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Apparently JPM does have money... Got this in an email today...
News Release
JPMorgan Chase steps up to raise $90 billion in financing for nonprofit and government organizations
NEW YORK, September 22, 2009 - JPMorgan Chase raised approximately $90 billion in financing for local governments and nonprofit organizations throughout the country in the past nine months, the company announced today.
Across the nation, the bank has provided $90 billion to non-profit and healthcare companies, universities and state and local government, helping to build bridges and parks, improve social services, train young people for jobs, expand hospitals and fund medical research.
"From the time our country faced its toughest moments in the financial crisis, we have been dedicated to local governments and the organizations at the heart of our communities that Americans have come to depend on," said Todd Maclin, Chase Commercial Bank CEO. "We have always been committed to the communities that we serve, but funding for these organizations is more crucial now than ever before."
JPMorgan Chase's safe and sound lending helped to keep communities moving forward during the recent market turmoil and helped the nation grow through support in the following sectors:
* $62 billion for state and local governments;
* $11 billion for healthcare organizations;
* $15 billion for education organizations; and
* $1.6 billion for other non-profits groups.
JPMorgan Chase's funding came at a critical time as auction-rate securities and the fixed-rate loan markets shut down, creating severe challenges for many nonprofits and local governments. The company's strong capital position allowed it to step in and help these organizations. In the last nine months, the bank raised nearly $90 billion for these types of institutions through traditional loans, credit facilities and bond and capital market underwritings.
Support for these organizations came to all corners of the country. One example is the line of credit JPMorgan Chase provided to the Woodall Rodgers Park Foundation in Dallas to create a 5.2-acre deck park that will connect three areas that are currently segmented -- Uptown, Downtown and the Arts District -- using sustainable design principles.
"Chase has a good reputation in the community for working effectively with a wide variety of not-for-profit groups on several innovative projects," said Linda Owen, president of the Woodall Rodgers Park Foundation. She further explained why the Foundation turned to Chase for the critical financing it needed during the park's design phase: "Chase bent over backwards to help us get the credit we needed so we could stay on track with our development timeline. They were extremely responsive and did all the necessary due diligence to close the loan within 30 days."
JPMorgan Chase also helped Virtua Health Inc., a regional non-profit healthcare network in southern New Jersey. The bank helped Virtua finance the construction of the Voorhees replacement hospital, a state-of-the-art medical center that will enhance the healthcare system's ability to meet the needs of the community.
"By assisting with the development of a strategic plan and being part of our successful bond financing, JPMorgan Chase provided a positive impact and a significant benefit for the community," said Bob Osler, Treasury Director of Virtua.
For more information about how JPMorgan Chase is helping communities across the country, visit: www.jpmorganchase.com/thewayforward.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and WaMu brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
picked up some more at .33. hope it works.
They are really trying to push those shorts through it looks like. There will be pressure on this until they cover what they need to.
35M in less than an hour and a half. This baby is gonna be ok by eod. IMO. Getting support in the .35's
They were hoping that the stock would disappear like other BK stocks and therefore they wouldn't have to cover. Us longs have given them massive heartburn. Plus they were wanting to wait for the year mark for lesser capital gains tax.
Enjoy tomorrow folks! Out of posts for the day.
They only update every couple weeks or so.
Two words Jimmy... Short Squeeze. Expect more this week.
Oh I'm in to win baby! Don't have a ton of shares but man anything over 3-4 bucks would be a life changer for sure.
Pulled out my initial investment $ amount today and now I'm riding on free shares!!!!!!!!!!!!!!!!!!! Nothing but blue skies do I see.
Have a good feeling that power hour will be insane today. Going off of previous charts, seems the mm level it off mid day and then let it go eod.
L2 for those interested
My God, I hope you are right.
L2 changing too fast to post accurate info.
.35's organizing
I just used one of my depends early. May have to get another few cases this week.
Getting ready to test HOD again soon.
WE BROKE .30!!!! .29's filling good
BLUE SKIES!!!!!!!!!!!!
150000 just snuck in at .252.. I call bs
.28's filling the ask
3am eastern
I think this is one of those "small" runs. Ha. The halt won't come until volume kicks the 100M mark or more. IMO. A move of 10% of the shares would be a good indicator on what is about to happen, then... BANG. It will give a new meaning to the "Big Bang Theory."
About 50M last report. Next report is in a week or so. Keep checking shortsqueeze. I would guess that another 5-10 M covered this past week, and most of what is left will next week.
Shorts haven't updated since earlier this month. We saw that shorts decreased by 5% a while back with the same numbers.
Yeah, just did. Figured 1st month free, can't really lose if I don't like it. Thanks for the reply.
I trade through ET, but haven't opted for the L2 yet. Just wondering if the $20 is worth it or not. Anyone have any first hand experience with ET Market Trader?
Can anyone recommend a decent low cost L2 platform? $20-30/mo. What have your experiences been with what Ihub offers?
Hey DG1! I think we all would like that very much.
Depends and Cinnabons!
Granted, but I was just giving info for drrugby to look over. He posted about it.
This is the alert I got in an email...
News Release
JPMorgan Chase Declares Common Stock and Preferred Stock Dividend
New York, September 15, 2009 - JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend of 5 cents per share on the outstanding shares of the Corporation's common stock. The dividend is payable on October 31, 2009, to stockholders of record at the close of business on October 6, 2009.
JPMorgan Chase & Co. also declared a dividend on the outstanding shares of each of the following preferred stock issues:
* 6.15% Cumulative Preferred Stock, Series E - $3.075 per share (equivalent to $0.76875 per Depositary Share)
* 5.72% Cumulative Preferred Stock, Series F - $2.86 per share (equivalent to $0.715 per Depositary Share)
* 5.49% Cumulative Preferred Stock, Series G - $2.745 per share (equivalent to $0.68625 per Depositary Share)
* Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I - $395.00 per share (equivalent to $39.50 per Depositary Share)
The dividends for the Preferred Stock Series E, F and G are payable on October 15, 2009, and the dividends for the Preferred Stock Series I are payable on October 30, 2009, in each case to stockholders of record at the close of business on September 30, 2009.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.0 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and WaMu brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com
And how do you know that Thursday is the day???
Looks like gappage this morning!!
Y! always shows much more than boerse. Even since I have been watching them back in April. Not sure why, may have something to do with the price fixings????
http://data.cnbc.com/quotes/WAMUQ/tab/8
Not as detailed but appears to be updated every day.
Here it is in English. For your viewing pleasure.
http://www.boerse-frankfurt.de/EN/index.aspx?pageID=35&ISIN=US9393221034
15 minute delay
Been out all weekend. Must say, I like, but think we are just riding te wave of lehmq. This is not the run we have been hoping for, but I still welcome it. My account is looking very sweet. Is there any news that I have missed? Haven't really seen anything of real importance after going through the threads. When do the short shares update?
Cinnabons and depends.....
Victory!!!!!!!!!! Put the Fed back in its place!!!!
GREAT FIND!!!!!
I don't think I've ever seen it like it is right now. People shouting antisemitism cowards etc. I don't want to look to far into it, but something may be up folks.