JPMorgan Financial News

19.07 / 02:35
Reuters CEO JPMorgan Strategy Chase Solomonic Support Goldman Sachs CEO David Solomon's growth strategy gains board's support: Report
Goldman Sachs CEO David Solomon has revealed that the company's board of directors is in favour of Solomon's emphasis on the bank's core Wall Street operations and asset management. As reported by Reuters citing sources, Solomon has been entrusted with the responsibility of revitalizing the bank's stock value, despite facing doubts from certain investors and employees. According to one of the sources, the 12-member board is closely engaged with Solomon's revamped strategy, particularly because Goldman Sachs incurred losses and fell behind its competitor, Morgan Stanley, due to its venture into consumer banking.
18.07 / 21:07
COST UPS Target CEO JPMorgan Bank of America 2Q net income jumps 19%, extending the rally for big banks
Bank of America said its profits grew 19% last quarter, the latest of the big banks to see its bottom line boosted by higher interest rates
18.07 / 19:01
Target Microsoft JPMorgan UBS Celanese Shopify Activision analyst 4 big analyst cuts: Shopify now 'less compelling'; Activision gets 3 downgrades
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: Downgrades at Shopify, Activision Blizzard, State Street, and Celanese.
18.07 / 19:01
COST UPS JPMorgan BNI US bank shares jump on interest income and deals optimism, but outlook mixed
WASHINGTON (Reuters) -Big U.S. banks on Tuesday said higher interest rates had helped boost profits in the second quarter, causing shares to spike, but a pullback in consumer spending, slower loan growth and increased deposit costs may cloud the outlook for the sector.
18.07 / 18:03
UPS CEO JPMorgan Citigroup Chase Wall Street Can’t Shake Off Investment-Banking Slump
Morgan Stanley said Wall Street is having a tough time emerging from the doldrums. Morgan Stanley said Tuesday that second-quarter profit fell 13% from a year ago, driven by a 22% decline in trading revenue. Investment-banking fees were about flat after falling sharply in recent quarters.
18.07 / 18:01
COST UPS JPMorgan Citigroup Chase Earnings wrap: BoA earnings exceed expectations
Bank of America Corp.’s second-quarter profit soared after its core Wall Street businesses exceeded analysts’ expectations. 
18.07 / 17:11
COST CEO JPMorgan Citigroup surges Bank of America Q2 net income surges 19%
bank failures.  The Federal Reserve has raised its benchmark interest rate to a range of 5% to 5.25% from near zero starting in March 2022. Those higher interest rates have allowed banks to charge more for customers to borrow.  BofA’s net interest income grew 14% to $14.2 billion in the second quarter.
18.07 / 11:59
UPS Twitter Manufacturing JPMorgan Citigroup guidance stake Earnings wave, Novartis guidance, ARK's Twitter stake - what's moving markets
Investing.com — Investors look ahead to a busy week of earnings, including quarterly results from some of the largest U.S. banks. Meanwhile, drug-making giant Novartis improves its guidance as it eyes a spin-off of its Sandoz generics division later this year, and Cathie Wood says her ARK investment management firm has written down its stake in Twitter.
18.07 / 11:09
COST UPS Citi Telegram JPMorgan Citi layoffs yet to correct dismal US banking performance
Second quarter results weren't great for JPMorgan investment bankers today, but did Citi's Institutional Clients Group (ICG) fare any better?
18.07 / 11:09
UPS Telegram JPMorgan JPMorgan’s bankers are on track for a pretty brutal pay cut
JPMorgan might have done pretty well across the board for Q2, but  no one seems to have told the Corporate & Investment Bank (CIB).
18.07 / 11:09
UPS FIVE Man Career JPMorgan Discover Morning Coffee: 38-year-old M&A banker told he has a biological age of 45. The highest paid mathematicians in finance
Investment banking ages you. As former Goldman Sachs associate turned academic Alexandra Michel famously discovered in a study over a decade ago, the average banking career only lasts seven years but during that time participants go through a brutal initiation of overwork leading to alopecia, weight gain and physical and mental deterioration. Those who persist learn to pace themselves the hard way.
18.07 / 11:09
BLOCK Career JPMorgan Strategy UBS CBOE VIX Credit Suisse trader who left in March only just joined JPMorgan
Credit Suisse people have been leaving the bank for a long time. But that doesn’t mean they’re itching to jump onto the next stages of their careers.
18.07 / 11:09
UPS Citi Microsoft JPMorgan Action Morning Coffee: Bank that closed business wants to do it again, more cheaply. No one works at 4pm now
Nomura has a reputation. The bank is forever trying to refute this, but sometimes actions speak larger than words and Nomura's actions tend to have a reinforcing effect. The Japanese bank is known for getting in and out of businesses. Every bank does it, but Nomura possibly more than most, and now it's doing it again.
18.07 / 11:09
UPS Career Telegram JPMorgan Strategy Parke JPMorgan banker made MD, quit soon afterwards
For some people, being made a managing director (MD) is the peak of their career. For others, it’s something that happens to take place the same year they leave for the buy-side.

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