JPMorgan Financial News

The first tender offer will be for up to 15% of the issued share capital of the company, excluding shares held in Treasury. It will run on a tender price equal to a 2% discount to the prevailing net asset value per share as at the calculation date, and will exclude the costs of implementing the tender offer. NextEnergy Solar fund NAV drops 8.4% amid reduction in power price forecasts The trust currently holds £863.3m in total assets with a market cap of £656.3m, according to data from the Association of Investment Companies. The second proposal is for a performance-related tende...

Regional banks around the U.S. are striking complex and costly bargains with hedge funds, hoping to insulate themselves from a replay of the turmoil that followed Silicon Valley Bank’s failure last year. Wall Street smells a payday.

RBC Wealth Management has added nearly a billion dollars to its advisory network in Virginia by welcoming a multigenerational trio from Truist into its network.

bond traders have suffered spent nights over the past year amid wild swings in US rate expectations, but India's sovereign debt players have bonded with bonds on fears of missing out after Mint Road sought to decelerate the rate-increase drive, while JPMorgan gave local debt the recognition it deserves through its inclusion on a globally tracked gauge. In 2023, the value of total monthly trades in Indian government securities averaged ₹8.6 lakh crore, 40% higher than ₹ 6.2 lakh crore in the previous month, Clearing Corporation of India (CCIL) data showed. The uptick has continued in the current year, with the value of monthly trades from January to April at ₹8.7 lakh crore, the data — which counts April as the latest month — showed.

The total market capitalization of the 14 U.S.-listed Bitcoin miners reached an all-time high of $22.8 billion on June 15.

America’s biggest bank has a thing for midsize companies. Known for financing and advising megamergers, JPMorgan Chase is spending more of its resources on doing deals for companies valued at $2 billion or less. The goal is to leverage the relationships it has with the roughly 30,000 U.S.

JPMorgan Asset Management chief market strategist Gabriela Santos analyzes the Federal Reserve's interest-rate decision making on 'The Claman Countdown.'

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

Companies that use artificial intelligence to transform their business could be the next crop of firms to benefit from investors’ enthusiasm for the technology, according to a top JPMorgan Chase & Co. executive. 

The dollar is rising toward a new high for the year on speculation that Wednesday’s US inflation reading and Federal Reserve policy decision will increase demand.

After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel a...

After more than three decades on Wall Street — first at Goldman Sachs Group Inc. and then at Bank of America Corp. — Tom Montag thought he’d seen most forms of financial wizardry. Then Hank Paulson asked him to tackle carbon offsets.

₹14,794 crore worth of Indian equities and the total outflow stands at ₹10,355 crore as of June 7, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt inflows stand at ₹4,008 crore in the first week of June.

RBI) will continue to adopt a flexible approach in managing liquidity to maintain an orderly evolution of money market rates that affect cost of borrowing across the economy, governor Shaktikanta Das said on Friday.

Vestwell is solidifying its leadership in the 401(k) space through a new collaboration with JPMorgan.

ICICI Securities has upgraded hospitality company Indian Hotels from ‘hold’ to ‘buy’. The firm sees an upside potential of 21%, setting the target price at ₹640 per share.“With the stock price correcting ~10% in the last three months, we upgrade IHCL to BUY, from Hold, with a revised TP of INR 640 (earlier INR617), rolling forward to 26x Jun’26E EV/EBITDA," the firm said in a note.Indian Hotels stock rose as much as 7.49 per cent on Wednesday's trading session.

Viswas Raghavan joined Citigroup as its new head of banking this week in New York, the lender said on Tuesday, after it hired the former head of investment banking from JPMorgan earlier this year.

Indo-Pacific Economic Framework is holding a ministerial meeting this week in Singapore, including major firms joining a «Clean Economy» investor forum to boost infrastructure and climate investments across the region.

Continuum Green Energy, a renewable energy generator, is seeking to raise about $650 million in bonds for seven years to refinance its existing debt, said people with knowledge of the matter. The company is likely to appoint Deutsche Bank, HSBC, JPMorgan, and Standard Chartered Bank as arrangers. The fundraise is likely to refinance $561 million in bonds raised by its subsidiary, Continuum Energy Levanter Pte Ltd, which were raised at 4.5% and due in February 2027. However, the all-in cost of the bond is almost double the 4.5%,prompting the company to refinance the earlier tranche, a person cited above said.

Reserve Bank of India's (RBI) challenge for the rest of the year may not be inflation but liquidity. The resumption in government spending likely trimmed borrowing, and a surge in overseas fund flows could complicate the RBI's task of keeping its monetary policies effective. Liquidity — a tool more effective than policy rates — is likely to surge in the next few months after remaining tight for the past few quarters as the central bank focused on a steady withdrawal, spawning a deficit.

JPMorgan CEO Jamie Dimon was responding to a question posed at the Economic Club of New York in late April on the resilience of the US economy. But he could as well have been talking of India. National Statistics Office (NSO) data released last Friday show the Indian economy is, well, booming. At 8.2%, GDP growth for 2023-24 is streets ahead of the most optimistic estimates, and far, far ahead of RBI's estimate of 7% till as late as December 2023. Sure, there could be distortions due to the way the GDP deflator is computed, as this is then used to arrive at the real (from nominal) GDP numbers, and also because of changes in the 'net taxes' figure — GDP is GVA (gross value added) plus taxes less subsidies. But whichever way you dice the numbers — nominal or real GDP growth, GDP or GVA — there's no getting away from the fact that the Indian economy is shining. The news has, of course, been greeted with 'ra-ras' from the ruling BJP and nitpicking by the Opposition, even as it has left the aam janta cold. This is for two reasons.