jpmorgan
ValueWalk
New York (AFP) - Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession. JPMorgan Chase reported higher profits, citing increased asset management and investment banking fees as well as the lift from lofty interest rates, while Citigroup and Wells Fargo reported dipping profits on higher costs. Compared with a year ago, the banks have seen some uptick in write-offs for bad loans, reflecting the weaker profile of low-income consumers. However, bankers still point to a h...
AFP
New York (AFP) - Large US banks reported mixed results Friday, dented by exceptional costs connected to job cuts and to replenishing a federal fund tapped during last year's crisis involving midsized lenders. But while consumer credit quality has diminished somewhat, executives continued to describe a relatively solid US economy, with talk of a recession replaced by a "soft landing" of slower growth. "We think the soft landing is a core thesis," Bank of America Chief Executive Brian Moynihan said on a conference call with analysts, adding that consumers are "still in the game" even as consumpt...
AFP
New York (AFP) - JPMorgan Chase announced Tuesday that it will pay $75 million to settle a US Virgin Islands' (USVI) lawsuit that accused the bank of facilitating Jeffrey Epstein's sex trafficking ring. The big US bank, which previously reached a $290 million settlement with Epstein's victims, also announced an agreement with former JPMorgan executive Jes Staley for an undisclosed sum. These cases together resolve the bank's remaining litigation over its embarrassing long-running association with the late Epstein. The agreement with the USVI came a few weeks ahead of a scheduled trial in New Y...
AFP
New York (AFP) - JPMorgan Chase announced Tuesday that it will pay $75 million to settle a US Virgin Islands' (USVI) lawsuit that accused the bank of facilitating Jeffrey Epstein's sex trafficking ring. The big US bank, which previously reached a $290 million settlement with Epstein's victims, also announced an agreement with former JPMorgan executive Jes Staley for an undisclosed sum. These cases together resolve the bank's remaining litigation over its embarrassing long-running association with the late Epstein. The agreement with the Virgin Islands came a few weeks ahead of a scheduled tria...
AFP
New York (AFP) - Results of large US banks released Friday underscored the boon from higher interest rates, as executives described the world's biggest economy as "resilient" but facing risks. JPMorgan Chase, Citi and Wells Fargo all enjoyed the benefits of being able to charge higher rates on credit cards and other loans, while not yet suffering as much of a hit from elevated interest payments to depositors. JPMorgan and Wells Fargo both reported huge increases in second-quarter profits while Citi experienced a drop, citing an anemic investment banking market as a drag on revenues. Executives...
AFP
New York (AFP) - JPMorgan Chase has agreed to pay $290 million to settle a class action lawsuit brought by victims of Jeffrey Epstein's sex trafficking scheme, the accusers' lawyer said Monday. The original complaint against JPMorgan accused the big US bank of providing financial services that enabled Epstein's abuse, while ignoring red flags in order to profit off of a wealthy client. JPMorgan has said Epstein himself is to blame for the atrocities, while arguing that it cut him off when the bank became aware of wrongdoing. The two sides disclosed the settlement early Monday, saying the agree...
AFP
JPMorgan and Morgan Stanley maintain the top two positions with Jefferies rising up to third place overallFurther shifts in the top 20 league table expected as a result of regulatory uncertainty in the UK and USSubstantive Research, the research discovery and research spend analytics provider for the buy-side, today published headline conclusions on the current state of broker research pricing, supply and market share. The messages are clear – investment in senior analyst teams is paying off for investment research providers. This is especially important as regulatory uncertainty in the US and...
ValueWalk
In hisDaily Market Notes report to investors, Louis Navellier wrote: Jamie Dimon’s War RoomBanking woes continue, debt ceiling in focus, stocks giving back most of yesterday’s gains. Regional banks are seeing continued deposit outflows and the FDIC announced new fees to refill their depleted insurance fund with the major banks on the hook for 90% of it. The KRE regional banking ETF is down 2% this morning, -38% YTD. The debt ceiling discussion remains at an impasse with Biden still saying that he won’t budge off the existing budget plans and won’t entertain the budget cuts the House wants for ...
ValueWalk
In hisDaily Market Notes report to investors, Louis Navellier wrote: JPMorgan Absorbs First Republic BankStocks hit the high for the year as First Republic Bank (NYSE:FRC) was absorbed by JPMorgan Chase & Co (NYSE:JPM). With the expectation of the Russell 2000, all the major indexes carved out a gain for April on the strength of the major rally at the end of last week, with stocks now near the high for the year and back where we were a full year ago, before the Fed began to raise rates. Consider that for the year to date, the biggest 50 S&P stocks are up 15.4% while the equal-rated Russell 100...
ValueWalk
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら