Investing@jcutrer.com

Wednesday December 3rd 2008

JPMorgan Chase & Co. (NYSE:JPM)


 Ford Seeks $6 Billion for Volvo, Retains JPMorgan, People Say Wednesday, 3 December 2008, 6:33 pm

Ford Seeks $6 Billion for Volvo, Retains JPMorgan, People Say
Bloomberg - 1 hour ago
By Ambereen Choudhury and Chris ReiterDec. 4 (Bloomberg) -- Ford Motor Co. is seeking to sell Volvo for as much as $6 billion, close to what it paid for the Swedish carmaker 10 years ago, and is ...

Source: News for JPMorgan Chase & Co. - Google Finance News for JPMorgan Chase & Co. - Google Finance |

 JPMorgan Trumps Goldman in Banking Customer Survey (Update1) Wednesday, 3 December 2008, 12:11 pm

JPMorgan Trumps Goldman in Banking Customer Survey (Update1)
Bloomberg - 7 hours ago
By Elizabeth HesterDec. 3 (Bloomberg) -- JPMorgan Chase & Co., the largest US bank by assets, won the highest ranking in nine US capital- market and investment-banking categories, besting Goldman ...
JPMorgan Tops Greenwich Associates Survey Among 9 Large US Banks - Gant Daily

Source: News for JPMorgan Chase & Co. - Google Finance News for JPMorgan Chase & Co. - Google Finance |

 Goldman, Morgan Stanley Will Post Quarterly Loss, JPMorgan Says Wednesday, 3 December 2008, 11:55 am

Goldman, Morgan Stanley Will Post Quarterly Loss, JPMorgan Says
Bloomberg - 7 hours ago
By Michael PattersonDec. 3 (Bloomberg) -- Morgan Stanley and Goldman Sachs Group Inc., the US securities firms that converted to bank holding companies in September, will report fourth-quarter ...
Ahead of the Bell: Investment Banks - MSN Money
Analyst says Goldman, Morgan Stanley face fourth-quarter losses - Asbury Park Press
CanadianBusiness.com

Source: News for JPMorgan Chase & Co. - Google Finance News for JPMorgan Chase & Co. - Google Finance |

 Mexico's Ixe, JPMorgan Finalize Talks On Credit-Card Venture Wednesday, 3 December 2008, 11:42 am

Mexico's Ixe, JPMorgan Finalize Talks On Credit-Card Venture
CNNMoney.com - 8 hours ago
MEXICO CITY -(Dow Jones)- Mexican banking group Ixe Grupo Financiero SA ( IXEGF.MX) has successfully closed final negotiations with a unit of JPMorgan Chase & Co. (JPM) to establish a joint credit ...

Source: News for JPMorgan Chase & Co. - Google Finance News for JPMorgan Chase & Co. - Google Finance |

 Wall Street News Alert: Wednesday's Breaking News Alert - WWEI! December 3, 2008 Wednesday, 3 December 2008, 8:05 am

Wall Street News Alert: Wednesday's Breaking News Alert - WWEI! December 3, 2008
Market Wire (press release) - 11 hours ago
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.WESTON, FL--(Marketwire - December 3, 2008) - Wall Street News Alert's "stocks to watch" this ...
SOURCE: Wall Street News Alert - eMediaWorld.com Newswire Press Release Distribution Service (press release)

Source: News for JPMorgan Chase & Co. - Google Finance News for JPMorgan Chase & Co. - Google Finance |

 Ahead of the Bell: Regional Banks Wednesday, 3 December 2008, 7:15 am

Ahead of the Bell: Regional Banks
MSN Money - 12 hours ago
NEW YORK (AP) - Credit losses at regional banks will probably grow until late 2009, a JPMorgan Chase & Co. analyst said Wednesday as he slashed his estimates for the group.Analyst Steven ...
Analyst: Regional banks credit losses expected to grow - Knoxville News Sentinel
Analyst says peak credit losses at regional banks unlikely until late 2009, slashes estimates - CanadianBusiness.com

Source: News for JPMorgan Chase & Co. - Google Finance News for JPMorgan Chase & Co. - Google Finance |

 NBB wins JPMorgan service quality award for a record 8th consecutive year Wednesday, 3 December 2008, 5:16 am

NBB wins JPMorgan service quality award for a record 8th consecutive year
Zawya (press release) - 14 hours ago
Mr. Ali Moosa Hussain, Senior Country Officer, Treasury Services & Area Manager Middle East & North Africa of JPMorgan Chase Bank (second from left) presents the JPMorgan Chase 2007 Quality ...

Source: News for JPMorgan Chase & Co. - Google Finance News for JPMorgan Chase & Co. - Google Finance |

 JPMorgan Chase raises holdings in China Shenhua Wednesday, 3 December 2008, 4:08 am

JPMorgan Chase raises holdings in China Shenhua
Alibaba News Channel - 15 hours ago
Dec. 3, 2008 (China Knowledge) - US-based financial holding company JPMorgan Chase & Co has raised its shareholding in China Shenhua Energy Co Ltd<601088><1088> to 10.08% from 9.97% on Nov. 25 ...

Source: News for JPMorgan Chase & Co. - Google Finance News for JPMorgan Chase & Co. - Google Finance |

 Japan May Set Overseas Takeover Record, JPMorgan Says (Update1) Tuesday, 2 December 2008, 9:09 pm

Japan May Set Overseas Takeover Record, JPMorgan Says (Update1)
Bloomberg - 22 hours ago
By Takahiko HyugaDec. 3 (Bloomberg) -- Japanese companies may set a record for foreign takeovers and investment next year as they scramble to boost shareholder value after a 48 percent plunge in ...

Source: News for JPMorgan Chase & Co. - Google Finance News for JPMorgan Chase & Co. - Google Finance |

 JP Morgan China JV wins approval to issue new stock fund Tuesday, 2 December 2008, 6:18 pm

JP Morgan China JV wins approval to issue new stock fund
Forbes - Dec 3, 2008
BEIJING (XFN-ASIA) - China International Fund Management Co Ltd, a JPMorgan Chase fund joint venture, said it has received approval to issue a new stock fund.The fund is authorized to invest up ...

Source: News for JPMorgan Chase & Co. - Google Finance News for JPMorgan Chase & Co. - Google Finance |

 [$$] Capital One to Acquire Chevy Chase Bank (at The Wall Street Journal Online) Wednesday, 3 December 2008, 7:37 pm

 [$$] J.P. Morgan Seizes Fund's Collateral (at The Wall Street Journal Online) Wednesday, 3 December 2008, 7:36 pm

 [$$] Homeowners' Refinancing Jumps by Record Pace (at The Wall Street Journal Online) Wednesday, 3 December 2008, 7:32 pm

 UPDATE - Capital One to buy Chevy Chase -WSJ (at Reuters) Wednesday, 3 December 2008, 7:01 pm

 Cramer's 'Mad Money' Recap: Let the Deals Begin (at TheStreet.com) Wednesday, 3 December 2008, 6:58 pm

 [video] Cramer's Outrage (at CNBC) Wednesday, 3 December 2008, 5:30 pm

 Final Glance: Finance companies (AP) Wednesday, 3 December 2008, 4:55 pm

 [video] Fuld Was Not Alone (at TheStreet.com) Wednesday, 3 December 2008, 4:15 pm

 Volatility Only Constant for Stocks (at The Wall Street Journal Online) Wednesday, 3 December 2008, 4:13 pm

ADP Report Rattles Stocks Data that solidified expectations for a grim employment report later this week pressured the stock market, which suffered a broad-based decline. Data: Overview | Treasurys | Crude | Gold

Source: Yahoo! Finance: JPM News Yahoo! Finance: JPM News |

 Citibank Tops Bank Website Rankings for Second Straight Year (at Seeking Alpha) Wednesday, 3 December 2008, 3:54 pm

 New Issue-JP Morgan Chase adds $350 mln in 2-yr floaters (at Reuters) Wednesday, 3 December 2008, 3:50 pm

 Comerci wins Mexico City Christmas voucher contract (at Reuters) Wednesday, 3 December 2008, 3:37 pm

 GAO to Paulson: Get Your TARP in Order (at Motley Fool) Wednesday, 3 December 2008, 2:19 pm

 Midday Glance: Finance companies (AP) Wednesday, 3 December 2008, 1:23 pm

 EDF offers $6.5 billion for Constellation assets (Reuters) Wednesday, 3 December 2008, 1:10 pm

French power company EDF unveiled a plan to pay as much as $6.5 billion for 50 percent of Constellation Energy Group Inc's nuclear business and other assets in an attempt to torpedo a rival offer from investor Warren Buffett.

Source: Yahoo! Finance: JPM News Yahoo! Finance: JPM News |

 The Bell Tolls for Private Equity: Carlyle Cuts 10% of Staff (at The Wall Street Journal Online) Wednesday, 3 December 2008, 12:40 pm

 Housing Undervalued? Bah, Hah, Hah, Hah! (at Forbes.com) Wednesday, 3 December 2008, 12:30 pm

 [video] Cramer: Goldman Was Unprepared (at TheStreet.com) Wednesday, 3 December 2008, 12:29 pm

 Exxon's Amazing Stat: Market Cap Of $400 Billion (at CNBC) Wednesday, 3 December 2008, 12:28 pm

 Home Foreclosures Continue, Despite Bank's 'Freeze' (at BusinessWeek) Wednesday, 3 December 2008, 11:57 am

 Market Snapshot: U.S. stocks end higher for second day on mortgage hopes Wednesday, 3 December 2008, 3:50 pm

Stocks surge as data showing a large surge in mortgage refinancings bolsters shares of financial and consumer discretionary companies.

Source: MarketWatch.com - All MarketWatch News - JPM MarketWatch.com - All MarketWatch News - JPM |

 Mexico's Ixe, J.P. Morgan finalize talks on credit-card venture Wednesday, 3 December 2008, 12:29 pm

MEXICO CITY (MarketWatch) -- Mexican banking group Ixe Grupo Financiero SA (IXEGF.MX) has successfully closed final negotiations with a unit of JPMorgan Chase & Co. to establish a joint credit-card venture in Mexico. In a filing Tuesday with the Mexican Stock Exchange, Ixe said the joint venture, Ixe Tarjetas SA, will operate as a multiple-purpose non-bank finance company. In October, Ixe had said that each partner would contribute MXN500 million in capital to the venture.

Source: MarketWatch.com - All MarketWatch News - JPM MarketWatch.com - All MarketWatch News - JPM |

 Audio: Challenger: Layoffs broader than what we saw after 9/11 Wednesday, 3 December 2008, 11:21 am

Layoff announcements were "a daily occurrence" in November, says John Challenger of Challenger, Gray & Christmas, and that's borne out in the latest tally from the outplacement firm - the largest in nearly 7 years. Layoffs were almost 150 percent higher than we saw in November a year ago, and "this is getting more and more broadbased," with cuts in retail and technology adding to layoffs in the already troubled financial and housing industry.

Source: MarketWatch.com - All MarketWatch News - JPM MarketWatch.com - All MarketWatch News - JPM |

 The Technical Indicator: S&P hesitates at the October low Wednesday, 3 December 2008, 8:59 am

Wednesday's analysis

Source: MarketWatch.com - All MarketWatch News - JPM MarketWatch.com - All MarketWatch News - JPM |

 UAL plans to sell $200 million in additional common stock Tuesday, 2 December 2008, 6:16 am

NEW YORK (MarketWatch) -- UAL Corp. , parent company to United Airlines, intends to sell up to $200 million in additional common stock, according to a Securities and Exchange Commission filing made Monday. Sales of shares will be made from time to time through J.P. Morgan and Morgan Stanley , the company said. The Chicago-based carrier said it would use the proceeds for general corporate purposes, possibly including the repayment of some debt, financing of capital expenditures, or funding of potential acquisitions or other business transactions. Shares of UAL plunged 20.5% on Monday to close at $8.94.

Source: MarketWatch.com - All MarketWatch News - JPM MarketWatch.com - All MarketWatch News - JPM |

 David Weidner's Writing on the Wall: Obama is palling around with the wrong kind again Monday, 1 December 2008, 11:01 pm

President-elect Barack Obama, like every candidate seeking to oust a ruling party, has campaigned on a platform of change. And now runs the risk of failing to deliver the goods. Just take a look at his roster of advisers, says David Weidner.

Source: MarketWatch.com - All MarketWatch News - JPM MarketWatch.com - All MarketWatch News - JPM |

 Market Snapshot: Dow slides 680 points on gloomy global economy Monday, 1 December 2008, 3:42 pm

Energy and financial stocks pace a sharp drop in U.S. equity prices, as economic reports from around the world compound anxiety about a global recession.

Source: MarketWatch.com - All MarketWatch News - JPM MarketWatch.com - All MarketWatch News - JPM |

 J.P. Morgan to cut 3,400 WaMu jobs in Seattle: report Monday, 1 December 2008, 1:54 pm

SAN FRANCISCO (MarketWatch) -- J.P. Morgan Chase & Co. will cut 3,400 jobs at Washington Mutual's banking operations in Seattle, The Seattle Post-Intelligencer reported Monday on its Web site. About 1,500 jobs will be cut by the end of January, with another 1,900 employees staying on in transition jobs that will be cut over 2009, the newspaper said. On Friday, pending jobs cuts at WaMu were reported, but specific numbers were not available.

Source: MarketWatch.com - All MarketWatch News - JPM MarketWatch.com - All MarketWatch News - JPM |

 J.P. Morgan to cut 3,400 WaMu jobs in Seattle: report Monday, 1 December 2008, 1:46 pm

 J.P. Morgan plans to cut WaMu office jobs: report Friday, 28 November 2008, 12:57 pm

SAN FRANCISCO (MarketWatch) -- J.P. Morgan Chase & Co. , which bought Washington Mutual Inc.'s banking operations, will retain most of the giant thrift's branch-banking staff, but plans substantial job cuts at its former headquarters and elsewhere, Thomson Reuters reported Friday. J.P. Morgan expects to keep about 9,000 employees who worked at WaMu branches, as well as 2,000 employees in the mortgage and wealth-management units, according to the report. J.P. Morgan is expected to tell all former WaMu employees by Monday whether they would have jobs and for how long, Reuters said.

Source: MarketWatch.com - All MarketWatch News - JPM MarketWatch.com - All MarketWatch News - JPM |

 Legg Mason's Bill Miller Expects Better 2009 Wednesday, 3 December 2008, 4:16 pm

(Source: Dow Jones Business News)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 Mexico's Ixe, JPMorgan Finalize Talks On Credit-Card Venture Wednesday, 3 December 2008, 11:36 am

(Source: Dow Jones Business News)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 PRESS RELEASE: Fitch On JPMorgan Sterling Gilt Liquidity Fund Wednesday, 3 December 2008, 9:40 am

(Source: Dow Jones Business News)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 7 Things to Know About Buying Gift Cards Tuesday, 2 December 2008, 11:00 pm

(Source: Smartmoney.com)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 UPDATE: Nissan Sells $600 Million Bonds Backed By Auto Loans Tuesday, 2 December 2008, 4:50 pm

(Source: Dow Jones Business News)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 CurrencyShares(SM) Exchange Traded Products Declare Monthly Distributions Tuesday, 2 December 2008, 3:23 pm

(Source: Market Wire)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 UPDATE: Investors Buy FDIC-Backed Bonds As Issuance Continues Tuesday, 2 December 2008, 2:55 pm

(Source: Dow Jones Business News)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 Next Stage Of Credit Freeze May Hit Home Prices, Credit Cards Tuesday, 2 December 2008, 1:52 pm

(Source: Dow Jones Business News)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 J.P. Morgan is Top-Rated in Private Equity Fund Administration Survey Tuesday, 2 December 2008, 9:01 am

(Source: Business Wire)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 JPMorgan To Expand BPO Operations In The Philippines Tuesday, 2 December 2008, 4:15 am

(Source: Dow Jones Business News)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 MARKET SNAPSHOT: Dow Slides 680 Points On Gloomy Global Economy Monday, 1 December 2008, 3:42 pm

(Source: Dow Jones Business News)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 MARKET SNAPSHOT: Dow Industrials Off Nearly 500 Points After Gloomy Global Data Monday, 1 December 2008, 2:24 pm

(Source: Dow Jones Business News)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 Higher Unemployment Will Continue To Strain Prime Borrowers Monday, 1 December 2008, 1:33 pm

(Source: Dow Jones Business News)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 MARKET SNAPSHOT: U.S. Stocks Hit By Gloomy Global Data As Dow Drops 4.5% Monday, 1 December 2008, 1:08 pm

(Source: Dow Jones Business News)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 MARKET SNAPSHOT: U.S. Stocks Hit By Gloomy Global Data As Dow Drops 5% Monday, 1 December 2008, 11:44 am

(Source: Dow Jones Business News)

Source: JPM News - SmartMoney.com JPM News - SmartMoney.com |

 Wells Fargo Denies State's ARS Charge

Washington state securities regulators on Wednesday accused Wells Fargo of misleading investors in auction-rate securities, a charge the bank said it would 'vigorously defend.'

Source: MSN Money News - JPM MSN Money News - JPM |

 Final Glance: Finance companies

NEW YORK (AP) - Shares of some top finance companies were up at the close of trading:

Source: MSN Money News - JPM MSN Money News - JPM |

 Paulson Rolling Out Rest of TARP?

$350 billion sure didn't last very long. Just 60 days ago Congress allocated $700 billion in TARP money to rescue the financial system half of which was available immediately. Now according to the Wall Steet Journal Treasury Secretary Hank Paulson may ready to ask for the second half. If he does he's likely to face stiff opposition on Capitol Hill. A recent Government Accountability Office report rebuked the Treasury for insufficient oversight and staffing to ensure the money it has already poured into banks like Goldman Sachs (GS) Bank of America (BAC) JP Morgan (JPM) and Morgan Stanley

Source: MSN Money News - JPM MSN Money News - JPM |

 Early Glance: Finance companies

NEW YORK (AP) - Shares of some top finance companies are mixed at 10 a.m.:

Source: MSN Money News - JPM MSN Money News - JPM |

 Goldman Sachs: Your Online Bank?

Goldman Sachs (GS) may launch an Internet banking operation as part of an effort to broaden its sources of funds.The deposits could be used to back new ventures the Wall Street Journal reports.Goldman Sachs converted to a bank holding company in September allowing it to solicit deposits. That's the polar opposite of the once-mighty investment bank's image - but it underscores how Wall Street is changing in response to the credit crunch and crumbling global economy.No name has been selected for the new Internet bank but it's almost certain to offer typical savings products such as

Source: MSN Money News - JPM MSN Money News - JPM |

 Goldman, Guard Your People

Goldman Sachs' most important challenge as it seeks direction amid a changed landscape for the former investment banks is to hang onto its culture and its people.

Source: MSN Money News - JPM MSN Money News - JPM |

 ($) Option Traders Playing Spreads in Financials

JPMorgan shows considerable trading in call spreads.

Source: MSN Money News - JPM MSN Money News - JPM |

 Cramer's 'Mad Money' Recap: Let the Deals Begin Wednesday, 3 December 2008, 6:58 pm

 Stocks gain for 2nd session Wednesday, 3 December 2008, 5:12 pm

 Legg Mason's Bill Miller Expects Better 2009 Wednesday, 3 December 2008, 4:16 pm

 Fuld Was Not Alone Wednesday, 3 December 2008, 4:15 pm

 The Real Story Wrap: December 3 Wednesday, 3 December 2008, 4:10 pm

 New Issue-JP Morgan Chase adds $350 mln in 2-yr floaters Wednesday, 3 December 2008, 3:50 pm

 Cramer: Goldman Was Unprepared Wednesday, 3 December 2008, 12:29 pm

 Lehman to Auction Neuberger Berman Today Wednesday, 3 December 2008, 11:38 am

 Mexico's Ixe, JPMorgan Finalize Talks On Credit-Card Venture Wednesday, 3 December 2008, 11:36 am

 They Just Don't Get GE! Wednesday, 3 December 2008, 11:01 am

 PRESS RELEASE: Fitch On JPMorgan Sterling Gilt Liquidity Fund Wednesday, 3 December 2008, 9:40 am

 Premarket roundup: Automakers, investment banks Wednesday, 3 December 2008, 8:31 am

 Crisis sparks reversal in electronic trading-study Wednesday, 3 December 2008, 8:30 am

 Mad About Options: Stainless Steel? Wednesday, 3 December 2008, 8:21 am

 FDIC chief: Intervene on foreclosures Tuesday, 2 December 2008, 5:18 pm

 Total System Services to end WaMu services Tuesday, 2 December 2008, 5:15 pm

 UPDATE: Nissan Sells $600 Million Bonds Backed By Auto Loans Tuesday, 2 December 2008, 4:50 pm

 Goldman, Guard Your People Tuesday, 2 December 2008, 3:59 pm

 Financial Winners & Losers: Wachovia Tuesday, 2 December 2008, 3:40 pm

 CurrencyShares(SM) Exchange Traded Products Declare Monthly Distributions Tuesday, 2 December 2008, 3:23 pm

 UPDATE: Investors Buy FDIC-Backed Bonds As Issuance Continues Tuesday, 2 December 2008, 2:55 pm

 Sector Wrap: Financial stocks rally Tuesday, 2 December 2008, 2:16 pm

 Next Stage Of Credit Freeze May Hit Home Prices, Credit Cards Tuesday, 2 December 2008, 1:52 pm

 They Just Don't Get the Dow! Tuesday, 2 December 2008, 10:49 am

 JPMorgan's Highbridge investors seek withdrawal - WSJ Tuesday, 2 December 2008, 8:16 am

 JPMorgan To Expand BPO Operations In The Philippines Tuesday, 2 December 2008, 4:15 am

 'Fast Money' Recap: No Place to Hide Monday, 1 December 2008, 6:01 pm

 Dow plunges 680 points Monday, 1 December 2008, 5:22 pm

 JPMorgan Chase to cut 9,200 WaMu jobs Monday, 1 December 2008, 4:17 pm

 MARKET SNAPSHOT: Dow Slides 680 Points On Gloomy Global Economy Monday, 1 December 2008, 3:42 pm

 JPMorgan cutting 9,200 jobs at Washington Mutual Monday, 1 December 2008, 2:45 pm

 MARKET SNAPSHOT: Dow Industrials Off Nearly 500 Points After Gloomy Global Data Monday, 1 December 2008, 2:24 pm

 Sector Snap: Consumer Lenders Monday, 1 December 2008, 1:41 pm

 Higher Unemployment Will Continue To Strain Prime Borrowers Monday, 1 December 2008, 1:30 pm

 JPMorgan shares fall with broader market Monday, 1 December 2008, 1:28 pm

 MARKET SNAPSHOT: U.S. Stocks Hit By Gloomy Global Data As Dow Drops 4.5% Monday, 1 December 2008, 1:08 pm

 MARKET SNAPSHOT: U.S. Stocks Hit By Gloomy Global Data As Dow Drops 5% Monday, 1 December 2008, 11:44 am

 Schaeffer's Market Blog: J.P. Morgan Chase (JPM) Announces 3,400 WaMu Job Cuts Monday, 1 December 2008, 10:02 am

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