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,… Read More ›
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.
Morgan Stanley downgrades shares of eBay less than one year after a double upgrade. Analyst Brian Nowak cuts his 12-month price target for the online marketplace by 40 percent, predicting little growth over the next year.
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.
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.