JPMorgan Financial News

Federal Reserve easing cycle based on the latest evidence that the labour market is cooling. Economists at Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase revamped their forecasts for US monetary policy Friday after data showed the US unemployment rate rose again in July, calling for earlier, bigger or more interest-rate cuts. Economists at Citigroup — already among the most aggressive in calling for the Fed to cut interest rates this year — said they expect half-point rate cuts in September and November and a quarter-point cut in December, having previously predicted quarter-point cuts at all three meetings. The Fed will then reduce rates by a quarter point at each meeting until mid-2025, bringing the policy band to 3%-3.25%, Veronica Clark and Andrew Hollenhorst predicted.

Morgan Stanley will allow its financial advisors to offer spot Bitcoin exchange-traded funds (ETFs) to eligible clients, marking a first for major Wall Street banks.

Morgan Stanley appears poised to become the first major Wall Street bank to allow its financial advisors to offer bitcoin ETFs to clients, marking a significant step in mainstream finance’s adoption of cryptocurrency.

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Merrill Lynch strengthened its presence in key wealth markets this week as it recruits a triplet of accomplished advisors from Morgan Stanley.

JPMorgan Private Bank is making moves in Tennessee as it names a new leader for its private banking division in the state.

Shares of Ford Motor Co. are tumbling Thursday after the automaker’s second-quarter adjusted profit badly missed Wall Street’s expectations as it spent more money fixing customers’ cars and trucks

Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett's conglomerate has reduced its stake in the bank.

Prior to the annual general meeting last month (20 June) the board unveiled plans for two tender offers, one of was performance-related. Both measures were for up to 15% of the issued share capital and the primary offer will run on a tender price equal to a 2% discount to the prevailing net asset value per share as at the calculation date, excluding the costs of implementing the tender offer. JPMorgan European Discovery unveils two tender offers This offer will be managed Cavendish Capital Markets Limited. The performance-based offer will only kick in if the company's net asset ...

The Federal Trade Commission has ordered information from eight companies that the agency says offer products and services that use personal data to set prices based on a shopper’s individual characteristics

After a yearlong search, Rana Robillard was elated to learn she'd beaten three other bidders for a house in the leafy California suburb of Orinda, just outside of San Francisco.

Goldman Sachs Asset Management wants its star hire from rival JPMorgan Asset Management to provide a shot-in-the-arm to the firm’s public-market franchise.

budget should arm the central bank with a time-tested tool to deal with a potential surge in bond flows on the nation’s entry into a key global index, according to the nation’s largest asset manager. “Rather than selling long bonds from their book and distorting the market, you can issue short-term government securities,” Rajeev Radhakrishnan, chief investment officer for fixed income at SBI Funds Management Ltd., said in an interview. “The market stabilization scheme is the right tool to have and at some point, at least in this budget, they should have that.”

According to JPMorgan analysts, any recent rebound in cryptocurrency prices should be viewed as tactical rather than the start of a lasting upward trend.

loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their investment banking units. Citizens Financial, US Bancorp, First Horizon and Synchrony Financial all paid higher rates compared with a year earlier on their customers' deposits, they said on Wednesday.

JPMorgan Asset Management Chief Market Strategist Gabriela Santos analyzes the Federal Reserve's decision making on 'The Claman Countdown.'

Goldman Sachs Group Inc.’s trading unit powered a surge in earnings in the second quarter.

The leaders of Wall Street's most powerful firms are speaking out to condemn the attempted assassination of former President Donald Trump at a Pennsylvania rally over the weekend.

debt underwriting and a strong performance in its fixed-income trading business. Earnings were $3.04 billion, or $8.62 per share, for the three months ended June 30, compared with $1.22 billion, or $3.08 per share, a year earlier, the bank said on Monday.

Against a backdrop of intensifying climate protests targeting Wall Street, the heavyweights of US finance are pushing back against what they characterize as a fundamentally flawed debate.

Mid cap funds gave maximum returns over an investment horizon of 3-month, 6-months and 1-year period. Large cap funds gave minimum returns over an investment horizon of 1 month, 3 months, 6 months, 1 year, 3 years, 5 years and 10 years, according to ICRA Analytics. In the debt mutual fund category, long-duration funds gave maximum returns over an investment horizon of 1 month, 3 months, 6 months and 1 year. Credit risk funds gave maximum returns over an investment horizon of 3 years. Corporate Bond Fund and Gilt Fund with 10-year Constant Duration gave maximum returns over an investment horizon of 5-years and 10-years respectively