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J.P. Morgan Executives See Reorganization Adding to Pretax Profits -FT

Following the announcement by J.P. Morgan (JPM) Chief Executive Jamie Dimon that the company planned to merge its corporate and investment banks, two company executives said the reorganization could help increase the bank's pretax profit, The Financial Times reported on its website Sunday. Michael Cavanagh and Daniel Pinto, the co-chief executives of the newly formed division, said the move should eventually add $1 billion to pretax profit within five years, the FT reported. Mr. Cavanagh also said the new unit intends to add bankers, especially in its foreign exchange operations, the FT reported. Newspaper website: www.FT.com Write to copydesk@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Jp Morgan Chase (JPM)
DateTimeHeadline
02/09/201617:02:00MARKET SNAPSHOT: U.S. Stocks End Flat After Seesaw Session Amid...
02/09/201616:56:00MARKET SNAPSHOT: U.S. Stocks End Flat After Seesaw Session Amid...
02/09/201615:50:00MARKET SNAPSHOT: U.S. Stocks Turn Positive As Materials, Health...
02/09/201615:30:36Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/09/201613:25:00MARKET SNAPSHOT: U.S. Stocks Retreat, Led By Energy Sector, As...
02/09/201612:52:55Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/09/201610:59:00MARKET SNAPSHOT: Tech Stocks Gain, Energy Plays Drops As Benchmarks...
02/09/201610:16:00MARKET SNAPSHOT: U.S. Stocks Struggle To Push Higher Amid Global...
02/09/201609:30:00J.P. Morgan adds ERISA Strategist Daniel Notto to Retirement...
02/09/201609:17:00Ex-J.P. Morgan Executive Fined $1 Million Over London Whale Trades...
02/09/201607:20:00U.K. Fines Ex-J.P. Morgan Executive Over 'London Whale' Trades
02/09/201606:58:00Former J.P. Morgan Executive Fined Over $1 Million by U.K. Regulator...
02/08/201610:47:00J.P. Morgan Sponsors Dubai Duty Free Tennis Championships
02/05/201617:31:29Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/05/201612:21:00Lehman and J.P. Morgan Seek Approval of $1.42 Billion Settlement...
02/05/201611:40:00ITG Chief Seeks New Path for Troubled Brokerage
02/05/201608:30:00Brooklyn Small Businesses Get Big Boost from JPMorgan Chase...
02/05/201606:11:12Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/05/201606:11:12Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/04/201617:16:19Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

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