For the first time in over two years, and only the fifth time in a decade, JPMorgan Chase & Co. (NYSE: JPM) missed earnings forecasts when it posted first-quarter 2014 results Friday.
Investors were prepared for a slip in earnings compared with Q1 of 2013. In February, JPM cautioned trading revenue was weak. The warning was especially troubling because the first quarter is traditionally a strong one.But Q1 of 2014 wasn't just weak - it was JPM's worst quarter since 2008, during the depths of financial crisis...
Top Stock Market News Today: How China Is Beating Up on Bitcoin
Stock market news today, April 11, 2014: The Nasdaq fell 129 points to finish Thursday at 4,054.11, its worst one-day drop since 2011 as investors ditched biotech, Internet, and other high-growth stocks. The CBOE Volatility Index (VIX) surged 17%, its largest one-day jump since late January.
The Dow Jones Industrial Average plummeted 267 points to finish at 16,169.90, while the S&P 500 dropped 39 points yesterday to 1,833.09.Here's the stock market news for today...
Earnings Reports Calendar: 5 to Watch This Week
The earnings reports calendar is getting crowded as some big names deliver numbers this week - and investors will get to see if a harsh winter hurt Q1 results this season.
S&P 500 companies' Q1 earnings are forecast to have fallen 1.4% year over year, according to data from FactSet. That's down sharply from the start of the year, when profit growth was projected to rise 4.5%.To continue reading, please click here...
Stock Market Today: New Rules for Big Banks
Stock market news today, April 9, 2014: The Dow Jones Industrial Average rose 10 points yesterday to finish at 16,256. The Nasdaq increased 33 points to finish at 4,112, while the S&P 500 added 6 points to end the day at 1,851.
Today, the FOMC will release minutes from its March meeting. Investors are seeking clues on when Fed Chair Janet Yellen and the central bank will exercise an increase in interest rates.Here are the five things to know to make your day profitable:
Dow Jones Industrial Average Today Erases Monday's Losses – Here's Your Recap
At today's closing bell, the Dow Jones Industrial Average rose 91.19 points to finish at 16,367.88. The Nasdaq increased 7.88 points to finish at 4,234.27, while the S&P 500 hit an intraday all-time high before falling to close at 1,865.62.
Here's a recap of other major events today:To continue reading, please click here...
Post-Market Report: Dow Jones Industrial Average Soars on Philly Fed Manufacturing News
The markets roared today after the Philadelphia Federal Reserve announced better than expected news in its area manufacturing figures.
At the closing bell, the Dow Jones Industrial Average rose 108.88 points to finish at 16,331.05. The Nasdaq increased 11.68 points to finish at 4,319.29, while the S&P 500 added 11.24 points to close at 1,872.01.To continue reading, please click here...
Don't Believe the Headlines – Big Banks Are Still Screwing You
When it comes to big banks' bad behavior and the fines they pay to settle "allegations" - which are actually civil charges and which would be criminal charges if applied to any other business or in any parallel universe - things aren't even close to what they seem.
Sure the headlines scream victory, at least monetary victory, for some ripped-off consumers, some hard-charging regulators, and our vaunted (NOT) Justice Department.To continue reading, please click here...
Today's Stock Market News and Earnings Calendar
Today's stock market news, Feb. 11, 2014:To continue reading, please click here...
U.S. stocks were flat on Monday, as investors anxiously await today's testimony from Federal Reserve Chair Janet Yellen. A copy of Yellen's prepared testimony before the House of Representatives was released at 8:30 a.m.
Yellen will testify before U.S. lawmakers at 10 a.m. The Fed Chair is neither expected to waver on her commitment to taper the central bank's Quantitative Easing program, nor make any off-the-cuff remarks that would signal near-term rate changes.
CHART: The Ridiculous Amount of Money Big Banks Spend in Settlement Costs
The amount of money big banks have spent on settlements in just the last four years will blow your mind - and these totals are about to get higher.
In December, U.S. Attorney General Eric Holder told Reuters the Justice Department plans on bringing civil mortgage fraud cases against "several financial institutions" sometime in early 2014.To continue reading, please click here...
Tap Into a $67 Billion Market by Investing in Cybersecurity Stocks
The growing threat of cyber attacks is corporations' biggest concern in 2014 - but it could also be your biggest profit opportunity.
Even when broader markets fell in January, cybersecurity stocks delivered double-digit gains. FireEye Inc. (Nasdaq: FEYE) surged a whopping 67%, KEYW Holding Corp. (Nasdaq: KEYW) climbed 19%, and Imperva Inc. (NYSE: IMPV) rose 14% in the year's first month.To continue reading, please click here...
- Big Bank Earnings Is One of the Most Significant Events of 2014 – And It Could Bring You a Fortune The Big Banks reporting earnings this week will be one of the most significant events of 2014. In the big picture, how the banks fare and what their future prospects are could single-handily determine the trajectory and breadth of the recovery we've been hoping for. Even more importantly, their "financials" could have major implications for your money...
- JPMorgan (NYSE: JPM) Stock Price Up Today After Earnings It hasn't been an easy year for JPMorgan: There was the London Whale scandal, which cost the Big Bank more than $6.2 billion. Fallout from the mortgage crisis brought a $13 billion fine. And just recently JPM had to shell out another $2 billion in fines for its role in the Bernie Madoff scheme. So earnings had to be awful, right? Not exactly. Somehow, CEO Jamie Dimon pulled another rabbit out of his hat...
- Who Uses Bitcoin Is Suddenly a Big Deal to These Businesses Every day it seems another big merchant is announcing that it will take Bitcoin. Last week, online retailer Overstock.com joined the growing list. But the rising interest among businesses in Bitcoin is not as puzzling as it seems. The typical Bitcoin user fits a profile that business owners find very enticing. This is what has merchants scrambling to adopt Bitcoin....
Palo Alto Networks (NYSE: PANW) Stock Latest to Jump After Major Cyber Deal
Proving again that bigger is better in the fight against global cyber-attacks, another sizable cyber deal was inked late Monday.
Santa Clara, Calif.-headquartered Palo Alto Networks Inc. (NYSE: PANW) acquired Silicon Valley startup Morta Security, described as "operating in stealth mode since 2012." Financial terms of the transaction were not disclosed.
PANW stock rose 3.7% Tuesday on the news.To continue reading, please click here...
The Tragic Truth Behind the $13 Billion JPMorgan "Fine"
Let's address two tragedies today.
The first is how Jamie Dimon & Co. and all the guilty big banks get away with murder.
The second is something I want to share with you because 50 years ago today, President John Fitzgerald Kennedy was assassinated. It isn't a conspiracy theory about who did it, but a likely theory about what happened and the conspiracy to cover that up.To continue reading, please click here...