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WEEK AHEAD: J.P. Morgan, Wells Fargo, March Data, Fed Minutes

Two big banks report Friday, helping kick off earnings season. Meanwhile, more March retail data is expected to show economic weakness, the Fed is releasing its latest minutes and a handful of IPOs are slated to come out.J.P. Morgan, Wells Fargo, Alcoa, Constellation Brands Quarterly ReportsJ.P. Morgan Chase & Co. (JPM), the nation's largest bank by assets, has worked to put its "London whale" trading debacle behind it after the incident cost the firm at least $6.2 billion in losses and damaged its reputation as one of the industry's best risk managers.To that end, the company slashed Chief Executive James Dimon's 2012 pay and came through with a 53% rise in income to $5.69 billion for its fourth quarter. Analysts surveyed by Thomson Reuters expect the bank to post 7% higher earnings for its first quarter report next Friday, though a 5% reduction in revenue.Wells Fargo & Co. (WFC) also will be reporting Friday, with the market expecting an 18% rise in its bottom line.Two other major na...

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  1. Banco Santander S.A. Tender Offer on Metrovacesa

    TIDMBNCRNS Number : 9693TBanco Santander S.A.19 December 2012MATERIAL FACTBanco Santander, S.A. ("Santander") hereby announces that it has reached agreement with Ban...

  2. Spain to overhaul rescued banks as condition of aid

    Spain's four nationalized banks will more than halve their balance sheets in five years, cut jobs and impose losses on bondholders in order to receive a euro zone re...

  3. EU's Almunia: Spain Banks Should Be Recapitalized by Mid-2013

    The European Union's antitrust chief Joaquin Almunia said Monday that Spain's struggling lenders should be fully recapitalized by the middle of 2013, under the aid p...

  4. Spanish owners of Gecina file for bankruptcy: source

    Two Spanish investment firms with a majority stake in French property company Gecina have filed for bankruptcy on 1.6 billion euros ($2.1 billion) of debt, a source ...

  5. EU's Rehn: aid for Spain banks won't hurt budget goal

    The 40 billion euros ($51 billion) in European aid that Spain plans to take for its ailing banks should start flowing in November and will not push up the country's ...

  6. Spain Popular approves capital hike of up to 2.5 billion euros: source

    The board of Spain's Banco Popular has approved a capital increase of up to 2.5 billion euros ($3.2 billion), a source close to the process said on Sunday.The bank's...

  7. Spain's Popular to study capital hike at board meeting: report

    Spain's Banco Popular has called a board meeting to approve a capital increase of up to 2 billion euros ($2.57 billion), newspaper El Pais reported on Sunday.The ban...

  8. Stocks Post Bullish 3Q, But Economic Concerns Linger

    FOX Business: Capitalism Lives HereA round of stimulus measures from several of the world's most influential central banks sent the broad S&P 500 zooming close to 6%...

  9. Wall Street Cuts Losses on Spain Bank News

    FOX Business: Capitalism Lives HereThe markets pared heavy losses after traders breathed a sigh of relief that stress tests on Spain's embattled banking system were ...

  10. Popular 2Q Results: Postgame Scorecard

    Popular (NASDAQ:BPOP) posted lower net income in the second quarter compared with a year-ago period.Earnings and Revenue The company announced EPS of 63 cents a shar...

  11. Financial Sector Wrap

    The Financial sector (XLF) showed little movement on a trading day that saw S&P 500 fall 0.3%.Barclays (NYSE:BCS) was one of the sector's big losers, as its price dr...

  12. Financial Sector Wrap

    During trading today, the Financial sector (XLF) showed little change while the S&P 500 fell 0.6%.The ETF, as a proxy for the sector, tracked closer to the overall m...

  1. Banco Popular de Puerto Rico's Carrion Voted to N.Y. Fed Board Slot for Large Banks

    The Federal Reserve Bank of New York said Friday Banco Popular de Puerto Rico leader Richard Carrion will take over a slot on its board vacated last year by J.P. Mor...

  2. Banco Popular To Sell Non-performing Loans

    Popular Inc. said Friday its banking subsidiary Banco Popular de Puerto Rico agreed to sell a portfolio of loans that aren't earning interest to Caribbean Property G...

  3. Spain's Reyal Urbis Seeks Bankruptcy Protection

    Reyal Urbis SA, a real estate firm that became a stock market darling before Spain's property boom went bust, said it will file for bankruptcy protection in the face...

  4. Spanish Real Estate Company Reyal Urbis Seeks Bankruptcy Protection

    Reyal Urbis SA (REY.MC), a real estate company that became a stock market favorite during Spain's property boom, said Tuesday it will file for bankruptcy protection....

  5. Minority Small Business Owners in the Age of Obama

    Though not perfect, America offers more opportunities for ethnic and minority groups than any other nation on Earth.

  6. European Shares Cool Down After New Year's Rally

    European shares dipped on Monday after hitting a near-two year high early in the day with banking shares rising on the decision by global regulators to ease new liqu...

  7. EUROPE MARKETS: Europe Stocks Cheer U.S. Budget Deal

    European stock markets rallied Wednesday, as investors returning from New Year's cheered a deal in Washington to avert the so-called fiscal cliff, widely seen as pot...

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