JPMorgan Financial News

14.09 / 00:22

markets CEO JPMorgan wellness reports CEO of JPMorgan warns US of economic fate worse than recession: 'The worst outcome'

The possibility of stagflation, or stagnation and inflation, is not off the table after August's inflation numbers were lower than projected.

11.09 / 23:52

UPS Landmark JPMorgan Universities show shock How Wall Street won 'capitulation' from the U.S. Federal Reserve on new bank rules

Just months after the shocking unravelling of Silicon Valley Bank and First Republic Bank last year, Michael Barr unveiled a new set of guardrails for the U.S.’s biggest lenders and an uncompromising defence of why they were needed.

11.09 / 13:41

markets UPS DOW JPMorgan How major US stock indexes fared Tuesday, 9/10/2024

U.S. stocks drifted to a mixed close following several weeks of sharp swings

09.09 / 03:14

markets Target JPMorgan economy Election country China bulls getting tired of waiting, stock recovery remains elusive

Wall Street's staunchest supporters, with hopes for a turnaround fading in the world's No. 2 economy. Over the past two weeks, long-standing China bulls UBS Global Wealth Management, Nomura Holdings Inc., and JPMorgan Chase & Co. have all downgraded the country's equities, citing concerns ranging from the property-led demand slump to piecemeal stimulus measures and geopolitical tensions ahead of the US elections.

07.09 / 04:34

markets JPMorgan economy Election MSCI Trade China bulls getting tired of waiting for elusive stock recovery

Over the past two weeks, long-standing China bulls UBS Global Wealth Management, Nomura Holdings Inc., and JPMorgan Chase & Co. have all downgraded the country’s equities, citing concerns ranging from the property-led demand slump to piecemeal stimulus measures and geopolitical tensions ahead of the US elections.

06.09 / 02:54

markets IPO Target FIVE JPMorgan Mobile track Ather Energy plans to file for Rs 4,000-crore IPO at $2 bn valuation

Ather Energy has set an ambitious valuation target of $2-2.25 billion (about ₹16,800-19,000 crore), as the electric scooter maker prepares to file its draft prospectus next week for an initial public offering (IPO), said people familiar with the matter. The Bengaluru-headquartered startup is looking to raise ₹3,500-4,000 crore through the IPO which will comprise a fresh issue and an offer for sale by existing shareholders. Funds raised through the fresh issue would be used partly for capacity expansion, the people said.

05.09 / 19:21

UPS Target JPMorgan economy CME JPMorgan top economist says the Fed should cut rates by a half point this month

The Federal Reserve should cut interest rates by 50 basis points at its September meeting, according to JPMorgan's Michael Feroli.

05.09 / 11:07

markets CEO JPMorgan wellness reports International The US dollar's demise has been exaggerated, report finds

Hilltower Resource Advisors CEO and chief market strategist Tracy Shuchart discusses whether gold or crypto could replace the U.S. dollar as the global reserve currency on Making Money.

05.09 / 08:30

markets Provident Target Booking JPMorgan security Profiles Cholamandalam Investment shares surge over 4% as Goldman Sachs sees 20% upside potential

Shares of Cholamandalam Investment and Finance Company on Thursday surged 4.3% to their new all-time high of Rs 1,549 after the global brokerage firm Goldman Sachs initiated coverage on the stock with a target price of Rs 1,786. The target price signals an upside potential of 20% from Wednesday’s closing price of Rs 1,485.55.

05.09 / 08:26

COST Target JPMorgan reports recommendations Profiles Vedanta shares gain 2% after long-term ratings upgrade from ICRA

Vedanta on Thursday rose 2% on the BSE, reaching an intraday high of Rs 469.40, following an announcement that the company received a long-term rating upgrade from ICRA on the expectation of improvement in the company's credit metrics. The rating for its 'Longterm/S term –Unallocated limits' instrument was upgraded to [ICRA]AA from [ICRA]AA-/[ICRA]A1+ rating watch with developing implications. The Longterm–Fund based –Term loan instrument was upgraded to [ICRA]AA from [ICRA]AA- and continues on rating watch with developing implications. As for Commercial Paper the rating was upgraded to ICRA]A1+ rating watch with developing implications.

05.09 / 05:45

Target JPMorgan Entertainment Metro Food Trade reports Zomato shares rally 8% as JPMorgan hikes target price to Rs 340

Zomato rallied 7.6% on the BSE today, reaching an intraday high of Rs 261.50, after JPMorgan raised the stock’s target price to Rs 340 from Rs 208, while maintaining an overweight rating. JPMorgan stated that Zomato is leading rapid retail consumer transformation through convenience-focused Quick Commerce. The company is expanding its presence across all metros after successfully proving the model in NCR.

04.09 / 11:52

JPMorgan JPM recommendations JPMorgan Global Core Real Assets fails to survive continuation vote

In a stock exchange notice, the board said it would consult with shareholders and put forward proposals for the reconstruction, reorganisation or wind-up of the trust within the next six months. Other resolutions, which included a change to the investment policy and a change to the frequency of future continuation resolutions to every three years, were passed. The board had unanimously recommended that shareholders vote in favour of continuation, which required a simple majority of votes to pass. The trust has yet to publish the poll results and turnout figures. JPM Global Core R...

03.09 / 04:07

UPS Provident JPMorgan Citigroup Trade Profiles Vedanta Holdco plans $1.5-billion notes issuance

Vedanta Resources plans to raise up to $1.5 billion in a five-year dollar denominated bond sale, marking the first such refinancing-focused global issuance since a January restructuring at the UK holding company of Vedanta Ltd. Proceeds from the latest issue will be used to refinance $470 million in bonds that are due in 2027 and $1 billion due 2028. Both sets of bonds — carrying 13.87% interest rates — will now be redeemed on October 2 this year. “Vedanta Resources’ objective is to redeem the two bonds, which are trading on a par, with the new ones, which will be issued at 9.5-10.5%, bringing down the borrowing cost,” said a banker.

31.08 / 00:03

markets COST UPS JPMorgan Opinion U.S to slide into recession? JPMorgan says Fed will cut rates steeply

JP Morgan has said that the US Federal Reserve is being forced to shift from their traditional decision around rate cuts, due to the improbable labor market in the US currently. It somehow appears that the Fed has a weak resolve around a lot many things, with the rate cuts being one of them. However, JP Morgan is of the opinion that the Fed can cut rates quite steeply in the coming times.

30.08 / 12:19

markets Digital ETF JPMorgan Research Trade Bitcoin Are governments about to dump crypto holdings?

Bitcoin trails traditional assets in August as the month draws to a close, hampered by ebbing liquidity and lingering worries that governments may sell from their stockpiles of the cryptocurrency.

30.08 / 07:03

UPS Target JPMorgan security Election recommendations Commentary ITC, HUL and Dabur among 11 stocks with buy view from brokerages post Q1 earnings

FMCG sector posted top-line growth, driven by a summer spike, although the general elections negatively impacted the sector. The outlook for H2 remains positive, as indicated by company commentaries. Revenue is expected to grow, supported by rural recoveries, according to multiple brokerages. With sector rotations underway and defensives like FMCG gaining investor interest, stocks in this sector are expected to be in focus.

27.08 / 18:44

JPMorgan Trade reports BNY takes $5M hit over swaps reporting shortfalls

Bank of New York Mellon Corp. will pay a $5 million penalty after a US regulator said that it failed to properly report millions of swaps transactions and supervise a unit that deals the derivatives.

23.08 / 20:29

markets Blockchain Provident Target JPMorgan Bitcoin Updates JPMorgan Lowers Price Targets on Bitcoin Miners, Sees Buying Opportunity

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

23.08 / 03:47

markets Waters JPMorgan Compilation security economy inclusion India’s ‘sweet spot’ lures bond funds amid global market turmoil

debt market for 14 weeks in a second streak of buying this year, evidence of the country’s appeal amid the ructions of worldwide financial markets. With the prospect of interest rate cuts on the horizon and the rupee treading water near historic lows, offshore investors have bought roughly $7 billion net of the South Asian country’s bonds since May. That’s more than twice the sum of net purchases for Indonesia, to which it is often compared, according to data compiled by Bloomberg.

23.08 / 02:35

JPMorgan security President War Golf Justice Courts Family of West Virginia governor, running for Senate, has deal to avoid Greenbrier hotel foreclosure

The family of West Virginia Gov. Jim Justice says it has reached an agreement with a credit collection company to avert the foreclosure of their historic hotel as he runs for U.S. Senate

23.08 / 01:50

JPMorgan Action security reports guidelines Barclays hammered with $1.25M fine over fingerprinting lapses

Finra has censured and fined Barclays Capital more than a million dollars for reported longstanding lapses in fingerprinting and background screening procedures for non-registered employees.

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