|Bid||27.18 x 1300|
|Ask||27.20 x 3100|
|Day's Range||27.16 - 27.28|
|52 Week Range||25.00 - 27.47|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||2.93|
|Forward Dividend & Yield||2.12 (7.75%)|
|1y Target Est||N/A|
The Global CIO of fixed income at BlackRock said the Federal Reserve should aggressively cut interest rates.
Citigroup earnings and revenue beat Q2 views, helped by its Tradeweb stake. Citigroup stock reversed lowered but is holding in a buy zone.
The Dow Jones was mostly unchanged in afternoon trading as Wall Street awaited earnings from Dow stocks JPMorgan and Goldman Sachs Tuesday.
On Tuesday, July 16, JPMorgan Chase (NYSE: JPM ) will release its latest earnings report. Here is Benzinga's outlook for the company. Earnings and Revenue Analysts covering JPMorgan Chase modeled for quarterly ...
Geo Group and CoreCivic lose ground as another bank joins list of those refusing to do future business with private prison operators.
According to its CEO, the largest of the "too big to fail" money center banks is not forecasting a recession but is planning for one.
(Bloomberg) -- JPMorgan Chase & Co. and Morgan Stanley lost out on their cut of what would’ve been the year’s biggest initial public offering last week.The top two advisers on Anheuser-Busch InBev SA’s Asia Pacific unit IPO would’ve split up to $140 million to $170 million in fees, according to people with knowledge of the matter. The world’s biggest brewer intended to raise as much as $9.8 billion before it announced Friday that it wouldn’t proceed with the listing citing “prevailing market conditions.”Click here to read more about the IPO’s failure.Advisers of Budweiser Brewing Company APAC Ltd. were slated to split about 2% of the funds raised in the IPO, said the people, who asked not to be identified because the information is private. Sponsors, or lead arrangers, would take home about 70% of the fee pool plus potential incentive payments, the people said.The banks’ reputations are taking a hit alongside their wallets as some analysts blame them for the IPO’s failure. Morgan Stanley has been ranked No. 1 for equity offerings in Asia Pacific since 2017, according to data compiled by Bloomberg. JPMorgan is eighth on equity deals in the region so far this year.“AB InBev and its bank consortium headed by JPMorgan and Morgan Stanley failed to properly price, attract cornerstone investors and drum up demand,” said Nikolaas Faes, an analyst at Bryan Garnier & Co., in a note to clients where he called the IPO a “fiasco.”Read more analyst comments on the IPO here.Representatives for AB InBev, JPMorgan and Morgan Stanley declined to comment.Budweiser had planned to seek $8.3 billion to $9.8 billion in the Hong Kong IPO, valuing the business at as much as $64 billion. It could’ve been the biggest IPO so far this year, taking advantage of the beer market’s growth in Asia to attract investors, and surpassing Silicon Valley darling Uber Technologies Inc.’s May share sale.\--With assistance from Albertina Torsoli.To contact the reporters on this story: Crystal Tse in Hong Kong at firstname.lastname@example.org;Vinicy Chan in Hong Kong at email@example.comTo contact the editors responsible for this story: Fion Li at firstname.lastname@example.org, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
When JPMorgan Chase’s new finance boss Jenn Piepszak makes her quarterly earnings debut this week, investors in the biggest US bank will be watching for more than just the usual guidance on dealing with low interest rates. Tuesday’s results will be the first time JPMorgan Kremlinologists can assess Ms Piepszak and her rapport with the bank’s long-serving boss Jamie Dimon since she was named chief financial officer in April.
J.P. Morgan's (JPM) chief global strategist, David Kelly, told CNBC yesterday that he doesn’t think that rate cuts will boost the US economy.
JPMorgan Chase says its new automated platform, known as You Invest Portfolio, is cheaper than offerings from its big bank rivals. But Barron’s finds other robo offerings that still cost less.
JPMorgan Chase & Co intends to lower the minimum account balance on its new digital investment product You Invest Portfolios to as low as $1,000, an executive said Wednesday. The biggest U.S. bank by assets launched its robo-adviser on Wednesday with a minimum account balance of $2,500 and an annual fee of 0.35%, or 35 basis points, of assets. You Invest Head Jed Laskowitz said that during the year they spent testing the product with a select group of employees and bank clients, customers frequently said that lack of funds was a major reason they did not invest.
The aim of the product, which sits inside the bank’s mobile app, is to attract what an executive called “starter segment” customers, those who are just beginning to invest.
JPMorgan Chase jumped into the crowded robo-advisory business Wednesday, offering a service that builds a portfolio of free ETFs.
JPMorgan's new digital investing service, You Invest Portfolios, makes use of algorithms to select investment options tailored to individual customer needs. Instead, JPMorgan will charge customers an annual fee of 0.35% (35 basis points) to invest their capital in investment portfolio made up of the bank's ETFs.
JP Morgan is making another bid to attract customers, this time with low cost ETFs powered by computer driven advising. Todd Rosenbluth, Head of ETF & Mutual Fund Research at CFRA, joins Seana Smith on 'The Ticker' to discuss.