|Day's range||109.59 - 109.63|
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.
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.
Smart Beta ETF report for JPEM
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The layoffs will affect employees across the bank's main businesses -- consumer, commercial banking, asset and wealth management -- as well as technology and operations, the source said. JPMorgan is the largest U.S. lender. JPMorgan declined to comment.
JPMorgan Chase & Co Chief Executive Jamie Dimon said in a deposition on Friday that he had never met or communicated with late sex offender and former bank client Jeffrey Epstein, the bank said. The largest U.S. bank faces lawsuits seeking damages by women who claim that Epstein sexually abused them, and by the U.S. Virgin Islands, where the late financier had a home. Epstein was a JPMorgan client from 2000 to 2013, remaining so after pleading guilty in 2008 to a Florida state prostitution charge.
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As part of the integration process, JPMorgan (JPM) and First Citizens BancShares (FCNCA) announce layoffs at acquired First Republic Bank and Silicon Valley Bank, respectively.
Smart Beta ETF report for JPIN
JPMorgan Chase (NYSE: JPM), the largest bank by assets in the U.S., currently has an annual dividend yield of roughly 2.9%. While that's certainly respectable, JPMorgan hasn't raised its quarterly dividend since 2021, which might make investors that buy the stock at least partly for the dividend wonder when the next increase is coming. Will JPMorgan Chase boost its dividend this year?
JPMorgan Chase & Co. (JPM) closed at $135.67 in the latest trading session, marking a +0.24% move from the prior day.
JPMorgan Chase & Co on Thursday unveiled new accusations that the U.S. Virgin Islands was complicit in Jeffrey Epstein's sex crimes, including that a former first lady for the territory sought student visas for some of the disgraced financier's victims. The largest U.S. bank also singled out Governor Albert Bryan as being among government officials who maintained "close ties" with Epstein, saying that in 2018 he arranged donations from Epstein to schools and little leagues. JPMorgan made the accusations in a filing in Manhattan federal court, where the U.S. Virgin Islands wants the bank held liable in a civil lawsuit for keeping Epstein as a client from 1998 to 2013, the last five years after he pleaded guilty to prostitution.
(Reuters) -JPMorgan Chase & Co has notified nearly 1,000 First Republic Bank employees that they will no longer have a job as it integrates the failed lender it bought earlier this month, a person familiar with the matter told Reuters on Thursday. JPMorgan, the largest U.S. bank, has offered employment to about 85% of First Republic's almost 7,000 employees for transitional or full-time roles, the source said. "We've been transparent with their employees and kept our promise to update them on their employment status within 30 days," JPMorgan said in an emailed statement.
(Reuters) -JPMorgan Chase & Co has told clients with personal credit lines at First Republic Bank that it will no longer offer them when they come up for renewal, a person familiar with the matter told Reuters on Thursday. The bank does not offer personal lines of credit and therefore has no plans to offer them to former First Republic clients when they come up for renewal, the source said. Regulators seized First Republic and sold its assets to JPMorgan in early May, in their move to resolve the largest U.S. bank failure since the 2008 financial crisis.
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