News
JPM-PRH
25.03
0.00%
0.00
EXCLUSIVE-JPMorgan dealmakers Lipsky and Lee are leaving the bank, sources say
JPMorgan dealmakers Andy Lipsky and Haidee Lee are leaving the bank, sources say. The exits follow the departure of Phil Ross, a 25-year JPMorgan veteran. Lee is returning to Goldman Sachs, sources said. The bank has faced a string of prominent departures in recent months.
Reuters · 12h ago
JPMORGAN DEALMAKER HAIDEE LEE LEAVING TO JOIN GOLDMAN SACHS, SOURCES SAY
Reuters · 13h ago
UPDATE 1-JPMorgan Chase sues Russia's VTB Bank over effort to unfreeze assets
JPMorgan Chase sues Russia's VTB Bank over effort to unfreeze assets. Bank says $439.5 million blocked after Russia invaded Ukraine and VTB was hit with sanctions. JPMorgan says VTB filed a lawsuit in Russia to recover the money in "blatant breach" of agreement.
Reuters · 15h ago
FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets
Major banks release forecasts for global growth, inflation and other assets in 2024. HSBC, BofA Global Research, Wells Fargo Investment Institute provide forecasts for 2024. Forecasts come as major central banks across the globe have indicated interest rate cuts this year. U.S. Consumer prices are expected to rise more than expected in March.
Reuters · 18h ago
BUZZ-Biohaven dips after $230 mln equity raise
Biohaven's BHVN.N shares down 2.6% at $42.90 before the bell after follow-on priced. Biotech firm announces $230 mln equity raise. Firm's stock has roughly tripled over the past 12 months. Company is developing an experimental inflammatory disease drug.
Reuters · 19h ago
BUZZ-Intra-Cellular Therapies slips on $500 mln stock offering
Intra-Cellular Therapies' ITCO.O shares down 3.6% at $73.90 premarket after follow-on offering priced. Biopharma co announced $500 mln stock offering for depression drug. ITCI's shares closed up 23% on Tuesday after drug met main goal in late-stage study.
Reuters · 19h ago
CORRECTED-BREAKINGVIEWS-Wells Fargo has worn its dunce cap long enough
Wells Fargo was prohibited from getting bigger for a series of flagrant customer abuses. John Foley says the bank has worn its dunce cap long enough. He says the $2 trillion cap on assets is costly to Wells Fargo. The bank missed out on $540 billion of deposit growth, he says.
Reuters · 21h ago
BUZZ-Forvia rises on Q1 organic growth slightly ahead of estimates
Forvia reports organic sales growth slightly ahead of estimates for Q1. European automotive supplier confirms its FY guidance. Shares in Forvia rise 4.8% after the announcement. J.P.Morgan says Forvia's Q1 marks a good start to the year for the company.
Reuters · 1d ago
Oil inches up after U.S. reimposes Venezuela oil sanctions
Oil inches up after U.S. Reimposes Venezuela oil sanctions. European Union talked of fresh curbs on Iran. The United States said it would reinstate oil sanctions Venezuela. The two benchmarks slid 3% in the previous session on demand worries. Brent futures up 10 cents in early trade on Thursday.
Reuters · 1d ago
Discover Financial's profit falls on higher loan loss provisions
Discover Financial's profit falls on higher loan loss provisions. The lender set aside more in rainy-day funds to cover for potential credit losses. U.S. Banks have increased their provisions for losses from bad loans as interest rates rise. Discover agreed to be acquired by Capital One Financial in a $35.3 billion deal.
Reuters · 1d ago
EMERGING MARKETS-Latam stocks, currencies snap 5-day losing streak as dollar recedes
Latam stocks, currencies snap 5-day losing streak as dollar recedes. MSCI index for Latin American currencies up 0.7% after dropping 1.9% on Tuesday. Brazil's central bank chief hints at slowing pace of rate cuts. Chile central bank considered 75 or 100 bp cut in April- minutes. Latam stocks rise 0.5% after strong earnings reports also support regional bourses.
Reuters · 1d ago
BUZZ-Montrose Environmental slides on stock offering plans
Montrose Environmental Group's MEG.N shares down 10.8% at $37.43, a 3-week low. Environmental solutions firm late Tues launched 3 mln share offering. Company intends to use proceeds to accelerate strategic growth initiatives. MEG shares up 16% YTD.
Reuters · 1d ago
Japanese valuations continue to appeal despite strong run, investors say
Japanese valuations continue to appeal despite strong run, investors say. The Nikkei .N225 rallied to a record high in March. Earnings, improving corporate governance and macro fundamentals continue to drive optimism. Japan is the "go-to market" in Asia for investors.
Reuters · 1d ago
CORRECTED-Japanese valuations continue to appeal despite strong run, investors say
Japanese valuations continue to appeal despite strong run, investors say. Nikkei rallied to a record high in March. Earnings buoyed by Japan's improving corporate governance and macro fundamentals continue to drive optimism. Japan is the "go-to market" in Asia, fund managers say.
Reuters · 1d ago
BUZZ-Omnicom advances on Q1 results beat; Wells Fargo upgrade
Omnicom Group shares gain 2.6% to $93.35 premarket. Omnicom's Q1 adj. Profit of $1.67/shr beat analysts' estimates. Three brokerages raise price targets on the stock. Wells Fargo upgrades co to "overweight" after results.
Reuters · 1d ago
BUZZ-JPM upbeat on European Metals & Mining, but says China property still a risk
JPM upbeat on European Metals & Mining, but says China property still a risk. J.P.Morgan sees favourable momentum for European metals and mining cos. But says China's property sector is still a key risk to European steel prices term. Broker expects upward momentum for global PMIs to support M&M equities.
Reuters · 1d ago
Banks falling behind on messaging app scrutiny, survey finds
Survey finds banks falling behind on monitoring and archiving of all business-related communications using personal messaging apps. 63% of compliance executives say they are monitoring staff usage of WhatsApp for compliance purposes. Just 27% said they are investing in communications surveillance capabilities, survey finds. Banks fall behind on messaging app scrutiny, compliance firm SteelEye says.
Reuters · 1d ago
BUZZ-Price rises may boost paper & packaging firms' outlooks, JPM says
Recent price rises in pulp and containerboard raise chance for upward guidance revisions from paper and packaging firms, J.P.Morgan says. JPM downgrades SCA SCAb.ST to "underweight" from "equalweight" It sees better investment options in UPM, Stora Enso and Smurfit Kappa.
Reuters · 2d ago
BUZZ-LVMH's beauty performance provides 'helpful' read for sector, analysts say
J.P.Morgan, Jefferies say LVMH's Q1 results provide 'helpful' read for luxury beauty sector. Perfume & Cosmetics unit slightly beat expectations with 7% sales growth. Jefferies flags strong momentum in Christian Dior and Sephora. Ulta Beauty's CEO warned of lackluster first-quarter demand.
Reuters · 2d ago
More
Webull provides a variety of real-time JPM-PRH stock news. You can receive the latest news about JPMORGAN CHASE through multiple platforms. This information may help you make smarter investment decisions.
About JPM-PRH
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking. The Corporate & Investment Bank segment, comprising Banking and Markets & Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services to corporations, investors, financial institutions, and government and municipal entities. The Commercial Banking segment provides financial solutions, including lending, treasury services, investment banking and asset management. The Asset Management segment comprises investment and wealth management.