The Zacks Major Regional Banks will benefit from the Federal Reserve’s interest rate cuts as the deposit costs come down and the industry-wide lending backdrop improves. Further, a decent economic expansion will boost the industry players’ net interest income (NII) and margins.Business restructuring/expansion initiatives and digitization will offer support. Though weakening asset quality is likely to exert pressure on the financials to some extent, major banks like JPMorgan Chase & Co. (JPM) , U.S. Bancorp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended Commission file June 30, 2024 number 1-5805 JPMorgan Chase & Co. (Exact name of registrant as specified in its charter) Delaware 13-2624428 (State or other jurisdiction of incorporation or organization)(I.R.S. employer identification no.) 383 Madison Avenue, New York, New York 10179 (Address of principal execu ...

With a history of almost two centuries, JPMorgan (NYSE: JPM) is widely recognized as one of the most prestigious financial institutions on Wall Street.As a key player among the Big Four banks, with thousands of financial experts and analysts conducting the necessary research, this banking giant has made notable stock acquisitions over the years, utilizing its $611 billion large market cap to secure the best stock deals.Building on this legacy, Finbold analyzed JPMorgan’s latest 13F filing on March 31 to ide ...

JPMorgan Chase & Co. (JPM) launched a new generative artificial intelligence tool that acts as a research analyst and can provide information, solutions and advice, per a report in the Financial Times.The bank’s own internal version of OpenAI’s ChatGPT, named LLM Suite, is now accessible to Asset and Wealth Management (AWM) segment employees. The tool is designed to assist with writing, idea generation, problem-solving using spreadsheets, summarizing documents via accessing third-party models, and more func ...

Consumer spending has remained strong despite elevated inflation, surprising many economists. However, there are concerns about credit card delinquencies and lenders’ net charge-offs, which could indicate whether consumers can keep up with their payments. The Philadelphia Fed reported that credit card delinquencies in Q1 2024 reached their highest level since 2012. According to Seeking Alpha, in June, credit card delinquencies stayed stable at 2.79%, higher than pre-pandemic levels. Net charge-offs declined ...

The Wall Street Journal reported on July 16 that the investment banking revenue of multiple Wall Street banks rose by double-digit percentage levels last quarter. As a result of increased economic stability in the U.S., the firm’s corporate clients utilized more banking services, including deal advisory and debt offerings. Moreover, many firms’ asset-and-wealth management revenue jumped in Q2. I believe that the latter increases were largely spurred by the trading upticks these institutions experienced. Spe ...

Nearly 80% of Plan Participants Worry About Securing Lifetime Retirement IncomeNEW YORK, July 24, 2024 /PRNewswire/ -- J.P. Morgan Asset Management today released its 2024 Defined Contribution (DC) Plan Participant Survey, shedding light on the dynamic changes in retirement savings and the evolving expectations of plan participants. The survey reveals a notable shift, with participants increasingly seeking robust retirement income support and enhanced resources for financial wellness and education. This yea ...

- Myerberg Brings Expertise from Morgan Stanley to Accelerate J.P. Morgan's Real Estate Growth - NEW YORK, July 24, 2024 /PRNewswire/ -- J.P. Morgan Asset Management today announced the appointment of Josh Myerberg as Managing Director and Head of Portfolio Strategy for Core and Core Plus Real Estate Americas investment platforms. This strategic hire underscores the firm's commitment to expanding its flagship real estate business, which boasts a 60-year legacy of equity and debt fund capabilities. Myerberg ...

With both the war in Ukraine and Israel dragging on and causing untold destruction, the dollar amount of damages to housing infrastructure in business simply cannot be calculated. While these events are indisputable tragedies, they do result in the unavoidable reality of reconstruction.In fact, several firms, both European and American, have already stated their desire and commitment to helping Ukraine and Israel rebuild in the wake of their respective wars. These rebuilding projects will likely grow from e ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...