Earnings Preview: JPMorgan to Report Financial Results Pre-market on January 15
JPMorgan stated that the wildfires in Los Angeles caused insurance losses exceeding 20 billion dollars, doubling overnight.
According to estimates from JPMorgan Analysts, the potential costs that insurance companies will incur due to the damage caused by the Los Angeles wildfires will exceed 20 billion dollars, doubling the estimate from a day ago. Analysts led by Jimmy Bhullar at JPMorgan warned in a report to clients on Thursday that if the wildfires are not brought under control and the damage continues to spread, the total insurance losses could rise further. Just a day earlier, they had stated that they expected the insurance losses from the wildfires to approach 10 billion dollars. This estimate suggests that this week's fires could result in greater losses than those caused by the 2018 Butte County camp wildfire.
Wells Fargo Names JPMorgan Chase Executive Ed Olebe to Succeed Ray Fischer, Sources Say -- WSJ
JPMorgan Elevated Card Executive Chris Reagan to Succeed Olebe, Sources Say -- WSJ
Wells Fargo Hires New Head of Credit-Card Business, Sources Say -- WSJ
Wells Fargo Names JPMorgan's Olebe to Lead Credit-Card Business, Sources Say -- WSJ
Wells Fargo's Fischer Set to Retire, Sources Say -- WSJ
Wall Street's Bonus Frenzy: Top Investment Bankers Eye Double-Digit Pay Boosts As Markets Flourish
BlackRock Reportedly Leaving Net-Zero Trade Group
WTI Crude Oil Product Futures rose by 0.8% in February.
Crude Oil is rising as traders weigh various factors including short-term supply risks. WTI Crude Oil Futures increased by 0.8%, settling at around 74 dollars per barrel, marking the seventh increase in the past nine trading days. Oil prices dropped over 1% on Wednesday, failing to break through a key technical level. Crude oil kicked off 2025 strongly, benefiting from the continued decline in USA inventories and potential risks to Iranian supply during Trump's second term. Cold weather is expected to boost demand for heating oil this month, while Marine Transportation crude oil exports from Russia have recently plummeted to the lowest level since August 2023. JPMorgan Analysts stated in a report on Thursday.
The World's Bond Markets Are Uneasy. It's the U.S.'s Fault. -- Barrons.com
Wall Street Bonuses to Climb by 10% or More at Biggest Banks - Report
(JPM) - Analyzing JPMorgan Chase's Short Interest
JPMorganChase, Axios, and U.S. Conference of Mayors Partner to Highlight and Scale Solutions in Local Communities
Express News | Jpmorganchase, Axios, and U.S. Conference of Mayors Partner to Highlight and Scale Solutions in Local Communities
Dividends Will Keep Growing in 2025. Where to Find Them.
Bank of America Bond Losses Could Top $100 Billion Due to Rising Rates
San Francisco Police Cancel Time Off as Healthcare Executives Descend -- Barrons.com
S&P 500 Positive for 'First Five Days,' Huang Sees Decades till Quantum | Wall Street Today
JPMorgan Chase Unusual Options Activity For January 08