JPMorgan's Q1 results demonstrate robust profitability, with preferred dividends covered even under severe earnings stress, supporting the safety of preferred shares. I favor JPMorgan's preferred shares for their risk/reward profile, especially given their seniority over common equity and the bank's strong financials. While yields on JPMorgan preferreds aren't the highest, the bank's stability justifies a slightly lower return compared to peers like Wells Fargo.
Live Updates Live Coverage Updates appear automatically as they are published. UBS Touts Preferred Securities 11:22 am by Gerelyn Terzo UBS senior fixed income strategist Frank Sileo is bullish on preferred securities, which blend features of both stocks and bonds. Sileo wrote: “For long-term investors, preferreds can provide high-quality, diverse, and durable portfolio income.” According to S&P Global, the majority of preferred securities are issued by banks. The Nasdaq Composite is holding onto gains, up 0.46%. Bearish on Banks 10:07 am by Gerelyn Terzo Wall Street firm Baird is bearish on a couple of banks. The analyst firm warned that recent gains in financial stocks JPMorgan (NYSE: JPM) and Bank of America (NYSE: BAC) might soon be erased, owing to a questionable risk-reward future for both stocks. Baird handed both stocks downgrades, including JPM to an “underperform” and BAC to “neutral” with price targets of $235 and $52, respectively, attached. The Nasdaq Composite is now up 0.34%. This article will be updated throughout the day, so check back often for more daily updates. The broader markets have crossed over into record territory on Friday even in the face of economic uncertainty. The S&P 500 has pushed beyond the 6,147 level to 6,159 in early trading, a fresh all-time high. In fact, all three of the major stock market averages are advancing, including a 0.34% gain in the tech-heavy Nasdaq Composite and a fractional gain in the Dow Jones Industrial Average. Big Tech stocks are trading mixed, with notable gains in Apple (Nasdaq: AAPL) and Amazon (Nasdaq: AMZN) of 1% and 1.8%, respectively. President Trump has announced an agreement between the U.S. and China on trade. According to Treasury Secretary Scott Bessent, the U.S. tariffs on China are 30% compared with Beijing’s 10% on the U.S. On the economic data front, the May personal consumption expenditures price index rose by 0.1% last month, resulting in an annual inflation rate of 2.3%. Core inflation, which excludes food and energy costs, increased to 2.7%, higher than the Federal Reserve had anticipated. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 314.99 (+0.73%) Nasdaq Composite: Up 108.50 (+0.56%) S&P 500: Up 33.86 (+0.56%) Market Movers Nike (NYSE: NKE) is tacking on 15.4% today after its quarterly results beat estimates on both the top and bottom lines. Nike expects a tariff impact of a hefty $1 billion in the current fiscal year, but Wall Street is seeing the glass half full. MP Materials (NYSE: MP) is falling 6.3% today on profit taking after a recent rally. Meta Platforms (Nasdaq: META) is up 0.89% today despite some regulatory headwinds originating from the EU. Meta paid its latest quarterly dividend yesterday, bringing Mark Zuckerberg’s total META dividend tally to a reported $1 billion-plus. The post Live Nasdaq Composite: Markets Clinch Record Highs on China Tariff Closure appeared first on 24/7 Wall St..
Rate cut hopes push JPMorgan to a record high, but rising costs, credit risks and macro headwinds cloud near-term gains. Is the stock a buy?
Banks - Diversified Industry | Financial Services Sector | James Dimon CEO | XWBO Exchange | US46625H1005 ISIN |
US Country | 318,477 Employees | 3 Jul 2025 Last Dividend | 12 Jun 2000 Last Split | - IPO Date |
JPMorgan Chase & Co. is a global financial services powerhouse that has been serving clients with a wide array of financial products and services since its inception in 1799. Based in New York, New York, the company operates through four main segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). Providing a comprehensive suite of financial services to a diverse clientele, including consumers, small businesses, corporations, governments, and institutions, JPMorgan Chase & Co. continues to be a leader in the financial industry, leveraging its deep expertise and broad capabilities to meet the evolving needs of its clients.
JPMorgan Chase & Co. offers a wide range of financial products and services across its four operating segments:
This segment caters to consumers and small businesses with a variety of products including deposit accounts, investment products, and lending services. It encompasses mortgage origination and servicing, credit cards, auto loans, leases, and travel services. Additionally, it offers cash management and payment services, serving customers through bank branches, ATMs, and digital and telephone banking channels.
The CIB segment provides comprehensive investment banking, corporate strategy advisory services, and equity and debt financing solutions. It also offers loan origination, syndication, payments, cash and derivative instruments, and prime brokerage. Moreover, this segment caters to asset managers, insurance companies, and investment funds with securities services, including custody, fund accounting, and administration.
Targeting small and midsized companies, local governments, nonprofit clients, and large corporations, this segment delivers financial solutions such as lending, payments, investment banking, and asset management. It also serves investors, developers, and owners of diverse real estate properties, including multifamily, office, retail, and industrial spaces.
AWM provides multi-asset investment management solutions across equities, fixed income, alternatives, and money market funds for both institutional clients and retail investors. It also offers a range of retirement products and services, brokerage and custody services, estate planning, and lending, catering specifically to high-net-worth individuals with a comprehensive array of investment management products.