NYSE: JPM

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.

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:

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.

To continue reading, please click here...

CHART: The Ridiculous Amount of Money Big Banks Spend in Settlement Costs

Fight

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

cybersecurity

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

Tall buildings

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

Dimon

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

geek

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

cybersecurity

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...

How I Know JPMorgan (NYSE: JPM) Was Complicit in the Biggest Ponzi Scheme Ever

Yesterday JPMorgan was ordered to pay yet another fine to atone for its bad behavior, this time for its role as an enabler of Ponzi scheme master Bernie Madoff. Since 2009, JPMorgan has paid more than $30 billion in fines for various misdeeds. That kind of consistent misbehavior is no accident.

Some might even call it criminal...

The Tragic Truth Behind the $13 Billion JPMorgan "Fine"

JP Morgan

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...

The JPMorgan Settlement: $7 Billion Is Tax Deductible

JP Morgan

JPMorgan has become the poster child for the excesses of Wall Street. So when the government managed to extract a $13 billion settlement from the Too Big to Fail bank over transgressions related to the kind of mortgage-backed securities that helped cause the 2008 financial crisis, it appeared that finally some justice had been done.

But now we find out that JPMorgan still has an ace up its sleeve...

$13 Billion in Fines Add to Long List of JPMorgan Settlements (NYSE: JPM)

This week, JPMorgan Chase & Co. (NYSE: JPM) agreed to a tentative $13 billion settlement over a government investigation into faulty mortgage loans the company sold to investors.

What most investors don't realize is that the company has been involved in 10 other settlements in the last two and a half years. Here's a rundown of JPMorgan's bad behavior since 2011.

To continue reading, please click here...

Today's Stock Market News: JPM, NFLX, FSLR, AAPL

Today's stock market news focuses on earnings and the release of a backlog of economic data that was delayed due to the federal government shutdown.

The S&P 500 is down about 0.03% at 1,744 points, and the Dow Jones Industrial Average is down 0.07% at 15,389 points. The Nasdaq Composite Index is up 0.17% at 3,920.

To continue reading, please click here...

Big Bank Earnings Today: Wells Fargo (NYSE: WFC) and JPMorgan (NYSE: JPM)

Road sign split Q

Two of the largest U.S. financial institutions kicked off third-quarter results for big bank earnings today, giving us a peek at how they fared amid tough times for both firms.

Wells Fargo & Co (NYSE: WFC) is in the midst of slashing headcount in its mortgage unit by some 1,800, and JPMorgan Chase & Co (NYSE: JPM) is tangled up in settlement talks with the U.S. Justice Department.

The short story on the banks' earnings: WFC earnings had to use a lot of "accounting gimmickry" to beat earnings-per-share (EPS) expectations, and JPM earnings show the first quarterly loss since Jamie Dimon came on board (he started in 2004 as chief operating officer, then moved to chief executive officer in 2005).

To continue reading click here...

© 2015 Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201, Email: customerservice@MoneyMorning.com