|Bid||113.90 x 900|
|Ask||115.45 x 1300|
|Day's Range||113.56 - 114.65|
|52 Week Range||93.34 - 119.33|
|PE Ratio (TTM)||15.30|
|Earnings Date||Oct 12, 2018|
|Forward Dividend & Yield||2.24 (1.97%)|
|1y Target Est||122.56|
WeWork Cos said it surpassed JP Morgan (JPM.N), the biggest U.S. bank, as the largest tenant of Manhattan office space, a milestone highlighting growing demand for flexible leases. WeWork, a provider of co-work spaces with flexible leases that now has more than 50 locations in Manhattan, said in a blog post on Monday it signed a lease for 258,344 square feet at 21 Penn Plaza. The move makes it the largest private occupier of office space on the island with more than 5.3 million square feet.
The Board of Directors of JPMorgan Chase & Co. declared a quarterly dividend on the outstanding shares of the common stock of JPMorgan Chase.
Chase Bank is going after a building that houses a law firm owned by disgraced Texas State Sen. Carlos Uresti.
Office-sharing powerhouse WeWork Cos. is now Manhattan’s biggest private occupier of offices, the company said in a blog post. Data from brokerage Cushman & Wakefield last month put WeWork at No. 2, with 5.14 million square feet of offices, surpassed only by JPMorgan Chase & Co., with 5.2 million square feet. According to the blog post, written by WeWork Chief Development Officer Granit Gjonbalaj, it was a deal for 258,344 square feet at 21 Penn Plaza that pushed the firm to the top of the list.
The Libyan Investment Authority sued JPMorgan Chase & Co. in London, saying the lender paid more than $6 million in bribes to secure a $200 million bond deal. JPMorgan’s Bear Stearns sent the payments to businessman Walid Al-Giahmi -- a close friend of the Qaddafi regime -- to arrange deals in a contract that was no more than a “sham” agreement, according to London court documents released Tuesday. The LIA, an oil wealth fund set up under former dictator Moammar Qaddafi, is pursuing a number of claims against major banks seeking to nullify unprofitable deals that may have been influenced by bribes.
IBM’s (IBM) Watson AI platform seems to be seeing higher adoption across the industry, driven by the ongoing digitalization trend. Watson AI technology, combined with machine learning, offers key insights to complex business problems for IBM’s Fortune 500 clients.
Banking may be the next big segment with promising potential for Amazon.com Inc. ( AMZN). A study conducted by the leading management and consultancy firm Bain & Co. indicates high level of interest and willingness among the bulk of Amazon Prime members to try a free online checking account if offered by the e-commerce biggie. Around two-thirds of Amazon's Prime members said that they would try a free online digital bank account from Amazon, while 43 percent of the non-Prime regular Amazon customers and 37 percent of non-Amazon customers also gave affirmative responses for banking services from the retailer.
The $900 million will be tacked onto the $5.3 billion paid to merchants in 2012. Visa's share of the additional settlement payment is $600 million, while Mastercard agreed to pay $108 million on a pre-tax basis, according to Securities and Exchange Commission filings.
There are a few reasons to consider going long Bank of America (NYSE:BAC) now. Bank of America stock, JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS) and others are all high-quality names with low valuations. As a result, there are a few pros and cons to owning Bank of America stock right now.
Sjoerd Leenart, global head of corporate banking at JPMorgan, discusses the trade tensions between the U.S. and China, his investment strategy, his China strategy, their investment in the Saudi Arabia's ...
Gary Cohn, the former economic adviser to U.S. President Donald Trump, gave a ringing endorsement of Wall Street bankers on Monday, arguing that borrowers were just as responsible for the 2007-2009 financial crisis as lenders and ridiculing rules intended to make the system stronger in its aftermath. In a wide-ranging conversation at an event hosted by Reuters Breakingviews that was pegged to the 10-year anniversary of Lehman Brothers’ collapse, Cohn’s comments mostly tracked the sentiment of Wall Street bankers and other wealthy Americans who have felt unfairly maligned for the mortgage market’s collapse and the economic downturn that ensued. Once the No. 2 executive at Goldman Sachs Group Inc (GS.N), Cohn argued that no top bankers should have gone to jail for their role in the crisis because they did not necessarily do anything illegal, despite what populist movements like Occupy Wall Street have demanded.
Gary Cohn, the former economic adviser to U.S. President Donald Trump, gave a ringing endorsement of Wall Street bankers on Monday, arguing that borrowers were just as responsible for the 2007-2009 financial crisis as lenders and ridiculing rules intended to make the system stronger in its aftermath. In a wide-ranging conversation at an event hosted by Reuters Breakingviews that was pegged to the 10-year anniversary of Lehman Brothers’ collapse, Cohn’s comments mostly tracked the sentiment of Wall Street bankers and other wealthy Americans who have felt unfairly maligned for the mortgage market’s collapse and the economic downturn that ensued. Once the No. 2 executive at Goldman Sachs Group Inc, Cohn argued that no top bankers should have gone to jail for their role in the crisis because they did not necessarily do anything illegal, despite what populist movements like Occupy Wall Street have demanded.
"I think Jamie [Dimon] would make a phenomenal president. Cohn's comments came less than a week after the J.P. Morgan Chase chief said he could beat Trump in a head-to-head election. The former Goldman Sachs executive announced his resignation as Director of the National Economic Council in March.
When Chinese electric-vehicle maker NIO (NYSE:NIO) launched its IPO on Wednesday, NIO did not look so inspiring. The company priced its stock at $6.26, which was on the low-end of the $6.25-$8.25 range. NIO IPO raised about $1 billion, but NIO wanted to raise $2 billion-$3 billion. The first-day performance of NIO was also muted. Note that the shares rose only about 5.4%. The underwriters on the deal included Morgan Stanley (NYSE:MS), Goldman Sachs (NYSE:GS) and JP Morgan (NYSE:JPM).
When a company like JPMorgan Chase & Co (NYSE: JPM ) has performed as such a high level for so long, investors are often right to start to question how the company and the stock can continue to impress ...
The major U.S. indices fell across the board Monday as the investors wait for news after the closing bell on the Trump administrations latest plans for tariffs on $200 billion in Chinese imports. The Dow Jones Industrial Average lost 0.35%, or 93 points to 26,062, while the S&P 500 dropped 0.56%, or 16 points to 2,889, and the Nasdaq dropped 1.43% in its worst performance in over a month to 7,896. A couple of weeks ago Elon Musk responded to a Twitter user, saying that if his assertion that Vernon Unsworth is a "pedo guy" is false then why hadn't Unsworth sued him for his comments.
Cadence Bank NA has added almost $1 billion in Houston-area deposits while JPMorgan Chase Bank NA's local deposits have decreased by $1.7 billion, according to new data released Sept. 14. The Federal Deposit Insurance Corp.
Prepare to see financial juggernaut JPMorgan Chase & Co. (NYSE: JPM) everywhere in Greater Washington. The $2.5 trillion bank, which announced a multibillion-dollar expansion into Greater Washington earlier this year with much fanfare, is planning to formally introduce its retail banking operations to as many residents as possible — and in as many ways as possible. The goal is to firmly cement the Chase brand in the minds of residents as a permanent banking fixture and engaged community partner.
In an effort to retain existing customers and add new customers, JPMorgan Chase (JPM) has sweetened the offerings for its Sapphire accounts. Last week, the bank announced that credit card customers who open a new Sapphire bank account will be eligible for a 60,000 point sign-on bonus worth $900. For regular Chase customers who don’t have that kind of savings, they can upgrade to the Sapphire bank account by paying a monthly fee of $25.
JPMorgan Chase & Co. has made an announcement concerning its preferred stock. Information can be found on the Firm’s Investor Relations website at jpmorganchase.com/press-releases.
SPRINGFIELD, Mass., Sept. 17, 2018 /PRNewswire/ -- The MassMutual RetireSMARTSM Target Date Funds, available through 401(k)s and other defined contribution retirement plans offered by Massachusetts Mutual Life Insurance Co. (MassMutual), now offer enhanced glide paths subadvised by J.P. Morgan Asset Management Inc. (J.P. Morgan). The fund family will now be called the MassMutual RetireSMART by J.P. Morgan Target Date Funds.
Citing anonymous sources, Bloomberg reported last week that Morgan Stanley (MS) is following in the footsteps of its peers and plans to offer bitcoin swap trading to its clients. The digital currency trading business plan is in a nascent stage and still awaits some internal approvals. The company’s move is said to be mainly driven by its clients’ strong demand for cryptocurrency derivatives.
In order to continue resolving past misconducts, on September 14, Citigroup (C) agreed to pay $12.9 million to the SEC to settle a charge that accused the company of misleading Citi Match users—its trading platform. According to the company, Citi Match is a premium-priced “dark pool” platform operated by Citi Order Routing and Execution. The SEC said that the bank’s affiliate—Citigroup Global Markets, which marketed the platform—misled users by assuring them that high-frequency traders weren’t permitted to trade on Citi Match.
WSFS Financial Corp. said two items will boost its third quarter earnings by more than $11 million. T he Wilmington-based bank, which last month agreed to buy Beneficial Bancorp for $1.5 billion, outlined each item: In February, WSFS (NASDAQ: WSFS) disclosed that it would pay $12 million to settle a lawsuit involving Christiana Bank & Trust Co., which it bought in December 2010. The suit was brought by a company called Universitas Education, a beneficiary of the Charter Oak Trust Welfare Benefit Plan, which contained insurance benefits from certain life insurance policies.