After more than two years of drought, investment banking (IB) seems to have recovered. Investors got the first official glimpse at how the IB business has been playing out across the industry on Wednesday, Sept. 25, when Jefferies (JEF) announced its quarterly results. This global investment bank posted IB revenues of $949 million for the third quarter of fiscal 2024, which surged 47% year over year. This was driven by robust advisory and underwriting businesses.Now, we are waiting for results from other ma ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points:Estimates for 2024 Q3 have come down since the start of the period, with the magnitude of estimate cuts significantly bigger than what we had seen in the comparable periods of the year's first two quarters. This negative shift in the revisions trend reverses the prior ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a ...

JPMorgan (JPM) intends to grow its corporate banking team across Asia next year to capitalize on increasing business prospects from intra-Asia trades, the innovation economy and payment services. This was stated by Oliver Brinkmann, Asia-Pacific co-head of global corporate banking at the company, in an interview with South China Morning Post.Details About JPM’s Strategic ExpansionBrinkmann said, “We aim to add 10 percent headcount to the corporate banking team across Asia next year.”The increased headcount ...

JPMorgan (JPM) , the nation’s largest bank in terms of total assets and branch network, continues to leverage its scale and market share to garner more business. The company, with a presence in almost all segments of financial services, is a banking behemoth.JPMorgan has set its sights on global expansion, with plans to grow its presence in Africa and the Asia Pacific regions. Also, in February, the company announced plans to open more than 500 branches and renovate roughly 1,700 locations by 2027. As of Ju ...

Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024.A year after Jamie Dimon named geopolitics as the world's biggest risk, JPMorgan Chase's CEO sounded the alarm again, warning that the state of global stability has gotten worse.During his visit to India, Dimon said in an exclusive interview with CNBC-TV18 released Tuesday: "My caution is all geopolitics, which may determine the ...

In the latest trading session, JPMorgan Chase & Co. (JPM) closed at $211.44, marking a +0.17% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.28%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.15%.Coming into today, shares of the company had lost 3.31% in the past month. In that same time, the Finance sector gained 3.08%, while the S&P 500 gained 2%.Market participants will be closely following the financial results of JPMorgan Chase & ...

JPMorgan (JPM) , which has long considered overseas markets as a key contributor to its growth, now seeks to expand in the African continent. Per a Reuters report, citing four sources familiar with the matter, the bank’s CEO, Jamie Dimon, will travel to Africa in mid-October.JPMorgan has already been offering asset and wealth management, and commercial and investment banking services in South Africa and Nigeria.During his trip next month to Africa, which will be the first in seven years, Dimon is expected t ...

The Federal Reserve granted the market its wish and lowered its benchmark federal funds rate by 50 basis points.For the first time in more than four years, the Federal Reserve has lowered the target range for its benchmark federal funds rate, announcing a half-point rate cut on Wednesday. Lower interest rates can serve as a shot of adrenaline for stocks, because lower treasury yields make riskier assets more appealing.Banks and other financial companies should benefit too, as long as there isn't a severe re ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points:Estimates for 2024 Q3 have come down since the start of the period, with the magnitude of estimate cuts significantly bigger than what we had seen in the comparable periods of the year's first two quarters. This negative shift in the revisions trend reverses the prior ...