Price Crosses Moving Average
Previous Close | 137.58 |
Open | 139.56 |
Bid | 139.97 x 800 |
Ask | 140.43 x 900 |
Day's Range | 139.35 - 141.48 |
52 Week Range | 101.28 - 144.34 |
Volume | |
Avg. Volume | 14,826,034 |
Market Cap | 410.494B |
Beta (5Y Monthly) | 1.08 |
PE Ratio (TTM) | 10.14 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 4.00 (2.91%) |
Ex-Dividend Date | Jul 05, 2023 |
1y Target Est | N/A |
Two of the banking industry's top executives discussed the slowdown they expect to see this year on Wall Street.
It's been quite a few months for the banking sector. Here are three top bank stocks to buy in June. Then look no further than JPMorgan Chase (NYSE: JPM), the largest bank by assets in the U.S. The bank and its fortress balance sheet can operate in just about any environment, which makes it a rarity in a cyclical sector.
This week, for the first time in several years, JPMorgan held its Global China Summit in mainland China. The Shanghai conference gathered nearly 3,000 attendees from around the world, under the strapline “Ready for Renewal”. On the face of it, the event was meant to be another example of China’s reopening to international business post-pandemic.
JPMorgan Chase Chief Operating Officer Daniel Pinto offered his take Friday on the economy and the direction U.S. interest rates could be headed.
JPMorgan Chase said some of its banking customers who use the payment app Zelle had their checking accounts mistakenly charged twice. A spokesperson for JPMorgan Chase said Friday the bank is working to resolve the issue and will automatically reverse duplicates and adjust any related fees. Chase said late Friday afternoon the underlying issue had been resolved, and it started reversing the duplicate charges.
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JPMorgan Chase & Co's President and Chief Operating Officer Daniel Pinto said loan demand is declining at a time when regional and small banks are also tightening credit. "There is no doubt that regional banks and smaller banks are building up liquidity, building capital, so they are lending a bit less," Pinto told investors on Friday. Consumption remains positive, but there are some indications the economy is slowing, Pinto said.
JPMorgan Chase & Co's President and Chief Operating Officer Daniel Pinto said loan demand is declining at a time when regional and small banks are also tightening credit. "There is no doubt that regional banks and smaller banks are building up liquidity, building capital, so they are lending a bit less," Pinto told investors on Friday. Consumption remains positive, but there are some indications the economy is slowing, Pinto said.
Bank stocks have been “excessively penalized,” says Wells Fargo analyst Mike Mayo. Here are some names to consider.
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JPMorgan (JPM) is likely to close 21 branches of First Republic by the end of 2023. JPM has taken over failed First Republic last month.
Higher rates, decent loan demand and efforts to bolster fee income support FDIC-Insured banks' like JPM, BAC, C & WFC financials.
JPMorgan Chase, Bank of America and Citigroup have been highlighted in this Industry Outlook article.
Jamie Dimon, the chief executive of U.S. bank JPMorgan Chase & Co, is visiting Taiwan on Friday, a source with direct knowledge of the matter said, his first trip to the island in a nearly a decade, after concluding a visit to China this week. Dimon's trip to Taipei, where JPMorgan has had a banking presence since 1970, comes amid heightened tension over the democratically-governed island, which Beijing claims as its own territory. Taiwan strongly rejects China's sovereignty claims.
A U.S. judge on Thursday stopped short of approving Deutsche Bank AG's $75 million settlement with women who said that Jeffrey Epstein abused them, and that the German bank facilitated the late financier's sex trafficking. At a hearing in Manhattan federal court to consider preliminary approval of the settlement, U.S. District Judge Jed Rakoff said he needed more specifics about who qualified as members of the proposed class of Epstein victims. "If I had consensual sex with Jeffrey Epstein when I was a minor, am I covered?" Rakoff asked rhetorically.
The new cuts at the Wall Street giant amount to roughly 250 positions, following two previous rounds of layoffs.
JP Morgan Chase & Co (NYSE: JPM) looks to shut 21 branches of First Republic Bank by 2023 as it integrates the failed lender into its operations. The locations account for about a quarter of First Republic's 84 branches across eight states, Reuters cites a company spokesperson. These locations have relatively low transaction volumes and are generally within a short drive from another First Republic office, the spokesperson said. Also Read: ChatGPT Bug Bites JP Morgan: Looks To Develop AI Softwar
JPMorgan CEO Jaime Dimon raised eyebrows when he hinted at a possible run for public office. But he would have to leave JPMorgan first. Yahoo Finance's David Hollerith takes a closer look at who could potentially succeed Dimon as CEO.
JPMorgan Chase & Co will shut 21 branches of First Republic Bank by the end of the year as it integrates the failed lender into its operations, a JPMorgan spokesperson said on Thursday. The lender, which was the largest to collapse since the 2008 financial crisis, was seized by regulators in May and sold to JPMorgan. "These locations have relatively low transaction volumes and are generally within a short drive from another First Republic office," the spokesperson said.
JPMorgan Chase CEO Jamie Dimon, 67, is at the bank's Global China Summit in Shanghai and recently said he has no intention of retiring soon.
A rise in funding costs due to higher rates, waning loan demand, weakening asset quality and recession risk will hurt Zacks Major Regional Banks' financials. Yet, industry players like JPM, BAC & C are worth watching on restructuring and digitization efforts.
Former top JPMorgan executive Jes Staley said in legal documents that he communicated with CEO Jamie Dimon about the bank’s business with convicted sex offender Jeffrey Epstein.
The CEO said he doesn't recall his executives raising concerns about Epstein during the period when the convicted sex predator was a customer of the bank.
Bank’s chief executive testifies that former general counsel had ‘ability to override’ other executives
Jamie Dimon on Wednesday said the current status of the U.S. banking system was 'nothing like 08.' He told Bloomberg Television that 'there's nothing like that leverage in the system.'