News
JPM-PRH
25.03
0.00%
0.00
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 · 4h 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 · 4h 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 · 6h 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 · 9h 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 · 10h 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 · 14h 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 · 15h 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 · 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 · 2d ago
RPT-COLUMN-Has Wall Street peaked too early?: McGeever
Jamie McGeever says Wall Street's recent 5% mini-correction may have peaked too early. He says stocks face higher earnings and interest rate hurdles in the second half of the year. The S&P 500 index retreated 5.5% from its all-time high on March 28. But the U.S. Exceptionalism is alive and well, he says.
Reuters · 2d ago
COLUMN-Has Wall Street peaked too early this year?: McGeever
Jamie McGeever: Wall Street's recent 5% mini-correction may have peaked too early this year. He says stocks face higher earnings and interest rate hurdles in the second half of the year. The S&P 500 index retreated 5.5% from its all-time high of 5,264.85 points on March 28. But he says the U.S. Exceptionalism is alive and well and the market will recover. Mc geever says the biggest risk this year is higher interest rates and inflation.
Reuters · 2d ago
UPDATE 2-JPMorgan CEO Dimon says US economy is booming
JPMorgan Chase CEO Jamie Dimon says the U.S. Economic boom is "unbelievable" Dimon spoke at an Economic Club of New York event on Tuesday. He warned about potential economic effects of rising debt, inflation and geopolitical conflicts. Dimon has been floated for senior economic roles in the government.
Reuters · 2d ago
MEDIA-Big banks face probe over non-disclosure agreements in swaps, clearing businesses- Bloomberg News
Reuters · 2d ago
JPMORGAN CEO SAYS GEOPOLITICAL SITUATION IS MOST COMPLICATED AND DANGEROUS SINCE WORLD WAR II
Reuters · 2d ago
JPMORGAN CEO SAYS U.S. ECONOMY IS 'UNBELIEVABLE' AND BOOMING
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.