About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

JPMorgan Chase CEO Jamie Dimon will remain at the bank and has no plans to join the Trump administration despite questions about whether he would take a senior government role after the presidential election, a source said.Dimon, 68, has been the subject of repeated speculation in recent weeks as a candidate for Treasury secretary by both Republicans and Democrats, but said last month that his chances of taking an official post were “almost nil.”Jamie Dimon said last month that his chances of taking an offi ...

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 September 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 ...

The financial sector has remained resilient, with the Financial Select Sector SPDR Fund NYSE: XLF recently breaking out to new 52-week highs after consolidating for a month. Strong earnings at the start of the earnings season from major players such as JPMorgan Chase, Wells Fargo, and BlackRock initially fueled this rally, reinforcing bullish sentiment. Despite a modest 2% pullback, the sector is holding above key breakout levels, signaling potential upside as the year enters its final stages. Get Morgan St ...

Core Points - JPMorgan Chase has initiated lawsuits against customers who exploited a technical glitch to withdraw funds from ATMs before checks bounced [1][2] - The bank is investigating thousands of potential cases related to the "infinite money glitch," which has resulted in significant financial losses, although the exact amount has not been disclosed [2][3] - The incident underscores the risks associated with social media amplifying vulnerabilities in financial institutions, as videos of the exploit circulated widely [3] Company Summary - JPMorgan Chase filed lawsuits in at least three federal courts targeting individuals who withdrew large sums during the glitch [1] - A specific case involves a man who owes the bank $290,939.47 after a counterfeit check of $335,000 was deposited [2] - The bank has closed the loophole that allowed the exploit shortly after it was discovered [3] Industry Summary - The incident highlights ongoing vulnerabilities in the banking sector, particularly related to check fraud, which resulted in $26.6 billion in losses globally last year [2] - The shift from paper checks to digital payments has not eliminated the risks associated with check fraud, indicating a persistent issue within the industry [2]

JPMorgan is ramping up its hiring of investment-banking analysts and associates, BI has learned.This comes after the bank set new limits on work hours for juniors and saw a 31% jump in deal fees.The fourth quarter is usually a slow period of hiring for investment banks. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a p ...

The largest American lender, JPMorgan (JPM) , announced third-quarter results on Oct. 11, before the opening bell. The company’s top and bottom lines handily surpassed the Zacks Consensus Estimate.Robust capital markets performance and a rise in net interest income or NII (driven by high interest rates, modest consumer spending and decent growth in loan balance) supported JPM’s quarterly performance. On the other hand, higher non-interest expenses and provisions and subdued mortgage banking performance were ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there. The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns. JPMorgan Chase & Co. (NYSE: JPM ) is the largest bank in the world, by market cap, with a market cap around $600 billion as the company continues to hit ...

JPMorgan Chase & Co. Today | --- | --- | |-----------------------|-------| | | | | | | | | | | JPM | | | JPMorgan Chase & Co. | | | $222.29 | | | +9.45 (+4.44%) | | | 52-Week Range $135.19 | | | ▼ | | | $225.48 | | | Dividend Yield 2.25% | | | P/E Ratio 12.40 | | | Price Target $213.47 | | Add to Watchlist JPMorgan Chase & Company NYSE: JPM stock can hit new highs in 2024 because the fear induced by September's guidance warnings was misplaced, the Q3 results were better than expected, cash flow and capital ...

Earnings season is here — as always, led by the banks, and the banks led the CE 100 Index 1.7% higher through the past week. As a group, the banks were up 4.4%, and only two pillars, including the “Live” and “Have Fun” segments, showed slight losses.Within the banking pantheon, JPMorgan’s stock rallied 5.2%. As we reported in the wake of earnings, in the words of CFO Jeremy Barnum, consumer spending is seeing a period of “normalization” as consumers are on “solid footing.”As detailed in the company’s earnin ...