Latest News for JPMorgan, Intel, Exxon (NYSE:JPM),(NASDAQ:INTC),(NYSE:XOM)
Latest news is JPMorgan Chase & Co. (NYSE:JPM) bought real estate loans from Citibank, Intel Corporation’s (NASDAQ:INTC) receives an industry downgrade, and Exxon Mobil Corporation (NYSE:XOM) springs a leak.
JPMorgan Chase & Co. (NYSE:JPM) bought a $3.5 billion portfolio of real estate loans from Citibank, the company said Tuesday. JPMorgan said the portfolio includes about 3,800 loans, most of which are multifamily real estate loans for properties in New York, California, and Illinois. It said the portfolio is made up entirely of performing loans that have strong credit performance. The deal will reduce assets by $3.5 billion at Citi Holdings, Citigroup's portfolio of noncore operating businesses and assets. – AP
Shares of Intel Corp (NASDAQ:INTC) and Advanced Micro Devices Inc fell on Tuesday after analysts downgraded shares of the world's top chip maker, warning of a weakening outlook for corporate and consumer IT spending globally. Robert W. Baird and Barclays said they expected a subdued third quarter for Intel (NasdaqGS:INTC - News), even though Intel and competitor Advanced Micro Devices Inc (NYSE:AMD - News) said last month they expected a strong three months. – Reuters
Exxon Mobil Corporation (NYSE:XOM) reported no impact on supplies from its 560,640 barrel-per-day (bpd) Baytown, Texas refinery, the nation's largest, after a scrubber pump leak in the gasoline-making fluid catalytic cracker. According to a filing on Tuesday with the Texas Commission on Environmental Quality Exxon said the FCCU was being operated at minimum feed and air rates, and the leak was fixed in less than 90 minutes. "There was no impact on supplies and all customer needs were met," Exxon said in the filing. - Reuters