It's Election Day, and Jessica Inskip looks at names that could move pending the outcome at the ballot boxes. She explains why she's bullish on JPMorgan Chase (JPM) and Constellation Energy (CEG) and warns on navigating volatile tradability for Trump Media & Technology (DJT).
JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) will reportedly pay $151 million to settle five cases with the US Securities and Exchange Commission (SEC), addressing allegations of misleading brokerage disclosures. According to news sources in the US, the settlement includes $61 million in fines and $90 million in customer reimbursements.
The financial sector has remained resilient, with the Financial Select Sector SPDR Fund NYSE: XLF recently breaking out to new 52-week highs after consolidating for a month. Strong earnings at the start of the earnings season from major players such as JPMorgan Chase, Wells Fargo, and BlackRock initially fueled this rally, reinforcing bullish sentiment.
JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw funds before a check bounced. The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who drew down the highest amounts in the so-called infinite money glitch that went viral on TikTok.
"If you're in a knife fight you better damn well bring a knife," JPMorgan Chase Chair and CEO Jamie Dimon says while commenting on bank regulation at the American Bankers Association Annual Convention in New York.
JPMorgan Chase CEO Jamie Dimon blasted several major regulatory initiatives on capital rules, card payments and open banking at a conference on Monday.
JPMorgan Chase & Co. (JPM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
JPMorgan is ramping up its hiring of investment-banking analysts and associates, BI has learned. This comes after the bank set new limits on work hours for juniors and saw a 31% jump in deal fees.
JPM's Q3 performance marks the revival of IB business and growth in NII despite relatively high rates. Read on to find out if the stock is a good bet now.
The best traders play defense. They don't guess.
CNBC's Leslie Picker reports on news from JPMorgan.
JPMorgan Chase , the largest U.S. lender, plans to enter Kenya and Ivory Coast this year and grow its footprint in Africa, CEO Jamie Dimon told Reuters.