Marjorie Taylor Greene Discloses Buys of AMD, Alphabet, Microsoft, Others
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The interbank certificates of deposit are "crazy," and expectations for further easing of monetary policy have increased.
① The rates of interbank certificates of deposit for various maturities have significantly decreased, with some maturities dropping by 20 basis points, marking the largest single-day decline in recent years. ② The central bank governor, pan gongsheng, stated that next year, a supportive mmf policy stance will be maintained, with increased counter-cyclical adjustment efforts. ③ The one-year interbank certificate of deposit may indicate signs of an easing mmf policy.
Gap Stock Is Upgraded. Retailer Is at 'Inflection Point' to Continuous Improvement.
JPMorgan Chase Fined $1.8 Million by Singapore for Overcharging in Bond Trades
Deutsche Bank Reaffirms Their Hold Rating on JPMorgan Chase & Co. (JPM)
Accenture Nominates Masahiko Uotani, Chairman and Chief Executive Officer of Shiseido, and Jennifer Nason, Global Chair, Investment Banking of J.P. Morgan to Join Its Board of Directors
jpmorgan (JPM.US) withdraws lawsuit related to stock warrants of Tesla (TSLA.US)
JPMorgan agreed last Friday to withdraw its lawsuit against Tesla, which accused Tesla of "flagrantly" violating the contract signed between the two companies regarding the warrants related to Tesla's sale to the bank in 2014.
JP Morgan Fined S$2.4 Million Over Unsupervised Conduct Of Relationship Managers
Singapore's central bank: JPMorgan was fined 1.8 million US dollars for improper conduct by relationship managers.
The Monetary Authority of Singapore (MAS) stated on Monday that it has imposed a civil penalty of 2.4 million Singapore dollars (1.79 million US dollars) on the US-based JPMorgan Chase Bank. MAS mentioned that JPMorgan's relationship managers provided inaccurate or incomplete information to clients in 24 over-the-counter bond trades, charging clients spreads higher than agreed. The country's central bank said that JPMorgan has acknowledged responsibility for failing to prevent or detect the misconduct and has paid the civil penalty to MAS.
Morgan Stanley: Reiterates boc hong kong 'shareholding' rating with a target price of 28 Hong Kong dollars
JPMorgan released a research report stating that boc hong kong (02388) saw a 6% drop in its stock price last week, underperforming the Hang Seng Index and peers by 6 to 9%. This weak performance is believed to be caused by concerns over asset quality, although the market may have overreacted. The bank believes that the group's financial results for the 2024 fiscal year, to be announced in the first quarter of next year, will bring substantial risk rewards, reiterating its "shareholding" rating with a target price of HKD 28. The bank anticipates that over the next 6 to 12 months, as management increases shareholder returns in a capital-rich environment, the net interest margin and resilience of asset quality, along with the continued growth of average interest-earning assets (AIEA), will support the group.
JPMorgan: Maintains 'overweight' rating on Meituan-W, target price raised to HK$200.
JPMorgan released a research report stating that they believe Meituan is one of the best consumer and internet companies in China, maintaining a 'shareholding' rating for Meituan-W (03690) with a target price raised to HKD 200. The company's profitability remains strong, with forecasted adjusted earnings per share growth of 33% next year, 9% higher than market expectations, making it one of the fastest-growing companies covered by the bank. The report mentioned that Meituan is one of the best-performing stocks among China's internet stocks this year, and still believes that its stock price has room to rise in the next 6 to 12 months, mainly due to the increasing monetization level and the revenue from on-site and hotel services.
Express News | Singapore's MAS - Imposes Civil Penalty of S$2.4 Million on JPMorgan Chase Bank, N.a.
"Doomsday Doctor" Rubini warns of Trump 2.0: higher inflation, lower economic growth.
Renowned economist, supported by the nickname "Dr. Doom," Nouriel Roubini recently expressed his concerns about the second term of US President Donald Trump. Roubini, dubbed "Dr. Doom" for correctly predicting the 2008 global financial crisis, shared his economic forecast for Trump's second term in a recent interview. Roubini acknowledged that some of Trump's economic strategies may stimulate economic growth, but he warned that others could lead to worsening inflation and a slowdown in economic expansion. During the interview, he specifically mentioned Trump's proposal to impose tariffs on products from Mexico, Canada, and other countries.
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Europe's bond market: German bonds rise as traders ponder the possibility of a 50 basis point rate cut by the European Central Bank in December.
The bull market for German government bonds is steepening, and the mmf market is increasing bets on deeper interest rate cuts by the european central bank. Previously, jpmorgan economists moved up their expectation of a 50 basis point rate cut by the european central bank from January next year to December. Traders have raised expectations for the european central bank's easing, with a 20% probability of a 50 basis point rate cut next month, and a forecast of a 156 basis point cut by the end of next year, higher than the previous expectation of 150 basis points. The yield on German 2-year government bonds fell by 5 basis points to 1.95%, a new low since 2022; the steepening trend of the German 2s10s curve has continued for 8 months, the longest since 1999.
JPMorgan has brought forward its expectation of the European Central Bank's interest rate cut of 50 basis points to December.
JPMorgan economists are moving up their expectations for a 50 basis point rate cut by the European Central Bank from January next year to December. Greg Fuzesi wrote in a client note: "Given the sharp drop in PMI, the slowdown in service inflation, and the possibility of continued trade uncertainty, this scenario seems quite likely." He pointed out, "The European Central Bank does not need to make advance commitments for subsequent meetings, retaining full flexibility, including possibly staying on hold next." "Confusingly, dovish committee members do not have any clear push for a 50 basis point rate cut in December." He also acknowledged the confusion, but stated, "it is probably a few".