Previous close | 41.32 |
Open | 37.60 |
Bid | 32.85 |
Ask | 33.45 |
Strike | 170.00 |
Expiry date | 2025-01-17 |
Day's range | 33.70 - 37.60 |
Contract range | N/A |
Volume | |
Open interest | 4.18k |
JPMorgan Chase (JPM), the nation's largest bank, made various announcements during their annual investor day, boosting their 2024 revenue outlook and setting new expectations for their share buyback program. The bank now projects to generate $91 billion in net interest income for the current year. Additionally, JPMorgan outlined its approach to share buybacks, with CEO Jamie Dimon providing insights into his decision not to pursue aggressive repurchases. Dimon also touched upon his succession plans and artificial intelligence. Yahoo Finance's David Hollerith breaks down the details of the event, shedding light on the key themes that emerged from JPMorgan Chase's investor day. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
The nation's largest bank boosted expectations for a key revenue source in 2024 due partly to fewer rate cuts expected from the Federal Reserve.
Attendees at JPMorgan's annual investor day Monday will be listening for answers to some key questions. A top concern is how much longer Jamie Dimon plans to run the largest US bank.