JPMorgan (JPM) Posts Q1 adj.-EPS of $1.41, Topping Views

Nomura Securities Raises Price Target on JPMorgan (JPM) Following 1Q EPS Beat

April 14, 2016 9:13 AM EDT

Nomura Securities reiterates Neutral on JPMorgan (NYSE: JPM), and raised the price target to $66.00 (from $65.00), following the company's 1Q earnings report. JPM reported EPS of $1.35, handily beating the consensus estimate of $1.26. The beat was driven primarily by lower-than-expected expenses and trading results which were more... More

UBS Reiterates Buy on JPMorgan (JPM) Following Solid 1Q Results

April 14, 2016 8:37 AM EDT

UBS maintained a Buy rating and $68.00 price target on JPMorgan (NYSE: JPM) following the company's better than expected 1Q earnings report.

Analyst Brennan Hawken commented, "JPM's better than expected 1Q results, solid expense control, outlook which was better than feared, and improving clarity... More

JPMorgan cuts 5 percent of Asia wealth management jobs: source

April 13, 2016 1:43 AM EDT

By Saeed Azhar and Sumeet Chatterjee

SINGAPORE/HONG KONG (Reuters) - JPMorgan Chase & Co (NYSE: JPM) has cut 30 jobs, or 5 percent of its headcount, at its Asia wealth management business, a source with direct knowledge of the matter said, as the U.S. bank sharpens its focus on tapping wealthier clients.

The job cuts would affect the bank's Singapore and Hong Kong offices, the source said, declining to be identified because they were not authorised to speak publicly on the subject.

JPMorgan said in a statement that Edwin Lim,... More

China trade data boosts dollar, banks lead stocks higher

April 12, 2016 8:44 PM EDT

By Rodrigo Campos

NEW YORK (Reuters) - The U.S. dollar rallied and major stock markets rose on Wednesday after JPMorgan's results beat lowered expectations and upbeat Chinese trade data offered hope Asia's biggest economy is stabilizing.

Wall Street gained after JPMorgan Chase's (NYSE: JPM) first quarter earnings fell nearly 7 percent but beat expectations. The S&P 500 financial sector gained more than 2 percent, helping boost major averages.

"It's a positive that (JPMorgan) earnings were well received," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.... More