed to be looking also at closing its equity and fixed-income proprietary trading units.

There are a few universal banks in the US, such as Bank of America and JPMorgan, that have weathered the storm so far reasonably well.

Baidu shares had been weak ahead of the Google announcement, on uncertainty related to the Phoenix Nest, JPMorgan's Wei said.

To prove his point, Mr Staley went back to data from 1970, the year he joined Morgan Guaranty Trust, one of JPMorgan's ancestors.

Kian Abouhossein, JPMorgan banking analyst, says: "Traditional credit will be a better place to be than investment banking" .

JPMorgan Chase has just become the first bank to write down its holdings, saying it may lose $600m, or half the value it had put on them.

Last week, it sealed a deal to sell its Canadian energy operations and global agricultural business to JP Morgan for an undisclosed amount.

A suit against JPMorgan Chase, over collateral calls the bank made on Lehman in the weeks before its demise, is due to go to trial in 2012.

But a license has not been given to a U. S. bank in 6-years, so this is a significant coup for JPMorgan and Morgan Stanley.

"Recession is getting priced in, " said Jan Loeys, economist at JPMorgan, adding that markets went into "virtual panic mode" last week.

A spokesman for JPMorgan Chase declined to comment on its political action committee's contributions or relations with the Democrats.

However, with the financial crisis continuing to wreak havoc, JPMorgan has put the debt syndication on hold until markets have stabilised.

JPMorgan analyst Charles Grom warned Halloween-related sales will still not do enough to offset the warmest October in 20 years.

It had bought the JPMorgan Chase building at 23 Wall Street in New York.

However, JPMorgan says it received permission from Rio to advise Chinalco and there is no conflict of interest.

JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC) jumped at least 2. 7 percent, following a rally in European lenders.

But more than enrich its clients, Highbridge has helped JPMorgan think about its own investment strategies.

Investment banks including Goldman Sachs and JPMorgan Chase have also set up funds to help rich clients buy stakes.

The firms have not been named, but it's likely that they include JPMorgan Chase, American Express and Goldman Sachs.

"Directors do not design aeroplanes for Boeing or make the food for Taco Bell, " says Mr Dimon of JPMorgan Chase.

Mr Blair also performs the role of fixer for clients including JPMorgan Chase, the US bank he advises for a seven-figure fee.

"We need to put more capital, systems and people in emerging markets, " says Jes Staley, the head of JPMorgan's investment bank.

The New York Fed created the company to share losses with JPMorgan.

Imperial chief executives have been blamed for these firms' collapse, yet they did brilliantly at JPMorgan and Santander.

JPMorgan is the first of the major banks to report fourth-quarter numbers and its results may bode ill for competitors.

Some insiders even fear that if JPMorgan continues to grow, it might run foul of regulators and face calls for a break-up.

JPMorgan once again avoided the huge writedowns on subprime mortgage-related securities that have plagued its rivals.

Record trading revenues in the investment bank in the first half of the year helped offset rising losses in JPMorgan's consumer portfolios.

Record trading revenues in the investment bank in the first half of the year helped offset rising losses in JPMorgan's consumer portfolios.

A week later, JPMorgan raised its bid to roughly $10 a share.

With Bear's shares sharply lower and its liabilities unknown, JPMorgan could end up paying very little to acquire the firm.

Jing Ulrich, JPMorgan managing director and China equities chair, said she expected the 5 per cent revenue tax to be gradually phased out.

"JPMorgan complied fully with all applicable laws and regulations governing customer accounts, " it said.

A recent report by JPMorgan also argues that soaring production costs are now a heavy influence on commodity prices.

International banks including HSBC, JPMorgan Chase and South Africa's Standard Bank already offer renminbi trade settlement services.

The action is seen through the prism of the derivatives team at JPMorgan, which helped create the toxic products.

By this measure, says JPMorgan, India, Indonesia and the Philippines are the worst offenders.

Although their predictions for productivity and labour supply are different, JPMorgan's economists agree with his figure.

CCMP Capital is an independent private equity firm formed this year by former employees of JPMorgan Partners.

JPMorgan Chase is expected to get away with a much smaller mortgage-related hit, probably below $2 billion.

Bear Stearns and Merrill Lynch found shelter in the arms of two big universal banks, JPMorgan Chase and Bank of America.

"Private equity and hedge funds could be winners, taking on more risk, " says Kian Abouhossein, banks analyst at JPMorgan.

Both JPMorgan and Bank of America are close to the cap following recent acquisitions.

Morgan Stanley and JPMorgan dropped out of the top 100 completely.

JPMorgan expects to earn commission of at least $13m from the fund.

By contrast, other top banks, including JPMorgan Chase and BNP Paribas, have made big strides in their key markets.

If Evercore or JPMorgan advises a corporation on making an acquisition, the standard fee is about two per cent of the purchase price.

Jamie Dimon, chief executive of JPMorgan Chase, has thus far steered the group through the credit squeeze in fairly good health.

Jamie Dimon, chief executive of JPMorgan Chase, has thus far steered the group through the credit squeeze in fairly good health.

(JPMorgan retorts that it acted in the interests of its shareholders).

JPMorgan estimates that emerging Asia's GDP has grown by an annualised 7% in the second quarter.

Shareholders approve buyout by JPMorgan Chase, marking the end of an era on Wall Street.

As well as giving Bear's shareholders more money, the revised deal does give JPMorgan a lot more certainty that it will be completed.

As for risks, JPMorgan has already admitted that litigation costs arising from the Bear's debacle could be substantial.

But one thing she won't miss about JPMorgan: telling people that she works there.

Few institutions have been left unscathed by bad mortgage debts; JPMorgan Chase is a rare exception.

ETF Securities Ltd. , BlackRock Inc. and JPMorgan Chase & Co. are planning to introduce exchange-traded products backed by copper.

In 2003, MasterCard introduced PayPass in a market trial conducted in Orlando, Florida, with JPMorgan Chase &Co. , Citibank, and MBNA.

"For the Japanese, the rapid emergence of this new market segment is clearly a pain, " said Alvin Kwock, an analyst at JP Morgan.

It has appointed JP Morgan to advise on a possible sale, say people familiar with the situation.

JPMorgan Chase (JPM) and Morgan Stanley (MS) received Chinese regulatory approval for investment banking in January.

Investors are not, for instance, calling for JPMorgan Chase to be cut up into pieces.

But it will also eat into the profits of big dealers, such as Goldman Sachs and JPMorgan, at a time when every dollar is precious.

Goldman, JPMorgan, Morgan Stanley and others reported last month that total compensation as a percentage of net revenues fell in 2009.

Jamie Dimon, the boss of JPMorgan Chase, told investors last week that his bank "was making loans all the time" .

As for JPMorgan Chase, it has kept a tight rein on risk, managed capital well and acquired sensibly.

"From the standpoint of force majeure, Goldman can't match JPMorgan at all, " said Bove.

JPMorgan Chase raised its offer fivefold and other elements of the deal, brokered by the Federal Reserve, were amended.

Meanwhile, China used to export much more coal than it imported, according to Jon Chappell of JPMorgan.

"JPMorgan can compete with, and beat, Goldman Sachs, " said Dick Bove, a veteran banking analyst with Rochdale Securities.

JPMorgan Chase was also hammered last week and announced a $2. 3bn increase in its reserve for litigation expenses.

Loans to companies are also lower, and when asked why on the conference call, JPMorgan's chief financial officer said "demand" .

Similarly, JPMorgan only secured approval for its own joint-venture with First Capital Securities in December 2010.

The veteran head of JPMorgan Chase's South Korea operations has been questioned by local investigators probing insider trading allegations.

That has helped shield JPMorgan from questions about its own size, profits and payouts.

But in the near term, JPMorgan's strength and size give it an edge when it comes to winning business in uncertain financial conditions.

Other companies scheduled to release results next week include banking giants JPMorgan Chase & Co. and Bank of America Corp.

Wall Street investment banks including JPMorgan arranged complex financing deals using swaps.

Asian bonds, as measured by JPMorgan's total return index of dollar-denominated debt, are back to pre-Lehman levels.

Notwithstanding the odd billion dollars of one-off trading gains, JPMorgan will continue to glow after yesterday's third-quarter results.

Anything to do with lending to consumers or companies, by JPMorgan's own admission, looks grim indeed.

Jahangir Aziz, economist at JPMorgan, warns of "runaway inflation" in coming months unless the central bank acts boldly now.

JPMorgan Chase & Co. cut its recommendation on shares of the world's largest chemical maker to "neutral" from "overweight" .

Jamie Dimon, chief executive, stressed in a conference call that JPMorgan had fully integrated Bank One, which it acquired in 2004.

JPMorgan's size means it can lend more to more clients, giving it a better chance to sell other services, Bove said.

BlackRock, Deutsche Bank and ETF Securities hope to join JPMorgan in offering investors exposure to physical copper.

JPMORGAN CHASE managed to avoid big losses largely thanks to the tone set by its boss, Jamie Dimon.

Major banks also offer solid information, including Wells Fargo, JPMorgan Chase, Bank of America and Citigroup.

NEW YORK (AP) -- Upbeat earnings from JPMorgan Chase, Intel and CSX helped drive stocks higher Wednesday.

One wild card will be the credit card portfolios at major banks like JPMorgan, Bank of America and Citigroup. As delinquencies ease, Mr.

That, says Jing Ulrich, chairman of China equities at JPMorgan Securities, may be grounds for optimism.

It counts among its members the biggest U. S. banks, including Goldman Sachs Group Inc. , Citigroup Inc. and JPMorgan Chase &Co.

"Without the excessive rents earned by JPMorgan Chase and the remaining legacy OTC dealers, the largest banks cannot survive. "

JPMorgan speculates that lower costs and stricter government regulations will spur the growth of hybrid sales.

JPMorgan puts the worth of its assets at around $11 billion, valuing its property companies at roughly zero.

In the words of a rival executive: "Jamie and JPMorgan won the crisis. Can they win the post-crisis? "

In a recent research report three JPMorgan strategists proposed an answer.

Still, JPMorgan has turned less optimistic about China, lowering its rating on the market from "overweight. "

"International firms will [gradually] lose market share to Chinese firms, " says JPMorgan's Mr Abdelnour.

Every month, JPMorgan Chase dispatches a researcher to several supermarkets in Virginia. The task is to comparison shop for 31 items.

China has also moved from six-month quotas to full-year quotas, decreasing its leverage over the short-term prices, according to JPMorgan.

The five-fold increase in the offer for Bear represents a remarkable turnround for JPMorgan executives.

JPMorgan has advanced the furthest, with its shares trading at US$45, not far off their peak of US$53 three years ago.

Dimon's comments were the second time in two days that JPMorgan executives delivered investors a generally upbeat message.

Qian Wang, an economist at JPMorgan, says the revaluation is likely to happen eventually.

"The key to the final outcome will be finishing rains in September, " a report from JPMorgan said this month.

So far this year, inflows into emerging market fixed income funds alone were $36 billion, according to JP Morgan (JPM).

Mr Winters says JPMorgan's experience securitising corporate loans in the late 1990s underlined the danger of such assumptions.

Major U. S. bank JPMorgan Chase & Co also warned on Thursday that rising unemployment will add to pressure on credit losses.

"We have the system that was sponsored originally by JPMorgan, " said Ishii.

Either way, JPMorgan Chase looks to be in good shape.

Fourteen years on, he is now head of institutional client management at JP Morgan.

But the motives of Burberry and JPMorgan seem very similar: they are profitable businesses, aiming to stay profitable.

But, unlike Goldman, which raised $5. 5bn this week to help repay its $10bn capital injection, JPMorgan needed no extra capital.

In tandem, Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have announced plans to issue covered bonds.

JP Morgan (JPM) paid $154 million earlier this year to settle civil charges related to a bad mortgage bond deal.

David Mackie, an economist at JPMorgan Chase, argues that the real prize would be to offer low-cost finance beyond 2013.

JPMorgan Chase made a lowball offer for WaMu soon after buying Bear Stearns, but was rebuffed.

The group, which campaigns against modern slavery, commended JPMorgan, which in 2005 apologised for slave dealing by predecessor banks.

Four other fund firms, including JPMorgan's China asset management venture, are setting up similar funds.

JPMorgan Chase is pushing capital reserves provided by the funds' sponsor or its parent.

It is not clear if the JPMorgan fund will make a direct investment or buy out existing investors and shareholders with Twitter's approval.

"Madoff's assertion that JPMorgan employees 'knew what was going on' is patently false. "

There is still, points out JPMorgan, substantial scope for variation.

"I think Chinese buying [of JGBs] is putting upward pressure on the yen, " said Tohru Sasaki, foreign exchange strategist at JPMorgan.

Rather than playing defence, some analysts believe JPMorgan will use weakness in other banks' share prices to make a big acquisition.

Over the same period the trade-weighted real exchange rate (calculated by JP Morgan) appreciated by only 13 per cent.

JPMorgan Chase and Royal Bank of Scotland are set to shed jobs at Bear Stearns and ABN AMRO's wholesale arm respectively.

JPMorgan Private Bank runs courses that look closely at family-owned businesses and family offices.

In the words of a rival: "Jamie and JPMorgan won the crisis. Can they win the post-crisis? "

JPMorgan Chase may soon have a little less cash in its vaults, and Citigroup will have a new account holder.

"This deal will provide a road map, " says Leon Meng, head of greater China mergers and acquisitions at JPMorgan.

These epic losses produced a "behavioural convulsion" , in the phrase of Bruce Kasman of JPMorgan Chase.

The most profitable securities firm in Wall Street history was cut to "neutral" from "overweight" by JPMorgan.

In 2010 we will witness the emergence of a banking super-league comprising Goldman Sachs, JPMorgan Chase and Deutsche Bank.

JPMorgan Chase will not have to offload its prized Highbridge subsidiary, for instance.

Fidelity is seen as having fewer people on the ground than JPMorgan and relying more on marketing to sell funds.

"It's not coincidence that they took off so strongly since 2002, " says William Lee, head of equity derivatives Asia Ex-Japan at JPMorgan.

Suddenly Citi dropped universal default and JPMorgan Chase ended two-cycle billing.

Even so, say JPMorgan's analysts, PACCAR will probably shy away from a bidding war.

JPMorgan says the drop in profitability is likely to lead to lower pay and bonuses at the investment banks.

However, JPMorgan's CEO Jamie Dimon still struck a cautious tone about future economic growth.

But having to divest Highbridge, a big hedge-fund firm, would be "horrible" , says a JPMorgan insider.

But there are people at JPMorgan, in Beijing and in New York, who fear that the credit guarantee business is a licence to lose money.

For what it is worth, JPMorgan does not believe it was bailed out but rather that it helped save other banks.

More positive news is expected to come from JPMorgan Chase on Wednesday.

But Sajjid Chinoy of JPMorgan Chase has tallied the official figures against India's trade partners' numbers and data on port traffic.

In other ways, the case against JPMorgan is a carbon copy of the Goldman one.

As a result, neither of these giants appears in JPMorgan's global index.

This week change also swept the upper ranks of Bank of America (BofA) and JPMorgan Chase.

"The mainland market is on a much sounder footing now, " says Jing Ulrich, managing director of China Equities at JPMorgan.

BHP may face competition from Chinese bidders, JPMorgan Chase & Co. said last month.

Such curbs could crimp revenue at Bank of America Corp. , Wells Fargo &Co. and JPMorgan Chase &Co.

Ms Morparia said JPMorgan is expanding the traditional approach of the US-based bank operating in India.

Mr Madoff said of this: "JPMorgan doesn't have a chance in hell of not coming up with a big settlement. "

JPMorgan Chase &Company is coming under fire for the way it conducted an online contest to award millions of dollars to 100 charities.

A report released last Friday by JPMorgan Chase was even blunter.

In 2009, Morgan Stanley recorded its first loss in 23 years as a public company, while Goldman and JPMorgan earned large profits.

Their bonds also benefit from a captive market, points out Joyce Chang of JPMorgan.

So what was JPMorgan's hedge and how did it go wrong?

Mary Jane Rogers, a spokeswoman for JPMorgan, declined to comment on the charges.

JPMorgan has pledged to honour all of Bear's commitments, despite having had only two days for due diligence.

Strong results from JPMorgan Chase & Co and Intel Corp also bolstered analysts' optimism over the earnings season that is picking up pace.

Financing was arranged by JPMorgan Chase & Co. , the studio said in the statement.

According to JPMorgan research, the city is China's hottest property market, with prices increasing at an annual rate of 70 per cent.

So in 2005, JPMorgan sold it to Standard Chartered, which is now being forced to unwind it.

According to a report from JPMorgan, Wal-Mart leads the nation in sales, with greater than 15% share in 75 markets major markets.

Partly reflecting this difference, Chinese mainland A shares trade at a 47 per cent premium to the H shares, according to JPMorgan figures.

Goldman Sachs and JPMorgan were joint bookrunners for the deal.

"We build customised portfolios for our clients based on their appetite for risk and on JPMorgan's views of the market. "

The official deadline for the bids in the auction of Opodo, run by JPMorgan, an investment bank, was January 25th.

Apollo shares will also trade on a platform created by JPMorgan Chase.

JPMorgan Chase & Co. is the sole bookrunner for the share placing.

JPMorgan, Deutsche Bank, HSBC and Citigroup have said they are cooperating with officials.

"Most people had expected JPMorgan to do well. That was factored in already, " Lip said.

JPMorgan shares fell 3 percent Tuesday amid worries the new capital was not needed and would drag on returns.

According to late reports on Sunday, JPMorgan Chase will buy Bear for a pittance.

The banks' reporting season begins with JPMorgan Chase on Thursday.

As Michael Cavanagh, chief financial officer, says, the game is JPMorgan's to lose.

JPMorgan's results were also boosted by an unusually high $1. 3bn gain, which was driven by the buoyant conditions in capital markets.

Lewis Hagedorn, of JP Morgan in Chicago, said that the losses were significant.

In America's biggest banking failure, Washington Mutual was seized by federal regulators and its banking operations sold to JPMorgan Chase.

Other good news: JPMorgan and Goldman Sachs both plan to build new headquarters near Ground Zero.

JPMorgan also said that the settlement amount was not expected to have any material impact on earnings.

In 2008, JPMorgan has chosen coast compound recreational property as its investment target in Hainan.

That leaves Credit Suisse and JPMorgan Chase to take the grand prizes.

JPMorgan strongly denied any wrongdoing.

A decade of rapacious consolidation has made JPMorgan Chase the world's largest bank outside China.