Double Take: JPMorgan Quietly Raising $6 Billion

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Home Double Take: JPMorgan Quietly Raising $6. and reported that data it had compiled showed that JPMorgan is quietly planning a $6 billion offer of perpetual preferred stock — the biggest.

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In fact, his Blue Ash-based company, Unifund Corp., has quietly built a $12 billion portfolio of unpaid bills, much of it delinquent credit card accounts from banking titans like Citibank, JPMorgan.

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Of course, that cuts both ways. When Facebook’s stock slid 8 percent in a day after the Cambridge Analytica privacy scandal broke, Zuckerberg lost more than $6 billion.—–With a single move, Amazon could create $2 billion out of thin air. The company just said it will raise the annual price of its prime membership program to $119 from $99.

Snap Inc. quietly filed for an Initial Public Offering (IPO) just before the U.S. election, sources "close to the matter" said Tuesday. Reuters reported that the California-based parent company of the Snapchat app filed with the Securities and Exchange Commission (SEC) on Nov. 8, 2016, and opted.

JPMorgan Chase & Co, the country’s biggest bank by assets, has been the exception. It increased revenue and beat expectations while seeing expenses rise as it invests in new technology. Allowing for different tax treatments on some assets, Bank of America said revenue came in at $23.2 billion (17.8 billion pounds).

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