Tag Archives: litigation

Johnson & Johnson beats expectations despite recalls, litigation and acquisition costs

Posted on January 24, 2012 by Martin Timble

Johnson & Johnson (NYSE:JNJ) shares are trading slightly higher today after the healthcare giant posted better than expected earnings despite seeing a huge drop in profits. The company has had a year full of recalls, litigation and acquisition that seen …

Posted in Healthcare, Main Post | Tagged acquisition, analyst, earnings, healthcare, JNJ, Johnson & Johnson, litigation, NYSE, NYSE:JNJ, profits, recalls, revenue, shares, trading, Wall Street | Comments Off

JP Morgan down after posting 23 percent drop in 4Q earnings

Posted on January 13, 2012 by Martin Timble

JP Morgan (NYSE:JPM) has dropped by more than 3.2 percent today after the company released the results from its fourth quarter. The bank put aside a large amount of money in the quarter in order to fight lawsuits related to …

Posted in Financial, Main Post | Tagged accounting, Bank, company, earnings, investment banking, JP Morgan, JPM, litigation, markets, mortgages, net income, NYSE, NYSE:JPM, profit, quarter, revenue | Comments Off

Financial sector sinks following JP Morgan’s earnings (C, BAC, GS, WFC)

Posted on October 13, 2011 by Josie Middleton

Stocks in the financial sector are all trading significantly lower today following JP Morgan’s poor third quarter performance raising concerns about credit markets in the United States.

Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS) and Wells Fargo (NYSE:WFC) …

Posted in Financial, Main Post | Tagged Agee & Leach, analyst, BAC, Bank of America, C, Citigroup, commercial, concerns, credit markets, economy, equity research, expectations, financial, firms, Goldman Sachs, GS, investment banking, investors, JP Morgan, JPM, litigation, losses, motgage, net income, NYSE:BAC, NYSE:C, NYSE:GS, NYSE:JPM, NYSE:WFC, performance, private equity, profitable, quarter, result, revenues, sector, Stern, stocks, Todd Hagermann, trends, weak, Wells Fargo, WFC | Comments Off

JP Morgan net income drops 4 percent in 3Q but beats expectations

Posted on October 13, 2011 by pmarek

JP Morgan (NYSE:JPM) is trading over 4.6 percent lower today after the company reported a 4 percent drop in net income during its third quarter. The financial heavyweight blamed a weak performance from its investment banking division, a loss from …

Posted in Financial, Main Post | Tagged analyst, BAC, Bank of America, business, C, Citigroup, earned, earnigns, economy, expectations, financial, Goldman Sachs, GS, investment banking, JP Morgan, JPM, lawsuits, lending, litigation, mortgage, net income, NYSE, NYSE:BAC, NYSE:C, NYSE:GS, NYSE:JPM, performance, private equity, quarter, reported, result, retail, revenue, sales, Securities, share, stock, trading, turbulence, underwriting, volume | Comments Off

Bank of America reports $9.1 billion loss in 2Q

Posted on July 19, 2011 by pmarek

Bank of America (NYSE:BAC) reported a $9.1 billion loss during it second quarter earnings on tuesday. The massive loss cam after the company was forced to pay out a $8.5 billion settlement with investors who where sold poor-quality mortgage bonds.…

Posted in Financial, Latest Headlines | Tagged BAC, Bank, Bank of America, bonds, company, earnings, forecast, income, investor, litigation, mortgage, NYSE:BAC, quarter | Comments Off

Bank of America settles $8.5 billion Countrywide lawsuit

Posted on June 29, 2011 by pmarek

Bank of America (NYSE:BAC) announced on wednesday that it has agreed to settle its $8.5 billion lawsuit brought against its Countrywide unit for poorly underwritten mortgages during the housing boom.

The huge lawsuit is still a fraction of the face …

Posted in Financial, Main Post | Tagged BAC, balance sheet, Bank, Bank of America, bilion, Countrywide, housing boom, industry, investors, lawsuit, litigation, mortgages, NYSE:BAC, principle, Securities, settlement | Comments Off

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