|Bid||99.55 x 4000|
|Ask||99.95 x 1300|
|Day's Range||99.52 - 102.32|
|52 Week Range||91.11 - 119.24|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||11.08|
|Earnings Date||Apr 12, 2019|
|Forward Dividend & Yield||3.20 (3.11%)|
|1y Target Est||115.98|
Turkey's banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than 4 percent and the main share index fell sharply on Friday. The BDDK watchdog said on Saturday it received complaints that a report JP Morgan published on Friday hurt the reputation of Turkish banks and caused volatility in financial markets. The necessary "administrative and judicial processes" would be followed, it said.
Turkey's banking watchdog has launched an investigation into JP Morgan over complaints about a report it published on Friday, state-owned Anadolu news agency said on Saturday. The BDDK watchdog was quoted as saying that it had received complaints that the report hurt the reputation of Turkish banks and caused volatility in financial markets. A judicial process will be carried out regarding JP Morgan, Anadolu said.
It might signal nothing but the fact that the Fed should never have done the December rate hike. You are not going to be able to find much buying support because algorithmic trading, per se, has no limits. (Home Depot, Amazon and JP Morgan are holdings in Jim Cramer's Action Alerts PLUS member club.
Wall Street was roiled Friday by new signs that global economic growth is slowing. The Russell 2000 index of smaller company stocks fell more than the rest of the market as traders offloaded risker assets.
The currency tumbled as much as 5.8 percent Friday as the central bank announced steps to push lenders toward its more-expensive overnight borrowing facility. It was 4.9 percent lower at 5.7457 per dollar as of 8:23 p.m. in Istanbul. A central bank official said late Friday that a drop in official reserves during the first two weeks of March wasn’t anything out of the ordinary, citing foreign-debt repayments and sales of hard currency to state energy companies.
JPMorgan Chase & Co is testing neuroscience-based video games to help recruit interns, as it seeks to increase the diversity of its workforce by broadening its candidate pool. The bank is piloting technology from pymetrics, a startup whose games help companies assess applicants' social, cognitive and behavioral features, such as attention, memory and altruism, Matt Mitro, JPMorgan's head of campus recruiting, said in an interview. This helps companies make their assessments more data-based than traditional processes.
How Does Warren Buffett View Berkshire Hathaway?Berkshire HathawayWarren Buffett, Berkshire Hathaway’s (BRK-B) chairman, is a legendary investor. Buffett is known for his long-term value investments. He has an enviable track record versus the
Investing.com - Stocks on Wall Street fell sharply Friday as part of the yield curve inverted, underscoring concerns about a possible recession amid slowing global growth.
Banking stocks put up a lackluster show during the week after Federal Reserve's decision of no more rate hikes in 2019.
Financial stocks were broadly lower Friday, with the sector headed for a fourth-straight loss, as the benchmark 10-year Treasury yield dropped to a 15-month low in the wake of the Federal Reserve's downbeat economic outlook and disappointing eurozone data. The SPDR Financial Select Sector ETF shed 1.3%, with 67 of 68 components trading lower, and has not dropped 4.4% over the past four sessions. Among the ETF's most-active components, shares of Bank of America Corp. lost 1.4%, Citigroup Inc. gave up 2.4%, J.P. Morgan Chase & Co. slid 0.9% and Regions Financial Corp. slumped 3.1%. Lower long-term interest rates can hurt bank profits, as the spread between what the banks earn on longer-term assets, such as loans, and what they pay to fund the assets with shorter-term liabilities, narrow. The financial ETF has lost 7.1% over the past 12 months, while the Dow Jones Industrial Average has gained 7.9%.
Eastman Chemical: New Client Order for Its Tritan Copolyester(Continued from Prior Part)Analysts’ recommendations There has been a gradual increase in analysts’ interest in Eastman Chemical. Currently, there are 18 analysts tracking Eastman
The Federal Reserve's abrupt halt in interest rate hikes this year and dovish economic outlook is expected to hurt banks' profitability to some extent.
Pat Emery's firm is scheduled to buy land today on Music Row for his next office building. Here's why he won't soon start construction on something in Cool Springs.
The Shanghai-based Foresight Fund, managed by Chen Guangming, said on Friday that it stopped accepting client subscriptions after blowing past its 6 billion yuan fundraising target. While the fund didn’t disclose the amount of orders it received, people familiar with the matter said they topped 70 billion yuan, including about 20 billion yuan via China Merchants Bank Co.’s fund distribution platform. Individual investors have piled into China’s $7.2 trillion stock market this year, propelling the Shanghai Composite Index to a 24 percent gain and buoying an asset-management industry that many see as the last big frontier for international firms like BlackRock Inc. and Vanguard Group Inc. Chinese policy makers have generally been supportive of the inflows, but they also want to avoid a repeat of the speculative frenzy that fueled the nation’s 2015 equity boom and bust.
HONG KONG/SYDNEY, March 22 (IFR) - Australian packaging company Amcor has launched a US$4.5bn refinancing to back its proposed merger with US-based Bemis, adding to a surge in event-driven financings in the country since the beginning of the year. Amcor's US$5.25bn all-stock purchase of Bemis is the 158-year old company's biggest acquisition, for which it is raising its largest-ever loan to refinance debt as part of the process. Sole mandated lender JP Morgan launched the multi-tranche loan, Australia's largest this year, last week to global lenders.
With optimism for a quick U.S.-China trade deal starting to fade as the two sides haggle over the specifics, stock markets in the region need all the help they can get to keep the good times rolling. Technology companies in the MSCI Asia Pacific Index have led the charge this week, taking their rebound from a January low to 20 percent. For its part, the Asia Pacific index is heading for its highest level since early October, on pace for a second weekly advance after a lull earlier this month.
The iconic apparel maker’s initial public offering showed investors are ready to buy into a company that wants to be known for more than just denim. Shares were up 32 percent to $22.44 at 2:54 p.m. in New York, giving the company a market value of $8.7 billion. “The fact that the stock opened up so dramatically does show the appetite for this brand both by investors and also consumers,” Levi Strauss Chief Executive Officer Chip Bergh -- wearing a pair of Levi’s jeans -- said in an interview at the New York Stock Exchange.
Speaking to CNBC's Martin Soong on Saturday at the China Development Forum, Jacob Frenkel, chairman of J.P. Morgan Chase International says the Federal Reserve is still on the "same trajectory" of raising rates, but changed its "speed" of doing so.