JPMorgan Financial News

06.05 / 18:39

FIVE JPMorgan security economy reports CPPIB, GIP to buy U.S. utility owner Allete for $3.9 billion

Global Infrastructure Partners and Canada Pension Plan Investment Board agreed to acquire Allete Inc., a Minnesota-based utility owner, for about US$3.9 billion.

06.05 / 18:23

UPS JPMorgan Pool Trade President reports A bank just paid zero bonuses and put this female MD at risk

As we reported earlier this week, there have been squeaks of lamentation from Instinet. The institutional agency broker which acts as Nomura's equities trading arm announced its bonuses this week, and they were not so good.

06.05 / 18:23

markets COST UPS JPMorgan Trade Cycling NOT Morning Coffee: Goldman Sachs' bonus cap plans are not so simple. UBS's latest cost-cutting intentions

Brexit is bearing fruit. Goldman Sachs is lifting the bonus cap for its circa 570 regulated London bankers and come the end of this year, bonuses this year might be 15 times salaries instead of two times salaries. Or not.

06.05 / 18:23

markets UPS JPMorgan wellness Trade show Goldman Sachs' traders made $100m+ on 37% of trading days in the first quarter

After announcing itsfirst quarter results last month, Goldman Sachs today released its Form 10-Q. It confirms some things that were known already, and adds several new ones.

06.05 / 04:09

Target JPMorgan Action Strategy show reports recommendations Kotak Mahindra Bank share price gains over 4% after Q4 results beat estimates. Should you buy, sell or hold the stock?

₹1,612.30 apiece on the BSE. Kotak Mahindra Bank reported a standalone profit for the quarter ended March 2024 at ₹4,133.30 crore, a growth of 18.22% year-on-year (YoY), while its net interest income (NII) increased 13% YoY to ₹6,909 crore. Its net interest margin (NIM) in Q4FY24 rose to 5.28% from 5.22% in Q3FY24.

04.05 / 17:53

markets JPMorgan security Experts Cycling inclusion FPIs invest ₹1,156 crore in Indian equities, remain net sellers in debt market; Here's what experts predict

₹1,156 crore worth of Indian equities and the total outflow stands at ₹771 crore as of May 3, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt outflows stand at ₹1,727 crore so far this month. MORE TO COME FPIs offloaded ₹8,671 crore in Indian equities last month and ₹10,949 crore in debt markets over high US bond yields.

03.05 / 19:53

markets Waves JPMorgan Strategy Software trends Trade JPMorgan taps ChatGPT for new thematic investment suite

A year after a wave of speculation broke out over its application to trademark the word “IndexGPT” in connection to an unspecified artificial intelligence-powered tool, JPMorgan Chase & Co. is finally unveiling the product that will bear the name.

03.05 / 13:25

markets CEO JPMorgan gatherings Magnificent Seven 'dominance' doubles inflows into US equity funds in Q1

The IA found UK investors returned to the fund markets in March adding £446m, the first inflows since April 2023. The change in sentiment followed heavy capital outflows recorded in January and February of £1.1bn and £2.7bn, respectively. JPMorgan CEO Jamie Dimon 'cautious' on US soft landing The best-selling IA sector in March was the Global sector, with inflows reaching £842m, while North America gathered £469m. The IA said due to the aforementioned supremacy of the Magnificent Seven stocks, advisers and wealth managers were opting for US companies if they re-allocate into equit...

03.05 / 06:51

markets JPMorgan wellness Trade Experts inclusion Equity vs debt: What's your pick?

As India’s benchmark equity indices flirt with record highs, investors are turning cautious about valuations becoming too lofty. They have a deluge of other reasons as well to be wary: the outcome of the ongoing general election, geopolitical tensions, soaring crude oil prices, mounting inflation, and delayed rate cuts in the US. Little wonder then that several investors are shifting their focus to the debt market.

01.05 / 23:13

markets BTC JPMorgan Coindesk Cycling Bitcoin 2020 Bitcoin halving may lead to price drop

The halving is intended the underscore the value of bitcoin by capping its supply and increasing its worth. It was a process developed by bitcoin creator Satoshi Nakamoto, who has since disappeared. The halving will take place after bitcoin’s all time high price of $73,803 in March this year, and subsequent drop in the last few weeks.

01.05 / 16:49

markets Target JPMorgan Sustainability Updates Rate Cut US Fed to unveil third policy decision for 2024 today: JPMorgan, Goldman Sachs expect first rate cut in July; here's why

Follow US Fed Meeting Outcome Live Updates: Powell-led FOMC to announce policy decision today, likely to hold key rates steady The US Federal Reserve will announce its third policy decision for 2024 later today. The US central bank has lifted its key lending rate to a 23-year high of between 5.25 and 5.50 per cent as part of a long-running battle to bring high inflation to its two per cent target.

01.05 / 15:05

markets Provident ETF JPMorgan Strategy Trade cover Bank of America sounds warning on options-ETF boom

Over the last two years, Wall Street has convinced cautious equity investors to send billions of dollars into exchange-traded funds that use options to goose yields.

01.05 / 11:45

UPS ETF JPMorgan reports Department International JPMorgan Asset Management’s $169B ETF business chief exits

Bryon Lake, JPMorgan Asset Management’s global head of ETF solutions, is departing the firm.

01.05 / 07:23

Manufacturing JPMorgan Racing Trade President country reports We are in a frantic race for post-industrial dominance

The scale of investment by the world’s two superpowers as they conduct a proxy war through aggressive industrial policies is epic. Given the opaque nature of China’s Communist Party government, the most cited estimate is that even five years ago, China was spending 1.7% of GDP on industrial-policy projects. That ratio has surely gone up since.

29.04 / 17:13

markets Citi JPMorgan Citigroup Boeing wellness Bill Boeing gets orders almost eight times its $10 billion bond sale

ALSO READ: Boeing plane makes emergency landing in New York after exit slide falls off The warm investor reception the deal is getting “may say more about strong demand for new issuance than the prospects for Boeing credit," said Bill Zox, a portfolio manager at Brandywine Global Investment Management. Moody’s also has the company’s outlook at negative, and all three of the graders now have Boeing at a step above high yield. Boeing Chief Financial Officer Brian West said last week during a conference call that he intends to protect the company’s investment-grade rating, and that the company still has access to $10 billion in untapped credit lines.

29.04 / 16:39

markets Waves Target JPMorgan Compilation Citigroup National Bank of Canada targets global borrowers with Paris hub

National Bank of Canada is opening an office in Paris to cater to supranational and government-backed issuers, a segment that’s selling euro-denominated bonds at a record pace this year.

28.04 / 12:42

UPS CEO JPMorgan economy wellness President reports JPMorgan's Dimon hopes for soft landing for US economy but says stagflation is a possible scenario

JPMorgan CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation

28.04 / 03:59

markets JPMorgan Compilation Strategy trends Trade track As Fed bets are repriced, global fund managers look at cheap China; haven plays in Korea, India & Japan

Chinese stocks and driving value investment strategies in Asia. Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near record-low valuations for Chinese stocks. Other haven plays are exporters and India’s domestic-driven equities.

28.04 / 01:27

markets JPMorgan Compilation Strategy trends Trade track US Fed bets reprice: China, Japan, South Korea and India look attractive as value investments in Asia rise

investment strategies in Asia. Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near-record-low valuations for Chinese stocks.

27.04 / 04:35

markets UPS Google JPMorgan Tesla wellness Meta Platforms reports Wall Street Week Ahead: Lofty US stocks leave investors punishing earnings disappointments

stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report. Strong reports from Microsoft and Google parent Alphabet on Thursday helped propel the S&P 500 to its biggest weekly gain since early November following its first 5% pullback of the year. The S&P 500 is up about 7% in 2024 and some 24% since late October.

26.04 / 04:27

Target Booking CEO JPMorgan Strategy reports rights Tech Mahindra shares zoom 10% as strong FY27 vision overshadows weak Q4 numbers

Tech Mahindra today hit the 10% upper circuit limit at Rs 1,242.4 on BSE despite reporting a 41% year-on-year (YoY) drop in its March quarter profit as investors appreciated new CEO Mohit Joshi's FY27 strategy to take the company ahead of peers' average growth and to a 15% EBIT margin. While the restructuring efforts are in the right direction and the FY27 strategy is in place, investors will await the results on account of these efforts before the stock gets rerated.

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