|Day's range||86.67 - 86.83|
Two of the banking industry's top executives discussed the slowdown they expect to see this year on Wall Street.
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JPMorgan Chase & Co's President and Chief Operating Officer Daniel Pinto said loan demand is declining at a time when regional and small banks are also tightening credit. "There is no doubt that regional banks and smaller banks are building up liquidity, building capital, so they are lending a bit less," Pinto told investors on Friday. Consumption remains positive, but there are some indications the economy is slowing, Pinto said.
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JPMorgan (JPM) is likely to close 21 branches of First Republic by the end of 2023. JPM has taken over failed First Republic last month.
Higher rates, decent loan demand and efforts to bolster fee income support FDIC-Insured banks' like JPM, BAC, C & WFC financials.
JPMorgan Chase, Bank of America and Citigroup have been highlighted in this Industry Outlook article.
The new cuts at the Wall Street giant amount to roughly 250 positions, following two previous rounds of layoffs.
JPMorgan CEO Jaime Dimon raised eyebrows when he hinted at a possible run for public office. But he would have to leave JPMorgan first. Yahoo Finance's David Hollerith takes a closer look at who could potentially succeed Dimon as CEO.
JPMorgan Chase & Co will shut 21 branches of First Republic Bank by the end of the year as it integrates the failed lender into its operations, a JPMorgan spokesperson said on Thursday. The lender, which was the largest to collapse since the 2008 financial crisis, was seized by regulators in May and sold to JPMorgan. "These locations have relatively low transaction volumes and are generally within a short drive from another First Republic office," the spokesperson said.
A rise in funding costs due to higher rates, waning loan demand, weakening asset quality and recession risk will hurt Zacks Major Regional Banks' financials. Yet, industry players like JPM, BAC & C are worth watching on restructuring and digitization efforts.
Dublin, June 01, 2023 (GLOBE NEWSWIRE) -- The "JPMorgan Chase - Enterprise Tech Ecosystem Series" report has been added to ResearchAndMarkets.com's offering.This report provides insight into JPMorgan Chase's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, and its estimated ICT budget.JPMorgan Chase (JPM) is a financial holding company that provides consumer and commercial banking, investment banking, financial transaction
The CEO said he doesn't recall his executives raising concerns about Epstein during the period when the convicted sex predator was a customer of the bank.
JPMorgan Chase & Co. (JPM) closed the most recent trading day at $135.71, moving -1.27% from the previous trading session.
The billionaire hedge-fund manager offered the boss of the nation's biggest bank a glowing endorsement.
Will JPMorgan CEO Jamie Dimon run for president? The CEO has hinted at a run for public office, but Yahoo Finance senior columnist Rick Newman says Dimon winning the White House would be a long shot.
JPMorgan's (JPM) asset management unit enters a partnership with Clearwater (CWAN) to integrate the latter with its Morgan Money platform.
Bank stocks have been pretty volatile over the past few months, fueled by several factors -- interest rates, the economy, and high-profile bank failures, to name a few. One of the best performers last quarter was JPMorgan Chase (NYSE: JPM), the largest U.S. bank. JPMorgan Chase was arguably the sturdiest large bank in the country before the regional banking crisis occurred in March, and it may have emerged from that turmoil even stronger.
JPMorgan Chase & Co CEO Jamie Dimon on Wednesday warned "uncertainty" caused by the Chinese government could hurt investor confidence at home and abroad, and said the U.S. and China need "real engagement" on security and trade issues. Dimon is on his first visit to China since the beginning of the COVID-19 pandemic and his first since he joked in 2021 that JPMorgan will outlast China's Communist Party, sparking outrage in China and prompting him to express regret.
Succession's Roy family may not have found a happy ending, but at least they have a place to [SPOILERS] stash all those billions from their big...
Machine learning may seem like an intangible concept if you're not an engineer. JPMorgan Chase is working on AI tools that anyone can figure...
JPMorgan (JPM) cuts almost 500 jobs across several divisions after slashing 1,000 jobs at First Republic Bank.
Morgan Stanley (MS) receives permission from the CSRC to set up a futures company in China.
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