109.89 +0.30 (0.27%)
After hours: 6:01PM EST
|Bid||0.00 x 1000|
|Ask||111.00 x 800|
|Day's Range||109.10 - 111.12|
|52 Week Range||95.95 - 119.33|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||13.60|
|Earnings Date||Jan 15, 2019|
|Forward Dividend & Yield||3.20 (2.88%)|
|1y Target Est||121.82|
Former FDIC chair Sheila Bair weighs in on Goldman Sachs and more with Yahoo Finance's Julie Hyman, Dan Roberts, and Brian Cheung, as well as George Pearkes, investment macro strategist at Bespoke.
Nov.13 -- Samantha Azzarello, ETFs global market strategist at JPMorgan, discusses oil prices and how it will impact U.S. markets. She speaks on "Bloomberg Markets: European Open."
Janet Tsang of J.P. Morgan Asset Management says Asian stocks look attractive because valuations have corrected, earnings are "reasonably strong" and long-term growth remains "tremendous."
New York futures were little changed on Wednesday in Asia after plunging 7.1 percent in the previous session for the biggest one-day drop in three years. OPEC has given a dire forecast for 2019 demand just as American production and stockpiles steadily increase. Meanwhile, U.S. President Donald Trump’s Twitter critique of Saudi Arabia’s plan to curb output may dissuade other cartel members from similar moves, given the influence his past comments have had on OPEC actions.
Investing.com - The selloff on Wall Street continued for a second-straight day as a selloff in energy weighed on risk sentiment.
Greece is working on at least two different plans to provide asset protection to help its banks offload sour loans, bankers and sources close to the matter said on Tuesday. A source close to the consultations said the Greek government had asked JP Morgan to come up with a plan for an asset protection scheme and the Greek central bank also had a plan on how to tackle the banks' mountain of bad loans. Another source said the central bank's proposal had been presented to the Greek government and to the country's international lenders and was expected to be presented publicly in the coming days.
Greece is working on at least two different plans to provide asset protection to help its banks offload sour loans, bankers and sources close to the matter said on Tuesday. A source close to the consultations said the Greek government had asked JP Morgan to come up with a plan for an asset protection scheme and the Greek central bank also had a plan on how to tackle the banks' mountain of bad loans. "Both the central bank and the government are looking at initiatives to help banks reduce their non-performing loan portfolios," the source told Reuters.
JPMorgan Chase & Co. is growing its new wealth management office in Baltimore, in a push to expand its presence in the market and open its first local bank branches. The wealth management office, part of JPMorgan's private bank and not a Chase bank branch, opened its doors in June and is part of the company's overall expansion in Maryland. The office has eight employees and is led by Scott Canuel, a former national managing director at PNC Financial Services Group Inc. who oversaw wealth management for the Annapolis area and the Eastern Shore.
JPMorgan Chase & Co. has invested in a startup whose technology can analyze an encrypted dataset without revealing its contents, which could be “materially useful” for the company and its clients, said Samik Chandarana, head of data analytics for the Corporate and Investment Bank division. JPMorgan could use the ‘secret computing’ technology to analyze a customer’s proprietary data on their behalf, using artificial intelligence algorithms without sacrificing privacy, Mr. Chandarana said. “This gives us a technological solution to be able to act on a client’s private data … without them having to worry about the security constraints or giving up all their information to us,” he said.
Gold broker and storage company GoldCore said on Tuesday it had opened a gold vault in Dublin, aiming to attract investors looking for an alternative to London after Brexit. Dublin-based GoldCore, which set up the facility in partnership with security firm Loomis International, said it was Ireland's first institutional grade vault. "Brexit and other financial and geopolitical risks make asset diversification and owning assets in different jurisdictions more important than ever," GoldCore said in a statement.
It looks like the smart money was pouring into Apple Inc. (NASDAQ:AAPL) in Q3 after the stock had fallen from grace among leading money managers in recent months. We’re a day away from the 13F deadline for the September 30 reporting period, when institutional investment managers with at least $100 million in equity holdings must file a […]
General Electric’s (GE) nightmare doesn’t seem to be over yet. The company’s stock fell nearly 7% yesterday, its 12th loss in the last 13 sessions. Yesterday’s blow came after the US industrial conglomerate’s newly appointed chair and CEO, Larry Culp, said during a CNBC interview that he feels “urgency” to lower debt and would do that by selling assets. Also, its free cash flows were negative in all three quarters of 2018, which indicates the company’s severe liquidity problem.
JPMorgan Chase today announced the grand opening of its first branch in Greater Washington, D.C. and made several new investments to increase economic and wage growth in the region. Earlier this year, the firm announced it would open 70 new branches, hire 700 new employees, commit $4 billion to regional home and small business lending and $500 million to affordable rental housing and $25 million in philanthropy to drive inclusive regional economic growth.
Its hoard reached a staggering 553.6 trillion yen ($4.9 trillion), figures released Tuesday show, compared with nominal gross domestic product of 552.8 trillion yen at the end of June. With inflation at half the 2 percent level targeted by both the BOJ and the government of Prime Minister Shinzo Abe, asset purchases are set to continue for the foreseeable future, even if the pace of growth slows. A sales-tax hike planned for October next year, followed by an easing in demand as the building boom for the 2020 Tokyo Olympics winds down, likely mean continued pressure on the central bank to keep priming the economy.
Investing.com - The Dow tumbled Monday as tech stocks continued to bleed, led by a selloff in Apple on fresh signs of weak iPhone demand.
Flows to exchange traded funds in 2018 are unlikely to approach the record $450 billion seen last year. This year's ETF inflows totals will likely be on par with or slightly exceed the $200 billion seen ...
Alphabet (NASDAQ:GOOGL,NASDAQ:GOOG), the parent company of Google, has become the latest Cloud Czar to decide there is money to be saved and made in healthcare. GOOG has hired Dr. David Feinberg, the CEO of Geisinger Health, to oversee its various health products and initiatives, and the move could boost Alphabet stock in the future. Apple (NASDAQ:AAPL), however, is still big tech’s leader in the healthcare sector, thanks to its Apple Watch, which is dominating the health-monitoring space.
If there's one thing investors have been able to count on during this long bull market, it's companies repurchasing record amounts of their own stock. Recent volatility notwithstanding, big stock buybacks are a trend that's expected to continue. "For the second half of 2018, indications are strong for increased corporate expenditures in both buybacks and dividends, with annual records for both," wrote Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices, in a report summing up buyback activity through the first half of the year. "Buybacks appear to be on a roll, supporting stock price via more purchases and increasing earnings per share through lower share counts." Lower corporate tax rates and companies repatriating cash held overseas are helping fuel an acceleration in share repurchase programs, which were already going strong. Indeed, over the past five years, companies in Standard & Poor's 500-stock index bought back a stunning $2.82 trillion of their own stock, according to S&P Dow Jones Indices. Although it takes more than share repurchases to support stock prices, they sure do help - and investors generally love them. When it comes to returning cash to shareholders through stock buybacks, these are the most generous companies over the past half-decade. SEE ALSO: The Kiplinger Dividend 15: Our Favorite Dividend-Paying Stocks
A good place to begin in today’s market is with a pair trade of shorting JPMorgan Chase (NYSE:JPM) and going long Morgan Stanley (NYSE:MS). Charts indicate that shorting JPM stock and going long MS stock is a good strategy now. It’s no secret that last month was not very pleasant for bullish investors in general But traders who were long financial stocks in general and JPM stock or MS stock in particular probably won’t feel sorry for those who invested in other sectors.