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JPMorgan unlikely to restart buybacks this year - analysts
Aug 2nd, 2012
(Reuters) - JPMorgan Chase & Co is unlikely this year to resume share repurchases it suspended in May after disclosing multi-billion dollar losses from credit derivatives, two Wall Street analysts said after recent meetings with top executives of the bank. Though CEO Jamie Dimon was still "hopeful" in a meeting about resuming buybacks in the final three months of this year, analyst Jeffery Harte of Sandler O'Neill Partners said in a report on Thursday that he is "less confident" regulators will allow repurchases before 2013. JPMorgan has enough capital to safely buy back stock, Harte said. ... (Source: Reuters) -
REUTERS - JPMorgan Chase & Co Chairman and CEO Jamie Dimon said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties, the Wall Street Journal reported on Saturday. Shareholders will vote later this month at an annual meeting in Tampa, Florida, on a non-binding proposal to separate ... [Full Article]
By Martin Santa BRUSSELS (Reuters) - Cyprus and Malta have a lot in common: Mediterranean islands enjoying 10 months of sunshine a year, they joined the European Union in 2004, use the euro and have banking sectors that dwarf their economies. There are so many similarities that some investors have wondered whether Malta might follow Cyprus in needi... [Full Article]
LONDON (Reuters) - British retailer Marks & Spencer posted its lowest annual profit since 2009 on Tuesday as a struggling general merchandise division dragged on growth in food sales. The 129-year-old firm, which serves 21 million shoppers a week from over 700 UK stores, said it made a profit before tax and one-off items of 665.2 million pounds... [Full Article]
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