|Bid||98.89 x 800|
|Ask||98.91 x 800|
|Day's Range||98.82 - 100.40|
|52 Week Range||91.11 - 119.24|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||11.01|
|Earnings Date||Apr 12, 2019|
|Forward Dividend & Yield||3.20 (3.21%)|
|1y Target Est||115.98|
Acquiring new drivers is an expensive endeavor for on-demand car services. To offset the competition, companies like Lyft are coming up with perks to keep those behind the wheel happy. On Tuesday the San Francisco-based company began hyping several new initiatives to ease tensions with the its drivers.
JPMorgan Chase will face an inquiry in Turkey after the country’s banking regulator alleged it provided “misleading and manipulative” investment advice that initiated a run on the lira earlier this month.
In case of a no-deal Brexit, JPMorgan (JPM) plans to shift nearly 300 employees from the London office to ensure business continuity.
In just over a year, Paul Kesserwani’s startup Cushion has helped users win refunds on almost $1 million in fees by logging into their accounts and disputing charges with an artificial-intelligence chatbot, named Fee Fighter. The bank said it wanted to ensure Cushion’s computers wouldn’t be flagged as suspicious. Weeks after he handed over some of the information, it called again, warning it might block Cushion’s servers from accessing customer data.
Turkish authorities have turned up the heat on western institutions with a critical view of the country’s economic policies, but the prospects of an investment backlash mean that probes into US bank JPMorgan Chase are unlikely to lead to a real clampdown, say analysts. Over the weekend, Turkey’s capital markets board and the country’s banking supervisor launched parallel investigations into the New York-based investment bank, responding to what they described as “misleading” and “manipulative” advice from the bank to sell the lira. The threats add to a longstanding sense of unease among analysts at domestic and overseas banks with a critical eye on the president’s management of markets and the economy.
Despite the 2019 climb, Square (SQ) stock rests 26% below its 52-week high, which gives the stock plenty of room to run. Plus, Square looks poised to grow as part of the larger fintech revolution that Apple (AAPL) and other FAANG firms hope to capitalize on.
Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won't accept your savings unless you commit at least $5 million) by pinpointing […]
“Chancellor on brink of second bailout for banks.” This was the quote included by Satoshi Nakamoto when he/she/they released Bitcoin to the world. The 2008 Financial Crisis was taking place and there was fear and panic in the mainstream about whether the nations affected would be able to recover. Since then, in the UK, we have had years of austerity as the government attempts to cut back its budget, whilst at the same time central banks print more and more money. With banks seemingly changing their tune about cryptocurrencies and the vast array of different aims within the cryptocurrency industry, is cryptocurrency in banks friend or foe? Bitcoin – the foe For many Bitcoiners, they have one aim: to replace The post Friend or foe: Could cryptocurrency transform banks or destroy them? appeared first on Coin Rivet.
JPMorgan is asking around 300 staff in its London office to sign new contracts that will require them to move to one of the bank's other hubs in the European Union if there is a no-deal Brexit, according to a person familiar with the matter. This is part of JPMorgan's plans to shift hundreds of staff if Britain leaves the EU without an exit deal so that it can continue to offer clients in the bloc trading, advisory and banking services. A source said that JPMorgan staff in London asked to sign new contracts had already been consulted on the matter, and those who did not wish to move would not be made redundant.
Seven years after Royal Bank of Canada took a $1.6 billion write down on the sale of its Raleigh-based RBC Bank USA, its top exec is strategizing new ways to attack the U.S. market – this time through digital banking.
Bank stocks are down 18% to 21% from their 2018 highs, according to two key gauges, a potentially worrisome development for the markets and economy.
After significant hype from the mainstream media, Special Counsel Robert Mueller seemingly appeared on the verge of delivering an indictment on President Donald Trump. Instead, Mueller's report found no evidence tying Trump with Russian conspirators. That news disappointed many on the left, while simultaneously lifting prospects for Dow Jones Industrial Average and its component stocks.Although the Russia investigation, which has long dogged the Trump administration, has no direct impact on the markets, the latest news frees them from unnecessary shackles. With the president now able to concentrate on important matters, he can theoretically resume making America great again.This has positive implications for thorny issues like the U.S.-China trade war. If the White House achieves a breakthrough, we could see several Dow Jones stocks on the rise move even higher. With China harnessing the world's second-biggest economy, Wall Street will appreciate any hint of progress.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn addition, Mueller tacitly signed off on two more years of Trump. Again, the majority of Americans probably felt like they got punched in the gut. Still, we do have one bit of universal good news: we know exactly what to expect until November 2020.From a political standpoint, this is huge. Barring unusual circumstances, Trump's contentious policies such as tax or healthcare reform won't be immediately reversed. This continuity is great for the markets as it represents one less variable. * 7 Consumer Discretionary Stocks to Buy Now So with that in mind, here are five Dow Jones stocks to track on your radar: JPMorgan Chase (JPM)Source: Shutterstock Earlier this year, banking giant JPMorgan Chase (NYSE:JPM) was one of the Dow Jones stocks on the rise. However, that quickly changed this month. Since mid-March, JPM stock has dropped more than 6%. Geopolitical concerns such as icy U.S.-China relations, as well as possible trading-revenue declines have hurt prospects.But despite the troubles, JPM stock has a genuine chance of a Mueller-fueled rally. For one thing, JPMorgan is an economic bellwether: what's good for the nation is usually good for its share price. Moreover, as a banking firm, JPM receives the most benefit from a stable platform.As I alluded to earlier, it's probably not the kind of stability most people sought. Nevertheless, we generally know what to expect: strange tweets, conservative policies, and the constant push to build the wall. This predictability will at least make it easier for management to chart a path forward. Intel (INTC)Source: Shutterstock Most technology firms took a beating in the final quarter of last year, but not Intel (NASDAQ:INTC).No, INTC stock absorbed most of its pain earlier in 2018. Although usually a safe bet, Intel faced many questions regarding production delays over its next-generation chips. Amid fierce competition, many stakeholders simply gave up.Further compounding the issue, the U.S.-China trade war acted as a massive headwind. As our own Dana Blankenhorn noted last year, Intel invested substantially in Chinese infrastructure. Any hit to that region will eventually translate to volatility in INTC stock. * 5 Stocks To Buy for the Happiest Employees But this year, Intel is one of the top Dow Jones stocks on the move. Shares are already up 17% since the January opener. And with Trump no longer dealing with the Mueller investigation, he has time to wheel and deal. Although not a guarantee, INTC suddenly looks like a much-healthier prospect. Merck (MRK)Source: Shutterstock If you're looking for stocks on the rise in the Dow, you really can't go wrong with Merck (NYSE:MRK). Although the company's future is heavily tied to its cancer-fighting drug Keytruda, that hasn't stopped speculators. Indeed, if you bought MRK stock during last year's doldrums, you're living large right now.Better yet, Merck continues to ride its wave of momentum. On a year-to-date basis, MRK stock crossed into double-digit territory. For bullish traders, they don't find this status surprising. Merck maintains an enviable drug pipeline, which includes Januvia and Gardasil. Last year, they rang up $3.7 billion and $3.2 billion in sales, respectively.Plus, President Trump's rants against former President Barack Obama's healthcare policies have previously shaken the Street. Now that the Mueller investigation is out of the way, Trump has less distractions. Hopefully, he'll use this unshackling to promote positive changes for all Americans.And if not, at least we know what we're getting. Home Depot (HD)Source: Mike Mozart via Flickr (Modified)Out of all the Dow Jones stocks on the rise, my current favorite is Home Depot (NYSE:HD). Admittedly, HD stock is a bit of a cop-out. As a largely secular company -- a leaking pipe doesn't stop based on economic conditions -- HD is an "everyman" investment. No matter what, you can count on it.But that doesn't mean that Home Depot is immune to good news. Again, while most Americans may have been disappointed with the build-up to the Mueller non-announcement, it's a positive for HD. Primarily, shares do well with a robust housing market. If Trump were indicted, that would create all kinds of havoc on our economy. * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock At the same time, I like the fact that HD stock is a boring investment. Ultimately, it's very difficult to tell how the Street will respond to the Mueller investigation results. Therefore, sitting on HD and collecting its 2.9% dividend yield isn't a bad approach! Boeing (BA)Source: Shutterstock If you want some spice out of your Dow Jones stocks, Boeing (NYSE:BA) is it. Already under pressure from the Lion Air Flight 610 crash that killed all onboard, Boeing suffered another devastating blow: Ethiopian Airlines Flight 302 also went down under similar circumstances. Logically, BA stock tumbled badly in response.Moreover, the pain is far from over. By the looks of it, Boeing will incur significant legal costs. In both crashes, the same airplane -- the 737 Max 8 -- was involved. Additionally, the company's anti-stalling system called MCAS apparently malfunctioned on the doomed flights. If you're heavily vested in BA stock, you may want to protect yourself.But with a newly-energized President, Boeing could get its wings back. That's because Trump is still Trump, and that means more saber-rattling. Such circumstances would lift the company's military and defense divisions, an obvious welcome change.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post 5 Dow Jones Stocks for the End of Mueller's Investigation appeared first on InvestorPlace.
JPMorgan was one of three lead underwriters for an initial public offering named in Lyft’s filing Friday, alongside Credit Suisse Group AG and Jefferies Financial Group Inc. Altogether, 29 banks were listed as participating in the offering. The IPO stabilization agent, also known as syndicate trading manager, oversees the first-price setting and manages additional shares allotted underwriters in a so-called greenshoe option.
Thomson Reuters and Blackstone first began considering an IPO of the bond-trading platform last year.
- Q4 share repurchases increased 62.8% year-over-year to a record $223.0 billion - This is the fourth consecutive quarterly record -- longest streak in the 20 years SPDJI has tracked - Total 2018 buybacks ...
If there is no deal to smooth Britain's transition out of the European Union, it would become "a third country."
Editor's Note: This article is part of InvestorPlace.com's Best ETFs for 2019 contest. Dana Blankenhorn's pick is Financial Select Sector SPDR Fund (NYSEARCA:XLF).At the start of the year I picked the Financial Sector Spider ETF (NYSEARCA:XLF) as the best exchange-traded fund for investors to buy in 2019.So far, I'm not looking very bright.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe ETF, which owns big banks and insurers like Berkshire Hathaway (NYSE:BRK.A), JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC), is up just 6.9% for the year, against an 11.7% gain for the S&P 500. Since March 18 XLF has lost half that gain, as financial reporters have reported breathlessly about a "yield curve inversion" predicting recession. While I thought the big banks would lead the market higher, with rising interest rates increasing the "yield spreads" that banks get between the price they pay for money and what they can charge for it, the XLF may be leading the market lower. Why the Pain for the XLF ETF?Usually, the interest rate on short-term bonds like 30-day paper will fall below the price of long-term bonds like the 10-year note because investors are seeking a safe place for money to hide from the gathering storm. * 7 Marijuana Stocks to Play the CBD Trend On March 25, the yield on a three-month note is 2.49%, and on the 10-year, it's 2.44%. The lowest rates are being paid on bonds that run three to five years, 2.24%. If you plot these rates on a graph against time, the line goes down. That's an inverted yield curve.It's hard for a bank to make money on an inverted yield curve. It's hard for banks to make money on any loans when rates are below 3%. So bank stocks are under pressure and thus the XLF is falling.To some people it makes no sense. Unemployment is low, so there should be wage pressures. Government debt is topping $1 trillion per year, which should be raising rates.What are analysts missing? Whip Deflation NowWhat they're missing is deflation, downward pressure on prices created by technology and abundance.Part of the answer is in your hand. Vala Ashfar of Salesforce.Com (NASDAQ:CRM) estimates a smart phone contains what were 60 different devices 10 years ago, everything from cameras and TVs to bank cards, alarm clocks and your PC.Hyperscale data centers, or clouds, seem like huge energy hogs, but many recycle the heat they generate. PCs that once had to be plugged in the wall now run all day on batteries. Total electricity demand has been flat all decade. So has demand for gasoline.At the same time, technology is increasing oil and gas supplies -- not just thanks to more-efficient fracking but better ways to find new fields. Solar and wind energy now cost less than coal.Then there's labor. Emigration peaks when skilled people can reach the global market for their skills. Philadelphia's not sending Joel Embiid back to Cameroon. Major League Soccer can make big money training South Americans to play in Europe. What's true for athletes is also true for scientists, engineers and even bankers. The Bottom LineThe weight of deflation on the global economy is increasing, not decreasing. This directly impacts banking as fintech replaces traditional banking functions. Technology is lowering the cost of processing transactions and of evaluating and servicing loans and insurance policies. Fintech companies are bidding to replace banks entirely.Big banks are still where the money is, and moving money around is still profitable. But financial intermediaries of all types can be replaced by technology. This, along with other forms of deflation, will continue to put the squeeze on bank, and insurance profits.But that's not entirely a bad thing for the economy. Who hates productivity?Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in JPM. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post Best ETFs for 2019: Deflation Holds Down Interest Rates, The XLF Slows appeared first on InvestorPlace.
A drone defense startup marketing to private companies, law enforcement and the U.S. military is raising funds; a biotech firm fighting hospital infections with surface sterilization tech heads into marketing with new investment; and another tech firm using AI to better develop cancer-fighting drugs is raising more funding.
Fifth Third's (FITB) efforts to further improve its digital capabilities by adding new employees will go a long way in supporting its financials.
PPG Industries: J.P. Morgan Downgrade, New AppointmentJ.P. Morgan downgraded PPG Industries On March 22, J.P. Morgan (JPM) downgraded PPG Industries’ (PPG) rating to “underweight” from “neutral.” J.P. Morgan said that PPG Industries could
JPMorgan Chase & Co has awarded 47 financial grants to university faculty and PhD students for artificial intelligence research, ramping up its efforts in the emerging technology, the bank plans to announce later on Monday. Winners of the JPMorgan's first AI Research Awards will study the use of AI and machine learning in areas including investment advice, risk management, digital assistants and trading behavior. JPMorgan and other financial institutions have been investing more to develop artificial intelligence-based technology to better process the vast amounts of data they collect and produce, and to become more efficient.