(CNN Money) — JPMorgan Chase said it earned $4.8 billion during the second quarter on Thursday, helped by strong performance across its different businesses and a decline in loan loss reserves. On a per share basis, the company said it earned $1.09 a share, excluding the impact of a benefit tied to a reduction in loan […]
(CNN Money) —Where are the real opportunities for growth on Wall Street? Try China. The biggest financial firms haven’t tried to hide their ongoing ambitions to grow in the world’s fastest-growing economy. Earlier this month, JPMorgan Chase (JPM, Fortune 500) struck a joint venture deal with China’s First Capital Securities to underwrite stocks of domestic firms. […]
(Fortune) — If there was one bank that managed to emerge from the financial crisis unscathed, it was J.P. Morgan Chase. Led by CEO Jamie Dimon, the massive financial services company never posted a quarterly loss during the downturn. Read More…
(HuffingtonPost.com) — Federal regulators are opposing a proposed $1.4 billion tax refund for JPMorgan Chase & Co. The tax benefit has become an issue a year and a half after the Wall Street titan galloped in to buy the assets of Washington Mutual Inc. when it collapsed under bad mortgage loans and became the biggest bank […]
The expired firm used an accounting maneuver to inflate its financial strength.