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JPMorgan Beats Earnings (JPM)
JPMorgan Chase beat earnings expectations even after a big legal expense. For Q2, the bank reported EPS of $1.59.The firm had a legal expense of 13 cents per share. Even excluding the legal expense, it...
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These Two Slides From JPMorgan Encapsulate The Nightmare Wall Street Is...
JPMorgan Chase, the largest U.S. bank by assets, beat second quarter earnings estimates even after a big legal expense.When you delve into the numbers, the results really aren't all that pretty.In the...
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Goldman Beats Earnings (GS)
Investment banking giant Goldman Sachs beat earnings estimates. For Q2, the bank reported adjusted EPS of $4.10. The bank was expected to report EPS of $3.09, according to consensus analyst estimates...
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Bill Gross Reportedly Threatened To Quit His Job At PIMCO Several Times
Bill Gross, the self-proclaimed "Justin Bieber of bonds", reportedly threatened to quit his job at Pimco, The Wall Street Street Journal's Gregory Zuckerman reports.Earlier this year, Gross was the...
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Jamie Dimon Says He 'Feels Great' And Will Keep Working Throughout His Cancer...
JPMorgan Chase CEO Jamie Dimon addressed his throat cancer on the bank's second quarter earnings call this morning.Earlier this month, Dimon disclosed that he had treatable throat cancer located...
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The Most Obnoxious Wall Street Bars Of 2014
In New York City, things can get old pretty fast. So we've taken it upon ourselves to revamp last year's list of the most obnoxious Wall Street bars. Several have since closed, but many are still...
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Meet The 25-Year Wall Street Veteran Trader Who Says He Lost His Job Because...
Thomas Laresca, a 52-year-old market-maker and father of three, said he lost his Wall Street job because of CYNK Technology — a penny stock that's shocked the internet with its 25,000% rise in just a...
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Morgan Stanley Beats Earnings Expectations By A Hair
Morgan Stanley reported earnings this morning, and the bank just beat analyst estimates with net revenue coming in at $8.61 billion and earnings per share hitting $0.60.Analysts estimated that the...
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What Morgan Stanley Has Done With Wall Street's 'Boring' Business Is Just...
Thursday morning Morgan Stanley reported its Q2 earnings, and beat analyst estimates by just a hair.That is in part because Morgan Stanley CEO James Gorman was never too proud to be boring.In case you...
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Punishment For Stealing Wall Street Software Is Becoming Very Harsh
The Manhattan District Attorney's Office has become more aggressive against people stealing intellectual property from financial institutions to the next level. Former Two Sigma Investments analyst...
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The Massive Hack Of The Nasdaq That Has Wall Street Terrified Of Cyber Attacks
Since day-to-day financial operations have moved online, Wall Streeters have grown increasingly concerned about the safety of their data. While most hacks are for gathering information and espionage,...
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Missing Trader Who Wanted To Motorcycle To The World Cup Found Dead In Mexico
The remains of 33-year-old stock trader Harry Devert were discovered in Mexico, NBC New York reports, citing authorities. Harry Devert, a Westchester native who worked as a trader for H&H Capital,...
View ArticleHerbalife Calls Bill Ackman 'The Worst Of Wall Street'
Herbalife's digital media strategy fighting off Bill Ackman's short campaign appears to include comparing the fund manager to Jordan Belfort—a convicted felon who ran a 90s-era boiler room, wrote a...
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Carl Icahn, Josh Brown And More Finance Brains Just Started Blogging On A New...
On Wednesday, Yahoo launched a new blogging platform for Wall Streeters. There's only one condition — you have to be at the top of the game."We’re opening up Yahoo Finance in a scalable way and...
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REPORT: Goldman Is Taking Dead Aim At One Of Bloomberg's Core Offerings
The FT's Tracy Alloway is reporting that Goldman Sachs is leading an effort amongst big banks to create their own instant messaging system for traders and bankers. The project is called "Babble" and...
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Just So We're Clear, Wall Street Is Really Just A Nasty Revenge Of The Nerds
You remember that kid in elementary school, the one who would argue during a game of tag: “You said you have to tag the person. Well you only touched my clothes. That isn’t a person.” Remember that...
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Wall Street Legend Alan 'Ace' Greenberg Has Died
The New York Times reports that Alan "Ace" Greenberg, the former CEO of Bear Stearns, has died at age 86.His son Theodore told The Times that his father died of complications from cancer.Greenberg was...
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JAMIE DIMON: Ace Greenberg Epitomized The American Dream And We Can't Imagine...
Iconic Wall Street banker Alan "Ace" Greenberg, the former Bear Stearns CEO and JPMorgan Chairman Emeritus, passed away from a battle with cancer. He was 86.JPMorgan CEO Jamie Dimon and JPMorgan Asset...
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Here's The Classic Memo Ace Greenberg Sent Telling Traders To Save Paper Clips
Wall Street lost a legend on Friday.Alan "Ace" Greenberg, the former Bear Stearns CEO, died after a battle with cancer. He was 86. Greenberg, who could be described as "old school" on Wall Street, was...
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The Godfather Of Las Vegas Sports Betting Is Auctioning His Rancho Santa Fe...
Legendary sports bettor William "Billy" Walters is auctioning his gorgeous Rancho Santa Fe, California estate for $20 million with no reserve.Walters and his wife purchased "El Milagro" three years...
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