|Bid||115.62 x 1200|
|Ask||115.63 x 3200|
|Day's Range||114.89 - 116.38|
|52 Week Range||88.08 - 119.33|
|PE Ratio (TTM)||15.47|
|Forward Dividend & Yield||2.24 (1.95%)|
|1y Target Est||N/A|
Devin Ryan, a senior analyst at JMP Securities, and Gerard Cassidy, an analyst at RBC Capital Markets, discuss CNBC.com's report that J.P. Morgan will offer a new digital investment app with free trading starting next week. They believe this is a way f...
CNBC.com's banking reporter Hugh Son joins the 'Squawk Box' team to discuss J.P. Morgan's new brokerage app, how it works and how it will compete against similar apps.
J.P. Morgan Chase unveils its new investing app, You Invest. The move by the country's biggest bank includes at least 100 free trades in the first year, instantly intensifying the price war that is occurring throughout the investing landscape.
Discount broker stocks dive after J.P. Morgan Chase & Co. said it will launch a rival trading service next week with an even bigger discount--free.
Morgan Stanley's move comes a week after Goldman Sachs Group Inc (GS.N) stopped its coverage of Tesla last week shortly before confirming it was acting as a financial adviser on a matter related to the automaker. Morgan Stanley's website showed Tesla had been moved to "Not Rated" from "Equal-weight" on Tuesday without providing further details on the reason for dropping coverage. Shares of Palo Alto, California-based Tesla rose to a high of $324.79 on Tuesday, bouncing off a three-month low on Monday when JP Morgan slashed its price target on the company by $113 and said it believed Chief Executive Elon Musk had not secured funding for taking Tesla private.
JPMorgan Chase (JPM) is escalating the trading app competition and plans to offer free trades to lure customers and their assets. Starting next week, the bank’s 47 million mobile and online users will be able to make 100 stock or ETF trades for a year with no charge, a company spokesman confirmed to Barron's. CNBC first reported the news. After the first year, customers with Premier-levels accounts — those with more than a combined $15,000 at the bank — will continue to get 100 free trades annually.
Shares of online brokerage companies were hit hard this morning after CNBC reported that JPMorgan Chase (JPM) is planning to launch a new free digital investment app next week, which has been deemed “You Invest.” Shares of E-Trade Financial (ETFC), Charles Schwab (SCHW), and TD Ameritrade Holding (AMTD) have fallen ~4%, ~3.5%, and ~5.7%, respectively. On the other hand, shares of JPMorgan have risen 1.2%. JPMorgan has outperformed the Financial Select Sector SPDR ETF (XLF) year-to-date.
Shares of several major brokerage companies--including Charles Schwab (SCHW), TD Ameritrade (AMTD), and E-Trade (ETFC)--fell in morning trading Tuesday as JPMorgan Chase (JPM) unveiled a new mobile application which will feature free trading.
Any bank customer can get at least 100 free stock or exchange-traded fund trades for one year, with no account minimums, said bank spokesman Darin Oduyoye. The digital investing service, which JPMorgan hinted at during a February presentation to investors, amplifies price crunching across the investing industry and could dig into competitors. Corp. and TD Ameritrade have been cutting trading fees in an aggressive bid to attract more customers, and some financial technology startups are already offering no-fee trades.
The bottom fishing tends to be a bad bet with value trap stocks and is something JP Morgan is warning could happen more often in the current investment environment. In a research note covered by Bloomberg, Mark Richards, a global strategist at JP Morgan Asset Management warned value traps are close to a thirty-year high on a global basis.
J.P. Morgan Chase & Co. ( JPM) is disrupting the retail investing realm with its latest app, which will offer free trades. Users who download the banking app or use the website will get up to 100 free trades in the first year, CNBC reports. J.P. Morgan has been working on the technology for two years.
Online brokerage firms including Charles Schwab, TD Ameritrade and E-Trade drop Tuesday on Wall Street after CNBC reported J.P. Morgan Chase will offer a free trading service.
MARKET PULSE Shares of discount brokers slumped in premarket trade Tuesday, after a report that J.P. Morgan Chase & Co. (jpm) was taking aim with a plan to launch a new digital brokerage service that comes with free trades.
The bank's move instantly intensifies the price war that is occurring throughout the investing landscape. J.P. Morgan, the biggest U.S. bank, has a distinct advantage over competitors, including start-ups with slick trading apps: It already has financial ties with half of American households.
Scott Black (Trades, Portfolio), chief investment officer and chief compliance officer of Delphi Management Inc., disclosed on Monday that his top five buys for the second quarter were JPMorgan Chase & Co. (JPM), Principal Financial Group Inc. (PFG), Equinor ASA (EQNR), Whiting Petroleum Corp. (WLL) and Knoll Inc. (KNL). Warning! GuruFocus has detected 7 Warning Signs with PCG.
PitchBook's Manhattan branch started 2018 with 61 employees. It now anticipates to grow to a 100-person team by the end of 2018.
Amazon (AMZN) is considering building an insurance comparison website in the United Kingdom (EWU). It’s in talks with European insurers to see if they would contribute products to the creation of a UK price comparison site, according to a Reuters report. Amazon already has an extensive price-comparison service for products on its website, but if it launches its insurance price comparison site in the United Kingdom, it will be a separate offering in a new market.
Among this year's crop of new exchange traded funds, the JPMorgan BetaBuilders Japan ETF (NYSE: BBJP ) and the JPMorgan BetaBuilders Europe ETF (NYSE: BBEU ) are the stuff of legend. Both of those funds ...
There was no doubt there was a market for consolidating food delivery and a stock like GRUB stock. Just as other sectors have found that focusing on what you do best — like make food — was better than trying to manage various other platforms to grow, so there was a need in food service.
Slashing its price target for Tesla Inc from $308 to $195, the brokerage said it did not believe Chief Executive Officer Elon Musk had funds for a plan announced by a tweet that said "funding secured" two weeks ago. Analysts from the U.S. bank had upped its forecast from $198 to $308 after a roughly $100 surge in Tesla stock following Musk's tweets on Aug. 7 and the note on Monday was the latest evidence of scepticism about the deal on Wall Street. People familiar with the matter said on Sunday that PIF, the Saudi Arabian sovereign wealth fund that Musk says had been pressing to help fund the buyout, is in talks to invest in aspiring Tesla rival Lucid Motors Inc.
The IPO comes on the heels of a revenue spike — $173 million in the first half of 2017 and $268 million in the first half of 2018.
As interest rates soar, pop goes loan yields. Now is prime time to capitalize. With economic growth recovering, loan losses are getting narrower in the process. In other words, the banking sector is a savvy bet these days.
President Donald Trump is calling on federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense. In a tweet early Friday, Trump said that after speaking with several top business leaders, he's asking the Securities and Exchange Commission to determine whether shifting to a six-month reporting requirement would help companies grow faster and create more jobs. Trump later told reporters the idea was especially urged on him by Indra Nooyi, CEO of PepsiCo, who is stepping down in October.
NEW YORK/WASHINGTON, Aug 17 (Reuters) - U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should give financial updates to investors. Such a switch would mark a huge change in the U.S. Securities and Exchange Commission's disclosure requirements and put them in line with European Union and United Kingdom rules. Trump said on Twitter that meetings with business leaders had convinced him that the change would give companies more flexibility and reduce costs.