Factbox-Key executives at JPMorgan taking on new roles
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase shuffled executives on Thursday to give them more experience running different businesses as Wall Street focuses on succession plans for…
Trend hedge funds start holiday season by buying stocks, JPMorgan says
By Nell Mackenzie LONDON (Reuters) – Trend-following hedge funds began December in bullish mood, buying U.S., European and Japan stocks, a prime brokerage note from JPMorgan said. The S&P 500 and Japan’s…
JPMorgan buys a 10.6% stake in Spanish defence company Indra
(Reuters) – JPMorgan bought a 10.6% stake in Spanish defence systems maker Indra, the stock market regulator said on Thursday. Following the transaction, JPMorgan has become the second-largest shareholder after Spanish state…
JPMorgan strategists see ‘challenging’ backdrop for US stocks in 2024
By Lewis Krauskopf NEW YORK (Reuters) – J.P. Morgan equity strategists on Wednesday issued a dour outlook for U.S. stocks for the year ahead, pointing to weak expected earnings growth, expensive valuations…
JPMorgan says its UK bank Chase may break even around 2025
By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase President and Chief Operating Officer Daniel Pinto said he expects its Chase UK consumer bank to break even in the next 12 to…
US minority-owned businesses have $1.3 trillion growth potential, JPMorgan says
By Nupur Anand NEW YORK (Reuters) – Mid-sized U.S. businesses owned by minorities have untapped revenue potential worth $1.3 trillion annually, JPMorgan Chase found in a study on a segment where major…
JPMorgan ratchets up Israel’s 2024 budget deficit forecast
By Marc Jones LONDON (Reuters) -Israel’s war with Hamas in Gaza will lead to a larger-than- expected budget deficit next year, investment bank JPMorgan said on Wednesday, adding that the cost of…
JPMorgan strategists advise opening a short in European banks, upgrade healthcare
LONDON (Reuters) – Strategists at JPMorgan have advised opening a ‘short’ position in European banks, and moved the sector from ‘neutral’ to ‘underweight’, they said in a note published on Monday. “If…
JPMorgan settlement with Epstein accusers draws objection from US states
By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase’s $290 million class-action settlement with Jeffrey Epstein’s accusers has drawn an objection from many U.S. states, which say the accord could limit their…
JPMorgan chief Dimon warns of ‘ripple effects’ from Middle East violence
(Reuters) – The conflict in the Middle East will have “ripple effects that extend far beyond the region”, JPMorgan Chase’s CEO Jamie Dimon warned in an internal memo to employees seen by…
Chile’s Codelco to meet obligations as financials deteriorate -JPMorgan
SANTIAGO (Reuters) – Chile’s Codelco, the world’s largest copper producer, will meet its financial obligations despite headwinds from a series of operational problems and from high levels of debt and investments, JPMorgan…
JPMorgan index inclusion shows confidence in Indian economy -India econ affairs secy
MUMBAI (Reuters) – India’s inclusion in the JPMorgan emerging market debt index shows their confidence in the Indian economy, the country’s economic affairs secretary Ajay Seth told reporters on Friday. India’s local…
JPMorgan strategists say US stock valuations at risk from high interest rates
NEW YORK (Reuters) – After big gains for the U.S. stock market this year, equity valuations could come under pressure from high interest rates, based on historical relationships, JPMorgan strategists said on…
JPMorgan doubles Turkish rate hike forecasts for coming months
LONDON (Reuters) – JPMorgan doubled its Turkish rate-hike forecasts for the coming months on Thursday, predicting that fiscal spending plans and higher inflation would see them go up by another 10 percentage…
JPMorgan ups Turkey inflation, interest rate forecasts
LONDON (Reuters) – Higher-than-expected inflation data for August published on Monday prompted JPMorgan to revise its year-end inflation forecast to 65% from 62% with the annual rate now expected to peak at…
JPMorgan increases stake in Brazilian digital bank C6 to 46%
By Tatiana Bautzer NEW YORK (Reuters) – JPMorgan Chase & Co has increased its stake in Brazilian digital bank C6 to 46% from 40%, the banks said in a statement on Tuesday,…
JPMorgan sees Japan’s threshold for yen intervention at around 150 yen per dollar
LONDON (Reuters) – Japan’s threshold for currency market intervention on the yen is likely to be around 150 per dollar, investment bank JPMorgan’s analysts said on Monday. “We think that the MoF…
JPMorgan, US Virgin Islands trade accusations over Epstein
NEW YORK (Reuters) – JPMorgan Chase and the U.S. Virgin Islands traded new accusations this week in legal filings over their relationships with the late disgraced financier Jeffrey Epstein. The largest U.S.…
JPMorgan ramps up EM default rate forecast amid China property woes
By Marc Jones LONDON (Reuters) -JPMorgan ramped up its 2023 global emerging market corporate high yield (HY) default rate forecast to 9.7% from 6% on Tuesday following the latest wave of problems…
Fitch warns it may be forced to downgrade multiple banks, including JPMorgan – CNBC
(Reuters) – An analyst at Fitch Ratings warned that U.S. banks, including JPMorgan Chase, could be downgraded if the agency further cuts its assessment of the operating environment for the industry, according…
JPMorgan raises US economic growth estimate, no longer expects 2023 recession
(Reuters) – JPMorgan’s chief economist said on Friday the bank is no longer forecasting a U.S. recession this year and has raised its economic growth estimate as the economy expands at a…
JPMorgan ups Turkey inflation, growth forecasts after rates decision
LONDON (Reuters) – Wall Street bank JPMorgan revised both its growth and inflation outlooks for Turkey upwards after the central bank delivered a smaller-than-expected interest rate hike on Thursday. JPMorgan forecast that…
Tesla to hand over Musk’s emails to JPMorgan in lawsuit over 2018 tweet
By Luc Cohen NEW YORK (Reuters) – JPMorgan Chase will get to review some of Elon Musk’s emails as it pursues a lawsuit against Tesla over a bond contract dispute that arose…
JPMorgan, Wells Fargo expect deposits to extend Q2 declines
By Saeed Azhar and Nupur Anand NEW YORK (Reuters) – Deposits at U.S. banking giants including JPMorgan and Wells Fargo are expected to extend their second-quarter decline as consumers keep spending and…
Bank of America to expand in four US states, closing gap with JPMorgan
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -Bank of America Corp is adding consumer branches in four new U.S. states, it said on Tuesday, bringing its national footprint closer to…
JPMorgan sees yuan weakness continuing, possibility of “circuit breaker”
LONDON (Reuters) – Wall Street bank JPMorgan said on Tuesday it was staying “bearish” on China’s yuan despite its recent slide and that the country’s central bank could look to step in…
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