|Bid||0.00 x 1100|
|Ask||26.04 x 1200|
|Day's Range||26.01 - 26.07|
|52 Week Range||24.22 - 26.45|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||2.81|
|Forward Dividend & Yield||1.44 (5.66%)|
|1y Target Est||N/A|
UBS, Invesco and J.P. Morgan topped Shanghai-based Z-Ben Advisors' annual rankings for the 25 best foreign money managers in China. This year's rankings also found that the gap between the top six foreign money managers and the 19 others is growing. "The China question still depends most on where the global managers are themselves, not where the market is," Z-Ben Partner Chantal Grinderslev says.
The new features are part of JPMorgan's Interbank Information Network, which currently serves more than 220 banks around the world.
It's the second bank to recently announce plans of adding a retail presence in the Charlotte market.
The banking giant’s executives have already sold $35.7 million in stock so far this year, compared with $26.5 million in all of last year. The biggest seller in 2019 is a potential Jamie Dimon heir.
Chase and Wells Fargo both offer high-net-worth accounts, but the two differ in their services, such as concierge banking and rare credit cards.
Wall Street’s top six banks posted a decidedly mixed set of results for the first quarter, with retail banks generally triumphing over their more capital markets focused rivals and dealmakers having a better time of it than traders. Investor reaction was most decisive against Goldman Sachs. Analysts attributed the fall to Goldman’s decision to defer a much-anticipated strategic update until early next year.
JPMorgan reported adjusted net income of $9.18 billion. Earnings per share of $1.20 handily beat estimates of $1.09. While Citigroup certainly isn't in any trouble, there does seem to be some stagnation.
JPMorgan director Mellody Hobson, George Lucas’s wife, disclosed that The GWL Living Trust bought $2 million more of the bank’s stock. The trust now owns 75,355 JPMorgan shares.
Tracking the movements of hedge fund managers can give investors a wealth of ideas. Here are three intriguing companies hedge funds have been buying up recently.
JPMorgan Chase & Co. revealed the first awards of its $500 million "Advancing Cities" initiative. JPMorgan Chase CEO and chair Jamie Dimon made the announcement Thursday at an event in Louisville: Advancing Cities was launched last year as a competition for cities to come up with plans for innovative solutions to drive growth and create economic opportunity. The program applies insights from JPMorgan's philanthropic investments in cities like Detroit to creative solutions on a smaller scale.
While Jamie Dimon isn't expected to leave anytime soon, the executive shuffle at JPMorgan could be 'hugely significant' for succession.
U.S. stock futures declined Thursday and global stocks were lower as investors adopted a cautious stance ahead of the release of the Mueller report into allegations of Russian election and news of renewed weapons tests by North Korea that threatened to unravel Donald Trump's broader Asia strategy on trade and security. Contracts tied to the Dow Jones Industrial Average fell 29 points, futures for the S&P 500 declined 1.65 points, and Nasdaq futures were down 5.25 points. North Korea's state media said officials had conducted a "tactical" weapons systems test, the first since Trump and Kim Jong Un met in Hanoi earlier this year, although it didn't appear to be a long-range missile capable of carrying a nuclear warhead.
said Chief Financial Officer Marianne Lake will step down to become head of the bank's consumer-lending operations, while Jennifer Piepszak, the company's head of card services, will be finance chief. Lake, who was named chief financial officer in 2012, has long been viewed as a contender to succeed Jamie Dimon as JPMorgan Chase CEO, according to The Wall Street Journal. Piepszak's move to finance chief makes her one of JPMorgan's most prominent representatives and gives her broad influence over the bank's businesses, according to the Journal.
Dimon is not expected to retire soon, but has noted that he may step down in four or five years. Dimon has been CEO of JPMorgan since 2005.
JPMorgan Chase & Co shuffled the jobs of two of its most senior women executives on Wednesday, moving Chief Financial Officer Marianne Lake to a role leading consumer lending and naming the head of card services Jenn Piepszak to replace her. The moves, which take effect on May 1, were announced in an internal memo signed by Chief Executive Officer Jamie Dimon and the bank's two co-presidents. Lake has won praise from investors and Wall Street analysts for handling the CFO job and Dimon's demands.
The announcement was made in an memo to employees from CEO Jamie Dimon and co-Chief Operating Officers Daniel Pinto and Gordon Smith.
Top U.S. banks must make deeper cost cuts to drive earnings growth, with revenue expected to remain under pressure for the foreseeable future, analysts said. Cost cutting was already a major driver of bank earnings for the first quarter. With the exception of JPMorgan Chase & Co, revenue fell at the biggest U.S. lenders as lower market volatility weighed on trading and recession fears dulled clients' appetite for borrowing.
Autonomy’s management waged a “vendetta” against Daud Khan, that culminated in Lynch offering to hire JPMorgan as an adviser on its next transaction if he was replaced, Khan told a London court Wednesday. Khan, who worked for JPMorgan’s Cazenove unit until 2011, was testifying on behalf of Hewlett Packard Enterprise Co. in its $5.1 billion suit against the British software founder. “JPMorgan senior management did not ultimately bow to Dr. Lynch’s pressure and I remained the analyst covering Autonomy," Khan said.
“When you talk about branches, you are talking about investment for the long-term, and when I say long-term, multiple years, decades."
JPMorgan Chase CEO Jamie Dimon on the bank's work in China, U.S. trade negotiations with China, his testimony before the House Financial Services Committee, potential government intervention in banking, regulations, public policy and health care.
Louisville Mayor Greg Fischer on the impact of the $3 million grant the city received from JPMorgan as part of the AdvancingCities Challenge, job skills training, education and the importance of bourbon and tourism to the city.