Global Banking Directory 2.0
Press Release Distribution Service
Add Bank | Banking Forum Online
BankDEP Crypto Bank
BanksDaily on Twitter BanksDaily on LinkedIn BanksDaily on Instagram

Financial and Banking News

J.P. Morgan Chase profit falls 53% the first half of 2008

Financial newsJ.P. Morgan Chase said 17 July that net profit declined by 51% - up to 4.38 billion U.S., compared with 9.02 billion U.S. received during the same period a year earlier.

The main causes - the credit crisis continued to bite, driving markdowns on mortgage positions and leveraged loans higher, and as the company took more than $500 million in costs for its Bear Stearns acquisition. J.P. Morgan's investment banking unit took markdowns of $696 million on leveraged loans and $405 million on mortgage related investments.

JPMorgan revenues for the reporting half decreased by 7% to 35.29 billion U.S. against 37.88 billion U.S. in January-June 2007. Also J.P. Morgan Chase noted that it increased its credit reserves by $1.3 billion firmwide.

Net profit JPMorgan in second quarter declined by 53% - up to 2 billion U.S., compared with 4.23 billion U.S. received during the same period a year earlier. Revenue bank for the reporting quarter decreased by 3% and amounted to $ 18.4 billion against 18.91 billion U.S. in April-June 2007.

Date: 18.07.2008 [175]
Get your content published on in just a few clicks.

Financial and Banking News
 Post-Pandemic Economic Recovery: Key Factors Driving Growth and Stability

The COVID-19 pandemic caused a global economic halt, resulting in disruption, job losses, and uncertainty. However, as vaccination efforts progress and countries adjust to the new normal, there is hope for an economic recovery.

 Wiki Finance Expo Sydney 2023 Is Coming Soon!

Regulation, Forex, Crypto, Web 3.0, Metaverse, AI, ESG Will Be in Focus. Taking place on November 16th, Wiki Finance Expo, Sydney 2023 is Aussie largest and most anticipated fintech event of the year. 30.10.2023 | Source: WikiExpo

 Blockchain Economy Dubai Summit 2023: Just Two Weeks Away and Buzzing with Anticipation

Dubai, UAE - The Blockchain Economy Dubai Summit is generating palpable excitement within the blockchain and crypto communities, with only two weeks remaining until the event. Scheduled for October 4-5, 2023, at the Le Meridien Dubai Hotel & Conference Center, this prestigious event gathers over 3,000 blockchain entrepreneurs, crypto enthusiasts, and industry leaders from 85 countries. 20.09.2023 | Source: Teklip

 📰 News Archive

2007-2024 © | All Banks in One Place | Privacy Policy