Merrill Grows Less Optimistic on Big BanksFox BusinessThe brokerage expects Goldman Sachs, Citigroup, JPMorgan Chase and Morgan Stanley to post losses of $3 billion in its chief investment office portfolio in the current period ending in June, accordin…
IBNLive.comCiti unit lost $20 mln in Facebook IPO-sourceReutersKnight, Citadel lost $30-$35 mln in botched IPO * Firms submitted claims to Nasdaq on Monday NEW YORK May 25 (Reuters) – Citigroup Inc's Automated Trading Desk had trading losses of abo…
JPMorgan Facing 2007 'Kitchen Sink' Times Again?CNBC.comCitigroup said yesterday that investors are getting carried away selling shares of JPMorgan Chase. “A lot of investors' concerns have gotten to extreme levels,” wrote Citigroup'…
BloombergJPMorgan Veered From Hedging Practices at Competing BanksBloombergJPMorgan Chase & Co. (JPM)'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led to the bank's $2 billion loss and bu…
JPMorgan Is a 'Absolute Buy': CitigroupTheStreet.comBy Philip van Doorn 05/21/12 – 09:17 AM EDT NEW YORK (TheStreet) — Citigroup Analyst Keith Horowitz on Monday made an "Absolute Buy Call" on JPMorgan Chase (JPM), following an 18% d…
ForbesJPMorgan CEO Should Affirm If Dividend Is Safe, Citigroup SaysBusinessWeekBy Rick Green on May 21, 2012 JPMorgan Chase & Co. (JPM) (JPM) Chief Executive Officer Jamie Dimon may give investors “a better explanation” of how the bank lost $2…
US banks' earnings may fall on Europe woes – JMPReuters* Cuts JPMorgan, BofA, Citigroup to "market underperform" * Downgrades Goldman, Morgan Stanley to "market underperform" * Expects banks' share prices to suffer on Europe…
Wall Street banks curb economic growth forecasts
Reuters – 5 hours ago
WASHINGTON (Reuters) – Wall Street banks lowered their outlook for U.S. economic growth due to concerns over the European debt crisis, oil prices, regulatory uncertainties and “c…
January 6, 2012, 9:03 pm
Wall Street Is Bracing for Dismal 4th Quarter
By SUSANNE CRAIG
Wall Street banks have been buffeted by the weak American economy and the European debt crisis.
For most Wall Street bankers, 2011 was a year they would rathe…
ELIMINATING the benefits reaped by institutions that are too politically powerful and interconnected to fail has been an elusive goal in the aftermath of the credit crisis. Institutions most likely to receive assistance from the federal government if t…