|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's range||134.41 - 136.84|
|52-week range||101.28 - 144.34|
|Beta (5Y monthly)||1.08|
|PE ratio (TTM)||9.95|
|Earnings date||14 Jul 2023|
|Forward dividend & yield||4.00 (2.91%)|
|Ex-dividend date||05 Jul 2023|
|1y target est||160.53|
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.
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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.
(Bloomberg) -- JPMorgan Chase & Co. has appointed Omar El Amine Fichtali as head of investment banking in Saudi Arabia, according to an internal memo seen by Bloomberg News.Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two Years‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeA $189 Airport Travel Hack Is No Longer Working Very WellThe move comes w
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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(Bloomberg) -- US prosecutors are reviewing stock trading by some of First Republic Bank’s employees during the lender’s recent collapse, according to people familiar with the matter. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Out and Sends Warn
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NEW YORK (Reuters) -JPMorgan Chase & Co may move forward with its lawsuit seeking to hold former executive Jes Staley liable for concealing what he knew about the disgraced financier Jeffrey Epstein, a U.S. judge ruled on Wednesday. The ruling by U.S. District Judge Jed Rakoff in Manhattan means Staley, who is also a former Barclays Plc chief executive, could be on the hook for millions of dollars over his ties to Epstein, a JPMorgan client from 1998 to 2013. Lawyers for Staley did not immediately respond to requests for comment.
At JPMorgan Chase's (NYSE: JPM) recent investor day, CEO Jamie Dimon provided a lot of insight into how he felt about the banking industry and the economy. One thing Dimon is very concerned about right now is the Federal Reserve's ongoing efforts to shrink its balance sheet in a process known as quantitative tightening (QT). In fact, Dimon said he thinks he's more concerned about QT than most.
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The billionaire Anil Agarwal-led group is relying on money from its units to tackle its debt burden, after its efforts to sell some zinc assets to Hindustan Zinc Ltd for $3 billion failed. Earlier this month, Vedanta reported an 8% slump in its fourth-quarter profit as prices of metals declined. JPMorgan and Oaktree declined to comment, while Vedanta did not immediately respond to a Reuters' request for comment.