JP Morgan’s mortgage warning

By Geert De Lombaerde Posted on October 15, 2009 at 7:54 am

Despite posting a third-quarter profit of $3.6 billion — more than six times the year-ago number — JP Morgan Chase says its loan losses are still rising and affecting even mortgages that were thought to be of high quality. Keep in mind that just about everyone in the know agrees that JPM is the cream of the crop.

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Tags: banking, earnings reports, JP Morgan Chase & Co., loan losses, mortgages  

Analyst action: Louisiana-Pacific

By Geert De Lombaerde Posted on October 12, 2009 at 1:52 pm

JP Morgan analyst Claudia Shank Hueston has given shares of Louisiana-Pacific (Ticker: LPX) and other paper and forest product companies a boost by raising her earnings estimates. In the case of LP, Hueston said the company’s recent capital raise will improve its profit potential.

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Tags: analyst actions, Claudia Shank Hueston, earnings estimates, housing market, JP Morgan Chase & Co., Louisiana-Pacific Corp., manufacturing, residential real estate  

Top wholesale lender bails

By Geert De Lombaerde Posted on January 13, 2009 at 10:44 pm

JP Morgan Chase, which had more than 7 percent of the broker lending market last fall, says it will take applications for new loans through Friday. After that, it’s shutting down the division.

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Tags: banking, JP Morgan Chase & Co., layoffs, mortgages, wholesale lending