News & Events:JPM

Capital One Financial Corp (COF) defeated a lawsuit on Wednesday brought by large patent owner Intellectual Ventures, after a U.S. judge invalidated two of IV's patents, according to the court opinion.

- Bank of America Corp's (BAC) financial crisis hangover is lasting longer than expected, leading some investors to wonder if the massive litigation expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items.

LOS ANGELES— California is selling $750 million of general obligation debt next. The largest auction is for $575 million of tax-exempt bonds, which will finance transportation projects in the state, according to Tom Dresslar, a spokesman for Treasurer Bill Lockyer. The remaining $175 million will be taxable and includes $80 million of new money and $95 million...

L.O.: Friday Eldredge& Clark, Little Rock, AR.. F.A.: First Security Beardsley Public Finance, Little Rock, AR.. Winning bid: Crews& Associates, at 98.0428, TIC 3.6298%.

Citigroup Inc (C), which aspires "to become the world's digital bank", will not webcast its annual meeting next week in St. Louis. Of the top six U.S. banks, only Citigroup (C) and Wells Fargo & Co (WFC) do not allow investors to listen to live audio from their annual meetings. Analyst Mike Mayo told Reuters on Wednesday that Citigroup's (C) practice is "ludicrous."

Bank of America Corp. (BAC) today reported more mediocre results, with a first-quarter net loss springing from another major mortgage-related settlement. But there are two silver linings. The bank's shares slumped over 3% on the net loss of $276 million, or 5 cents a share, compared with earnings of $3.4 billion, or 29 cents, in the fourth quarter, and $1.5 billion, or 10 cents, a year earlier.

Earnings season for the nation's largest banks has been a mixed bag, with a weak quarter and stock slide for J.P. Morgan Chase& Co., a solid start to the year for Wells Fargo& Co., and a pleasant surprise for the cheaply valued Citigroup Inc. (C) . Many of the biggest banks are getting in their own way, particularly Citigroup (C), with its complicated international set of businesses and the painful fraud recently discovered in its Banamex unit in Mexico.

- Bank of America Corp's (BAC) mortgage pain is lasting longer than expected, leading some investors to wonder if the massive expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items.

* "Traderspeak" incomprehensible to most people. * Firms developing software to detect dubious activity. * Programme can scan billions of communications. By Jamie McGeever. "What's your interest in Bill and Ben in the pick?"

JPMorgan Chase & Co. (JPM) declared a quarterly dividend on the outstanding shares of each of the corporations’s following preferred stock issues: The dividend payment date is Sunday June 1, 2014, and the dividend will be paid on June 2, 2014, to stockholders of record at the close of business on May 2, 2014.

* Credit Suisse Q1 net profit 859 mln Sfr vs poll 1.155 bln. * Aims to pay dividend at least at 2013 level of 0.70 Sfr. * Focused on resolving U.S. probe into tax offences. * Set aside 107 mln Sfr more for legal fees in Q1. By Katharina Bart.

A U.S. government watchdog on Wednesday warned that big banks have dramatically boosted their borrowing from a federal housing finance program, a move that could pose risks to the government-sponsored system if a big borrower defaulted.

Winning bid: PNC Capital Markets (PNC), at 115.5127, TIC 1.9506%. F.A.: Division of Bond Finance, Tallahassee, FL.. BA Merrill Lynch, TIC 2.0671%.

Delinquency rates fell in most major U.S. banks for the month of March as consumers quickened payment of their loans. Net charge off rate Delinquency rate.

JPMorgan Chase & Co. (JPM) declared a quarterly dividend on the outstanding shares of each of the corporations’s following preferred stock issues: The dividend payment date is Sunday June 1, 2014, and the dividend will be paid on June 2, 2014, to stockholders of record at the close of business on May 2, 2014.

The abrupt firing of Symantec Corp Chief Executive Steve Bennett last month is attracting activist investors and private equity firms to the U.S. security software maker, in a development that could potentially lead to its breakup or sale, sources familiar with the situation said.

NEW YORK-- Financial stocks rose on Tuesday, bucking the broader market and after three giant U.S. banks reported mixed results and investors waited for three more big banks to report later this week. The Financial Select Sector SPDR Fund, which tracks financial stocks in the S&P 500, was up 0.1%. Morgan Stanley (MS) shares traded at $29 a share, up 0.2%.

WASHINGTON-- The Federal Reserve is actively considering new rules to address risks in short-term wholesale funding markets, Federal Reserve Chairwoman Janet Yellen said Tuesday at an Atlanta Fed banking conference. One rule, likely only to be applied to large and complex banks, would require firms to hold larger amounts of capital, stable funding, or highly liquid assets based on use of such funding. Another, which could be applied market-wide, could involve minimum margin...

* European Parliament gives thumbs up to centrepiece reform. * New agency will close failed banks under ECB watch. By John O'Donnell. European lawmakers finally signed off on Tuesday on new laws to make it easier to shut problem banks after long wrangling over rules for an industry blamed for triggering the worst economic slump in a generation.

NEW YORK, April 15, 2014 Today, Analysts Review released its analysts' notes regarding JPMorgan Chase & Co. (JPM), Piedmont Office Realty Trust Inc. (PDM), National Bank Holdings Corp. (NBHC), First Industrial Realty Trust Inc. (FR), and iStar Financial Inc. (STAR). Private wealth members receive these notes ahead of publication.