JPMorgan Chase only derived 55% of its Q3 2024 revenue from net interest income, making it less exposed to Fed rate cuts compared to smaller lenders. The bank's series MM preferred shares have lost ground since September 2024 as expectations for interest rates have moved higher. I expect potential tariffs by President Trump to only boost inflation in the short term, allowing the Fed to reach its neutral rate by the end of 2026.
JPMorgan Chase & Co. (JPM) closed at $250.29 in the latest trading session, marking a +0.7% move from the prior day.
Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Focus List, a top feature of the Zacks Premium portfolio service.
JPM stock's rally continues this year. Read on to know whether the momentum will stay alive into the next year and what you should do with the stock.
JPMorgan Chase Chief Data and Analytics Officer Teresa Heitsenrether says the firm has a healthy relationship with regulators looking at artificial intelligence. She speaks to Bloomberg's Caroline Hyde at the Evident AI Symposium in New York.
Recently, Zacks.com users have been paying close attention to JPMorgan Chase & Co. (JPM). This makes it worthwhile to examine what the stock has in store.
DARIEN, IL – Darien has one competitive City Council race in the April 1 election. In Ward 1, Ted Schauer, the longtime incumbent, is facing John Mayrens. The candidate filing period ended Monday. Schauer has served on the council since 2009. According to his LinkedIn page, Schauer works full time for JP Morgan Chase Bank as a private client banker. He has been unopposed for at least the last two elections. In an interview Tuesday evening, Mayrens, who lives on Hayenga Lane, said he was a blue-collar, union worker. "I roll up my sleeves every day, get dirty. I'm a no-nonsense kind of guy," he said. Three years ago, Mayrens said, he was speaking with neighbors who had an issue and took it to Schauer, but nothing got done. That experience, he said, inspired him to run for the council. "In the course of collecting signatures for my petition, I ran across only three people who knew the alderman or met the alderman. Some of those I spoke with were 25- to 30-year residents of Darien," said Mayrens, who has lived in Ward 1 since 2016. He said becoming a candidate was not an easy process for political newcomers. "I had to go through a lot of hoops, make a ton of phone calls and consult with attorneys. I can see why more people don't run," Mayrens said. Ward 1 includes Q Bar, Cass Junior High School and Concord Elementary School. Ward 3's Joe Kenny, Ward 5's Mary Sullivan and Ward 7's Thomas Belczak are all running unopposed. The mayor's office isn't up this cycle. Neither are the council seats held by Ward 2's Ralph Stompanato, Ward 4's Gerry Leganski and Ward 6's Eric Gustafson. In 2023, all three incumbents up for election faced opposition. Two were ousted – Lester Vaughan by Stompanato and Tom Chlystek by Leganski. Other towns rarely see contests. Western Springs saw its last competitive race a couple of decades ago. In La Grange, the last competitive election for village president was in 2005.
In the latest trading session, JPMorgan Chase & Co. (JPM) closed at $245.03, marking a -0.11% move from the previous day.
S&P Global upgrades JPMorgan's ratings citing diversified revenues, a stable balance sheet, strong asset quality and deposit base, and robust risk management practices.
JPMorgan Chase CEO Jamie Dimon will not be invited to be a part of the administration of Donald Trump, the U.S. president-elect said on social media on Thursday.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Focus List.
JPMorgan Chase & Co. (NYSE:JPM ) BancAnalysts Association of Boston Conference Call November 7, 2024 9:40 AM ET Company Participants Al Moffitt - Global Treasurer Conference Call Participants Dick Manuel - Columbia Threadneedle Ryan Kenny - Morgan Stanley Dick Manuel My name is Dick Manuel. I'm an equity research analyst at Columbia Threadneedle.