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Stay informed with the latest market news and analysis about JPM
2024-11-22
High-Yield Savings Accounts Are Still a Good Deal
Nov 22, 2024, 9:00 AM
Interest rates have been falling, but deposits are earning more than inflation.
Big Banks Bet Trump Will Make the Best of Times Even Better
Nov 22, 2024, 8:31 AM
(Bloomberg Markets) -- You wouldn’t have known JPMorgan Chase & Co. had just reported its best quarter by the way Jamie Dimon talked about his competition in July 2023. “They’re dancing in the streets,” the chief executive officer said, referring to hedge funds and private equity firms that were piling into the lending business as banks like his faced higher capital requirements.Most Read from BloombergTrump Promises Could Have Seismic Impact on Washington EconomyTokyo’s Scorching Summers Focus
2024-11-15
The public (and sometimes messy) race to become Trump’s Treasury secretary
Nov 15, 2024, 12:09 PM
The race to become Donald Trump’s Treasury Secretary is getting more harried — and public — by the day as candidates jockey for the attention of the president-elect.
2024-11-14
Jamie Dimon and Donald Trump make it official: They won’t be joining forces
Nov 14, 2024, 4:36 PM
President-elect Donald Trump and JPMorgan Chase CEO Jamie Dimon made it clear Thursday they won’t be working together when Trump moves back into the White House.
2024-11-13
Bankers beware: Elizabeth Warren becomes top Democrat on key Senate banking panel
Nov 13, 2024, 10:43 AM
The elevation of Elizabeth Warren as the top Democrat on a key Senate banking panel could mean some headaches for Wall Street financial giants in 2025
2024-11-12
Wall Street is bullish about bigger bonuses again
Nov 12, 2024, 9:39 AM
Wall Street is preparing for higher bonuses for the first time since 2021, with underwriters and traders getting the biggest pay boosts for 2024 performance.
2024-11-11
Trump is the most pro-stock market president in history, Wharton’s Jeremy Siegel says
Nov 11, 2024, 8:36 AM
"President-elect Trump is the most pro-stock market president we have had in our history," Siegel said on CNBC's "Squawk Box" Monday.
2024-11-07
Federal Reserve cuts interest rates by 25 basis points
Nov 7, 2024, 2:02 PM
The Fed cut interest rates by 25 basis points, avoiding any surprises just days after the election of Donald Trump as the next US president.
2024-11-06
Who might Trump pick to serve as Treasury secretary?
Nov 6, 2024, 5:20 PM
President-elect Trump will soon begin announcing nominees to key cabinet positions, and his Treasury secretary pick will play a key role in advancing his economic agenda.
Wall Street scores political victory with a Trump win: 'This should aid all banks'
Nov 6, 2024, 8:28 AM
US bank stocks rallied following a decisive win by President-elect Donald Trump, in a sign that big Wall Street financial institutions expect to have an easier time in Washington under a new Republican administration.
Stock market today: Dow, S&P 500, Nasdaq futures soar as Trump declared winner
Nov 6, 2024, 5:59 AM
Investors are in wait-and-see mode to find out whether Harris or Trump will win the US election.
Stock market today: Dow, S&P, Nasdaq futures jump as Trump closes in on victory
Nov 6, 2024, 2:30 AM
Investors are in wait-and-see mode to find out whether Harris or Trump will win the US election.
2024-11-05
5 things financial observers should watch Tuesday night that aren't Trump vs. Harris
Nov 5, 2024, 11:52 AM
The next commander in chief could be unknown for many hours (if not days) after the polls close. But that doesn't mean we won't have results this evening that financial observers will be watching closely.
2024-10-28
JP Morgan sues customers over viral cheque fraud
Oct 28, 2024, 11:40 PM
“Infinite money glitch” allowed the withdrawal of funds from cheques before they were cleared by the bank.
JPMorgan begins suing customers who allegedly stole thousands of dollars in 'infinite money glitch'
Oct 28, 2024, 1:32 PM
JPMorgan is investigating thousands of cases related to the glitch, which highlights the risk that social media can amplify vulnerabilities found at a bank.
2024-10-24
Wall Street’s trading desks are having a great year. The election could keep that going.
Oct 24, 2024, 4:00 AM
Trading desks at major banks are expecting a flurry of activity when the chaotic 2024 election comes to a close, and that could cement what is already a banner year for Wall Street.
2024-10-23
A key piece of Kamala Harris’s closing message: 'I am a capitalist'
Oct 23, 2024, 11:10 AM
Presidential campaigns often spend their final weeks searing a few final thoughts into voters' minds. For Kamala Harris, one of her key concluding messages is that she is a 'capitalist.'
Watch CFPB Director Rohit Chopra speak at DC Fintech Week
Oct 23, 2024, 10:40 AM
The director of the Consumer Financial Protection Bureau is slated to speak at DC Fintech Week on Wednesday.
2024-10-22
Jamie Dimon Privately Supports Kamala Harris. He Just Won’t Say So.
Oct 22, 2024, 11:21 AM
JPMorgan’s chief executive has told associates of his support for the vice president, and his dislike of Donald Trump. But fearful of blowback, he won’t say it publicly.
2024-10-15
'Soft landing' optimism spurs broad Wall Street rebound at big banks
Oct 15, 2024, 11:12 AM
The biggest banks staged a broad Wall Street rebound in the third quarter, as optimism about a possible 'soft landing' and rate cuts from the Fed spurred dealmaking and trading.
2024-10-13
Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
Oct 13, 2024, 7:00 AM
With the U.S. election less than a month away, the country and its corporate sectors are staring down two drastically different options.
2024-10-11
JPMorgan touts 'soft landing' possibility after better-than-feared earnings
Oct 11, 2024, 11:03 AM
Profits at JPMorgan and Wells Fargo both fell from the year-ago period, but those declines were less than what analysts expected.
Big Banks Open Their Books for First Test After Rate Cuts
Oct 11, 2024, 8:11 AM
Profits fell at JPMorgan and Wells Fargo, but the lenders reported results that were largely better than had been expected, a sign that the economy remained solid.
Wall Street Profits Surge Despite Questions About the Economy
Oct 11, 2024, 7:48 AM
JPMorgan Chase, Wells Fargo and BlackRock reported strong quarterly results to kick off earnings season, but concerns linger about the strength of the consumer.
JPMorgan's profits fall 2% despite strong Wall Street performance
Oct 11, 2024, 7:24 AM
Profits at JPMorgan Chase fell in the third quarter as it set aside more money to cover future loan losses, but its Wall Street operations beat expectations.
Andersen Capital Management CIO Peter Andersen joins 'Mornings with Maria' to discuss big bank earnings and weighs in on the Federal Reserve's handling of rate cuts.
Stock market today: Dow, S&P 500, Nasdaq futures tread water with bank earnings on deck
Oct 11, 2024, 6:42 AM
JP Morgan and Wells Fargo get earnings season going in earnest, while a wholesale inflation print is in focus after the CPI surprise.
Stocks steady as traders await US earnings season: Markets Wrap
Oct 11, 2024, 3:15 AM
(Bloomberg) -- European stocks and US futures were little changed as traders digested hotter-than-anticipated inflation in the US and readied for the earnings season to take off. Most Read from BloombergThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsSan Francisco to Shut 9% of Public Schools Amid Budget WoesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationShould Evictions Be Banned After H
JPMorgan Chase is set to report third-quarter earnings – here's what the Street expects
Oct 11, 2024, 12:01 AM
JPMorgan will be watched closely for clues on how banks are faring at the start of the Federal Reserve's easing cycle.
2024-10-10
The Fed is finally cutting rates, but banks aren't in the clear just yet
Oct 10, 2024, 12:51 PM
When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many banks.
2024-10-09
The big question hanging over banks as earnings season starts
Oct 9, 2024, 4:00 AM
Investors have questions about how a new Federal Reserve rate-cutting cycle will affect the biggest US banks, and they will be looking for some answers as third-quarter earnings season begins Friday.
2024-10-07
Stock market today: Dow futures slip with stocks in retreat as investors rethink rate-cut bets
Oct 7, 2024, 7:08 AM
Investors have overhauled their views on interest-rate cuts after a blowout jobs report, ahead of a week of key inflation data and the start of earnings season .
S&P’s $8 Trillion Rally Will Be Tested by Tricky Earnings Season
Oct 6, 2024, 9:00 AM
(Bloomberg) -- Traders are staring down a series of risks after the stock market’s torrid start to the year, from economic fear, to interest rate uncertainty, to election angst. But perhaps the most important variable for whether equities can keep rolling returns to the spotlight this week: corporate earnings.Most Read from BloombergSingapore Ends 181 Years of Horse Racing to Make Way for HomesFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsWhat Do US Vehicle Regulators Have Against
2024-10-06
Inflation update and the start of Q3 earnings: What to know this week
Oct 6, 2024, 7:34 AM
Investors will be closely tracking quarterly reports from the big banks as third quarter earnings season kicks off.
2024-10-04
Slatestone Wealth chief market strategist Kenny Polcari reacts to Biden's acting labor secretary's commentary on the jobs report and future Fed rate cuts.
2024-10-02
Victim’s Unsealed Testimony Reveals New Details in Epstein Case
Oct 2, 2024, 11:21 AM
The woman testified in a now-settled lawsuit against J.P. Morgan Chase on behalf of hundreds of Jeffrey Epstein’s victims.
2024-10-01
BlackRock’s Fink says market is wrong on Fed rate-cut bets
Oct 1, 2024, 5:02 AM
(Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink said the market is pricing too many interest-rate cuts from the Federal Reserve given the US economy continues to grow.Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsGang Violence Is Moving to the Amazon’s Fast-Growing CitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyClimate Migrants Stand to Overwhelm World’s MegacitiesA Housing Crisis Brews in Rwanda’s Capital City“
2024-09-29
Wall Street forms super teams to fight for $1.7 trillion private credit market
Sep 29, 2024, 10:03 AM
Big banks and private equity giants are joining forces to create new Wall Street super groups, with the goal of capturing a bigger slice of the $1.7 trillion private credit market.
2024-09-27
Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams
Sep 27, 2024, 10:15 AM
JPMorgan disclosed that the CFPB could punish the lender for its role in Zelle, the giant peer-to-peer digital payments network.
2024-09-25
Wall Street just got another sign that dealmaking is on its way back
Sep 25, 2024, 5:51 PM
Investment banking fees at Jefferies Financial Group were up 47% from a year ago, the newest signal of a recovery across Wall Street from a two-year-long dealmaking drought.
2024-09-19
Bank stocks rise on Fed rate-cut rally
Sep 19, 2024, 11:20 AM
US bank stocks surged Thursday following a jumbo rate cut from the Federal Reserve, a sign of bullishness among investors who now expect an easing of monetary policy will boost Wall Street giants and smaller regional lenders.
2024-09-18
QI Research CEO and chief strategist Danielle DiMartino Booth reacts to the Federal Reserve cutting interest rates by half a percentage point on 'Making Money.'
Fed slashes interest rates by a half-point, an aggressive start to its first easing campaign in four years
Sep 18, 2024, 2:00 PM
The Federal Reserve on Wednesday released its decision regarding interest rates.
JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns
Sep 18, 2024, 10:50 AM
The move shows how JPMorgan Chase, the biggest American investment bank by revenue, is responding to the latest untimely death on Wall Street.
FOX Business' Gerri Willis breaks down the impact of the Fed's rate decision on Americans' finances during 'Mornings with Maria.'
JPMorgan’s Dimon says Fed rate cut won’t be ‘Earth-shattering’
Sep 17, 2024, 5:56 PM
(Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said whether the Federal Reserve cuts interest rates by 25 or 50 basis points, the move is “not going to be earth-shattering.”Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughPipe Fire Near Houston Forces Residents to EvacuateLondon Mayor Plans to Pedestrianize Busy Oxford StreetTo Build a Happier City, Design for DensityAn Artist Reimagines the Spaces of Childhood, With Thorny Resu
2024-09-17
Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs
Sep 17, 2024, 3:03 PM
While the talks are early and could falter, the move could mean that the country's largest credit card issuer may be about to grow even larger.
F.D.I.C. Says Banks Need to Keep a Record of Their Fintech Customers
Sep 17, 2024, 10:59 AM
Banks holding customer funds for money management apps should keep track of customers’ identities and balances, the agency says.
FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle
Sep 17, 2024, 10:01 AM
The rule, aimed at accounts opened by fintech firms that partner with banks, makes the institution maintain records of who owns the account and daily balances.
Banking Deal Oversight Expected to Get a Major Revamp
Sep 17, 2024, 7:35 AM
The F.D.I.C. and the Justice Department are likely to change how they evaluate mergers and acquisitions in the banking industry.
2024-09-16
RBC Capital Markets managing director Gerard Cassidy details the beginning of a rate cute 'cycle' and a 'slow' return from inflationary pressures.
As Federal Reserve Readies Interest Rate Cut, Risks to Job Market Still Loom
Sep 16, 2024, 5:03 AM
The Federal Reserve is poised to lower interest rates this week. Recent jobs data have been a reminder that a soft landing is not yet assured.
2024-09-12
JPMorgan caps junior bankers' hours—at 80 per week
Sep 12, 2024, 3:53 PM
JPMorgan and Bank of America are cracking down on the industry’s infamous always-on culture.
Here's the deflation breakdown for August 2024 — in one chart
Sep 12, 2024, 12:21 PM
Consumer prices are falling in pockets of the U.S. economy, in categories such as cars, household furniture and certain groceries.
NorthEnd Private Wealth CIO Alex McGrath warns that cutting rates too quickly may cause inflation to 'spike' back up.
2024-09-10
Big bank stocks slide as executives temper earnings and digest less onerous capital increases
Sep 10, 2024, 5:12 PM
Big bank executives delivered mostly tempered and cautionary comments around the uncertainty of earnings going forward at a conference hosted by Barclays Monday and Tuesday.
Tech leads S&P, Nasdaq higher as banks drag on Dow
Sep 10, 2024, 4:06 PM
Investors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
Stock market today: Nasdaq rises, Dow falls in whipsaw trading action as inflation report looms
Sep 10, 2024, 3:00 PM
Investors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
Stock market today: Stocks fall in whipsaw trading action as inflation report looms
Sep 10, 2024, 12:31 PM
Investors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
JPMorgan Chase shares drop nearly 7% after bank tempers guidance on net interest income
Sep 10, 2024, 11:58 AM
JPMorgan Chase shares plummeted after the bank said estimates for net interest income next year were too high.
The Fed scales back proposal for bank capital requirements
Sep 10, 2024, 11:53 AM
The Federal Reserve unveiled that it's planning to scale back a proposal to raise capital requirements for banks after politicians and the banking industry pushed back on the initial plan, warning it could restrict lending and hurt the economy.
The Fed scales back proposal for bank capital requirements
Sep 10, 2024, 10:23 AM
The Federal Reserve unveiled that it's planning to scale back a proposal to raise capital requirements for banks after politicians and the banking industry pushed back on the initial plan, warning it could restrict lending and hurt the economy.
After Fierce Lobbying, Regulators Soften Proposed Rules on Banks
Sep 10, 2024, 11:03 AM
A top Federal Reserve official said blowback to proposed rules on capital requirements had led him to “relearn the lesson of humility.”
Stock market today: Nasdaq edges higher, Dow falls as inflation report looms
Sep 10, 2024, 11:02 AM
Investors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
Federal Reserve unveils toned-down banking regulation in victory for Wall Street
Sep 10, 2024, 10:00 AM
Bank CEOs led by JPMorgan Chase CEO Jamie Dimon have lambasted the proposed Basel Endgame regulation since it was unveiled last year.
Stock market today: S&P 500, Nasdaq edge higher as inflation report looms
Sep 10, 2024, 9:35 AM
Investors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
Stock market today: S&P 500, Dow futures slip as inflation report looms
Sep 10, 2024, 7:03 AM
Investors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
Stock market today: S&P 500, Dow poised to lose hold of hefty gains as inflation report looms
Sep 10, 2024, 7:03 AM
Investors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
Stocks waver as CPI data, rate decisions loom
Sep 10, 2024, 3:23 AM
(Bloomberg) -- A rally in the world’s biggest technology companies lifted stocks, countering a slew of cautious comments from American bank executives that sent financial shares tumbling.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisChicago Halts Hiring as Deficit Tops $1 Billion Through 2025After a Record Hot Summer, Pressure Grows for A/C MandatesUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to the Trevi FountainTes
2024-08-30
We're heading for a $950 billion CD 'maturity tsunami'
Aug 30, 2024, 12:14 PM
Many 1-year CDs will come due right when interest rates are set to drop.
2024-08-26
Big banks take gloves off to confront their D.C. overseers
Aug 26, 2024, 5:04 AM
Big banks are getting more aggressive with their regulators in a highly charged election year — a sharp contrast to the harsh political scrutiny they received in the aftermath of the 2008 financial crisis.
UBS Wealth Management Senior Vice President Brenda O'Connor Juanas previews the Federal Reserve's rate decision on ‘Mornings with Maria.’