WeWork to end up controlled by SoftBank Group under bailout package: Media Reports
Japan's Softbank is convinced it can turn around the embattled startup whose IPO has been cancelled
Company
JPMorgan Chase & Co
NYSE:JPM
JPMorgan Chase & Co is a financial holding company. The company has four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM).
230 stories · page 2 of 3
Barclays becomes Europe's only major investment bank as Deutsche retreats
The German bank's plans to close down its equities trading arm will leave Barclays as the only European bank in the so-called 'bulge bracket' of heavyweight multi-national financiers
Archive
Proactive news snapshot: Kibo Energy, CentralNic, OptiBiotix Health...
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Tiziana Life Sciences lifted by journal publication
A look at the day's major movers, including Aukett Swanke, Abal, StatPro, Venn Life, Porvair, Angus Energy, KEFI, 600 Group and Polar Capital
StatPro surges as it partners with JP Morgan to develop analytics solution
Under the five-year agreement, StatPro said it would work with JPM to develop risk and performance attribution capabilities for the bank’s flagship platform, providing a “significant new channel” for its services
Hardware & electrical equipment
Deloitte Canada picks LiteLink Technologies to provide technical edge, be blockchain delivery group
LiteLink CEO Ashik Karim says the relationship with the accounting goliath is “exceptionally important” to gain access to large enterprise opportunities
Piedmont Lithium to add muscle as it approaches construction decision
Piedmont Lithium is a large landholder in North Carolina pursuing regulatory approvals for its Piedmont US-lithium project.
Investments and investor services
S&P/ASX 200 down 0.1% at lunch, US earning season underway
The ASX 200 is trading down 0.10% or down 7.9 points to 6,243.4 at 1.35pm.
Investments and investor services
Canadian markets close down, mirroring global markets
The IMF cut Canada's economic growth forecast nearly half a percentage point to 1.5% in its new World Economic Outlook
Wall Street ends down after muted JOLTS report, Trump's EU tariff tweet
Investors also cast eyes on impending earning reports from banks, including JP Morgan Chase and Wells Fargo on Friday
Piedmont Lithium drilling to upgrade resource and extend life for US lithium project
Piedmont Lithium has been buying up land in North Carolina to extend the size of the Piedmont project.
Investments and investor services
Stocks close higher on tech company rally, outlook for China stimulus
Comments from the People’s Bank of China suggesting efforts to spark economic growth helped lift equities
Small-Cap Snapshot: Weight Watchers company declines after JPMorgan downgrade to Neutral
Cannabis company Aphria rallied after its net revenue more than doubled from a year earlier
Small-Cap Snapshot: Bed Bath & Beyond shares soar after posting better-than-expected 3Q results
Smart Global Holdings sank after reporting quarterly earnings that trailed the estimates of analysts
Hardware & electrical equipment
NetCents has been around the blockchain; gears up to disrupt the crypto payments industry
The payment processing company’s platform has continued to sign up merchants, unbothered by the notorious market volatility
CryptoCann™ Report: Atari to offer blockchain-based games; former Miami Dolphin Ricky Williams launches CBD products line
Atari is teaming up with blockchain start-up Animoca Brands to create blockchain-based versions of mobile games 'RollerCoaster Tycoon Touch' and 'Goon Squad'
European benchmarks finish day lower as Wall Street closed for George H.W. Bush funeral
A look at the European close. Wall Street is closed today due to the state funeral of George Bush senior
Denim jeans giant Levi Strauss may have an IPO in the works
The privately-held denim jeans company is looking to go public around the first quarter of 2019, as per a CNBC report
Berkshire Hathaway’s 13-F filing reveals Warren Buffett added $4B stake in JPMorgan
Buffett’s company bought a new stake in JPMorgan and upped its investment in Apple
EARLY MOVERS: Cisco Systems surges as fiscal 1Q beats analyst expectations but PG&E takes another hit as California rage
Also in play before the New York bell is Netease Inc, the Brexit debate in the UK and JPMorgan
CryptoCann™ Report: Bitcoin celebrates its 10th birthday; Francis Ford Coppola debuts cannabis line
Director Francis Ford Coppola plans to launch a line of cannabis in time for the holiday season
Wall Street stocks finish modestly easier in consolidation as market players eye rush of quarterly earnings
Apple weighed on the Dow while chipmaker Nvidia dragged the Nasdaq lower
Investments and investor services
JPMorgan Chase and Citigroup beat Wall Street's 3Q earnings forecasts while Wells Fargo falls short
JPMorgan's consumer and community banking division drove profits higher in the quarter while Citi's profits were boosted by corporate tax changes
PolarX’s efforts may update resources at ‘open-pittable’ Alaska Range Copper-Gold Project
The project includes the “smoking gun” deposit Zackly which contains an inferred resource of 41,200 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver, with mineralisation continuing 100 metres below the bounty.
EARLY MOVERS: Altria Group and tobacco firms in the frame after FDA crackdown announcement
Also in pre-market deals, Pivotal Software Inc takes a nose-dive and McDonalds Corp shares are unmoved
Amazon, Berkshire Hathaway, JPMorgan tap Jack Stoddard as COO for new joint health venture, says CNBC
Stoddard is the former general manager for digital health at Comcast
PolarX derisks Alaska Range Copper-Gold Project with exploration
The project includes the “smoking gun” deposit Zackly which contains 41,200 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver.
CryptoCann™ Report: Crypto investor sues AT&T for US$224mln over loss; Tidal Royalty inks deal with Illinois Cannabis Company
Tidal Royalty will provide Illinois Cannabis Company with financing in exchange for 15% of net sales royalty
Amazon.com to launch medical clinic for employees at its main Seattle office, says CNBC
Amazon is set to bring in doctors to take charge of in-office clinics
Daily CryptoCann™ Report: London Stock Exchange welcomes its first crypto company; a marijuana breathalyzer is in the works
Crypto mining company Argo Mining raised around US$32.5mln in its initial public offering
Daily CryptoCann™ Report: Riot Blockchain to develop private Bitcoin mining pool; Province Brands creates first beer brewed from cannabis
The blockchain company will bring groups of miners together to increase the chance of receiving block rewards
Wall Street shares seen lower as Netflix plunges; European benchmarks generally in the red
The Dow Jones Industrial Average closed up nearly 45 points to 25,064, while the S&P 500 lost 2.88
PRE-MARKET MOVERS: Investors lose appetite for McDonald's amid stomach illness outbreak, but big bank JPMorgan Chase gains ground
Also in focus in pre-market trade is AT&T Inc, Time Warner and PNC Financial Services Group Inc
US stocks seen mixed as traders look to big bank earnings; European shares higher
President Trump has also now begun his four day visit to the UK and has already caused ructions
JPMorgan and the German government squash rumors of a potential investment in Deutsche Bank
A weekly German publication alleged that JPMorgan and a Chinese bank were going to invest in Deutsche Bank
PRE-MARKET MOVERS: Tesla boss Musk in farting unicorn image row; Wells Fargo and big banks up in pre-market
Constellation Brands and Nike were also in the telescopic spotlight of investors before the bell
Surgeon Atul Gawande tapped to lead health care joint venture set up by Amazon.com, JPMorgan and Berkshire Hathaway
Warren Buffett, Jeff Bezos and Jamie Dimon set up the JV to contain their employees' spiraling health care costs
Daily CryptoCann Report: Wells Fargo to ban crypto purchases on its credit cards; Aurora Cannabis acquires marijuana testing lab
JPMorgan Chase, Bank of America, Citigroup and TD Bank have also banned crypto purchases on their cards
Morgan Stanley analysts are bullish on US bank stocks and other financial stocks
Rising interest rates, expense management and deregulation should help bank stocks, according to the analysts
Goldman Sachs to begin Bitcoin futures trading, says the cryptocurrency is not a fraud
JPMorgan CEO Jamie Dimon recently called Bitcoin a fraud and said that it wouldn't end well
Investments and investor services
US benchmarks close higher as earnings season points to strong growth
US stocks advanced as traders remain bullish about the corporate earnings season
Dow Jones up 318 points as traders come back to shares
A look at the US and Canada markets as the session progresses..
Archive
Little worry that US banking results will turn into a slasher movie on Friday the 13th
With their UK peers due to start updating the market the week after next, JP Morgan Chase, Citigroup, and Wells Fargo will all reveal first-quarter figures on Friday
US benchmarks close higher ahead of Friday jobs report
A look at the US and Canadian markets as the day progresses
Citigroup reportedly to set up innovation center in London, shrugging aside any Brexit worries
James Cowles, Citi’s chief executive Officer for Europe, the Middle East and Africa (EMEA) told the FT that the Wall Street bank will initially hire 60 technologists for the center
S&P/ASX 200 closes 53 points down on weak global cues
S&P/ASX 200 opened lower as expected but slowly rallied throughout the day.
Investments and investor services
S&P/ASX 200 opens down but bounces above 5,800
S&P/ASX 200 opened lower as expected but has started to rally.
Dow Jones registers biggest loss in eight months as benchmarks plunge
US stocks closed sharply lower on Tuesday with the Dow Jones tanking 362 pts
Amazon, Berkshire Hathaway and JPMorgan to form healthcare company for employees
“The ballooning costs of healthcare act as a hungry tapeworm on the American economy,” said Warren Buffett
JPMorgan boss sees US tax cuts lifting wages, creating jobs and boosting economy
Jamie Dimon thinks the US economy could reach a 4% annual growth rate this year
Indexes storm higher but GameStop and Aflac get left behind
Facebook shares were on the skids after the social media giant announced changes to its news feed
JP Morgan shares ease premarket after corporate investment banking numbers disappoint
The bank recorded a US$2.4bn charge to cover the new one-time repatriation tax on income it has kept abroad and to adjust the value of its deferred tax assets and liabilities
FTSE 100 ambles to another high
The Footsie set another record closing level but it was not entirely storming ahead; most of the gain was down to bid stock GKN's 25% rise
US benchmarks close higher as Dow Jones regains winning streak
US stocks closed higher and the Dow Jones was back to winning ways
Canamex Gold shares surge 45% after it agrees pioneering crypto-currency deal
It has signed 'terms of agreement' with Harmonychain, a Norwegian fintech firm
Bitcoin jumps to all-time high above US$6,300 after CME says will launch a regulated trading venue
The Nasdaq-listed firm said the new futures contracts will be settled in cash, based on the CME ‘CF Bitcoin Reference Rate’ - a once-a-day reference rate of the US dollar price of bitcoin
FTSE 100 closing in on record high; Pearson top riser
FTSE 100 closed at 7,542, below last Thursday’s closing high of 7,556.24 while the Dow soared above the 23,000 level today
Citigroup slides despite better-than-expected third quarter numbers
Citi delivered earnings per share for the three months ended September 30 of US$1.42 on revenues of US$18.17bn
JP Morgan edges lower as dip in trading revenues outweighs earnings beat
Chairman and chief executive Jamie Dimon warned last month that trading revenues could fall by as much as 20% compared to the same quarter last year
JP Morgan Chase & Co, Citigroup, Dominos Pizza Inc and more - PRE-MARKET
Proactive is closely monitoring the movers and shakers ahead of the bell in New York
FTSE 100 closes at record high bolstered by weak pound on Brexit talks 'stalemate'
In a joint news conference held later in the day, Barnier admitted that some progress had been achieved on citizens' rights and Ireland's common travel area
JP Morgan told to pay widow US$4bn for mismanaging estate settlement
“Even today some assets – now more than seven years after Mr Hopper’s death – still have not been released to Mrs Hooper”
Nordstrom, Apple, Jamie Dimon and more - AFTER HOURS
As well as the Apple event in California, we take a look at what was garnering interest after hours
Stocks close mixed as traders keep half an eye on Hurricane Irma
The Dow Jones was up but the other two major benchmarks finished lower
Bank of America's second quarter profit beats expectations as rising short term interest rates offset trading slump
The lender's global market business saw revenues fall, reflecting a weakness in bond trading that has also hit other big banks, although overall second-quarter revenue still rose by 10% to US$23.07bn
Bank of New York Mellon Corp appoints former Visa boss Charles Scharf as its new CEO
Scarf, who has also worked at J.P. Morgan Chase & Co, Bank One and Citigroup Inc, will take over as the bank’s chairman as well with effect from 1 January
New highs for S&P 500 and Dow Jones as VIX "fear factor" falls again
The Dow Jones was up 70 points in lunchtime trading after hitting a new high last night
Lenders find market hard to please as banking results season begins - PRE-MARKET
All three banks reporting this morning beat expectations with their numbers, yet their shares are set to pen lower in a rising market
Citigroup, JP Morgan & Chase and Wells Fargo deliver on second quarter results
US bank stocks have risen following Trump's presidential election win but are struggling to find ground
HSBC boss confirms plans to shift UK jobs to Paris in event of 'hard Brexit'
HSBC's boss Stuart Gulliver has welcomed the French government's proposed labour reforms as he plans to possibly move UK jobs to Paris
Vantiv Inc makes $10bn bid for Worldpay Group
Vantiv is offering a share and cash deal valuing Worldpay at about 19% of its closing share price
US investment titan JP Morgan Chase in frame as it makes Worldpay approach
If it goes through, it would be one of the biggest deals the US bank has sealed since the financial crisis.
FTSE 100 closes at record high; miners in support
The UK blue chip index closed at 7,454, below the new intra-day peak of 7,460.20, but above the previous high of 7,447 hit in March
London’s financial centre will stall after Brexit, warns Goldman Sachs chief executive
The boss of Goldman Sachs has warned the bank may have to move jobs and operations out of London depending on the outcome of Brexit
Bank of America posts better-than-expected jump in quarterly earnings
Bank of America's first quarter profits were supported by loan growth and investment banking fees
Citigroup and JP Morgan impress, Wells Fargo doesn't
Bumper numbers had been predicted due to a bounce in trading following Donald Trump’s election
US banks set for strong first quarter as JP Morgan, Citigroup and Wells Fargo kick off earnings season
US banks look set to achieve a robust set of first quarter results as earnings season gets underway
Archive
Corporations begin to flee the UK after Theresa May triggers Brexit
With the Brexit wheels in motion, several companies are taking action to ensure they continue to have access to Europe's single market
JP Morgan evaluating European cities to relocate London operations after Brexit
JP Morgan is looking to move its operations from London to elsewhere in Europe after the UK leaves the European Union
US stocks hit fresh record highs, Dow above 21K, as March rate hike in the bag
US stocks ended sharply higher on Wednesday, with the Dow Jones Industrial Average above 21,000 for the first time, as financials led the way on expectations for an interest-rate hike this month
US Dow Jones has longest record run since 1987 as chemicals gain
US stocks closed mixed on Wednesday, with the Dow Jones Industrial Average the only major ticker able to muster gains – and its longest record-setting period in 30 years
US shares close lower as Trump rally pauses for breath, and policies
US shares ended lower on Thursday as the four major stock benchmarks snapped their longest record-setting streak since 1995 amid another pause on the Trump rally since November
US shares mark fresh record highs as banks price in earlier rate hike
US stocks marked a fresh raft of record highs on Wednesday as the Fed brought forward the prospect of rate hikes in the world’s biggest economy and bank stocks hit record highs
US stocks gain, financials lead on deregulation, Macy’s could have a Canadian owner
Financials led the gains on the benchmark S&P 500 on Friday after US President Donald Trump signed off on two executive actions to make good his promise to reform financial regulation
US shares end mixed; steel stocks gain but Goldman and Dow fall
US shares closed mixed on Wednesday, with most tickers resisting hawkish comments from the head of the Federal Reserve as the steel sector and Netflix had a boost, while the Dow was dragged down by Goldman Sachs shares
US stocks end higher, Nasdaq closes at record high, banks and Netflix lead
US stocks closed higher on Friday, with the Nasdaq basking in a fresh record high, but the Dow’s attempt at the 20,000 was a non-starter
Bank of America sees fourth-quarter profits nearly double on markets upswing since the US election
The US bank said its net income rose by 46,8% to $4.34 billion in the three months ended December 31, up from $2.95 billion a year earlier.
Barclays rejects claims in US DoJ lawsuit, says they are "disconnected from the facts"
The bank has been accused by the DoJ of deceiving investors about the quality of loans underlying tens of billions of dollars of mortgage securities between 2005 and 2007.
Trending: Which 80 small- mid- and large-cap stocks will do well over four years?
Watching the way Wall Street index tickers have raced to fresh record highs on both Monday and Tuesday, investors might be forgiven for thinking that pretty much any stock is doing well on the so-called “Trump Trade”, coined in the wake of
US stocks lifted by earnings, oil price surge
US stocks closed higher on Wednesday, lifted by solid earnings from bank Morgan Stanley (NYSE:MS) and oil services provider Halliburton (NYSE:HAL) as well as a jump by oil prices in the wake of shrinking inventories in the world’s biggest e
Trending: Energy isn’t out of the woods, but bank balance sheets turn better
Oil prices have some way to go to start an ascent from recession, but already banks are starting to feel calmer about the asset
US stocks cling to gains after Yellen says its ok to delay rate hikes
US shares clung to the thinnest gains on Friday after Fed chair Janet Yellen hinted at a delay to raising interest rates
Wall St shares close higher, led by bank stocks
US shares closed higher on Monday, as bank stocks swelled on rising expectations of a Fed rate hike next month, Mylan shares repair after peace offer and American Airlines chief flies to United
US shares firm as bank stocks sense rate hike
US shares were firm at midsession on Monday after a broad-based gain and headwinds from higher banking stocks
Trending: MetLife says it’s not Too Big To Fail
The US - and later global – credit crunch of 2008 may seem like a nasty war that’s been and gone and read about in schoolchildren’s history lessons on modern USA, but on Wednesday there was a wake-up call that the ghosts of the crisis are s
Trending: European banks on Wall Street face tricky times ahead
If European banks trading in the United States did not have enough problems to contend with back at HQ they certainly are nervous about the future in the big Apple too. Most of the European banks came through their European Union stress tes
Trending: US boardrooms talk Brexit before Britain knows its full meaning
Britain’s decision to quit the European Union last month is a bit like a vague black hole, but still investor relations departments from across the United States are signing off company earnings reports and taking questions from analysts wh
US stocks record a fresh record high close, but Netflix dives after hours
US stocks closed firm on Monday, with the bellwether S&P 500 marking a fresh record high, after Bank of America earnings buoyed the market
US stocks punch higher after Turkey and earnings results upset sentiment
US stocks rose on Monday, after opening with a mild nosebleed, struggling for direction as investors analysed the turmoil of Turkey’s failed coup and with the second quarter earnings season continuing to pick up pace from last week’s launch
US big stocks fail to deliver a record week, but small-caps make history
US stocks pared losses on Friday despite geopolitical risks, and although they were unable to deliver the best Monday-to-Friday of record-breaking gains since 1998, still they yielded the third successive week of gains