JPMorgan Chase

JPMorgan's outlook for 2020: More pain ahead

04/14/20

Though hopeful for a second-half bounceback in the economy, JPMorgan Chase is prepared for 20% unemployment, lackluster GDP and losses in its loan portfolio that could reach tens of billions of dollars.

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JPMorgan Chase profits plunge 69% on coronavirus fallout

04/14/20

The nation's largest bank set aside nearly $8.3 billion for bad loans, more than double what some analysts had expected.

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JPMorgan profits drop; Earnings may decide dividend payouts' fate

04/14/20

Bank’s earnings fall 69% in the first quarter; this week’s earnings reports could determine whether banks will need to suspend dividends.

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Coronavirus forcing banks to retool summer internships

04/13/20

Reluctant to cancel what have become pipelines for developing talent, banks are delaying start dates or moving programs entirely online.

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Fed may give Wells breathing room; Dimon says not yet to dividend halt

04/07/20

Parties talking about a temporary lift of Wells' asset cap; GDP would have to drop an “unlikely” 35% in Q2 before JPMorgan would be forced to stop payouts.

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Banks' digital outreach efforts amid coronavirus crisis fall short

04/06/20

Few lenders are finding creative ways to provide much-needed financial advice and emergency services online.

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Jamie Dimon sees ‘bad recession’ and echoes of 2008 crisis ahead

04/06/20

The only current CEO who steered a major U.S. bank through the financial crisis, Dimon said JPMorgan’s earnings will be “down meaningfully” this year as a result of the coronavirus pandemic.

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Confusion, inconsistency mar rollout of small-business loan program

04/03/20

Banks, under pressure to act hastily, began taking applications for government aid to small businesses hit hard by the coronavirus outbreak. But narrow eligibility rules at some banks angered business owners and lawmakers.

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Dimon returns to work; Fannie, Freddie may need bailout if lockdown persists

04/03/20

The CEO says he is getting stronger and working remotely; if the lockdown lasts several months, the GSEs may need a bailout, FHFA head Mark Calabria says.

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Banks tighten lending to nervous homeowners hoping to tap equity

04/02/20

The worsening economy brought on by the coronavirus pandemic has big banks rethinking who they will lend to.

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