摩根大通在2026年2月初发布开年市场展望，指出中国财政政策以温和托底为主，无大规模加税或地产 刺激计划；美联储缩表优先级提升，但降息路径不变；AI对就业的结构性冲击显现，但美国通过移民 调整缓解压力。同时，公司调查显示地缘政治以41%的占比成为市场波动首要诱因，AI以19%位居第 二。 股票近期走势 近7个交易日(2026年2月6日至12日)，摩根大通股价区间涨跌幅为0.22%，振幅达5.70%。截至2月12日最 新交易数据，股价报310.81美元，当日微跌0.01%，年初至今累计下跌3.11%。银行板块同期上涨 0.23%，表现略优于大盘。 经济观察网摩根大通于2026年2月12日发布2026年业绩指引，支出指引为1050亿美元，超出市场预期。 企业与投资银行业务预计成为主要增长动力，贷款和存款业务或保持稳健。根据机构预测，2026年第一 季度每股收益预计同比增长13.40%，净利润预计同比增长9.88%。 机构观点 机构对摩根大通的评级整体偏积极，2026年2月有29家机构发布观点，其中62%给予买入或增持评级， 无机构给出减持或卖出观点。目标均价为350.92美元，较当前股价有潜在上行空间。摩根大通在 ...

Core Insights - JPMorgan Chase has appointed Guy Halamish as Chief Operating Officer to lead the AI strategy across its commercial and investment banking division, reflecting the bank's commitment to modernizing its technology and improving efficiency through AI [1] Group 1: Leadership and Structure - Guy Halamish, an insider, has been appointed as COO to oversee data and AI strategy [1] - The new structure will have chief data and analytics officers for various sectors reporting jointly to Halamish and their respective business heads [1] Group 2: Focus Areas - The revamped team will concentrate on enhancing data quality, strengthening governance, preparing infrastructure for AI agents, and driving end-to-end transformation in areas such as credit and client onboarding [1] Group 3: Industry Context - There is a significant rush among banks and companies on Wall Street to deploy AI technologies, with increased investment pushing firms to modernize quickly and achieve tangible results [1] - JPMorgan has been expanding its data organization since 2023 as part of a broader initiative to maintain a competitive edge over its rivals [1]

Core Insights - Artificial intelligence (AI) is transitioning from a growth driver for technology stocks to a disruptor in traditional financial services, impacting market expectations for wealth management firms globally [1] - Major wealth management and brokerage stocks have experienced significant declines as investors assess the implications of new AI tools that automate tasks previously performed by human advisors [1] Stock Performance - The Charles Schwab Corp. (SCHW) has decreased by 10.9%, LPL Financial Holdings Inc. (LPLA) by 13.8%, and Raymond James Financial Inc. (RJF) by 8.8% in recent trading days [2] - Other firms such as Lazard and Stifel Financial have also seen declines of nearly 4% and 4.9%, respectively, while banks with substantial wealth management exposure, including JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo, have dropped more than 4% [2] Trigger for Stock Selloff - The stock market reaction was initiated by the launch of an AI-powered tax planning tool by U.S. fintech startup Altruist, which is integrated into its Hazel platform [3] - This tool can process client data to generate personalized tax strategies and financial insights that previously required extensive manual work from advisors [3] Investor Concerns - Investors view the AI tool as a potential threat to traditional revenue streams in wealth advisory, particularly in fee-based services like tax planning and portfolio strategy [4] - The ability to commoditize and scale complex financial advice rapidly raises concerns about the erosion of fee margins and business models for existing firms [4] Shift in Market Focus - The market's focus has shifted from beneficiaries of the AI boom to those who might be displaced by it, affecting asset management and private capital firms [5][6] - Executives from firms like Blackstone and Apollo Global Management have attempted to reassure stakeholders that AI is unlikely to undermine their businesses, but skepticism remains prevalent [6] Reassessment of Risks - The initial optimism surrounding AI is evolving into a reassessment of risks, as investors consider the potential for AI to compress margins and alter business models [7] - The recent selloff in wealth management stocks signifies a turning point in how investors perceive AI risk within financial services [8] Implications for Wealth Management - The declines in shares of firms like Schwab, LPL Financial, and Raymond James reflect fears that AI could diminish advisory fees and disrupt established operating models [8][9] - While it is too early to label AI as an existential threat to human-led wealth advice, the rapid advancement of tools like Altruist's Hazel platform necessitates a reevaluation of defensible areas within the value chain [10] - Success for incumbents will likely hinge on the effective integration of AI into client service, compliance, and portfolio construction, where trust and judgment remain essential [10]

It has been about a month since the last earnings report for JPMorgan Chase & Co. (JPM) . Shares have added about 1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is JPMorgan Chase & Co. due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for JPMorgan Chase & Co. before we dive into how investors and analysts have reacted as of late. ...

The S&P 500 might not be done climbing. Elyse Ausenbaugh, head of investment strategy at JPMorgan Wealth Management, doubled down on the bank’s S&P 500 target, forecasting a surge over 8,000 in a bullish 2026 scenario, a CNBC interview revealed. That marks an eye-catching four consecutive years of double-digit returns, a feat that has only happened four times in the past 100 years. For perspective, here’s a look at the S&P 500’s year-end closes over the past five years, along with the year-over-year ch ...

Morgan Stanley gave CEO Ted Pick an especially handsome raise last year. The executive's compensation package jumped from $34 million in his first year in the role to $45 million last year, a 32% increase. That comes on the heels of Morgan Stanley posting its strongest year ever in 2025, with earnings per share hitting all-time highs. Three quarters of Pick's bonus will be deferred over the next three years. All of that will come in equity, meaning if the stock continues to rise, the value of that compe ...

Core Insights - JPMorgan is the largest U.S. bank with a diversified franchise across various banking sectors, while Truist Financial is a regional bank focusing on digital banking and client experience [1][2] Group 1: JPMorgan's Position - JPMorgan's balance sheet is highly asset-sensitive, with net interest income (NII) projected to grow over 7% to $103 billion in 2026 despite lower rates [3][28] - The bank plans to open over 500 new branches by 2027 and expand its digital banking presence in the EU, including a launch in Germany by mid-2026 [4][28] - Strategic acquisitions, including a larger stake in Brazil's C6 Bank and the purchase of First Republic Bank, are part of JPMorgan's growth strategy [5][28] - The company expects card service net charge-off (NCO) rates to be around 3.4% due to favorable delinquency trends [5] Group 2: Truist Financial's Strategy - Truist is less sensitive to interest rate cycles and is focusing on strengthening its balance sheet and enhancing non-interest revenue sources post-insurance divestiture [6][29] - The bank announced a growth plan to open 100 new branches and renovate over 300 locations by 2030, while investing in its business banking ecosystem [7][29] - Truist anticipates NII growth of 3-4% in 2026, driven by low single-digit loan and deposit growth and improved earning asset mix [9][10] Group 3: Financial Performance and Valuation - Over the past year, JPMorgan shares gained 12.5%, while Truist shares increased by 16.3% [11] - JPMorgan's forward price-to-earnings (P/E) ratio is 14.42X, compared to Truist's 11.88X, indicating JPMorgan is more expensive [14][16] - JPMorgan's return on equity (ROE) stands at 17.16%, significantly higher than Truist's 9.03%, reflecting better efficiency in generating profits [19][29] Group 4: Growth Projections - The Zacks Consensus Estimate projects JPMorgan's revenue growth of 5.1% for 2026 and 3.1% for 2027, with earnings expected to rise by 5.1% and 7.6% respectively [21][24] - For Truist, revenue growth is estimated at 4.8% for 2026 and 4.2% for 2027, with earnings projected to increase by 13.4% and 12.3% respectively [24][29]

White House trade adviser Peter Navarro demands that JPMorgan CEO Jamie Dimon lower credit card interest rates. "James Dimon, lower your friggin' credit card interest rates. You are a criminal the way you charge the American people at 22, 25 and 30% and the president wants you to lower that," he said on Bloomberg Radio with Tom Keene. ...

格隆汇2月12日｜白宫正加大对摩根大通CEO戴蒙的施压，要求其对信用卡利率设定上限。这是特朗普 在推动解决民众负担能力问题过程中的最新诉求。白宫贸易顾问纳瓦罗周四在接受电台采访时直 言："詹姆斯·戴蒙，把你那该死的信用卡利率降下来。你对美国人民收取22%、25%、30%的利息，这 是强盗行径。总统要求你降息。在你做到之前，请免开尊口评论其他公共政策。"特朗普正推动将信用 卡利率设定为10%上限、为期一年的计划，但已遭到多家大型银行及信用卡发卡机构的强烈反对。戴蒙 上月警告，此举将为美国带来"经济灾难"，迫使众多贷款机构收紧消费者信贷额度。 ...

智通财经APP获悉，白宫正进一步加大对摩根大通(JPM.US)首席执行官戴蒙的施压，要求其下调信用卡 利率。这一表态源于美国总统特朗普在应对生活成本高企问题上的最新立场。 多位银行高管指出，如果实施利率封顶措施，信用记录较差的消费者将最先失去信用卡使用资格，被迫 转向成本更高、风险更大的替代性融资渠道，例如发薪日贷款等高息借贷。 尽管金融机构强烈反对，特朗普近期仍频繁向金融、住房及食品等多个行业提出降价或限价要求，力图 在11月中期选举前向选民展示其正在积极回应生活成本压力。多项民调显示，美国民众普遍将经济视为 当前最重要的议题，但对总统处理经济问题的表现评价不高，这也令共和党维持国会控制权面临更大挑 战。 白宫贸易顾问彼得·纳瓦罗周四在接受采访时公开点名批评称："戴蒙，把信用卡利率降下来。你以 22%、25%甚至30%的利率向美国民众收费，这种做法简直就是在伤害消费者，总统希望你降低这些利 率。"纳瓦罗还表示，在利率问题未得到解决前，戴蒙"最好不要再就其他公共政策发表评论"。 特朗普此前提出，希望将信用卡利率设定为为期一年的10%上限。这一主张已遭到多家大型银行及信用 卡发行机构的反对。戴蒙上月曾警告称，强 ...