JPM Jun 2025 170.000 put
- Business Wire
JPMorgan Chase Declares Preferred Stock Dividends
NEW YORK, June 14, 2024--JPMorgan Chase & Co. (NYSE: JPM) ("JPMorgan Chase" or the "Firm") has declared dividends on the outstanding shares of the Firm’s Series CC, FF and HH preferred stock. Information can be found on the Firm’s Investor Relations website at https://www.jpmorganchase.com/ir/news.
- Yahoo Finance Video
Quality, scale matter most in banking sector: Portfolio manager
During Federal Reserve Chair Jerome Powell's latest press conference, he was bullish on the banking industry despite the prevailing high interest rate environment. To discuss their outlook on the banking sector, Zacks Investment Management Client Portfolio Manager Brian Mulberry and Whalen Global Advisors Chairman Chris Whalen join Market Domination. Mulberry notes that there hasn't been "another wave of bank failures," attributing previous failures to poor management and "overexposure to bad assets." However, he acknowledges that banks have rebounded, gained more liquidity, and strengthened their structures. Looking ahead, Mulberry emphasizes that quality and scale "will matter the most" for banks moving forward. On the other hand, Whalen advises looking at "the banks that actually perform well." Whalen expresses skepticism about the commercial banking sector's ability to achieve a soft landing scenario under the current high interest rate environment, citing "a horrific destruction of value." However, he suggests that the consumer side of banking remains relatively resilient. 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
- Reuters
JPMorgan, Greek fintech, claim success in London court
Wall Street bank JP Morgan and Greek fintech boss Haris Karonis both claimed success on Thursday in a London court battle over how to value a joint business, paving the way for its potential sale. Karonis's WEREALIZE.COM (WRL), the majority owner of Athens-based Viva Wallet, has accused JP Morgan of trying to hamper the growth of the payments platform and both sides sued each other in London. But a London judge dismissed suggestions that JP Morgan had any incentive to depress Viva's value and set out how the business should be valued, a judgment published on Thursday showed.
