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UPDATE: JP Morgan Raises Yum Brands PT on Closure of Shanghai FDA Investigation
Tuesday, March 12, 2013 - 9:35am | 151In a report published Tuesday, JP Morgan maintained its Overweight rating on Yum! Brands Inc. (NYSE: YUM) and raised its price target from $65 to $67. JP Morgan wrote, "Yum reported China monthly comps of +2% in February vs. the -13% implied by negative 25% 1Q guidance and our estimate. February...
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JP Morgan Reiterates Nike at Overweight Rating on Dick's Sporting Goods Expansion
Tuesday, March 12, 2013 - 9:28am | 111JP Morgan published a report Tuesday that reiterated an Overweight rating on Nike (NYSE: NKE) and a price target of $64. In the report, JP Morgan commented, "Dick's (one of NKE's key partners) raised its long-term store saturation target to “over 1,100 stores” from 900 previously on its 4Q call....
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Is The Banking System Any Safer? JPMorgan Chase CEO Jamie Dimon Weighs In
Monday, September 12, 2011 - 9:48am | 304Or are we worse off than we were before? Jamie Dimon, the CEO of JPMorgan Chase & Co. (NYSE: JPM), shared his thoughts with FT.com this week. “SIVs [structured investment vehicles] are gone, repos [repurchase agreements] are more conservative, mortgage underwriting is more conservative, CDOs...
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J.P. Morgan Reports 10.2% Stake in Gannett
Tuesday, May 11, 2010 - 4:35pm | 101J.P. Morgan Chase & Co. (NYSE: JPM) reported late Tuesday that they have increased their stake in troubled publisher of USA Today, Gannett (NYSE: GCI), to 10.2%. The bank-holding company is Gannett’s largest stockholder with 24.3 million shares under control. Previous disclosures put JPM with...
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J.P. Morgan Reports 10.2% Stake in Gannett
Tuesday, May 11, 2010 - 4:35pm | 101J.P. Morgan Chase & Co. (NYSE: JPM) reported late Tuesday that they have increased their stake in troubled publisher of USA Today, Gannett (NYSE: GCI), to 10.2%. The bank-holding company is Gannett’s largest stockholder with 24.3 million shares under control. Previous disclosures put JPM with...
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J.P. Morgan Raises Estimates for DISH Network
Tuesday, May 11, 2010 - 9:46am | 179J.P. Morgan (NYSE: JPM) raised its 2010 EPS estimates for DISH Network Corp. (NASDAQ: DISH) higher this morning by $0.13 to $1.99, driven by better top-line and margin trends. Analysts said that their forecast “reflects lower expectations for gross additions, more than offset by strong improvement...
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J.P. Morgan Raises Estimates for DISH Network
Tuesday, May 11, 2010 - 9:46am | 147J.P. Morgan (NYSE: JPM) raised its 2010 EPS estimates for DISH Network Corp. (NASDAQ: DISH) higher this morning by $0.13 to $1.99, driven by better top-line and margin trends. Analysts said that their forecast “reflects lower expectations for gross additions, more than offset by strong improvement...
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JPMorgan Chase (JPM) May Buy RBS Sempra Commodities
Monday, February 15, 2010 - 9:35pm | 89Bloomberg reports that JPMorgan Chase & Co. (NYSE: JPM) has nearly completed a deal to buy the non U.S. business operations of RBS Sempra Commodities LLP for $1.7 billion. RBS is 84% government owned and the European Union ordered it to sell its 51% of BS Sempra Commodities before it would be...
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Financial Stocks Fall (C) (JPM) (AXP) (BAC)
Monday, February 8, 2010 - 5:57pm | 138Share prices of financial stocks took a beating on Monday as fears about interest rate policy and the condition of the global economy took their toll on investor confidence. Financial firms across the board had down days with firms like Citigroup, Inc. (NYSE: C) falling over 2%, JPMorgan Chase...
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Bank of America Corporation (BAC) To Pay $4 Billion In Bonuses
Wednesday, February 3, 2010 - 4:52pm | 216Employees of Bank of America Corporation's (NYSE: BAC) investment bank and Global Markets unit are set to receive over 4$ billion in bonus pay for 2009, according to a person familiar with the situation. Financial institutions such as Bank of America, JPMorgan Chase & Co. (NYSE: JPM), American...
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Teekay Corporation Rises Following Analyst Upgrade
Monday, January 25, 2010 - 4:37pm | 102Shares of Teekay Corporation (NYSE: TK), which just last week was upgraded by JPMorgan Chase & Co. (NYSE: JPM) from Underweight to Neutral, are up over 6% today. JPMorgan Chase & Co. increased the price target from $26 to $32 and the stock has traded as high as $25.37 today. Teekay...
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Financials Lead Strong Market Opening
Monday, January 25, 2010 - 11:05am | 166The U.S. stock market opened higher on the back of positive earnings reports and news that Greece should raise much needed funds. The materials and financial sectors led the way for a rising Standard & Poor's 500-share index (Nasdaq: SPX). After worries about the effects of proposed banking...