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Tuesday's Market Minute: Bank Earnings Take Center Stage
Tuesday, July 14, 2020 - 10:52am | 306Read More...Big banks kick off the unofficial start to earnings season Tuesday. JPMorgan Chase was the first major bank to report earnings for the period ending in June and set an initial positive tone for its fellow financials. The company reported earnings and revenue that both topped analysts’...
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Nothing to Write Home About: Despite Mostly Beating Expectations, Bank Results Off Sharply
Tuesday, July 14, 2020 - 10:30am | 2834Read More...Key Takeaways: Earnings week kicks off with JP Morgan Chase, Wells Fargo, and Citigroup reporting Concerns about an increase in coronavirus cases keep investors on shaky ground Market uncertainty still looms but broader markets above key support levels (Tuesday Market Open) After weeks of...
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Taking A Breath: Jobless Claims Disappoint, But ECB Stimulus Greeted Positively
Thursday, June 4, 2020 - 9:45am | 2616Read More...(Thursday Market Open) The stock market lately has acted like a boxer that takes punch after punch and comes back stronger after each round. The S&P 500 Index (SPX) just had its best 50-day rally in history right after COVID-19 shut down the world’s biggest economies. Nothing goes...
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Costco Earnings On Tap After Close As Investors Mull Strong Toll Brothers Results
Thursday, May 28, 2020 - 9:45am | 2151Read More...Today’s data barrage begins with the latest look at unemployment claims and another check on Q1 economic growth. It’s been an incredible week of gains so far in stocks, so we’ll see if the market can draw more energy from the numbers or if the data turn out to be a drain. ...
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Jamie Dimon Says JPMorgan Chase 'Will Earn Quite A Bit Of Money' In 2020
Wednesday, May 27, 2020 - 10:12am | 445Read More...JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon spoke during the Deutsche Bank Global Financial Services Conference Tuesday and argued the bank's stock is "very valuable" at current levels, CNBC reported. JPMorgan Will Make Money, Dimon Says A "base case" for...
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Bulls And Bears Of The Week: Carvana, Comcast, Walmart And More
Saturday, May 23, 2020 - 12:30pm | 878Read More...Benzinga has examined the prospects for many investor favorite stocks over the last week. This week's bullish calls included a couple of big-box retailers. Big banks featured recently in both bullish and bearish calls. As the reopening of the economy gears up, leading to some optimism on...
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JPMorgan CEO Jamie Dimon Urges Government and Businesses To Act For Common Good
Wednesday, May 20, 2020 - 7:46am | 527Read More...JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon asked that businesses and the government use the ongoing pandemic as an opportunity to build a fairer economy for the common good. The Financial Reality Laid Bare In a staff memo written before the bank’s annual shareholder meeting...
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JPMorgan Will Only Accept Small Business Loans Under Federal Scheme, Suspends All Others
Thursday, April 9, 2020 - 6:29am | 680Read More...Other than loans under the Paycheck Protection Program, JPMorgan Chase & Co. (NYSE: JPM) will not accept any other small business loan applications until further notice. What Happened JPMorgan’s consumer head Gordon Smith informed President Donald Trump on Tuesday the bank had...
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JPMorgan 'Cannot Be Immune' From Pandemic, Says CEO Jamie Dimon Predicting 'Bad Recession'
Tuesday, April 7, 2020 - 5:21am | 671Read More...JPMorgan Chase & Co.’s (NYSE: JPM) CEO Jamie Dimon, has written a letter to shareholders forecasting a “bad recession” and warning that the bank “cannot be immune” to one of the “greatest health threats of a generation.” Major Economic Downturn...
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JPMorgan CEO In Recovery After Heart Surgery, Bank's Co-Presidents Temporarily In Charge
Thursday, March 5, 2020 - 11:57pm | 346Read More...JPMorgan Chase & Co.’s (NYSE: JPM) CEO James Dimon is in a hospital recovering from an emergency heart surgery. What Happened Dimon underwent a successful acute aortic dissection, said the bank in a memo released to its employees, the Wall Street Journal reports. Daniel Pinto and...
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JPMorgan New Asia Pacific Chief Appointed
Thursday, February 27, 2020 - 4:39am | 287Read More...JPMorgan Chase & Co. (NYSE: JPM) has named Filippo Gori to be its new Asia Pacific (APAC) CEO. What Happened Gori will head strategy and operations in 17 markets in the APAC region. He will retain his present positions as head of banking in Asia Pacific and as the Hong Kong chief executive,...
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JPMorgan Set To Cut 1% Of All Jobs In Consumer Unit: Report
Tuesday, January 28, 2020 - 10:44pm | 371Read More...Investment bank JPMorgan Chase & Co. (NYSE: JPM) is cutting about 1% of all its staff in the consumer unit to reduce costs, Bloomberg reported Tuesday. What Happened Bloomberg didn't provide the exact number of employees at risk of losing their jobs but said the number would be in...
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Benzinga's Bulls And Bears Of The Week: Apple, Boeing, Netflix, GE And More
Sunday, January 26, 2020 - 10:12am | 817Read More...Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included tech leaders and an ongoing turnaround story. Bearish calls included aerospace and electric vehicle leaders. The coronavirus outbreak, the impeachment trial and other news weighed on...
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JPMorgan Raises CEO's Pay To $31.5M After Record 2019 Profit
Friday, January 24, 2020 - 5:36am | 288Read More...The Chief Executive Officer of JPMorgan Chase & Co. (NYSE: JPM), Jamie Dimon is getting a 1.6% raise to $31.5, following the bank’s record earnings in 2019, according to Bloomberg. What Happened Dimon's package includes $25 million in stock compensation, $1.5 million in salary, and a...
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Elizabeth Warren Trolls Billionaires In New Campaign Ad
Thursday, November 14, 2019 - 10:41am | 505Read More...U.S. Sen. Elizabeth Warren isn’t taking criticism lying down. This week, the Democratic presidential candidate is rolling out an ad targeting a group of billionaires who are critical of her 2% wealth tax proposal. The ad, which targets CNBC viewers in Washington and New York, lays...
