News
JPM-PRD
24.97
+0.28%
0.07
UPDATE 1-BGC Group's FMX Futures gets funding from banking consortium
BGC Group's FMX Futures gets funding from banking consortium. The exchange platform will rival CME Group in the interest rates derivatives market. FMX is expected to launch in September 2024. The consortium includes Bank of America, Citigroup and Goldman Sachs. BGC Group says its exchange platform valued at $667 million.
Reuters · 37m ago
BUZZ-Chip stocks outperform broader markets on signs of strong AI spend
Chip stocks outperform broader markets on signs of strong AI spend. Philadelphia Semiconductor Index .SOX rises 0.6%, bucking the broader market trend. Sign of increasing investments in AI spurred bets of higher demand for chips that support the technology. Instagram parent forecast higher AI expenses and lighter-than-expected revenue.
Reuters · 2h ago
SVB-owner First Citizens' profit beats estimates on interest income strength
SVB-owner First Citizens' profit beats estimates on interest income strength. First Citizens BancShares' first-quarter profit beat expectations as lender earned higher interest income. The lender has been boosted by its acquisition of Silicon Valley Bank last year. The bank's interest income more than doubled from a year earlier to $1.82 billion.
Reuters · 5h ago
BREAKINGVIEWS-Vote no to bashing proxy advisers
Breakingviews: JPMorgan CEO Jamie Dimon bashes proxy advisers in annual letter to shareholders. John Foley says ISS and Glass Lewis punch above their weight in influencing companies and investors. He says their impact is problematic, but they are the problem. The proxy advisers' views directly affect Dimon and his counterparts, he says. Foley: Shareholders should vote to support companies rather than bashing them.
Reuters · 6h ago
Russia's VTB Bank eyes record 2024 profits despite Q1 drop
Russia's VTB Bank eyes record 2024 profits despite Q1 drop in first-quarter profit to 122.4 billion roubles. VTB expects to make record profits in 2024 as fee and commission income continues growing. CFO of Russia's second-largest bank also touches on legal dispute with JPMorgan Chase.
Reuters · 10h ago
UPDATE 3-Hygiene product maker Essity's Q1 profit beats expectations
Hygiene product maker Essity's Q1 profit beats expectations. Its adjusted quarterly earnings before interest, tax and amortisation rose 12% from a year earlier. Shares in the company rose 3.4% at market open. The company continues to focus on boosting its volumes and market share.
Reuters · 11h ago
Jpmorgan Chase & Co: Prospectus [Rule 424(b)(2)]
Press release · 21h ago
BUZZ-Brokerage Stifel raises PT on Philip Morris
Stifel raises PT on Philip Morris after company beats Q1 results. Brokerage raises PT to $115 from $108 on robust demand for heated tobacco sticks and Zyn pouches. Thirteen of 17 brokerages rate stock "buy" or "higher"
Reuters · 22h ago
MEDIA-JPMorgan is talking with investors about two synthetic risk transfers- Bloomberg News
Reuters · 1d ago
MEDIA-Goldman Sachs hires JPMorgan's co-head of European M&A Woehrn in sponsors push- Financial News
Reuters · 1d ago
BUZZ-Enphase Energy falls on downbeat forecast, other solar stocks follow
Enphase Energy shares fall 7.9% to $104.49 premarket on downbeat forecast. Solar energy firm forecasts Q2 revenue of $290 mln to $330 mln, below Wall Street view of $337.2 mln. Other solar stocks, including Sunnova Energy and SunPower Corporation, also fall.
Reuters · 1d ago
Russian court orders seizure of JPMorgan Chase funds in VTB lawsuit
Russian court orders seizure of JPMorgan Chase funds in VTB lawsuit. State-owned bank VTB seeks to regain funds blocked abroad. JP Morgan Chase last week sued VTB in New York to halt its efforts to recover $439.5 million. The funds were blocked after Russia despatched its army to Ukraine and VTB was hit with sanctions.
Reuters · 1d ago
UPDATE 1-Big banks face probe over NDAs in swaps, clearing businesses, Bloomberg reports
Commodity Futures Trading Commission asks banks for NDAs in swaps, clearing businesses, Bloomberg reports. CFTC wants to see if banks are preventing would-be whistleblowers from speaking out, report says. JPMorgan Chase, Bank of America and Citigroup among banks facing probe.
Reuters · 1d ago
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About JPM-PRD
JPMorgan Chase & Co. is a financial holding company. It has four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital (including mobile and online) and telephone banking. CIB segment consists of banking and markets and securities services, and offers a suite of investment banking, market-making, prime brokerage, lending, and treasury and securities products and services to a global client base of corporations, investors, financial institutions, merchants, government and municipal entities. CB segment provides financial solutions, including lending, payments, investment banking and asset management products across three primary client segments: Middle Market Banking, Corporate Client Banking and Commercial Real Estate Banking. AWM segment offers investment and wealth management solutions.