Posts Tagged “Jpm”

webmaster@technorati.com wrote an interesting post today on
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Inthemoneystocks.com (blog)

Banks Stuck With Bill for Bad LoansNew York TimesRichard Drew/Associated Press The big banks Citigroup, Wells Fargo, Bank of America and JPMorgan Chase have taken losses of $9.8 billion on mortgage loans. …Goldman Sachs Cuts Big Bank Targets & Estimates (GS, BAC, C, JPM, MS, PNC, USB … 24/7 Wall St. (blog)all 29 news articles »

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News Sources wrote an interesting post today on
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Citigroup, Redwood May Restart Mortgage-Bond MarketBloombergApril 21 (Bloomberg) — Citigroup Inc. is attempting to sell securities backed by 255 new mortgages, the first such …Citigroup Seeks to End 2-Year Mortgage-Bond Drought BusinessWeekRedwood Trust To Issue Mortgage-Backed Securities (FNM, C, JPM) Benzingaall 5 news articles »

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webmaster@technorati.com wrote an interesting post today on
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JPMorgan Chase & Co. (JPM) said Tuesday it will hire a total of 1,200 new mortgage loan officers through the end of 2010 across the nation as the bank continues to work through waves of mortgage refinancings and a housing market on the mend.

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News Sources wrote an interesting post today on
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Looking at Q2 to Q3: Investment Banking -38%, Asset Management -6%, Trading and Principal Investments -7%. So where did they make this record profit you ask? Their FICC, or Fixed Income, Currency and Commodities unit generated all the profits, paper profits that is. Let’s break it down from their press release: Net revenues in FICC were $5.99 billion, significantly higher than the third quarter of 2008. These results reflected strong performances in credit products and mortgages, which were si

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News Sources wrote an interesting post today on
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JPMorgan Chase (JPM), the first of the big U.S. banks to report third-quarter earnings, says its loan losses are still high and are expected to remain that way for the foreseeable future, a troubling sign for the economy.

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