Elon Musk says JPMorgan 'hates Tesla and me'
By Sam Boughedda Tesla (NASDAQ:TSLA) Chief Executive Elon Musk revealed on Tuesday in a federal trial over his "funding secured" tweets that the relationship between Tesla and JPMorgan...
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JPMorgan expects smaller contraction in UK economy in 2023
(Reuters) - J.P.Morgan said the UK economy was expected to contract by 0.1% this year, revising it from the previously forecast 0.3% decline in the gross domestic product (GDP), buoyed by a...
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Analysis-Bond traders get their swagger back in rate-obsessed markets
By Lananh Nguyen NEW YORK (Reuters) -Bond traders are stars again on Wall Street. Fixed income, currencies and commodities (FICC) traders bolstered bank profits last year despite dreary...
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5 big earnings reports: Bed Bath & Beyond misses, but soars on 'meme stock' trade
By Davit Kirakosyan Investing.com -- As we enter the new trading week, here are 5 of the biggest earnings stories in the past few sessions, including |Bed Bath & Beyond's "meme stock"...
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BofA Sees Economic Slowdown Hurting Lending Income
(Bloomberg) -- Bank of America Corp (NYSE:BAC). said net interest income will be lower than analysts had expected this year as demand for loans starts to slow.The second-largest US bank...
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U.S. stocks fall as big banks kick off earnings season
By Liz Moyer Investing.com -- U.S. stocks were lower after bank executives talked about a slowing economy. At 10:21 ET (15.21 GMT), the Dow Jones Industrial Average was down 21 points or...
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Bank stocks slip as investment banking revenues decline; JPM's Dimon warns of headwinds
By Senad Karaahmetovic The Q4 earnings season has officially kicked off today with the Big Four banks reporting on their performance in the last quarter of 2022. JPMorgan (NYSE:JPM)...
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JPMorgan Tops Q4 EPS by 46c
JPMorgan (JPM) reported Q4 EPS of $3.57, $0.46 better than the analyst estimate of $3.11. Revenue for the quarter came in at $34.5 billion versus the consensus estimate of $34.17...
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JPMorgan earnings beat by $0.46, revenue topped estimates
Investing.com - JPMorgan (NYSE:JPM) (NYSE: JPM) reported fourth quarter EPS of $3.57, $0.46 better than the analyst estimate of $3.11. Revenue for the quarter came in at $34.5B versus the...
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JPMorgan suing leaders of financial aid business Frank
By Sam Boughedda JPMorgan (NYSE:JPM) is said to be suing the leaders of the financial-aid business Frank, a company it acquired for $175 million in 2021. The finance giant alleges that the...
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Consumer sentiment, United Health, big bank earnings: 3 things to watch
By Liz Moyer Investing.com -- Stocks rose after December's inflation report showed prices cooling in line with expectations and all but solidifying the view that the Federal Reserve will...
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U.S. stocks rise after December report showed cooling inflation
By Liz Moyer Investing.com -- U.S. stocks were rising after data showed inflation moderated in December. At 10:24 ET (15:24 GMT), the Dow Jones Industrial Average was up 101 points or 0.3%,...
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Stock market today: Dow ends higher amid bets inflation cooled further in December
By Yasin Ebrahim Investing.com -- The Dow racked up gains Wednesday, as investors increased bullish bets on stocks on optimism that data due Thursday will show a further slowdown in...
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U.S. stocks are rising as investors await key inflation report
By Liz Moyer Investing.com -- U.S. stocks were rising on Wednesday as investors awaited the latest reading on inflation. At 10:23 ET (15:23 GMT), the Dow Jones Industrial Average was up 88...
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Deliveroo falls after JPMorgan analysts slash rating to underweight
By Scott Kanowsky Investing.com -- Shares in Deliveroo Holdings PLC (LON:ROO) fell on Wednesday after analysts at JPMorgan cut their rating of the food delivery service, citing data...
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JPMorgan’s Trading Desk Sees Inflation Data Bolstering Bear-Market Rally
(Bloomberg) -- Thursday’s widely watched US inflation data are likely to come in cooler than expected, helping stocks extend a bear-market rally, according to JPMorgan Chase & Co...
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Dow futures tick higher, CPI in focus
By Oliver Gray Investing.com - U.S. stock futures lifted slightly during Sunday’s overnight deals, after major benchmark averages posted weekly advances as fresh hourly earnings data and a...
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Top 5 things to watch in markets in the week ahead
By Noreen Burke Investing.com -- U.S. inflation figures and the start of corporate earnings season will be the main highlights of an otherwise quiet week on the economic calendar. Inflation...
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Bank stocks 'seem likely to set new lows' - Deutsche Bank
By Sam Boughedda Deutsche Bank analysts downgraded shares of Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), and Truist Financial Corp. (NYSE:TFC) to Hold from Buy in a note Friday,...
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Banking group's resilience will win out - Oppenheimer
By Sam Boughedda Oppenheimer analysts cut the firm's price target on banking stocks such as Goldman Sachs (NYSE:GS), Citigroup (NYSE:C), Morgan Stanley (NYSE:MS), JPMorgan...
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JP Morgan Buys a 48.5% Stake in Viva Wallet for Over $800 M
Coin Edition - JP Morgan sealed a deal to buy about 48.5% stake in Viva Wallet for more than $800 million.The stake would be acquired from Viva Wallet’s minority shareholders.The deal...
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Wall Street Sees Energy Stocks Beating Market for a Third Year in 2023
(Bloomberg) -- Energy shares are set to trounce the broader US market for the second straight year and most Wall Street analysts see that run extending into 2023, for one key reason: They’re...
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JPMorgan’s Trading Desk Sees S&P Rallying Up to 10% on Soft Inflation Data
(Bloomberg) -- With equity investors defensively positioned, a soft reading in Tuesday’s consumer price index could spark a powerful rally — with the S&P 500 jumping as much as 10%. That’s...
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JPMorgan meeting a reminder of 'credit defensibility' of its commercial loan book - BofA
By Sam Boughedda JPMorgan's (NYSE:JPM) price target was raised to $145 from $132 per share by BofA Securities on Monday, which maintained a Buy rating on the stock. Analysts told investors...
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Vanguard Quits Net-Zero Group, Marking Biggest Defection Yet
(Bloomberg) -- Vanguard Group Inc. is walking out of the world’s largest climate-finance alliance, marking the coalition’s biggest defection to date as US Republicans step up their threats...
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U.S. in recession in 2023? CEOs of Goldman Sachs and JPMorgan are convinced of this
By Alessandro Albano Investing.com - Inflation in the U.S. showed signs of cooling in October, but despite this, the possibility of the world's leading economy slipping into recession in...
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Not time to be long large cap banks yet, JPMorgan double upgraded at Morgan Stanley
By Sam Boughedda In a note to clients Tuesday, Morgan Stanley analysts said it's not time to be long Large Cap Banks yet, with the firm upgrading JPMorgan (NYSE:JPM) to Overweight from...
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JPMorgan, BofA and Citi to cut banker bonuses - Bloomberg
By Sam Boughedda JPMorgan (NYSE:JPM), Citigroup (NYSE:C), and Bank of America (NYSE:BAC) are considering plans to cut banker bonuses by up to 30%, according to a report by Bloomberg on...
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Biggest Wall Street Banks Are Slashing Bonuses by as Much as 30%
(Bloomberg) -- Across Wall Street, this year’s bleak expectations for banker bonuses are rapidly proving true, as a slump in dealmaking ends the industry’s war for talent and firms regain...
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Today's most important downgrades
JPMorgan (NYSE:JPM) downgraded First Solar (NASDAQ:FSLR) to Neutral from Overweight with a price target of $190.00 (from $147.00) given the stock’s outperformance since the...
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JPMorgan Strategist Says It’s Time to Jump Back Into Stocks, Bonds
(Bloomberg) -- JPMorgan (NYSE:JPM) Asset Management’s David Kelly has a message for longer term investors who have been stung by this year’s downturn in stock and bond markets: now is the...
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Wall Street Bankers See Darker Economic Outlook, Political Risks
(Bloomberg) -- Top Wall Street bankers offered up a litany of warnings that recession in the US and Europe is increasingly likely with geopolitical risks further darkening the horizon into...
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Alphabet, Microsoft Lead Bear-Market Earnings Season
(Bloomberg) -- Investors are facing a make-or-break week for some of Wall Street’s most influential tech stocks in a historic year for the group marked by a plunge into bear market...
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Corporate America Shows Troubling Hit From Dollar’s Epic Surge
(Bloomberg) -- Multiple large companies are highlighting the impact of the ever-stronger dollar on profits. That may undercut the optimism generated so far by a string of...
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