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JPMorgan Chase & Co. Tumbles 4 Percent as Deutsche Bank Slashes Forecast
JPMorgan Chase & Co. (JPM: sentiment, chart, options) is weighing heavy on the Dow Jones Industrial Average today, with the bank down 4% following a bearish note from Deutsche Bank...( Read More )

Ahead of the Bell: Analyst cuts JPMorgan estimates
Deutsche Bank analyst Mike Mayo late Sunday cut his 2009 profit estimate on JPMorgan Chase & Co., forecasting higher loan losses across a number of portfolios.

Dubai Developer Says Options Include I.P.O.
The developer of palm-shaped islands off Dubai’s coast said Sunday it is considering selling shares to the public, but didn’t say how soon. Nakheel made the comments in response to questions about a published report that it is working with investment bank JPMorgan Chase on a plan to possibly float its shares in London and Dubai later this year.

Wachovia equity executive leaving
A high-ranking executive in Wachovia Corp.'s corporate and investment banking unit, now part of Wells Fargo & Co., is leaving to start a hedge fund, a source familiar with the situation said. Quinten Stevens, head of the bank's equity division, was a high-profile hire from JPMorgan Chase in 2005. The bank confirmed his departure today but declined further comment. Stevens, who was based in ...

Bank loan losses may double by 2010-end: Deutsche
Loan losses for U.S. commercial banks are expected to rise to 3 percent by the end of 2010, from 1.5 percent in the third quarter of 2008, hurt by an increased percentage of bad loans, greater consumer leverage and faster problem recognition by banks, Deutsche Bank said.

U.S. Stocks Retreat on Earnings Concern; AT&T, JPMorgan Decline
Jan. 5 (Bloomberg) -- U.S. stocks fell for the first time in four days on concern that a slump in corporate profits will stretch into 2009, overshadowing speculation the government will revive the economy with tax cuts.

U.S. Stocks Retreat on Earnings Concern; AT&T, JPMorgan Decline
Jan. 5 (Bloomberg) -- U.S. stocks fell for the first time in four days as concern that a slump in corporate profits will stretch into 2009 overshadowed speculation the government will revive the economy with tax cuts.