Posts Tagged ‘ jp morgan ’

FPA Buys Vodafone, Intel, Checkpoint; Sells JPMorgan, WPX Energy

May 14, 2013

First Pacific Advisors (FPA), an investment management that practices value investing to generate high returns over the long-term with capital preservation, has more than $9.20 billion assets under management (AUM) based on its latest 13f filing with the Securities and Exchange Commission (SEC) for the first quarter of fiscal 2013. Its AUM for the period increased by nearly $1 billion from approximately $8.32 billion in the previous quarter. During the March quarter, FPA purchased...
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Google Inc (GOOG) Q1 Earnings: JPMorgan Expects Solid Results

By Marie Cabural

April 15, 2013

Analysts at J.P. Morgan Chase Equity Research expect Google Inc (NASDAQ:GOOG) to report solid earnings result for the first quarter of fiscal 2013. Analysts, Doug Anmuth together with Bo Nam & Kaizad Gotla said the search engine giant’s financial performance for the quarter is expected to be in line with their estimates due to rapid growth in mobile and display. Based on their SEM checks, Google Inc (NASDAQ:GOOG) experienced healthy search growth with increasing...
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Google’s Paid Search Trends Healthy In Q1: JPMorgan

By Marie Cabural

April 9, 2013

The paid search trend of Google Inc (NASDAQ:GOOG) for the first quarter is healthy, according to the analysts at JP Morgan Equity Research together with Eric Papczun, president of Performics in the U.S. and Mark Ballard, senior research analyst at RKG. JP Morgan analyst Doug Anmuth and his colleagues, said that their counterparts from Performics and RKG believed that Google Inc (NASDAQ:GOOG)’s paid search growth level will remain stable until the fourth quarter despite...
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JP Morgan And MF Global Agree Over $546M Settlement

By Aman Jain

March 20, 2013

JPMorgan Chase & Co. (NYSE:JPM) has agreed to pay $100 million to MF Global Holdings Ltd (PINK:MFGLQ) and will return $29 million in funds that it holds since MF Global declared bankruptcy in 2011, reports NewYorkTimes. Court trustee James Giddens told that as a result of this payment the investors of failed brokerage MF Global Holdings Ltd (PINK:MFGLQ) will witness a return rate of 93 percent on the dollar for their investments. The appointed trustee,...
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JPMorgan To Axe Almost 19,000 Jobs By 2014

By Marie Cabural

February 26, 2013

JPMorgan Chase & Co. (NYSE:JPM) is planning to cut its workforce by almost 19,000 employees by 2014. The move was part of the initiative of its CEO Jamie Dimon to reduce the expenses of the company. According to a report from Bloomberg, the largest bank in the United States will cut jobs in its community and mortgage businesses. As of December 2012, JPMorgan Chase & Co. (NYSE:JPM) has approximately 259,000 employees. The bank intends to...
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Citigroup Paying the Cost Of Being In the Financial Industry

By Aman Jain

January 28, 2013

Citigroup Inc. (NYSE:C) is a global diversified financial services holding company, serving consumers, corporations, governments and institutions with a broad range of financial products and services. The company has sailed through another rocky year. Citi posted a decline in revenue for the third and fourth quarter of 2012 in the continuous challenging environment. The results of the fourth quarter indicated several improvements in significant areas. This comprises increased revenues, controlled expenses, stable net interest...
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Google Inc (GOOG) Says To Analysts: Your Q4 Predictions Are Wrong

By ValueWalk Staff

January 18, 2013

Google Inc (NASDAQ:GOOG) said today, via a blog post on its investor relations page, that Wall Street’s analyst’s estimates for the company’s Q4 results are too high. This isn’t the first time Wall Street has made an error with the tech giant. In October last year, Google’s earnings were accidentally released four hours earlier due to a glitch. At the time, Google’s share price fell eight percent on the news – down to $687 from...
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Banks Agree To Pay $8.5 Billion Over Wrongful Foreclosures

By Marie Cabural

January 7, 2013

Ten leading banks including Bank of America Corp (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), and Wells Fargo & Company (NYSE:WFC) among others agreed to pay $8.5 billion to resolve the complaints filed by the federal government in connection with the wrongful foreclosures of homes. According to regulators, out of the $8.5 billion settlement, $3.5 billion will be used to pay borrowers directly, and $5.2 billion will be used for loan modifications and other assistance....
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Tribune Company Emerges From Bankruptcy

By Marie Cabural

December 31, 2012

Tribune Co. emerged from Chapter 11 bankruptcy after the second largest newspaper publisher in the United States applied for court protection four years ago. The $8.2 billion leveraged buy-out by Sam Zell weighed in. The company accumulated $12.9 billion total debt while its revenue from advertising was declining. The new owners of the Tribune Co include Oak Tree Capital Management, Angelo Gordon and Co., and JPMorgan Chase & Co. (NYSE:JPM). The investment firms acquired...
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Citigroup Beats Estimates, Takes $4.7B Write Down on MSSB

By Jacob Wolinsky

October 15, 2012

Citigroup Inc. (NYSE:C) reported 3Q operating EPS of $1.06, ex. CVA/DVA and one-timers, beating $0.97 consensus estimates. The beat was driven by stronger than expected revenues, up 3% sequentially to $19.4bn vs. $18.7bn estimates on back of better than expected capital markets revenues, at $5.6bn vs. $4.9bn estimates. The company took a $4.7 billion write-down on the Morgan Stanley (NYSE:MS) Smith Barney (MSSB) fiasco. FICC trading volume was especially strong at $3.7bn, up 31% QoQ vs. our -2% estimate....
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