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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
03/04/201512:47:50Negative Interest Rates Yield Positive Results--So Far
03/03/201518:18:11J.P. Morgan, Justice Department Reach $50 Million Robo-signing...
03/03/201517:58:09J.P. Morgan, Justice Department Reach $50 Million 'Robo-signing...
03/03/201517:54:27J.P. Morgan, Justice Department Reach $50 Million 'Robosigning...
03/02/201519:13:26Costco Names Citi, Visa as New Credit Partners -- 4th Update
03/01/201512:59:48Samsung Looks to Outsmart Apple, Google on Mobile Payments
02/26/201520:07:03J.P. Morgan Emerges as CEO Breeding Ground
02/26/201520:05:14J.P. Morgan's CEO Bloodline
02/26/201519:27:10Plan to Sell Argentine Debt Collapses -- Update
02/26/201517:16:40Two Bank of America Directors Won't Seek Re-Election
02/26/201511:58:29New Standard Chartered Head Bill Winters Draws Rave Reviews
02/26/201511:34:54Standard Chartered CEO Peter Sands to Step Down -- 3rd Update
02/26/201507:23:49New Standard Chartered Head Has Cautious Image
02/26/201507:20:10Standard Chartered CEO to Step Down
02/26/201506:46:46Standard Chartered CEO Peter Sands to Step Down -- 2nd Update
02/26/201504:42:29Standard Chartered CEO Peter Sands to Step Down -- Update
02/25/201519:03:11Morgan Stanley to Pay $2.6 Billion to Settle Mortgage Cases...
02/25/201515:42:57Urwin to Join Deutsche Bank as Co-Head of Corporate Banking...
02/24/201521:11:21J.P. Morgan to Reduce Up to $100 Billion in Certain Deposits...
02/24/201518:30:13Correction to Story on J.P. Morgan's Auto Loan Pricing

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