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JPM-PRG
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BUZZ-ResMed jumps as Q3 results beat estimates
ResMed's RMD.N shares jump 11% to $203.55 premarket. Stock set for an over eight-month high. Respiratory device maker's Q3 results beat estimates. Profit beat comes on the back of strong demand for co's sleep apnea devices.
Reuters · 2h ago
RPT-BREAKINGVIEWS-Vote no to bashing proxy advisers
Breakingviews: JPMorgan CEO Jamie Dimon bashes proxy advisers in annual letter to shareholders. John Foley says proxy advisers punch above their weight in influencing how companies and investors behave. He says their impact is problematic, but they are the problem. Proxy advisers' views directly affect Dimon and his counterparts, he says.
Reuters · 3h ago
UPDATE 1-Morocco’s OCP raises $2 bln in dual-tranche Eurobond
Morocco's OCP raises $2 billion in a dual-tranche Eurobond to fund its green transition plan. The phosphates and fertilisers producer says the bond is split into two tranches due in 10 and 30 years. The plan includes shifting fully to renewables by 2027. Requests for subscriptions reached 3.1 times the amount offered.
Reuters · 6h ago
UPDATE 4-Private equity group CVC shares soar on Amsterdam debut
Private equity group CVC shares soar on Amsterdam debut. Shares of CVC Capital Partners gain as much as 25% on their first day of trading in Amsterdam. IPO valued one of Europe's largest buyout firms at around 14 billion euros. CVC said it would raise 2-2.3 billion euros from the deal.
Reuters · 9h ago
PRECIOUS-Gold prices set for weekly decline ahead of US inflation data
Gold prices set for weekly decline ahead of key U.S. Inflation data. Spot gold prices dipped 0.1% to $2,331.15 per ounce. Bullion prices are down 2.5% so far for the week. Markets are awaiting the Federal Reserve's preferred inflation data due at 1230 GMT.
Reuters · 13h ago
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 · 23h ago
UPDATE 2-BGC Group's FMX Futures takes aim at 'heavyweight champ' CME
BGC Group's FMX Futures platform joins forces with Wall Street's biggest banks to take on CME Group. FMX currently offers trading in cash U.S. Treasuries and spot currencies. Group of financial firms including Bank of America make minority equity investments in FMX. FMx aims to compete with CME in the interest rates derivatives market.
Reuters · 23h ago
UPDATE 3-BGC Group takes aim at 'heavyweight champ' CME exchange
BGC Group's BGC.O FMX business to take on leading exchange operator CME Group. Financial firms including Bank of America and Goldman Sachs make minority equity investments in FMX. FMX aims to compete with CME in the interest rates derivatives market. CME has 99% of the futures market in America.
Reuters · 23h 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 · 1d ago
UPDATE 3-First Citizens profit beats estimates as Silicon Valley Bank stabilizes
First Citizens profit beats estimates as Silicon Valley Bank stabilizes in first quarter. Shares surged almost 10% in afternoon trading. The lender earned higher interest income and started seeing benefits of its acquisition of failed SVB last year. SVB's loans steadied at $55 billion for the first time since acquisition.
Reuters · 1d 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 · 1d 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 · 1d 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 · 1d 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 · 1d 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 · 1d ago
MEDIA-JPMorgan is talking with investors about two synthetic risk transfers- Bloomberg News
Reuters · 2d ago
MEDIA-Goldman Sachs hires JPMorgan's co-head of European M&A Woehrn in sponsors push- Financial News
Reuters · 2d 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 · 2d 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 · 2d ago
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About JPM-PRG
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.