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JPM JP Morgan

2,173.87
0.00 (0.00%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
JP Morgan LSE:JPM London Ordinary Share COM STK USD1
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2,173.87 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2,173.87 USD

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Posted at 24/7/2015 18:27 by temmujin
they lied about the price of oil going to $200...while secretly short it...city crooks!
Posted at 15/4/2011 02:32 by gsrizback
APOLOGIES WRONG TICKER WORTH A LOOK THOUGH

JUPITER MINES LTD NPV
News contents
04/15/2011 03:22:06 - MARKET TALK: Jupiter Mines Buy Reiterated By Southern Cross

0122 GMT [Dow Jones] Southern Cross Equities reiterates its Buy recommendation and 77 cent price target on Jupiter Mines (JMS.AU), saying that while a U.K.-based seller has capped JMS shares recently, that selling has been completed. Its 77-cent target is based on a long-term iron ore price of US$65/ton, vs the current price of almost US$185. Jupiter's leverage to iron ore means an ore price of A$85/ton gives a A$1.28 valuation and A$175/ton gives A$3.34, says Southern Cross. JMS last up 6.5 cents at 62 cents. (david.rogers1@dowjones.com)

Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com

GSR
Posted at 15/4/2011 02:21 by gsrizback
JUPITER MINES LTD NPV
News contents
04/15/2011 03:22:06 - MARKET TALK: Jupiter Mines Buy Reiterated By Southern Cross

0122 GMT [Dow Jones] Southern Cross Equities reiterates its Buy recommendation and 77 cent price target on Jupiter Mines (JMS.AU), saying that while a U.K.-based seller has capped JMS shares recently, that selling has been completed. Its 77-cent target is based on a long-term iron ore price of US$65/ton, vs the current price of almost US$185. Jupiter's leverage to iron ore means an ore price of A$85/ton gives a A$1.28 valuation and A$175/ton gives A$3.34, says Southern Cross. JMS last up 6.5 cents at 62 cents. (david.rogers1@dowjones.com)

Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com

GSR
Posted at 20/5/2008 14:23 by grahamite2
I now have US stocks enabled for IG but it's a bit late to do anything with JPM today.
Posted at 08/11/2002 13:30 by energyi
orchid and Tromso,
I agree that the high gearing gives JPM a huge exposure to the risk
of having its credit rating downgraded.

I ran some figures on Q2 earnings and saw that something like 50% of
earnings were coming from derivatives trading. Because JPM must be
using the lines of all their potential counterparties near the maximum,
a credit downgrade may get those lines cut, and make it virtually impossible
for them to trade "normally" anymore. That may be happening now.

If you see JPM shedding derivatives trading personnel, then their books
are being wound down, and a critical source of earnings has been lost.
I imagine Greenspan may be worrying about what to do about JPM on the
next credit downgrade. Their derivatives book is too big for anyone
to take over, apart from the Fed. Surely, Greenie would like to find a
way for them to survive, so the Fed is not left with the mess to clean up.
Posted at 08/11/2002 07:54 by energyi
SLICES OF THE DERIVATIVES PIE


excerpt:
"As we delve into the often cryptic world of derivatives, it rapidly becomes apparent that the amounts of dollars of capital effectively controlled through derivatives is absolutely staggering. The notional amount pie in our first graph above is a monstrous $43,922 billion, or almost $44 TRILLION dollars. Rarely at a loss for superlatives, we cannot even think of enough to describe how large these numbers truly are!"
...

"JPMorganChase controls 12.6% of the total commercial bank and trust assets in the United States, but a whopping 59.8% of the total commercial bank and trust derivatives market. JPM's implied derivatives leverage on assets ratio is a colossal 43 to 1.
...
Long Term Capital Management had $3b in capital allegedly supporting $1,250b of derivatives notional value, an implied leverage ratio of 417 to 1. JPMorganChase, per its own reports filed with the US government, has $42b supporting $26,276b of derivatives notional value. Incredibly, JPM's implied capital leverage on its derivatives is far, far higher than LTCM's at 626 to 1. Isn't it disconcerting to realize JPM management has further leveraged its shareholder equity than even the infamous Long Term Capital Management?"
Posted at 08/11/2002 07:41 by energyi
CONSPIRICY THEORISTS may like this: some of it fantasy:

(excerpted background):
Most Americans are unaware of the J.P. Morgan/Chase Manhattan merger and of its significance. Chase Manhattan is a major Federal Reserve shareholder, as is CitiBank.

Now, both J.P. Morgan Chase and CitiBank have their a$$ets hanging bare in the derivatives market. They have also been manipulating the price of gold and is the main reason they are in trouble now financially.

Just how massive is Morgan's derivative gamble? Get this -- it has a potential, or notional, value of $29 trillion. That is in addition to net credit exposure of $94.7 billion. Trillions in derivatives. That is no typo. As in three times the nation's entire annual gross domestic product. Citigroup, of which CitiBank forms a large part, has $9 trillion in derivative exposure.

The Chase and Citigroup investment banks are the financial cornerstones of the Rockefeller empire and of Enron.

JP Morgan Chase, one of Enron's two main bankers. It was involved in an offshore company used by the energy trader to move risk off its balance sheet. The disclosure of the existence of such off-balance-sheet arrangements accelerated the downward spiral in the company's share price and led to its eventual bankruptcy. The Securities and Exchange Commission is now investigating whether JP Morgan has also misled its shareholders by making loans to Enron in the form of oil and gas trading contracts. Insurers who face a claim from the bank on surety bonds that guaranteed the contracts allege that they were loans dressed up as trades to keep them off the bank's balance sheet. JP Morgan has already revised its estimate of its Enron exposure from $900m to $2.6bn (£620m to £1.8bn.)The SEC probe is adding to the criticism of risk control procedures at the bank, formed in 2000 by the merger of Chase Manhattan with the venerable House of Morgan. JP Morgan and Enron's other lead bank, Citigroup, are the largest of a new generation of banking groups formed by combining commercial banks and investment banks to provide a one-stop shop for big corporate clients.
...
More that half the shareholdings in the Federal Reserve are controlled by large New York City banks, including National City Bank (now CitiBank), National Bank of Commerce, First National Bank, Chase National Bank, and Marine National Bank. When Rockefeller's National City Bank merged with J.P. Morgan's First National Bank in 1955, the Rockefeller group owned 22 percent of the shares of the Federal Reserve Bank of New York, which in turn holds the majority of shares in the Federal Reserve System - 53 percent.
Posted at 30/10/2002 12:43 by archer1415
From Jim Willie CB's insider mate "Joe" energyi who may of dropped him right in the smelly stuff if its not true. ..."and the CFO will be doing jailtime by next year...". Would be ironic!

Read Jim Willie CB back tracking below.


To:jimsioi who wrote (20730)
From: Jim Willie CB Monday, Oct 28, 2002 11:51 AM
Respond to of 20914

sorry for confusion on JPM: $170B in total nonperf loans
I might have misstated this definition
the implication to earnings I did say was $50B from required assignment of real money to nonperforming reserves
that would be about 30% loan loss reserve

the total seemed high to me also
esp since the Brazil exposure by JPM is $4-5B
I thought I read Enron exposure by JPM was $5B
and WorldCom exposure by JPM was similar

I intend to followup with my friend Joe
I will press him on the amounts, citing Brazil, Enron, WCom
even if the story is 30-50% off, this very damaging
and enough to bring down the House of Morgan
/ jim
Posted at 25/10/2002 08:29 by energyi
Ashley,
THIS MAY AMUSE you and others...
(but be careful about believing this type of scuttlebut):
From: Jim Willie CB Thursday, Oct 24, 2002 8:41 PM
View Replies (6) | Respond to of 20660

POTENTIALLY EXPLOSIVE INSIDE NEWS -- $170B JPM FRAUD
the same guy Joe in my apartment complex spoke with me again tonight about inside explosive news about a massive accounting fraud by JPMorgan

I pressed him for veracity of the source, like where he works
Joe said his friend Frank is an old college friend, whom he is in contact with 1-2 times per week
he said Frank works in the "same general business as JPMorgan"
I asked Citibank? no.. Morgan Stanley? no.. Goldman Sachs? no.. a major bank? no
Joe said "no, officially it is a govt business, but they are deeply involved in the mortgage finance business"
I asked FannyMae? and he smiled and said "cannot say" while nodding
so either Fanny or Freddie, I figure
word is flying around the NYC finance houses about this, impossible to contain, with investigations widening weekly

Frank tells him the noose is tightening bigtime on JPMorgan and the CFO will be doing jailtime by next year... the US Attorney General and NY Atty Genl are each well along in the investigation of $170 billion in improperly reported Q3 interest payments on three big loans...
WorldCom, Argentina, Russia

they all went bad, but JPM reported them as "performing loans" with fraudulent intent... the AG's are busy now "closing the dozen doors" that will demonstrate fraud and criminal intent... they want to be certain that JPM did not simply transfer the loans over to the London office or some thin offshore subsidiary... they are making progress eliminating these possibilities... the critical first criminal step was not listing these loans as "non-performing"

the misstatement makes WorldCom's $4B in improper statement look, well, pretty effing tiny... I asked about the impact to earnings, and Joe told me he heard around $60-70 billion in losses

I asked about why this is not out in the news, in the open... Joe said AG's must shut the doors, tighten the nose, be certain of the criminal actions

I asked about timing... Joe was told by Frank at FannyMae? that the prosecution steps begin in the first December week... I asked "around Pearl Harbor Day?"... he laughed, saying JPM is going to jail and this will blow wide open, that JPM is dead in the water... Frank claims actual revelation to the public and news media will take place around Christmas or immediately afterwards

I asked how we can observe definitive confirming signals from afar... Joe said "mass resignations, which have begun, but which will pick up in a big way"

Joe works in an international industrial pump/value company, and fully trusts his friend Frank in NYCity... back in July, I mentioned this Frank as confirming almost daily shipments by truck of Federal Reserve Gold out of the NYCity site, for the purpose of satisfying JPMorgan gold sales

so there you have it, MASSIVE $170B FRAUD CONCEALING $60B IN LOSSES, which will break within 75 days!!!

we will see
Joe said "100% certain this is unfolding, going to be death for JPMorgan, absolute death, with numerous indictments coming down, starting with that CFO"

too big to fail?
how about too big to bail?
certainly too big to protect from prosecution
Elliot Spitzer will dog them for sure
dunno about AttyGenl Ashcroft

gold should get a little lift by Christmas, eh
and we havent touched on Brazil yet
/ jim
:SOURCE:
Posted at 26/7/2002 22:09 by blackstone
extract from the latest report by Adam Hamilton


The derivatives world is a funny place. Most of the big derivatives deals are private over-the-counter transactions that are not exchange traded like the common options we buy and sell on individual stocks. These OTC contracts are made between a mega-bank like JPM and an individual company that either seeks to offload its risk by hedging or assume additional risk by speculating. Because the OTC contracts are private, customized, and unregulated, the reputation and honor of the bank writing the contract are of paramount importance.

Companies come to JPM to hedge their risks through private derivatives contracts because the bank has an incredibly sterling reputation going back over a century. The House of Morgan name has been above reproach for a long time due to the hard work of JPM's employees over many decades. Unfortunately though, reputation is a fragile thing. Even a single major headline breach of trust can quickly destroy the fruits of decades of hard work in building a name and brand.

As Arthur Andersen proved, decades of goodwill can be obliterated overnight by one high-profile fraudulent action in a small portion of an entire firm. The elite Big Five public accounting firm was considered blue chip and invincible a few years ago. Today it is thrashing in grisly death throes like an Ebola Zaire victim. If JPM is tarred and feathered and its derivatives clients lose confidence in its integrity, it too can certainly see decades of goodwill vaporize as if trapped at ground zero of a thermonuclear explosion.


JPM's unprecedented $23.5t inverted derivatives pyramid is hyper-leveraged and carefully built upon the irreplaceable trust of every entity that signs derivatives contracts with it. With the US Congress now investigating JPM for explicitly designing financial smoke-and-mirrors for corporate crooks like the Enron rogues trying to materially mislead and defraud their shareholders, I can't help but suspect that some of the companies on the other side of those $23.5t notional value derivatives contracts may grow a little nervous.


After all, companies pay mega-bucks to offload their risk to JPM via OTC derivatives contracts. These companies have to believe, have to have complete faith and confidence, that no matter what happens JPM will be able to make good on its side of the contracts.


This is called "counterparty risk" in the derivatives world. A private OTC derivatives contract made with a counterparty that doesn't have the financial strength to back the contract even in the worst-case scenario is worthless. In addition, a private OTC derivatives contract made with a counterparty that doesn't have the honor to be trusted in even the worst-case scenario is worthless. Trust and confidence is everything in the private OTC derivatives world!
JP Morgan share price data is direct from the London Stock Exchange

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