Tag Archives: JPMorgan

The major Wall Street indexes started the day higher on Thursday after Meta Platforms, Eli Lilly, and Comcast reported results that were better than expected, outweighing statistics that indicated the U.S. economy slowed down more than predicted in the first quarter. At the start of trading, the Dow Jones Industrial …

Tuesday saw a lower closing price on Wall Street as signs of a slowing economy increased worries that the Fed’s efforts to contain decades-high inflation may trigger a severe recession.All three major indices declined after statistics revealed that industrial orders dropped for a second consecutive month and that job vacancies …

Shares of JPMorgan, which is the biggest US bank by assets, surged more than 2% after the firm posted Q4 profit and revenue that topped expectations. The New York-based bank said profit jumped 6% from the year earlier period to $11.01 billion, or $3.57 per share. Interest income at the …

Q3 earnings and profits slid at Wall Street’s biggest banks as they anticipate weaker economy while investment banking was hit hard, but investors saw a small glimpse of light with some banks beating estimates.Central banks fight inflation which is expected to cause an economic slowdown. Fed raised interest rate from …

Stocks retreated on Friday, and generally gave up earlier gains during the session one day after posting a historic turnaround rally as investors digested inflation expectations.The Dow Jones Industrial Average fell 283 points, or 0.94%. The S&P 500 shed 1.82%, and the Nasdaq Composite slipped 2.32%.Stocks fell to session lows …

JPMorgan expected the price of Brent crude to rise again towards levels of $100 a barrel, with supply shrinking in the coming months. And the US bank said in a note last week that Brent crude will record levels of $ 101 a barrel in the fourth quarter and $ …

Three major US banks are raising their prime lending rates to the highest levels since the global financial crisis of 2008, following Fed’s interest rate hike.JPMorgan Chase & Co (JPM.N), Citigroup Inc and Wells Fargo & Co (WFC.N) said the new rates, including the latest 75 basis point hike, would …

The Federal Reserve could be forced to cut interest rates in 2023 if a deep recession occurs, according to JPMorgan. This would be a turnaround move by the Fed, considering it has aggressively raised rates in 2022.Potential rate cuts from the Fed would help backstop the stock market in the …

Bank’s first-quarter profit fell 42% as it socked away funds to prepare for higher defaults in case of recession. JPMorgan Chase is the first major US bank to report its results for the first quarter. JPMorgan Chase & Co.’s pandemic boom ended with a sharp drop in profits and a …

Markets still hope for an the earnings season that is better than expectations. Robust support is seen with a stronger labour market. The US economy is in great shape from that perspective. Equity markets are expected to rebound. Markets are also looking for them to go back up toward their …