Bank stocks could be a good way to add value stocks to your portfolio as the sector will deliver once the economic recovery takes hold.
Moderna has been on a tear since the start of the year. It’s about to end in tears as the stock is trading at insanely high levels.
Wall Street megabanks are making huge provisions for bad loan debt. This doesn’t fit with a buoyant stock market.
JPMorgan thinks Nikola stock is crazy overvalued. But the upstart automaker continues to dazzle the millennial “investors” on Robinhood.
Mortgage rates may be at record lows, but this won’t be enough to save the housing market from a looming crisis.
Equities have been trekking higher since April, but the rally is probably on its last leg, according to JPMorgan.
Jamie Dimon complains about wealth inequality, while JPMorgan Chase pressures the Fed for more of the QE that caused it.
Bad news for Dow Jones bears: So many traders are shorting the S&P 500 that it might just ignite a stock market surge.
Is it enough for the Federal Reserve’s Neel Kashkari to suggest banks raise loan-loss provisions by cutting corporate stock dividends? The answer is no.
Dow Jones bank stock earnings have been brutal. But one economist says they’re not as ugly as banks secretly want you to think.
The Dow Jones soared 1,200 points on Monday, even as JPMorgan boss Jamie Dimon issued a dire warning in his annual letter to shareholders.
Most of the concerns around Tesla from analysts last year were centered around whether the company can compete against traditional automakers in the same market.
Halloween wasn’t too kind to stocks, but things could be looking up. Marko Kolanovic is JPMorgan’s global head of macro quantitative and derivatives research, and according to CNBC, he’s also the “man that moves the markets.” That’s why when he says that the broader market could have some runway for gains in the short-term, you […]
The United States Department of Justice has charged three gold and precious metals traders from JPMorgan on suspicions of market manipulation. The alleged bad actors include Gregg Smith, 55, Michael Nowak, 45, and Christopher Jordan, 47 — alongside other suspected co-conspirators. At the time of the charges, Smith is an executive director at the American multinational […]
Two top JPMorgan analysts are encouraging investors to keep calm during any forthcoming stock market downturns and to buy when the Dow Jones tumbles. Why? Because they say the dips are temporary and the stock market will eventually recover any of its lost gains. JPMorgan: Stock market will regain previous highs JPMorgan quant guru Marko […]
Most of Wall Street is expecting the Fed to cut interest rates in coming days, but the question is by how much? For the most part, economists fall in one of two camps – a 25 basis-point cut or a 50 basis-point cut. But according to one White House official, half-a-point is just not going […]
J.PMorgan has increased its S&P 500 forecast for the next half of the year. The firm’s new outlook comes on the back of increased speculation tilting toward an end to the U.S.-China trade war and the Federal Reserve adopting a seemingly softer monetary policy. The new Fed monetary policy is predicted to result in reduced […]
Fascinating research from JPMorgan reveals that although the stock market is booming, the performance of your individual portfolio depends heavily on what state you live in. That’s because U.S. investors living in different regions tend to favor some S&P 500 sectors over others. Your Stock Portfolio Likely Has a Hidden Regional Bias According to JPMorgan’s […]
The S&P 500 is charting its best first half of the year in over a decade. Meanwhile, the Dow Jones Industrial Average is having its best June since 1938 amid a triumphant year for stock market bulls. But the fundamentals underlying these benchmark movements are troubling. The stock market is looking wobbly to JP Morgan […]
Despite CEO Jamie Dimon’s history of anti-bitcoin rhetoric, JPMorgan plans to pilot-test its own JPM Coin cryptocurrency later this year. JPMorgan claims more of its clients in the United States, Europe, and Japan have been clamoring for its prototype cryptocurrency to accelerate securities trading such as bonds. JPMorgan Tests ‘Crypto’ Amid Bitcoin Bull Market Not […]
By CCN.com: With reports indicating that the new trade deal with Mexico secured by the U.S. has some specifications that are not fully agreed upon by both countries, the prospect of the U.S. stock market has slightly declined in the past several days. The Dow Jones has slipped by 0.19% on the day, falling below […]
By CCN.com: JPMorgan Chase just scrapped its uninspired mobile banking app targeted at millennials. It only lasted one year before Jamie Dimon and co. had to admit defeat. JPMorgan Scraps Stupid Emoji Banking App After 12 Months The Finn app was launched last June to woo emoji-loving young people with zero-fee mobile banking. But the […]
By CCN.com: In the past four days, the Dow Jones has climbed from 24,721 points to 25,677 as a dovish Federal Reserve launched the U.S. stock market into a strong short-term recovery. Futures market traders believe there is a 75 percent chance of an interest rate cut by the end of July, subsequent to the […]
By CCN.com: The Dow Jones lost nearly 1,000 points last week, but the stock market bellwether made a tepid recovery on Monday. At last check, the DJIA had gained 24 points or 0.1% to climb back to 24,839. The Dow’s recent performance has triggered alarm bells on Wall Street, but one JPMorgan economist argues that […]
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By CCN.com: European Union regulators fine five major banks including JPMorgan – the biggest bank in the US – for taking part in spot foreign exchange (FX) trading cartels. The regulators found price fixing for all major currency areas including the US, Europe, and Australasia. In total, 11 currencies were included in the scam, including […]
By CCN.com: Staying ad-free will be the death of Netflix. Or, at least that’s what YouTube and JPMorgan believe. On a panel at IAB’s Digital Content NewFronts today, executives from the two companies discussed Netflix ads (or lack thereof) alongside representatives from UM media agency and MediaLink. The panel overwhelmingly agreed that Netflix would have […]
By CCN.com: Wall Street firm JPMorgan has a plan to save the banking industry’s lucrative cross-border payments business from alternatives such as Bitcoin and fintechs such as Ripple and TransferWise – expand the use cases for its permissioned blockchain network, the Interbank Information Network (IIN) to include settling payments. According to the Financial Times, plans […]
The Dow Jones Industrial Average assembled a monster rally on Friday, surging 250 points to place the index within striking distance of its all-time high. Astonishingly, the DJIA managed this feat even as major index component Chevron tanked on reports that it would acquire Anadarko Petroleum in a blockbuster $33 billion deal. As the index […]
After a week most bulls would love to forget, the Dow finally looks ready to shake off its slump. The trigger? A cocktail of bullish earnings, a streaming price war, and wildly positive economic data out of China. Dow Surges More Than 250 Points By 9:57 am ET, the Dow Jones Industrial Average had surged […]
Jamie Dimon has doubled down on his calls for the rich to pay more in income taxes. The JPMorgan CEO has long been a supporter of a more progressive taxation system, and his views have only been sharpened by the recent Trump tax breaks which favored the rich. Dimon in the Rough: JPMorgan Chief Wants […]
Healthcare has been a growing problem for Americans across the political spectrum for decades. Conventional political wisdom currently says it will likely be the central focus in the 2020 presidential election, and the Democrats ran with it to some success in the recent midterm elections. While private healthcare may seem to be on its last […]
In a Brad Garlinghouse vs. Jamie Dimon crypto showdown, the Ripple chief is not the least bit intimidated by his Wall Street rival. Ripple CEO Unloads on JPMorgan Cryptocurrency at DC Blockchain Summit Garlinghouse was featured as the keynote speaker at DC Blockchain Summit 2019, where he gave a fireside chat with Nasdaq’s Jill Malandrino. […]
JPMorgan’s controversial blockchain token might not be a real cryptocurrency, but researchers say it could help spark concrete crypto adoption. Binance Argues JPMorgan’s Dubious Crypto Project Will Spur Real Adoption In a new article from Binance Research, one of the world’s largest cryptocurrency exchanges deems JPM Coin a “stepping stone” toward mass adoption. By exposing […]
Crypto will never be anything more than a fringe investment until it gets government backing. That’s the assessment of Terry Duffy, the CEO of top derivatives marketplace CME Group. Click on the button to load the content from www.bloomberg.com. Load content Duffy told Bloomberg that resistance to crypto is too great to overcome without institutional support […]
By CCN.com: A report by JPMorgan suggests that for over four weeks during the fourth quarter, bitcoin’s market price was lower than its mining costs on average. According to the JPMorgan analysts, the cost of mining bitcoin during Q4 was averaging about $4,060 around the world, Bloomberg reports. According to them, starting late November when the […]
Jamie Dimon, the CEO of JPMorgan Chase, warns that the partial US government shutdown could cut the United States’ economic growth to zero if it continues through March 31. “Someone estimated that if it goes on for the whole quarter, it can reduce growth to zero,” Dimon told reporters. He did not cite the source […]
Institutional investors are being scared off by the protracted crypto bear market. That’s the assessment of a team of JPMorgan Chase & Co. analysts, including global market strategist Nikolaos Panigirtzoglou. “Participation by financial institutions in Bitcoin trading appears to be fading,” the JPMorgan team wrote in a December 14 research note. “Key flow metrics have […]
Much like an old house that comes to be inhabited by the spirit, who, though no longer living, nevertheless has unfinished business on earth, JPMorgan CEO Jamie Dimon is haunted. However, unlike the protagonists in the films that will inevitably trend on Netflix this evening, Dimon’s spectre is primarily technological, not paranormal, for the investment […]
A blockchain payments trial jointly launched by a trio of banks led by JPMorgan has roped in 75 new banks globally for seamless and faster interbank settlements. First deployed by JPMorgan in October 2017, the Interbank Information Network began as a blockchain experiment to minimize the participants and friction typically involved in a global payments […]
According to Business Insider’s Frank Chaparro, sources close to Citibank revealed that the $175 billion New York-based bank will offer crypto custody solutions to institutional investors. Through the launch of a product called Digital Asset Receipt (DAR), Citigroup will enable institutional investors to invest in cryptocurrencies in a fully insured and regulated manner. Similar to […]
This year, in the first quarter of 2018, Deutsche Bank, Germany’s biggest bank and one of Europe’s leading financial institutions, recorded a profit of $146 million. Binance, the world’s biggest cryptocurrency exchange, recorded a profit of $200 million. Binance Vs. Deutsche Bank Binance surpassed Germany’s largest and one of Europe’s biggest banks in profitability. Binance, […]
For a bank that has distanced itself from cryptocurrencies, JPMorgan is sure fond of the blockchain. The biggest US bank based on assets joined forces with the National Bank of Canada, among others, to develop an application based on its Quorum technology for debt issuance on the blockchain (corporate bonds, Treasury bonds, etc.) The test […]
If Jamie Dimon didn’t believe in karma before, he may be a believer now. JPMorgan has been hit with a class-action lawsuit on allegations of tacking on unannounced layers of fees plus interest after pulling the rug out from under the feet of cryptocurrency investors, according to a Reuters report. No wonder the decentralized revolution […]
Amber Baldet, a key executive of JPMorgan’s blockchain business, is stepping down for greener pastures. Baldet was the architect of JPMorgan’s blockchain strategy, having sat at the helm of the bank’s Blockchain Center of Excellence. She is reportedly leaving to launch her own firm on the heels of reports suggesting that JPMorgan may be spinning […]
JPMorgan Chase, the largest bank in the US, has formally acknowledged that cryptocurrencies and blockchain technology could disrupt banks. JPMorgan Admits Cryptocurrencies Could Disrupt Banks The firm made this admission in its annual report, which was dated Feb. 27 and filed with the US Securities and Exchange Commission (SEC). Deep in the 301-page document, JPMorgan […]
JPMorgan’s mixed signals on bitcoin persist. The top US bank based on assets has released what’s been dubbed a “Bitcoin Bible” for investors, conceding that cryptocurrencies aren’t going away while simultaneously warning investors about a looming 50% or so drop in the BTC price. Meanwhile, JPMorgan’s CEO Jamie Dimon, whose distaste-turned-disinterest in bitcoin made headlines for months, […]
It may surprise some people to learn that JPMorgan Chase is invested in the blockchain. Umar Farooq, a banker turned blockchain leader at JPMorgan, discussed how the bank is using the blockchain and didn’t shy away from bitcoin. He was speaking at the Yahoo Finance All Markets Summit for Crypto in New York earlier this week. He spoke […]