About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. The portfolio's price can fluctuate, but the income stream remains consistent. Start your free two-week trial today!JPMorgan Chase & Co. (NYSE: JPM ), one of the largest and most profitable banks in the world, will report its fourth-quarter earnings results next week. In this article, ...

JPMorgan Ending Remote Work For 300,000+ Employees: ReportgettyIt’s JPMorgan’s turn. AT&T did it. Amazon did it. Walmart did it too. Many large corporations and institutions are calling quits on remote work. And now, JPMorgan Chase, the largest bank in the U.S., reportedly plans to end remote work and require more than 300,000 employees to work from the office five days a week.In April 2023, JPMorgan’s managing directors were required to return to the office five days a week. Now Bloomberg reports that all ...

Earnings Schedule and Peer Comparison - JPMorgan is scheduled to announce its Q4 2024 earnings on January 15, 2024, with Citigroup also reporting on the same day and Bank of America on January 16 [1][2] - JPMorgan's earnings are closely watched due to its broad presence across the finance sector, providing insights into the performance of other banks [1] Q4 2024 Earnings Expectations - The Zacks Consensus Estimate for Q4 revenues is $40.92 billion, indicating a 6.1% YoY growth [3] - Earnings estimates for the quarter have been revised upward by 2.3% to $3.95, though this reflects a marginal decline from the prior-year quarter due to rising credit loss provisions and higher operating expenses [4] - JPMorgan has a strong earnings surprise history, beating estimates in each of the trailing four quarters with an average surprise of 7.73% [7][9] Key Drivers of Q4 Performance - Net Interest Income (NII): Expected to be $22.9 billion, with a Zacks Consensus Estimate of $22.88 billion, reflecting a 4.9% YoY decline [10][11] - Investment Banking (IB) Fees: Expected to rise 45% YoY to $2.55 billion, driven by improved M&A activity and strong equity and bond issuance volumes [12][13][14] - Markets Revenues: Expected to grow 15% YoY, with equity markets revenues projected at $2.12 billion (up 24.4% YoY) and fixed-income markets revenues at $4.18 billion (up 2.8% YoY) [15][16] - Mortgage Banking Fees: Expected to increase 50% YoY to $395.6 million, supported by decent refinancing and origination activities [17][18] Expenses and Asset Quality - Non-interest expenses are expected to rise to $23 billion due to branch expansion and technology investments [18][19] - Provisions for credit losses are estimated at $2.66 billion, with non-performing loans (NPLs) expected to increase 22.2% YoY to $8.46 billion [19][20] Management Guidance for 2024 - NII is projected to be $92.5 billion, up from $89.3 billion in 2023 [21] - Adjusted non-interest expenses are expected to be $91.5 billion, including increased technology spending of $17 billion (up 9.6% YoY) [21] - Loan growth is expected to be modest, with deposits remaining relatively flat [22] Valuation and Price Performance - JPMorgan shares outperformed the S&P 500 and peers in Q4 2024 [25] - The stock is trading at a forward P/E of 14.48X, above the industry average of 14.08X, indicating a stretched valuation [27] Strategic Outlook - JPMorgan is well-positioned to benefit from its scale, leadership in key businesses, and expansion into new markets [30] - The acquisition of First Republic Bank continues to support financials, though higher investment-related expenses are expected [30] - Volatility in capital markets may challenge fee income growth, and the stock's high valuation remains a concern [31]

Applications will be accepted now through February 17, 2025NEW YORK, Jan. 8, 2025 /PRNewswire/ -- The Women Presidents Organization (WPO) and JPMorgan Chase Commercial Banking are seeking nominees for the 50 Fastest Growing Women-Owned/Led Companies™ ranking. First launched in 2007, the annual 50 Fastest list celebrates the size and growth of women-owned or -led companies worldwide, recognizing their contributions to innovation, economic development and job creation across industries. This year's 50 Fastest ...

Experienced Retirement Experts Josh Forstater and Tina Anstett Join the FirmNEW YORK, Jan. 6, 2025 /PRNewswire/ -- J.P. Morgan Asset Management today announced that Josh Forstater and Tina Anstett have joined the firm in key leadership positions on the Retirement team. These strategic hires reflect J.P. Morgan Asset Management's dedication to providing innovative solutions and insights to support the evolving needs of retirement plan sponsors, advisors, consultants, and participants. Josh Forstater Tina ...

The first earnings season of the New Year will get underway on January 10th, with the big banks reporting results for the last quarter of 2024.The expectation is that 2024 Q4 earnings for the S&P 500 index will be up +7.6% on +4.7% higher revenues. This would follow the +8.3% earnings growth in Q3 on +5.5% higher revenues.As we have noted here all along, the revisions trend ahead of the start of the Q4 earnings season has been fairly stable, as can be seen in the chart below that shows how the Q4 earnings g ...

Financial Performance - For the full year, earnings are projected at $17.70 per share and revenue at $174.85 billion, reflecting changes of +9.06% and +10.59% from the previous year [1] - The upcoming earnings release is scheduled for January 15, 2025, with an expected EPS of $3.86, indicating a 2.77% decrease from the same quarter last year, while revenue is projected at $40.48 billion, up 4.95% year-over-year [10] Stock Performance - JPMorgan Chase & Co. closed at $238.39, with a +0.33% change from the previous day, underperforming the S&P 500 which gained 0.73% [3] - The stock has decreased by 4.41% over the past month, compared to a loss of 2.93% in the Finance sector and a gain of 0.34% in the S&P 500 [5] Valuation Metrics - The current PEG ratio for JPMorgan Chase & Co. is 3.43, significantly higher than the industry average of 1.37 [2] - The company is trading at a Forward P/E ratio of 13.43, which is a discount compared to the industry's average Forward P/E of 16.43 [11] Analyst Ratings and Estimates - The Zacks Rank for JPMorgan Chase & Co. is currently 3 (Hold), with the Zacks Consensus EPS estimate having increased by 0.43% in the past month [6][8] - The Zacks Industry Rank for the Financial - Investment Bank industry is 52, placing it in the top 21% of over 250 industries [9]

Core Viewpoint - The U.S. Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against JPMorgan, Bank of America, and Wells Fargo for failing to protect consumers from fraud on the Zelle payment network, alleging that customers have lost over $870 million since Zelle's launch [2][9]. Group 1: Lawsuit Details - The lawsuit claims that the banks rushed the introduction of Zelle without implementing adequate consumer safeguards, leading to widespread fraud [10][15]. - Early Warning Services, the operator of Zelle, argues that the CFPB's allegations are flawed and politically motivated, noting a 27% increase in transaction volume in 2023 while reported scams decreased by approximately 50% [3][6]. - The CFPB seeks to halt the alleged unlawful practices, secure redress and penalties, and obtain other forms of relief [6]. Group 2: Background on Zelle - Zelle was launched in 2017 as an alternative to payment services like Venmo and Cash App, and is owned by seven major banks, including JPMorgan, Bank of America, and Wells Fargo [8]. - The app allows for near-instant electronic money transfers using "tokens" linked to email addresses or U.S.-based mobile numbers, which can lead to vulnerabilities for consumers [5]. Group 3: Responses from Banks - A spokesperson for JPMorgan criticized the CFPB for overreaching its authority and jeopardizing the value of Zelle, arguing that the agency is holding banks accountable for criminal activities [7][15]. - Bank of America expressed strong disagreement with the CFPB's efforts, stating that it would impose significant new costs on the banks offering the free Zelle service [15]. Group 4: Regulatory Scrutiny - The Senate Permanent Subcommittee on Investigations held a hearing in May to address concerns regarding fraud on Zelle [13]. - U.S. Senator Elizabeth Warren's office initiated an investigation into Zelle in April 2022, collecting fraud data from major banks and issuing a report in October 2022 [16].

Group 1: Market Cap Potential - The article discusses the potential for several companies to reach a $1 trillion market cap, driven by the AI boom, a resilient U.S. economy, and falling interest rates [1] - Walmart would need a 31% increase in market cap to reach $1 trillion, which may be challenging given its current valuation compared to competitors like Costco [3] - Eli Lilly's revenue rose 20% to $11.4 billion in Q3, with adjusted net income increasing over 1,000% year-over-year, indicating strong potential for reaching a $1 trillion market cap [5][6] - JPMorgan Chase, with a current market cap of $648.6 billion, would need a 54% increase to reach $1 trillion, but favorable economic conditions could support this growth [8][9] Group 2: Company Performance - Walmart's market cap has more than doubled in the last three years, reaching $763.8 billion, driven by its successful omnichannel strategy and strong grocery sales [12][13] - Eli Lilly is now the most valuable pharmaceutical company in the U.S., with a market cap of $689.5 billion, needing a 45% growth to hit $1 trillion [14][15] - JPMorgan Chase is the largest bank by assets, benefiting from a diversified business model and a favorable regulatory environment that could enhance its growth prospects [7][18] Group 3: Current Market Landscape - There are currently nine publicly traded U.S. companies with a market cap of $1 trillion or more, with Berkshire Hathaway briefly dipping below this threshold [10][11] - The article notes that just a few years ago, there were no U.S. companies worth more than $1 trillion, highlighting the rapid growth in this segment [11]