JPMorgan topped Q2 earnings forecasts as strong trading, investment banking and loan growth boosted performance.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) reported better-than-expected financial results for the second quarter, driven by strong trading and investment banking performance. The bank reported earnings per share of $5.24, far ahead of the Wall Street consensus of $4.48 per share.
JPMorgan Chase & Co. (JPM) came out with quarterly earnings of $4.96 per share, beating the Zacks Consensus Estimate of $4.51 per share. This compares to earnings of $4.4 per share a year ago.
JPMorgan Chase CEO Jamie Dimon said on Tuesday the independence of the Federal Reserve is "absolutely critical".
JPMorgan surprised Wall Street with better-than-expected investment banking results. The bank said fees from dealmaking and capital raising were up 7%, in spite of market challenges.
JPMorgan CEO Jamie Dimon warned that President Trump's trade policies pose âsignificant risksâ to the US economy â even as the bank announced second quarter profits that were once again boosted by its trading desk.
CEO Jamie Dimon says the U.S. economy has remained resilient.
JPMorgan plans to charge fintechs for client data access, reshaping the economics of platforms like PayPal, Coinbase and Robinhood.
JPMorgan has reportedly told FinTechs it will begin charging for access to customer bank info. That's according to a report Friday (July 11) from Bloomberg News, which noted these fees from the largest American bank could amount to hundreds of millions of dollars, threatening the FinTech sector's business model.
Bank puts $50 billion toward lending to riskier companies to compete with nonbank giants dominating market; Walgreens deal the payoff.
The third quarter earnings season kicks off with an abundance of big reports across industries. Among the most notable names: JPMorgan Chase (JPM), United Airlines (UAL), and TSMC (TSM).