|Bid||110.62 x 200|
|Ask||110.63 x 400|
|Day's Range||109.35 - 110.69|
|52 Week Range||81.64 - 119.33|
|PE Ratio (TTM)||17.50|
|Earnings Date||Jul 13, 2018|
|Forward Dividend & Yield||2.24 (2.04%)|
|1y Target Est||122.00|
Apr.26 -- John Bilton, head of global multi-asset strategy at JPMorgan Asset Management, discusses the Brexit process and the possibilities of a deal. He speaks with Francine Lacqua on "Bloomberg Surveillance."
Apr.24 -- Vince Reinhart, BNY Mellon Asset Management chief economist and former Federal Reserve senior staffer, and Gabriela Santos, JPMorgan Asset Management global market strategist, discuss the signs pointing to a weaker U.S. dollar in the medium to long-term. They speak on "Bloomberg Surveillance."
Charles Schwab Chief Executive Walt Bettinger warned technology companies thinking about entering the investment business to think again. If they think regulation is bad now, it will only get worse as a player in financial services, the executive said in an interview with Bloomberg. "If you're a FAANG-type company and you decide you want to come into our space in a manner consistent with the way we operate, you will invite the Federal Reserve into every single thing you do," Bettinger said.
During 2017, many large US banks reported a material slowdown in the growth of noninterest-bearing deposits, a credit negative, Moody's Investors Service says in a new report. This trend is likely to continue in 2018 as short-term interest rates rise further, which opens the possibility for an outright contraction in banks' noninterest-bearing deposits, though this could be mitigated by growth in low-cost interest-bearing alternatives, such as interest checking. "The deposits held in noninterest-bearing accounts are at the heart of a typical banking relationship, forming a cornerstone or 'crown jewel' in banks' franchises," Moody's Senior Vice President Allen Tischler says.
J.P. Morgan Private Bank had a stellar first quarter this year. It's all part of the bank's plan for aggressive growth in the Minneapolis/St. Paul area.
Goldman Sachs Group Inc. is joining its peers on a platform for structured notes run by a group of global banks, including JPMorgan Chase & Co. and Citigroup Inc.
As oil prices continue to soar major oil nations are seeing revenues spike, but those profits are unlikely to hit the global market this year
The stock market may be declining this week as first quarter earnings season is in full swing, but the reports out of the companies so far have been stronger than estimates. The Fidelity Investments executive noted that earnings estimates have grown to an increase of 18.7% in the one week since corporate America started offering up its results for the first three months of the year. "Really an amazingly bullish story," said Timmer, noting that the market is currently in digestion mode.
Philadelphia's banking community is ready for the formidable retail bank to spread its wings in this market.
The megabank has pledged 70 branches and $4.5 billion in lending in five years. Experts take a look at how it could accomplish that.
JPMorgan Chase Financial Company LLC (the “Issuer”) today announces the pricing of its offering of $600 million of cash-settled equity linked notes linked to the common stock of Voya Financial, Inc. (“Voya”) due May 1, 2023 (the “Notes”). The Notes are being sold in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). JPMorgan Chase & Co. will fully and unconditionally guarantee the Issuer’s obligations under the Notes.
The 10-year Treasury yield has finally done it, surpassing the widely watched 3 percent level on Tuesday. With investors fixated on what rising interest rates will mean for the overall stock market, it is worth noting that a number of individual equities tend to thrive during environments of rising yields like this. Jeffrey Gundlach, who manages $118 billion for DoubleLine, told CNBC on Monday that if the 10-year Treasury yield closes above the widely watched 3 percent mark, it could spark an even bigger rate rise.
International Business Machines (IBM) is gaining market traction in the AI (artificial intelligence) technology space, driven by its cutting-edge Watson AI platform. The company’s growing cloud business is embedded with AI technology.
Office-space manager WeWork is planning to sell $500m of high-yield notes maturing in 2025, in a deal expected to price this week. One reason this matters is that it is the first time the company has sold ...
In the second week of April 2018, St. Jude Children’s Research Hospital announced the launch of the St. Jude Cloud, which it described as the world’s largest public store of pediatric cancer genomics data. The St. Jude Cloud runs on Microsoft’s (MSFT) Azure cloud computing platform.
JPMorgan Chase Financial Company LLC (the “Issuer”) today announces the launch of an offering of its cash-settled equity linked notes linked to the common stock of Voya Financial, Inc. (“Voya”) due May 1, 2023 (the “Notes”). The Notes will be sold in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). JPMorgan Chase & Co. will fully and unconditionally guarantee the Issuer’s obligations under the Notes.
The mortgage lending market is starting to slow, particularly for large, national banks. As a result, a handful of them, including Bank of America Corporation ( BAC), Wells Fargo & Company ( WFC) and JPMorgan Chase & Co. ( JPM), are pouring tons of money into mortgage apps and websites, betting that this is the way to drive younger home buyers their way. The moves, highlighted in a Reuters report, are also aimed at eliminating errors in paperwork and making it easier and quicker for customers to get approved for a home loan.
On the heels of a market friendly tax cut, record corporate earnings and a chorus of talking heads including yours truly predicting another year of rising stock prices, only one thing is missing. Every bull market has its wall of worry and this year is no different. The usual market killing suspects are all doing their best to keep investors off balance.
While the bank will more than likely compete with bigger banking giants for business, local banks could feel a recruitment squeeze, experts say.
ETF inflows maintained the strong momentum last week amid solid corporate earnings growth. According to FactSet, US-listed ETFs attracted $11 billion worth of inflows, which takes the year-to-date inflows to $82.1 billion. The smart recovery in global stocks inspired investors to put $7.9 billion into equities (JPM) (WFC) (C)—$6.8 billion was in US equities, while the remaining was in international equities. US fixed-income ETFs added $2.2 billion, while international fixed-income ETFs garnered $458 million. The benchmark ten-year Treasury yield rose to 3% compared to 2. ...
The six big US banks (XLF) (VFH)—JPMorgan Chase (JPM), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS), Morgan Stanley (MS), and Bank of America (BAC)—posted record profits in 1Q18 due to tax savings under the new tax law. According to an Associated Press estimate, the six banks saved at least $3.59 billion last quarter due to the new tax law.
JPMorgan Chase (JPM) is trying to create a market in credit-default swaps tied to the bonds of Tesla (TSLA). A JPMorgan trader has sent around quotes to see if clients are interested in buying or selling CDS referencing Tesla bonds, according to people with direct knowledge of the trading. First off, there’s only one set of Tesla bonds the CDS can reference, which makes creating a robust, deeply traded market more challenging.