JPMorgan 1Q With Record Earnings

JPMorgan Record Earnings | BY KYRA MYERS | STOCK MARKET NEWS TODAY | JPMorgan (NYSE:JPM) kicked off the first-quarter earnings seasons with a bang, as a strong performance in domestic lending drove it to a record quarter for both revenue and profit, handily beating consensus forecasts. The bank said the strength of its core lending business more […]

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Today’s Stock Market News – Morgan Stanley acquire Solium Capital Inc.

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.

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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.

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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”.

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