来源：金十 摩根大通基本金属及贵金属策略主管格雷戈里·希勒（Gregory Shearer）认为，存在这样一种情景：高昂 的银价可能迫使太阳能制造商转而采用无银技术以控制成本，同时设法减少每块太阳能电池板的用银 量。 摩根大通全球研究分析师认为，2026年白银价格正在确立更高的底部，但顶部尚不明朗，全球需求的激 增为价格预测带来了上行与下行双向风险。 在周二发布的一份报告中，分析师表示，白银正试图在2026年走出黄金的阴影，但能否成功尚难定论。 "就像罗宾之于蝙蝠侠的黄金版，白银在贵金属世界中向来扮演着永恒的配角——常常被其更为显赫的 同伴所忽视，"他们写道。"尽管白银在工业生产流程和产出中具有实用价值，包括作为涂覆于太阳能电 池板和阵列以收集并传输电流的导电浆料，但金价与银价的比值有时仍会突破100比1。" "然而目前，该比值正处于15年来最接近的水平，"他们补充道，"因为2026年初黄金和白银价格均经历 极端波动——其中一段时期，至少从净值涨幅来看，白银的涨势已开始超越黄金。" 摩根大通认为，这些涨幅中有很大一部分源于美国的关税政策。"数月以来，美国商务部根据《1962年 贸易扩展法》第232条款对关键矿 ...

Processing ContentKey insight: The CEOs of JPMorganChase, Wells Fargo, Goldman Sachs and Capital One each received compensation of at least $40 million in 2025.Supporting data: Of the four chief executives, Wells' leader Charlie Scharf received the highest year-over-year increase at 28%. His 2025 pay package totaled $40 million.Forward look: The latest pay details for the CEOs of Citi, Bank of America and Morgan Stanley are expected to be available soon.Compensation packages for the chief executives at fou ...

摩根大通私人银行表示，得益于黄金作为应对全球分裂、地缘政治不确定性与通胀风险的优选分散配置 资产，金价有望在今年年底攀升至每盎司6000～6300美元。该行2月全球投资策略报告显示，上调黄金 预期的主要驱动因素包括：央行购金、宏观不确定性，以及散户参与度可能上升。"在宏观不确定性居 高不下的背景下，我们预计央行和投资者将继续增配黄金，借助其分散风险的属性，应对地缘政治、通 胀及政策层面的各类风险。" ...

Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...

行业政策与环境 首席执行官杰米.戴蒙警告，通胀粘性、地缘政治复杂性和资产价格高企等潜在风险可能影响业绩，市 场需警惕相关波动。 以上内容基于公开资料整理，不构成投资建议。 经济观察网摩根大通2026年支出指引为1050亿美元，超出市场预期，但受益于费用收入环境，业绩有望 实现稳健增长。企业与投资银行业务预计成为主要动力，贷款和存款业务或保持增长。 财务状况 2025年财报显示，摩根大通净利润因苹果信用卡业务计提拨备而小幅下降，同时行业整体面临不良率攀 升和信用卡贷款风险。未来需关注信贷扩张下的资产质量变化。 ...

Core Insights - The annual electronic trading survey by JPMorgan reveals that 41% of respondents believe geopolitical tensions will have the greatest impact on financial markets this year, more than doubling from 2025 [1] - Technological innovations, such as AI, rank second at 19%, while interest rate policies come in third at 13% [1] - Chi Nzelu, head of the newly established quantitative trading and research team at JPMorgan, indicates that the market is highly focused on ongoing geopolitical tensions, suggesting that a quick resolution is not anticipated [1] Market Opportunities - Tokenized assets are viewed as the largest opportunity in the digital market, with 48% of sell-side respondents and 33% of buy-side respondents selecting this option, surpassing cryptocurrencies, stablecoins, and deposit tokens [1] - The survey, conducted in January, included responses from 955 institutional and professional traders globally, reflecting their sentiment heading into early 2026 [1]

US banks sharpened their stance this week in a clash with the crypto industry that has put major legislation on ice in Congress. Behind closed doors, the US banking industry shared a document calling for a prohibition on companies or other entities paying customers interest on their stablecoin balances during a second round of talks hosted by the White House's crypto council. That document served as the basis for the discussion during a Tuesday meeting on the issue, which is the major holdup in getting ...

在摩根大通加快步伐扩张其数字资产支付业务之际，其区块链业务的全球联席主管在该行任职逾十年后 已经离职。 根据周三在领英上的一则发帖，Naveen Mallela已卸任Kinexys全球联席主管。摩根大通旗下的Kinexys 利用加密货币底层技术在支付等领域开发产品与服务。Mallela于2024年出任该职务。 在摩根大通加快步伐扩张其数字资产支付业务之际，其区块链业务的全球联席主管在该行任职逾十年后 已经离职。 摩根大通的一位发言人证实其离职的消息，并表示该行计划很快任命继任者。常驻新加坡的Mallela不 予置评。 责任编辑：王许宁 责任编辑：王许宁 根据周三在领英上的一则发帖，Naveen Mallela已卸任Kinexys全球联席主管。摩根大通旗下的Kinexys 利用加密货币底层技术在支付等领域开发产品与服务。Mallela于2024年出任该职务。 摩根大通的一位发言人证实其离职的消息，并表示该行计划很快任命继任者。常驻新加坡的Mallela不 予置评。 ...

Financial giant JPMorgan Chase has found itself on a long list of organizations that are being sued by President Donald Trump. The lawsuit, filed on Jan. 22 in a Florida state court, alleges the bank debanked him and his affiliated business entities by closing accounts in 2021 for politically motivated reasons, according to a report by Reuters (1). Must Read The firm was quick to respond, stating, in part, “we believe the suit has no merit … Our company does not close accounts for political or religiou ...

金价大跌后逐渐震荡企稳，东方金诚研究发展部分析师瞿瑞认为，这一方面源于暴跌后，金价估值回归 理性，吸引投资者逢低入场。另一方面，市场认识到美联储短期内难以改变宽松交易的趋势，恐慌情绪 有所缓和。此外，最新公布的美国就业数据超预期疲弱，提升了市场对美联储宽松政策的预期，也为金 价提供反弹动力。 分析人士指出，金价"高台跳水"后，市场情绪已较为敏感，容易受到消息面扰动而发生剧烈波动，进而 导致金价震荡，但近年支撑金价上行的基本因素仍将持续发挥作用。 兴业证券首席经济学家王涵在研报中称，国际政经多极化趋势明确，意味着美元下行、黄金上行的趋势 在一段时期内不会改变。因此，非美央行会继续通过增持黄金以应对潜在的地缘政治和金融风险，黄金 的战略属性将持续强化。 来源：中国新闻网 近期，现货黄金价格在经历急涨暴跌的"过山车"行情后，重新站上了5000美元/盎司的关键关口。 摩根大通大宗商品研究数据印证了这一趋势：2026年全球央行购金量预计将维持在约755吨的高位，这 一水平远高于2022年之前的历史均值。 市场判断，2026年美联储仍处于降息周期当中，加之美联储独立性面临考验，美国债务可持续压力进一 步上升，美元资产的安 ...