JPMorgan Chase Receives No Objection to its 2013 Capital Plan Resubmission
This week: Boeing fair value climbs, J.P. Morgan pays out again, Best Buy takes the brunt of retail holiday woes, and more.
UPDATE: J.P. Morgan mortgage relief is little and late
Lawmakers shouldn’t risk a default on U.S. debt because the impact would be devastating and the full extent of the damage isn’t knowable in advance, said Jamie Dimon of JPMorgan Chase & Co.
Five stats from the market and the stories behind them. This week: $3 trillion in stimulus (but how much more?), a $1 billion question mark at Yahoo, more.
More than 150 chief executive officers, including JPMorgan Chase & Co.'s Jamie Dimon and Goldman Sachs Group Inc.'s Lloyd Blankfein, called on President Barack Obama and House Speaker John Boehner to compromise on a budget deal that would include new tax revenue and spending cuts.
Regulators and banks should develop a system allowing lenders to go bust without damaging the world economy to help restore public trust in the industry, JPMorgan Chase CEO Jamie Dimon said.
The market was a selective shopper this week, latching onto the notion of more stimulus, but hesitating to buy into the Spanish bank bailout and cutbacks at Nokia.
Some high-profile exits in international and corporate news are worth checking into, says Morningstar markets editor Jeremy Glaser.
Leadership changes and litigation risk should not scare investors away from financials, as quarterly results show that several names are currently a fairly good deal, says Morningstar's Jim Sinegal.