JPMorgan Chase is focused on succession planning and has a cadre of “extremely” qualified people who are prepared to run the bank eventually, CEO Jamie Dimon said Tuesday.Dimon and his team spend a lot of time thinking about what happens after he retires, Dimon said, without giving a timeframe.“We all want to get that exactly right,” he told pension funds and institutional investors at a conference in New York.JPMorgan CEO Jamie Dimon said he and his team spend a lot of time thinking about what happens afte ...

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.JPMorgan Chase CEO Jamie Dimon said Tuesday he wouldn't rule out stagflation, even with greater confidence recently that inflation is coming off its highs."I would say the worst outcome is stagflation — recession, higher inflation," Dimon said at a fall conference from the Council of Institutional Investors in Brooklyn, New York ...

ridham supriyanto/iStock Editorial via Getty Images Introduction I don’t think JPMorgan (NYSE:JPM) needs to be introduced to any investor. As a US-based financial conglomerate, the financial institution is a household name. While I also like the company from an earnings perspective, its dividend yield is currently pretty low at 2.1%. That’s why I focused on the bank’s preferred securities in previous articles as I still believe the combination of owning common stock for capital gains and preferred stock ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

The most recent trading session ended with JPMorgan Chase & Co. (JPM) standing at $219.33, reflecting a -0.44% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.16%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.3%.The the stock of company has risen by 9.96% in the past month, leading the Finance sector's gain of 6.28% and the S&P 500's gain of 3.64%.Analysts and investors alike will be keeping a close ey ...

The legal scrutiny of how banks and brokerages treat their customers during high interest rates intensifies as the phase is drawing to a close. Many large U.S. banks are accused of deceiving clients to make profits of billions of dollars.JPMorgan & Chase (JPM) , Raymond James (RJF) , Morgan Stanley (MS) , Wells Fargo (WFC) and a few other banks and brokerage firms were sued for transferring clients' idle funds into sweep accounts with near-zero interest rates.Cash sweep accounts are intended to convert idle ...

The Federal Reserve is expected to initiate an interest rate cut in September 2024, reflecting easing inflationary pressures.After aggressively raising rates over the past two years to combat high inflation, analysts’ projections indicate that the institution will likely reduce rates by 0.25%. Notably, a potential rate cut could significantly boost the stock market, benefiting companies poised to take advantage of a more accommodative monetary policy. Therefore, here are two stocks investors might consider ...

Shares of JPMorgan (JPM) , the largest American lender, have been performing remarkably well this year. The stock touched its two-year high of $219.19 during the last trading session and finally closed at $218.31, soaring 28.3% year to date. The JPM stock has handily outperformed the industry, the S&P 500 Index and its close peers – Bank of America (BAC) , Citigroup (C) and Wells Fargo (WFC) – in 2024.The recent jump in the shares of JPMorgan can be attributed to the statement by the Federal Reserve chairma ...

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All are useful tools to find what stocks to buy, what to sell, and what are today's hottest industries.The ...

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.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 measures ...