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Category: JP Morgan Chase
JPMorgan Said to Scout Dublin, Frankfurt for Post-Brexit EU Hub
JPMorgan Chase & Co. is scouting for office space in Dublin and Frankfurt that may be used as an enlarged European Union hub following the U.K.’s vote to leave the bloc, according to people with knowledge of the matter.
China’s $8 Trillion Bond Treasure Spurs Hiring at Global Funds
Speculation that China’s 56.3 trillion yuan bond market is about to go more global is spurring investment funds to hire in the nation. A central bank official said at the end of last year that China will create conditions for the inclusion of yuan debt in global indexes.
MetLife Hires UBS’s Matus as Strategist for Investing Unit
MetLife Inc.’s investing unit hired Drew Matus, formerly of UBS Group AG, as chief market strategist to help add third-party clients. Matus will be responsible for formulating the insurer’s global and economic market outlooks, the New York-based company said Wednesday in a statement.
Exxon’s New CEO Drives Oil Giant Into Post-Tillerson Era
Woods replaced longtime Exxon chief Rex Tillerson, now the Secretary of State, beginning Jan. 1. Less than three weeks later, Exxon disclosed Tillerson’s final deal: a large acquisition of land in the fast-growing Permian Basin that will cost up to $6.6 billion. It was Exxon’s largest deal since it agreed to buy XTO Energy in 2009.
JPMorgan CEO Dimon: Regulatory Reform ‘Flashing Red to Green’
Executives at J.P. Morgan Chase & Co. struck an upbeat tone during the firm’s annual investor day, painting a picture of bank businesses mostly poised for growth.
Dimon Says U.S. Future `Very Bright’ If Trump Can Enact Reforms
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon expressed broad optimism for U.S. growth and his own industry if Donald Trump’s administration succeeds in reshaping taxes and regulation.
BlackRock’s $1 Trillion Move to JPMorgan Shows Cost-Cut Strategy
State Street Corp. on more than $1 trillion in client assets as the asset manager seeks to cut costs by putting pressure on vendors. The move of assets to JPMorgan Chase & Co.
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A street sign is seen in front of the New York Stock Exchange October 16, 2007. U.S. stocks fell on Tuesday after disappointing earnings and outlooks from financial services companies suggested problems from the credit squeeze will be prolonged.
Wells Fargo Reports a Rare Disappointing Quarter
Net income at the nation’s third biggest bank by assets fell in the fourth quarter of last year to $4.9 billion, down from $5.2 billion in the year-ago period. Wells Fargo’s downbeat earnings come amid a swell in profits at other banks.
U.S. Banks to Stay in Fashion as Earnings Kick Off
U.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises. Wells Fargo & Co.
Rain at J.P. Morgan Health Meeting Is a Tonic for Hotel Revenue
At this year’s annual meeting of health-care executives and investors in San Francisco, an industry criticized over the high prices of its drugs got a taste of its own medicine. The four-day J.P. Morgan Healthcare Conference, known more for speed-date meetings and deals than actual presentations, this year packed thousands of investors, bankers and executives into the rain-soaked Union Square neighborhood.
Dimon Praises Cabinet Picks, Says He’s Optimistic About Trump
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he’s optimistic about President-elect Donald Trump’s administration because of the group of people he’s assembled to fill his cabinet.
JPMorgan Found in Probe to Have Retaliated Against Adviser
JPMorgan Chase & Co. wrongfully fired a financial adviser in retaliation for publicly complaining that managers pressured him to sell the bank’s own investment products, a federal investigator found.
Takeda Expands Cancer Business With $4.66 Billion Ariad Deal
Takeda Pharmaceutical Co. will expand its footprint in the U.S. oncology market with the $4.66 billion purchase of Ariad Pharmaceuticals Inc., adding one potential blockbuster in lung cancer and another already on-the-market therapy.
Banks, Oil Stocks Hinder Dow’s Pursuit of 20,000
Declines in bank and energy companies weighed on Wall Street on Monday, distancing the Dow from the 20,000 mark, while gains in technology stocks pushed the Nasdaq to a record intraday high. Two-thirds of the 30 Dow components were lower, with Goldman Sachs’s 0.7 percent decline weighing the most.
Indonesia Ends JPMorgan Partnerships on Downgrade, Okezone Says
Indonesia’s government terminated all business partnerships with JPMorgan Chase & Co. after the U.S. bank downgraded its assessment of Southeast Asia’s largest economy following Donald Trump’s surprise U.S. election win, according to a report on the Okezone news portal.
Brokerages Set DISH Network Corporation (DISH) Target Price at $68.41
Shares of DISH Network Corporation have been assigned an average recommendation of “Hold” from the twenty-two brokerages that are currently covering the firm. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company.
Dow Analyst Moves: JPM
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, JPMorgan Chase is the #19 analyst pick. Within the broader S&P 500, when components were ranked in terms of analyst favorites, JPM claims the #299 spot.
San Francisco Software Startup AppDynamics Files for U.S. IPO
The San Francisco-based company filed with an initial offering amount of $100 million, a placeholder used to calculate fees that will probably change. Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co.
Nobody Traded When JPMorgan Put Chicago School Debt Up for Sale
JPMorgan Chase & Co. offered a crucial lifeline to the ailing Chicago Public Schools by purchasing almost $1 billion of short-term notes from the junk-rated system in the last four months.
Top Yen Analysts Discuss Bull-Versus-Bear Outlook for 2017: Q&A
Japan’s currency went on a roller-coaster ride this year, soaring against the dollar for much of 2016 then sliding back down. When it comes to the outlook for 2017, it turns out the market’s top two analysts have views that could hardly be further apart.