摩根大通跌超2%，美国银行跌约1.8%。消息面上，特朗普周二表示，摩根大通和美国银行此前拒绝为 他提供服务，这再次引发了关于保守派客户被不公平拒绝开户的说法。尽管特朗普提到了自己的业务 （可能指其房地产和酒店集团），但目前尚不清楚这件事涉及的是个人账户、企业账户，还是两者皆 有。对此，摩根大通否认针对保守派或特朗普支持者进行 "销户" 操作。 ...

Launched on November 1, 2011, the Invesco KBW Bank ETF (KBWB) is a passively managed exchange traded fund designed to provide a broad exposure to the Financials - Banking segment of the equity market.While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad ...

以下文章来源于摩根大通JPMorgan ，作者摩根大通 摩根大通JPMorgan . 摩根大通集团是一家全球领先的金融服务公司，在投资银行、消费者和小型企业金融服务、商业银行服 务、金融交易处理、资产管理等领域享有领先地位。 2025 年 8 月 5 日，上海 ——作为摩根大通企业竞跑赛全球 16 个赛事举办地之一，上海站赛事将于 11 月 20 日热力开跑。 今年，摩根大通企业竞跑赛将延续其支持赛事举办地慈善事业的悠久传统。 2025 年的慈善捐赠受 益机构将于开赛前公布。 现在即可点击 阅读原文 报名参加 202 5 年摩根大通企业竞跑赛上海赛事。 摩根大通企业竞跑赛仅 面向企业及其员工开放。参与企业所属行业、公司规模以及选手竞技水平均不设限。每个公司参赛选 手最少为四人。注册将于 10 月 14 日或报名额满时结束（以先发生者为准）。竞跑赛更多信息详见 www.jpmorganchasecc.com 。 这项 5.6 公里路跑赛是全球最大规模的企业竞跑赛事之一，上海站比赛的起点和终点均设在浦发银 行东方体育中心。赛后还将举办联谊活动，让参赛者们在美食 佳饮中互相交流、共庆佳绩。 摩根大通中国区联席首席执 ...

Global Macro Research July 28th, 2025 Global Macro Outlook and Strategy Global Rates, Commodities, Currencies and Emerging Markets Luis Oganes AC (44-20) 7742-1420 luis.oganes@jpmorgan.com J.P. Morgan Securities plc See the end pages of this presentation for analyst certification and important disclosures. {[{xTcfaSlj-ZSQMv-ljRpIMxvnV4Hvzpq0m2y4UWxbhza8RsCuHxXXMw}]} Overall summary US Rates We hold tactical 5s20s steepeners ahead of refunding. We think Treasury will increase coupon auction size increases in ...

Siddharth Jamad (65) 6807-5503 siddharth.jamad@jpmorgan.com JPMorgan Chase Bank, N.A., Singapore Branch Asia Pacific Economic Research J P M O R G A N 01 August 2025 Asia Focus: Export prices & Asia's coming discontent In the immediate aftermath of the COVID-19 pandemic, resurgent demand combined with supply chain disruptions to boost Asian export prices and, in turn, global core goods inflation. As these bottlenecks faded and demand and supply came into better balance, Asian export price inflation also eas ...

The Communist Party of China (CPC) held its politburo meeting on July 30, the most important economic policy meeting in the middle of each year. This year's meeting (link) focuses on two issues: policy guidance in 2H (as usual) and the decision to hold 4th Plenary Session of the 20th Party Congress in October to discuss the15th Five Year Plan (2026-2030). Policy takeaways for 2H25: A shift towards structural rebalancing J P M O R G A N Asia Pacific Economic Research 30 July 2025 China: Our takeaways from th ...

Investment Rating - The report maintains an "In-Line" investment rating for the industry, with a cautious view on midcap banks and a positive outlook for large cap banks [5][3]. Core Insights - The regulatory landscape for US banks is expected to undergo significant changes, with proposals for lower capital requirements likely to double excess capital and risk-weighted asset (RWA) capacity at large cap banks [1][4]. - The Federal Reserve is moving quickly on regulatory reforms, with a broad consensus anticipated on many proposals, including stress test transparency and GSIB surcharge adjustments [3][4]. - The expected increase in excess capital for large cap banks is projected to rise from $118 billion in Q2 2025 to $228 billion following the implementation of new regulations [7][9]. Summary by Sections Regulatory Changes - Key changes anticipated over the next year include lower stress capital buffers (SCBs) from the 2025 stress test, enhanced stress test transparency, and reforms to the GSIB surcharge and supplementary leverage ratio (SLR) [7][10]. - The Basel III Endgame finalization is expected to provide clarity for banks to optimize capital, supporting loan demand and capital markets activity [10][11]. Capital and RWA Capacity - Large cap banks currently have $118 billion of excess capital, which is expected to increase to $157 billion after a lower 2025 SCB, $172 billion post-SLR reform, and $228 billion post-GSIB surcharge reform [9][17]. - Incremental RWA capacity for large cap banks is projected to double from $0.9 trillion in Q2 2025 to $1.9 trillion following regulatory changes [9][19]. Earnings Impact - A sensitivity analysis indicates that optimizing excess capital could lead to a median increase of 24% in consensus 2026 earnings per share (EPS) across large cap banks, midcap banks, and consumer finance coverage [10][34]. - Regional banks are expected to benefit significantly from faster M&A approvals, which should enhance capital positions and growth opportunities [10][11]. Company-Specific Opportunities - Citigroup is projected to increase its excess capital from $16 billion to $31 billion post-GSIB surcharge reform, with significant buyback plans [32]. - Bank of America is expected to see its excess capital rise from $10 billion to $33 billion, with strong buyback potential and loan growth [32]. - JPMorgan Chase anticipates an increase in excess capital from $38 billion to $60 billion, benefiting from lower GSIB surcharges [32]. - Goldman Sachs is positioned to benefit from a rebound in capital markets, with expected buybacks of $17 billion in 2025 [32][33]. - Wells Fargo is projected to increase its excess capital from $13 billion to $34 billion, allowing for organic growth and share repurchases [32].

Uh futures are higher this morning up a little bit but maybe getting back half of Friday's uh drop. Treasury yields fell significantly to end the week. That was uh definitely eyeopening.Kelsey Barrows, fixed income portfolio manager at JP Morgan, manager at JP Morgan Asset Management, you were okay this week. I mean, you weren't you didn't lose any sleep. I'm reading your notes.you're like, you know, it there's there's some interesting things happening, but not um really not that earthshattering. You point ...

公告显示，朱海斌获委任为助理总裁（经济研究）后，将负责宏观经济及金融稳定的相关研究工作。 | (2) 香港金融管理局 | | | | | | 聯絡我們 Eng 商 | | --- | --- | --- | --- | --- | --- | --- | | 新聞與媒體 | 智醒消費者 | 數據、刊物與研究資料 | 監管資源 | 主要職能 | 關於我們 | | 21世纪经济报道记者孙永乐 近日，香港金融管理局（以下简称"金管局"，HKMA）宣布，财政司司长根据外汇基金咨询委员会辖下 管治委员会建议，批准委任朱海斌为助理总裁（经济研究），由2025年10月1日生效。 图/香港金管局宣布批准委任朱海斌为助理总裁（经济研究） 在加盟香港金管局之前，朱海斌担任摩根大通董事总经理、中国首席经济学家兼大中华区经济研究主 管。8月4日，21世纪经济报道记者从摩根大通内部人士处获悉，朱海斌已确认离职。 根据香港金管局最新发布的组织架构文件，助理总裁（经济研究）一职目前空缺，其上级为副总裁陈维 民，下设主管（经济研究）、主管（市场研究）岗位。 此前，2024年12月13日，香港金管局宣布，助理总裁（经济研究）张丽玲已因个人原因 ...

每经记者｜王琳 每经编辑｜程鹏 张喜威 袁东 ~~~文末有福利~~~ 标题点睛： 8月3日晚间，理想汽车官方微博发布《关于理想i8安全性碰撞测试的说明》：本次测试目的只是为了验证和提升理想i8的被动安全性能，并非针对其他任 何品牌进行产品质量评价，测试结果也不应被解读为对其他品牌产品质量的论断。测试所用东风柳汽乘龙品牌二手卡车仅作为移动式壁障物，我们无意、 也没有对其做出质量方面的引导性评价。对于测试过程导致东风柳汽乘龙品牌被意外卷入舆情争议，我们实属无心之举。理想i8对撞试验的测试方中国汽 研8月3日晚间发布声明函称，该测试项目仅验证理想i8车辆安全性，非标准车对车碰撞试验，不涉及其他品牌车辆的安全性能评价。 预计未来一周，陕川渝鄂等地高温持续，其中陕西南部、四川东部、重庆、湖北西部等地的部分地区日最高气温可达40～42℃，将接近或突破历史极值。 8月3日晚间，电影《731》官博发布定档海报：铭记历史，勿忘国耻！官博表示：9月18日电影《731》上映。 1 中俄"海上联合-2025"联合演习海上演练阶段全面展开 8月3日上午，参加中俄"海上联合-2025"联合演习的中俄海上舰艇编队，从某军港解缆起航，奔赴俄 ...