Learn How $237/Day Profit Is Possible… 100% Risk Free A reading of the economy from Morgan Stanley is signaling “June gloom.”… Morgan Stanley’s Business Conditions Index, which captures turning points in the economy, fell by 32 points in June, to… Read More ›
JPMorgan Chase & Co
— As the relationships between countries shift over the next few decades, expect trade to remain a hot button issue, according to one analyst. That prediction comes as the U.S. and China continue to square off in a trade war… Read More ›
Morgan Stanley Will Pay $900 Million To Acquire Solium Capital Inc. The Deal Is The Bank’s Largest Acquisition Since The Financial Crisis
Solium’s 3,000 corporate clients employ 1 million workers and include startups such as Stripe Inc. and Instacart Inc., whose employees tend to be younger and have fewer relationships with traditional financial firms. Morgan Stanley said the acquisition wouldn’t have a meaningful impact on its 2019 earnings or reduce its planned stock buybacks.
The biotech sector is off to the best start of the year since 2012 on heels of J.P. Morgan conference
The iShares Nasdaq Biotech Index gained 13 percent in the first eight trading days of the year, finishing lower just one day since the market selloff on Christmas eve. It marks a major reversal following 20-percent plunge in the index in the fourth quarter.
JPMorgan improperly provided American depositary receipts for foreign shares that weren’t in the bank’s custody, which led the bank to inflate the number of a foreign company’s tradable shares, the Securities and Exchange Commission said Wednesday.
Although the stock market rallied on Powell’s statement and bond yields fell, some economists believe the markets misinterpreted the Fed’s message
According to the settlement agreement, Citigroup and JPMorgan denied wrongdoing, and settled to avoid the cost and distraction of litigation. Several banks remain defendants.
J.P. Morgan: third-quarter profit jumped 24% as the bank’s consumer business helped it overcome weaker trading.
StockMarketNews.Today – Overall profit at the corporate and investment bank was $2.62 billion, a 3% increase from $2.55 billion in the same period last year. JPMorgan’s commercial bank earned $1.09 billion, a 24% increase from the $881 million it earned in the year-ago quarter, and the bank’s asset and wealth management unit reported profits of $724 million, compared with $674 million in the third quarter of 2017.
JPMorgan Chase is planning layoffs in its mortgage division weeks after Wells Fargo announced its own mortgage cuts.
StockMarketNews.Today – JPMorgan Chase Laying Off About 400 Mortgage Employees
Chase, one of the biggest home lenders, is cutting employees in Florida, Ohio, Arizona.
Next financial crisis in the US could occur in 2020: JPMorgan While the duration of the next recession is unknown, the financial services firm has said it could see a US stock slide by about 20 percent.
StockMarketNews.Today – The next financial crisis in the US might happen in 2020, JPMorgan Chase & Co has said, according to a report by BloombergQuint.
Citigroup has continued a solid second-quarter earnings season for the big US banks, posting a 15 per cent rise in net income despite more sluggish activity on Wall Street.
Citigroup profits boosted by tax cuts and consumer banking
Trump’s reform cut the New York-based bank’s effective tax rate from 32% last year to 24% now
JPMorgan and Citi fail to impress investors despite strong earnings. Investors fret that the Fed’s rate rises will force them to pay more to depositors.
JPMorgan Chase and Citigroup unveiled strong earnings on Friday, but struggled to quash investor concerns that the Federal Reserve’s interest rate rises will squeeze profit margins.
JPMorgan issues bleak warning on Brexit damage – The UK economy could suffer such a significant downturn after it leaves the EU that it will have an impact on global growth.
StockMarketNews.Today – JPMorgan Chase’s chief executive has added to the pressure on UK prime minister Theresa May by warning that Brexit could be “tough for the British people”.
Jamie Dimon said the UK economy could suffer such a significant downturn after it leaves the EU that it “will have an impact on global growth, and so Brexit could hurt everybody a bit”.
Many banks plan to boost dividends after passing the Federal Reserve’s latest stringent round of stress tests.
StockMarketNews.Today – Bank stocks have underperformed the S&P 500 index this year and have struggled to stage any kind of a rebound after falling from their previous highs. Bullish investors say that disappointing performance will end soon. The KBW Nasdaq Bank Index is down 0.1% since the beginning of the year, while the S&P 500 is up 4.0%.