An order has been issued against JPMorgan (JPM) by the Commodity Futures Trading Commission (“CFTC”) to pay a $200-million civil monetary penalty for failing to capture billions of orders in its surveillance systems.The order also requires the bank to cease and desist from further violations of the CFTC’s supervision requirements, and comply with conditions and undertakings specified in the order.The order provides that the monetary penalty obligation will be offset by $100 million of any payment made pursu ...

As part of its efforts to augment its $3.6 trillion asset management division, JPMorgan (JPM) is contemplating acquiring a private credit firm. This was first reported by Bloomberg.Further, sources informed Bloomberg that earlier this year, JPMorgan had held discussions to acquire the Chicago-based Monroe Capital, but ultimately, both firms decided not to pursue the transaction. In February, it was reported that JPM is close to finalizing a partnership with FS Investments and Octagon Credit Investors. Howev ...

The stock market initially expected multiple rate cuts in 2024. However, as the year progressed, persistent inflation has led the Federal Reserve to reconsider its approach, deciding to maintain current rates with discussions of potential rate hikes gaining traction.JPMorgan CEO Jamie Dimon believes inflation is more persistent than anticipated and suggests that rate hikes could be necessary, labeling earlier predictions of rate cuts as overly optimistic.When asked about the possibility of predicting the nu ...

JPMorgan (JPM) is expected to pay $100 million to the U.S. Commodity Futures Trading Commission (“CFTC”) to settle claims related to trade reporting lapses. The news was reported by Reuters, citing a source with direct knowledge of the matter.Per the source, the Wall Street giant has also agreed to admit as part of the deal that it broke the agency’s rules.While the admission has not been reported previously, it would benefit the CFTC, which has been trying to pester firms to assume more accountability for ...

JPMorgan Chase is reportedly moving deeper into the uber-popular world of private credit.That’s according to a report Thursday (May 23) by Bloomberg News, which notes that the banking giant is hoping to bolster its $3.6 trillion asset management business.Sources tell Bloomberg that JPMorgan held discussions recently to purchase the Chicago-based Monroe Capital, though both sides ultimately decided to walk away. PYMNTS has contacted JPMorgan for comment but hasn’t yet gotten a reply.The report notes that JPM ...

JPMorgan Chase & Co CEO Jamie Dimon arrives for a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill September 22, 2022 in Washington, DC.JPMorgan Chase's chairman and CEO Jamie Dimon says the the U.S. economy could see a "hard landing."When asked by CNBC's Sri Jegarajah about the prospect of a hard landing, Dimon replied: "Could we actually see one? Of course, how could anyone who reads history say there's no chance?"The CEO was speaking at the JPMorgan Global China Summit in Shan ...

The latest trading session saw JPMorgan Chase & Co. (JPM) ending at $198.31, denoting a -0.61% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 0.27%. At the same time, the Dow lost 0.51%, and the tech-heavy Nasdaq lost 0.19%.Prior to today's trading, shares of the company had gained 3.84% over the past month. This has lagged the Finance sector's gain of 5.74% and the S&P 500's gain of 7.34% in that time.Market participants will be closely following the f ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that m ...

As we approach mid-2024, investors are eagerly searching for the best value stocks to buy. These are typically well-established companies with solid financials, strong brand recognition and a history of consistent dividend payments.Recent economic indicators suggest a favorable environment for value stocks, with a rebounding economy and the prospects of lower inflation. Moreover, savvy investors can look beyond traditional financial metrics such as innovation, market expansion, and management execution. By ...

One of Wall Street's most prominent CEOs seems to be casting an eye toward retirement. Jamie Dimon, who has led JPMorgan Chase (NYSE:JPM) since becoming CEO on Jan. 1, 2006, has indicated that he plans on stepping down in less than five years. While he hasn't named a specific date or even a year, speculation is already rising as to who will replace the man who has guided the investment bank through so much. So far, the prospect of a Jamie Dimon retirement hasn't impacted JMP stock, which is in the green tod ...