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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
10/21/201417:47:33Global X, J.P. Morgan to Launch Tactical ETFs
10/21/201417:46:49Global X, J.P. Morgan to Launch Two Tactical ETFs -- Update
10/21/201417:24:48J.P. Morgan Fined $92 Million by EU
10/21/201417:16:45NY Fed Overlooked J.P. Morgan "London Whale"
10/21/201417:16:11New York Fed Failed To Examine J.P. Morgan 'London Whale' Unit
10/21/201417:14:20JPMorgan Fined by EU Over Rate Rigging, Cartel
10/21/201417:03:28European Stock Markets Jump -- 2nd Update
10/20/201416:09:27Morgan Stanley Hires from Merrill, J.P. Morgan, UBS -- Street...
10/17/201420:26:15Big Banks Start Charging Clients for Euro Deposits -- 2nd Update
10/17/201416:14:09Big Banks Start Charging Clients for Euro Deposits -- Update
10/15/201417:05:13MARKET SNAPSHOT: U.S. Stocks Cut Losses In Harrowing, Volatile...
10/15/201416:19:10Ebola, Oil Slump Taking Toll on African Sovereign Bonds
10/15/201414:50:29MARKET SNAPSHOT: U.S. Stocks Plummet As Selling Intensifies
10/14/201418:50:07Three Senior Traders Fired Amid Global Forex Probe
10/14/201417:34:58MARKET SNAPSHOT: U.S. Stocks Rise Amid Upbeat Earnings
10/14/201417:34:45J.P. Morgan Legal Expenses Include Estimate for Forex Settlement
10/14/201417:33:08U.S. Hot Stocks: Hot Stocks to Watch
10/14/201417:26:48MARKET SNAPSHOT: U.S. Stocks: Futures Climb As Citi, J&J Earnings...
10/14/201412:36:27MARKET SNAPSHOT: U.S. Stocks: Futures Climb As JPM Reports, Citi...
10/14/201410:23:56MARKET SNAPSHOT: U.S. Stocks: Futures Flat As JPM, Citi Earnings...

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