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At $900B, Bitcoin's Market Cap Is Larger Than JPMorgan, Bank Of America, Citi Combined
Friday, February 12, 2021 - 1:40pm | 475Read More...What happened: Bitcoin hit a fresh all-time high of $48,481, and its market cap soared to $900 billion for the first time earlier today. This makes Bitcoin’s (BTC) market cap larger than that of the biggest banks in the U.S. combined, including JPMorgan Chase & Co....
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Fintech Focus For January 4, 2021
Sunday, January 3, 2021 - 11:58am | 1446Read More...Quote To Start The Day: Cheers to a new year and another chance for us to get it right. Source: Oprah Winfrey One Big Thing In Fintech: The banking industry has not been spared from the impact of Covid-19. Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B...
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Fintech Focus For December 31, 2020
Wednesday, December 30, 2020 - 6:48pm | 1939Read More...Quote To Start The Day: Celebrate endings—for they precede new beginnings. Source: Jonathan Huie One Big Thing In Fintech: In a recent outlook for North American and European fintech, Fitch Ratings acknowledged that the sector fundamentals should remain resilient next year, despite pandemic-...
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JPMorgan Agrees To Acquire Tax-Smart Fintech Startup 55ip
Thursday, December 3, 2020 - 12:38am | 386Read More...JPMorgan Chase & Co’s (NYSE: JPM) asset management division will acquire fintech company 55ip LLC under a definitive agreement. The terms of the deal haven't been disclosed. What Happened: Post-acquisition, 55ip will continue to function as a unique entity under its brand and...
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Fintech Focus For November 19, 2020
Wednesday, November 18, 2020 - 6:42pm | 2481Read More...Quote Of The Day: The successful warrior is the average man, with laser-like focus. - Bruce Lee Fintech Movers: Big investors are backing online banks more than ever, betting that these upstarts' low overhead and nimble technology stacks will let them keep grabbing customers from traditional...
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Fintech Focus For October 6, 2020
Monday, October 5, 2020 - 5:55pm | 2010Read More...Quote Of The Day: Don’t be afraid of Covid. - President Trump Fintech Movers: From providing digital payment solutions in channeling electricity subsidies and social safety nets for workforces, to becoming an investment platform for government debt securities, fintech firms assist...
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PreMarket Prep Stock Of The Day: JPMorgan
Monday, September 21, 2020 - 12:35pm | 948Read More...Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...
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JPMorgan's Back-To-Office Plan Gets A Pandemic-Sized Setback
Tuesday, September 15, 2020 - 11:24pm | 415Read More...JPMorgan Chase & Co’s (NYSE: JPM) drive to bring its employees back to their workstations suffered a setback after an employee tested positive for COVID-19, the New York Post reported Tuesday. What Happened: Some workers of the Jamie Dimon-led bank had to be sent home after an employee in...
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What JPMorgan Has To Say About Young Employees Working From Home
Tuesday, September 15, 2020 - 4:31am | 521Read More...JPMorgan Chase & Co (NYSE: JPM) says it has noticed a troubling pattern with its work-from-home employees, particularly those who are of a younger age, Bloomberg reported Monday. What Happened: CEO Jamie Dimon told analysts Keefe, Bruyette & Woods in a private meeting that productivity was...
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Fintech Focus For September 7, 2020
Sunday, September 6, 2020 - 3:51pm | 2051Read More...Quote Of The Day: Two armies that fight each other is like one large army that commits suicide. - Henri Barbusse Fintech Movers: The European fintech scene has experienced tremendous growth over the last few years. One of the key drivers of this growth is open banking. This is causing financial...
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Fintech Focus For August 13, 2020
Wednesday, August 12, 2020 - 4:20pm | 1461Read More...Daily Perspective: Accept my money, or die. - Kublai Khan Fintech Movers: I wouldn't be surprised to see exchanges charging for [crypto] data ... like exchanges used to not charge for data in U.S. equities. - Ronan Ryan Huntington selects BillGo as partner. Cash App tests new borrowing tech....
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Tuesday's Market Minute: Bank Earnings Take Center Stage
Tuesday, July 14, 2020 - 9:52am | 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 - 9:30am | 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 - 8:45am | 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 - 8:45am | 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. ...
