Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, US, on Thursday, Oct. 13, 2022. Ting Shen | Bloomberg | Getty Images JPMorgan Chase on Friday posted fourth-quarter profit and revenue that toppedContinue Reading
(Bloomberg) — Crypto markets face weeks of deleveraging in the fallout from the crisis at digital-asset exchange FTX.com, a period of upheaval that could push Bitcoin down to $13,000, according to JPMorgan Chase & Co. strategists. Most Read from Bloomberg A “cascade of margin calls” is likely underway given theContinue Reading
A JPMorgan logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and embrace digital payments. The bank is piloting a platform it created for property owners and managers thatContinue Reading
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images JPMorgan Chase on Friday posted results that toppedContinue Reading
JPMorgan Chase & Co. shares rose Friday after the megabank beat analyst targets for third-quarter profit and revenue and said it would top forecasts for its net interest income in the coming quarter. In a busy day for bank earnings, Wells Fargo & Co. WFC, +3.61% fell short of earningsContinue Reading
Don’t let the feel-good vibes that kicked off markets in the fourth quarter lead you astray: The Federal Reserve and other central banks could still screw it all up through aggressive monetary policy. “We are increasingly worried about central banks making a policy error, and of new geopolitical tail risks,”Continue Reading
JPMorgan Chase said Thursday that second-quarter profit slumped as the bank built reserves for bad loans by $428 million and suspended share buybacks. The actions reflect Chairman and CEO Jamie Dimon’s increasingly cautious stance. “The U.S. economy continues to grow and both the job market and consumer spending, and theirContinue Reading
Opinions expressed by Entrepreneur contributors are their own. Widespread layoffs have hit the mortgage industry hard, and big banks and major corporations are not immune. Bloomberg | Getty Images JPMorgan announced on Thursday that it was laying off hundreds of employees due to rising mortgage rates amid a troubling housingContinue Reading
(Bloomberg) — JPMorgan Asset Management is doubling down on China tech stocks after enduring a tumultuous selloff, betting that an easing of regulatory crackdowns and attractive valuations will pay off well. Most Read from Bloomberg Rebecca Jiang, who co-manages three China equity funds with almost $20 billion of assets, saidContinue Reading
Don’t be duped by doomsayers, JPMorgan says — the S&P 500 will rebound to 4,900. Here are 3 stocks it’s using to bet on a bounce Looking at the S&P 500 right now, you might be convinced the stock market is destined for doom in 2022. The benchmark index roseContinue Reading