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It is the third major lender in the last two weeks to freeze foreclosures in the 23 states where the process is controlled by courts. But Bank of America went further than the first two lenders, GMAC Mortgage and JPMorgan Chase, which have said they will amend paperwork only in cases they think were improperly [...]
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The online sites for Chase retail banking and credit card transactions are down due to technical problems, a spokesman for JPMorgan Chase & Co. confirmed this morning. The problem began overnight, and the company is working to fix it, said spokesman Tom Kelly. The bank urges customers to conduct their transactions at a branch or [...]
For the three months that ended June 30, analysts, on average, forecast Morgan Stanley to report earnings of 46 cents a share, according to data from Thomson Reuters. In the year-ago period, the investment bank had a loss of $1.10 a share. Morgan Stanley (MS) is expected to swing back to profitability in the 2Q [...]
JPMorgan Chase (JPM) is due to report Q2 results in the pre-market session on Thursday, July 15. The average estimate from analysts polled by Thomson Reuters is for sales of $25.6 billion and earnings of $0.70 per share.
After powering ahead for the last year on the strength of its Wall Street trading operations, JPMorgan Chase said its net income rose about 77%, to $4.8 billion, from $2.7 billion during the comparable period a year earlier. Earnings rose to $1.09 a share, from 28 cents. Revenue declined to $25.6 billion, in the second [...]
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