此次市场反应与2022年情形相似，当时该行成本指引同样引发股价下跌，最终需首席执行官杰米·戴蒙团队通过投资者日活动详解计划才安抚股东。 对于此次支出增长，富国银行分析师迈克·梅奥给出双重判断：对摩根大通而言，额外投入或能加深竞争优势，但对全行业则可能引发"多米诺骨牌效应"， 迫使其他银行增加开支以争夺市场份额。 业务展望呈现分化态势 摩根大通近期披露的2025年支出计划引发市场强烈反应。 该行消费者与社区银行业务负责人玛丽安·莱克表示，明年支出将达1050亿美元，这一数值不仅超出分析师1011亿美元的平均预期，更比部分机构对2025年 的费用预估高出约9%，直接导致其股价在消息发布当日下跌4.7%，创下八个月来最大跌幅，同时成为KBW银行指数中表现最差的成分股。 从支出构成来看，增长动力清晰可寻。 莱克指出，与业务量增长相关的支出是首要因素，其执掌的消费者与社区银行业务是主要贡献板块，具体包括理财顾问激励薪酬、产品营销、网点建设等常 规投入，同时对人工智能的战略投资也占据一定比例。 通胀带来的结构性影响，也成为推高成本的重要原因。这一成本压力并非突发，数据显示，摩根大通今年前九个月的非利息支出已较2024年同 ...

Core Viewpoint - Morgan Stanley has set a price target of $331 for JPMorgan Chase & Co., indicating a potential increase of about 10.16% from its current trading price of $300.47, despite recent challenges faced by the company [2][5]. Financial Performance - JPMorgan's projected expenses for 2026 are expected to reach $105 billion, which is over 4% higher than Wall Street's expectations, raising concerns among investors [3][5]. - The current stock price of JPMorgan is $300.47, reflecting a decrease of 4.68%, with a change of -$14.74 [3]. Stock Resilience - Despite the recent decline, JPMorgan's stock has shown resilience over the past year, with a high of $322.25 and a low of $202.16 [4][5]. - The company's market capitalization is approximately $817.96 billion, indicating its strong position in the financial sector [4][5]. - Today's trading volume for JPMorgan is 15,022,965 shares on the NYSE, highlighting active investor interest [4].

莱克介绍，成本上升主要受多方面因素推动，包括对人工智能的投资、为财务顾问提供更高的基于绩效的激励薪酬、加大营销支出，以及对信用卡业务和银 行网点的投入。她补充称，通货膨胀亦在推高整体开支。莱克强调，"我们对这些开支感到非常满意，不仅是因为我们如何投资这些资金，而且也因为它与 业务的业绩相一致。"作为可能接替杰米·戴蒙（Jamie Dimon）执掌摩根大通的候选人之一，她表示，"从主题角度看，这些主题贯穿公司各处。" 有关开支增加的预警对股价造成直接冲击。在莱克讲话后，摩根大通股价下跌逾4%，为4月份市场动荡以来的最大单日跌幅。值得一提的是，该股在上个月 刚刚创下历史新高。 摩根大通在分支机构建设与科技等领域的支出通常高于行业整体水平，这与其庞大的业务规模密切相关。莱克还向投资者更新业绩预期称，第四季度投资银 行业务费用预计将以"低个位数"的同比增幅增长，而交易收入预计将较上年同期增长"低双位数"。 【环球网财经综合报道】据Financial Times等外媒报道，摩根大通股价当地时间周二盘中跌幅一度超过4.7%。这家美国资产规模最大的银行发出预警，称其 明年开支将显著增加逾90亿美元，引发市场对其成本压力的关 ...

摩根大通策略团队近期发布最新市场分析报告显示，短期来看，在美联储大概率落地降息操作后，美股此前的上涨势 头可能因投资者集中获利了结而陷入停滞，但从中期维度出发，鸽派货币政策环境、多重基本面利好因素将持续支撑 美股表现，2026年市场仍具上行空间。 策略师在报告中分析称，当前国际油价持续处于低位运行，有效降低了能源成本对整体物价的推升压力;美国劳动力市 场工资增长态势放缓，缓解了核心服务通胀的上行风险。 同时，美国关税政策带来的贸易成本压力有所缓解，进一步降低了输入性通胀风险。这些因素共同作用，使得美联储 能够在不引发通胀反弹的前提下推进货币政策放松，而鸽派政策环境将为美股估值提供重要支撑。 2026年，在全球经济协同复苏层面，贸易领域的不确定性持续降低，将为美国出口导向型企业带来更稳定的经营环境; 亚洲经济体增长前景改善，不仅将扩大全球需求规模，也将为美国跨国企业创造更多盈利增长点。 欧元区加大财政支出力度，有望带动区域经济复苏，进而形成全球经济共振效应。人工智能技术在美国各行业的加速 推广与应用，将显著提升企业生产效率、优化盈利结构，成为驱动美股科技板块乃至整体市场增长的核心引擎。 彭博社开展的一项非正式调 ...

Group 1: Federal Reserve and Market Reactions - The market is anticipating a potential interest rate cut by the Federal Reserve, with a high probability of 87.5% for a 25 basis point reduction, but investors are more concerned about the future policy direction and potential hawkish signals from the Fed [1] - Morgan Stanley's warning about economic conditions, particularly in the retail sector, has led to a decline in its stock price, impacting the overall performance of the Dow Jones Industrial Average [3] - Despite overall market pressure, technology stocks have shown resilience, contributing to a slight increase in the Nasdaq Composite Index [4] Group 2: AI Impact on Banking Sector - Major banks, including JPMorgan Chase, Wells Fargo, and Goldman Sachs, have indicated that generative AI is accelerating automation, significantly improving productivity while also leading to job restructuring and potential layoffs [10] - AI is primarily focused on automating repetitive tasks rather than replacing high-skill jobs, with banks targeting processes like customer onboarding and loan approvals for AI integration [11] - The commercialization of AI in banking faces challenges, including increased demand for high-performance computing and regulatory scrutiny, which could offset efficiency gains [12] Group 3: Long-term Workforce Implications - In the short term, lower-skilled positions may be at risk due to layoffs or hiring freezes, while technology roles related to data engineering and AI operations are expected to grow rapidly [13] - The investment strategy for bank stocks should incorporate both short-term AI implementation costs and long-term efficiency gains into valuation models [15] - Banks are advised to align workforce restructuring with comprehensive retraining programs to mitigate social risks and enhance service quality [15]

Market Overview - U.S. stocks showed mixed performance as traders prepared for the Federal Reserve meeting, with major indexes consolidating near recent highs after a strong year-end run for value stocks [1] - The Dow Jones Industrial Average decreased by almost 0.4% to 47,560.29, while the S&P 500 fell 0.09% to 6,840.51, and the Nasdaq increased by 0.1% to 23,576.48 [1] GameStop Corp. (NYSE:GME) - GameStop's stock declined by 1.03% to close at $23.11, with intraday trading between a high of $24.00 and a low of $23.10, remaining within its 52-week range of $19.93 to $35.81 [2] - The company reported third-quarter revenue of $821 million, missing estimates and down 4.5% year-over-year, while adjusted earnings of 24 cents exceeded expectations [3] - Hardware and software sales decreased, but collectibles sales increased, and operating income improved to $41.3 million from a loss in the previous year [3] - GameStop ended the quarter with $8.8 billion in cash and securities, including $519.4 million in Bitcoin, and did not hold an earnings call [3] JPMorgan Chase & Co. (NYSE:JPM) - JPMorgan's shares fell by 4.67% to $300.51, with intraday trading between a high of $318.80 and a low of $300.02, remaining below its recent 52-week high of $322.25 [4] - Investors are analyzing how the upcoming rate decision could influence the bank's growth phase, particularly regarding net interest margins and fee-driven businesses [5] AeroVironment - AeroVironment's stock eased by 0.37% to finish at $281.42, with intraday trading between a high of $291.50 and a low of $278.50, significantly above its 52-week low of $102.25 [6] - The company reported second-quarter revenue of $472.5 million, surpassing estimates, but adjusted EPS was 44 cents, below the expected 78 cents [7] - AeroVironment lowered its fiscal 2026 EPS outlook while slightly raising revenue guidance, leading to a decline in shares during extended trading [7] GE Vernova Inc. (NYSE:GEV) - GE Vernova's shares increased by 0.55% to close at $625.30, with intraday trading between $636.88 and $613.20, close to the upper end of its 52-week range of $252.25 to $677.29 [8] - The stock was positively influenced by a multi-year investor update, where the company doubled its dividend and set ambitious revenue targets through 2028 [9] - GE Vernova's 2025 revenue outlook is projected at $36–$37 billion, with 2026 guidance of $41–$42 billion, and an expected 2028 revenue of $52 billion, up from a previous forecast of $45 billion [10] - The company reported 18 GW of gas turbine contracts this quarter and anticipates its backlog to grow from $135 billion to $200 billion by 2028, while raising its cumulative free cash flow outlook to at least $22 billion [10] Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) - Cracker Barrel's stock rose by 1.43% to end at $27, with intraday trading between a high of $28.21 and a low of $26.82, trading just above its 52-week low of $25.62 [11] - The company reported first-quarter revenue of $797.19 million and an adjusted loss of 74 cents per share, both missing expectations, with sales down 5.7% from last year [12][13] - Cracker Barrel reduced its fiscal 2026 revenue outlook to $3.2–$3.3 billion and declared a 25-cent quarterly dividend, while the CEO indicated ongoing operational changes to stabilize traffic and margins [12][13]

格隆汇12月10日｜摩根大通预计，明年支出将达到1050亿美元，高于市场预期的1011亿美元。该行消费 者和社区银行业务主管Marianne Lake预期，成本增长的最大主因是与业务量和增长相关的费用，策略 性投资和通胀的结构性后果亦是成本上升的原因。受此消息拖累，摩根大通周二收跌4.66%，报300.51 美元。 来源：格隆汇APP ...

本文源自：金融界AI电报 美国最大银行摩根大通(JPM.US)盘中跳水，一度放量大跌近5%，创下自10月中旬以来的最大单日盘中 跌幅，最终收跌4.66%报300.51美元。 消息面上，摩根大通的高管周二表示，预计明年支出将达到1050 亿美元，这一指引高于分析师给出的最高预期，也超过了1011亿美元的平均预期。如果支出约为1050亿 美元，将比分析师目前对2025年费用的预期高出约9%。今年前9个月，摩根大通的非利息支出同比增长 4%。她预计，成本增长的最大推动因素是"与业务规模和增长相关的支出"。她同时指出，当前的消费 者环境"略显脆弱"，战略性投资以及"通胀带来的结构性影响"也是重要原因。 ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 特朗普突然释放重磅信号。 美国总统特朗普在最新访谈中明确表示，支持立即大幅降息将成为其选择新任美联储主席的关键标准。有分析 指出，这一表态凸显了特朗普对货币政策的干预意图，可能加剧白宫与美联储之间的紧张关系。 在美联储公布利率决议前夕，隔夜美股市场窄幅震荡，三大指数收盘涨跌不一。其中，华尔街巨头摩根大通股 价盘中大幅跳水，暴跌超4%，拖累道指走低、由涨转跌。 消息面上，摩根大通高管警告2026年支出将大幅 增加，投资者担忧其业绩增速或将放缓。 特朗普最新发声 当地时间12月9日，美国政治新闻网站Politico报道，特朗普明确表示，支持大幅降息将成为他挑选下一任美 联储主席的决定性因素。 在最新的采访中，当被问及是否将支持大幅降息作为美联储主席提名人选的考察标准时，特朗普明确回应 称："是的。" 报道称，这一表态打破了历届总统在美联储人事任命上保持相对克制的传统，可能对美联储的独立性构成挑 战。 美联储主席的任命将直接影响未来数年的货币政策走向。特朗普对降息的明确偏好，可能促使其选择倾向于宽 松货币政策的候选人，这与市 ...

Core Viewpoint - Cowen & Co. maintains a "Buy" rating for JPMorgan, indicating confidence in the company's stock performance and future prospects [1] Company Overview - JPMorgan Chase & Co. is a leading global financial services firm, providing a wide range of services including investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management [1] - The company competes with major banks such as Bank of America and Citigroup, highlighting its significant position in the financial services industry [1] Recent Developments - JPMorgan participated in the Goldman Sachs 2025 U.S. Financial Services Conference, where it shared insights on its strategies and financial outlook, reinforcing its position in the industry [2] - The current stock price of JPMorgan is $302.78, showing a slight increase from Cowen & Co.'s announcement, but it has experienced a decrease of 3.94%, equating to a drop of $12.43 [3] Stock Performance - Over the past year, JPMorgan's stock has fluctuated significantly, reaching a high of $322.25 and a low of $202.16, which is typical for the financial sector [4] - The company's market capitalization is approximately $824.25 billion, indicating its substantial presence in the industry [4] Trading Activity - Today's trading volume for JPMorgan is 12,134,366 shares on the New York Stock Exchange, reflecting strong investor interest and engagement with the stock [5]