The bank reported a 12% jump in profit that beat expectations, reaping the benefits of a surge in trading and dealmaking.
Large-scale selling of leveraged exchange-traded funds contributed significantly to Friday's U.S. stock market rout, according to a report published late on Sunday by JPMorgan's Americas equities derivatives strategy team.
It's a 10-year long plan. Transcript: JP Morgan is betting big on America's future.
JPMorganChase has announced plans to pump $1.5 trillion dollars over ten years into industries seen as critical to U.S. national interests.
JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) shares climbed 3% on Monday after the bank unveiled plans to invest up to $10 billion in equity and venture capital stakes across sectors, including artificial intelligence, critical minerals, and defense. The initiative forms part of a broader $1.5 trillion “security and resiliency” strategy aimed at strengthening industries vital to U.S.
JPMorgan Chase wants to focus $1.5 trillion on “industries critical to national economic security.” To that end, the banking giant announced in a Monday (Oct. 13) press release the Security and Resiliency Initiative, a 10-year plan to “facilitate, finance and invest” in said industries.
JPMorgan is expecting a solid Q3 reporting season for semiconductor companies, driven by AI demand and ongoing cyclical recovery. The American investment bank, in a note, said it anticipates results to be in line or slightly ahead of expectations, with positive momentum likely to continue into year-end.
The head of America's largest bank said he was "far more worried" about a possible stock market downturn than some of his rivals; he predicted it would come within the next six months to two years.
In the latest trading session, JPMorgan Chase & Co. (JPM) closed at $304.03, marking a -1.19% move from the previous day.
JPMorgan Chase CEO Jamie Dimon declined to rule out the possibility of a recession in 2026, saying Tuesday (Oct. 7) that he will “hope for the best, plan for the worst.
“I want to make it really clear, OK? We're not going to buy back a lot of stock at these prices,” said billionaire JPMorgan Chase CEO Jamie Dimon during the bank's annual meeting in May of 2024.
When it comes to Wall Street heavyweights, few names wield more influence than JPMorgan JPM and Morgan Stanley MS. These financial powerhouses stand as cornerstones of global finance, boasting deep expertise in investment banking, from advising on multibillion-dollar mergers and underwriting marquee IPOs to steering clients through the intricacies of global capital markets.