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JPMorganChase (NYSE:JPM) 2026 Investor Day Transcript
2026-02-23 22:32
JPMorganChase (NYSE:JPM) 2026 Investor Day February 23, 2026 04:30 PM ET Company ParticipantsChris Kotowski - Managing DirectorChris McGratty - Managing DirectorDoug Petno - Co-CEO of Commercial & Investment BankEbrahim Poonawala - Managing DirectorGerard Cassidy - Managing DirectorJamie Dimon - Chairman and CEOJeremy Barnum - CFOMarianne Lake - CEO of Consumer & Community BankingMary Callahan Erdoes - CEO of Asset & Wealth ManagementMatt O'Connor - Managing DirectorMikael Grubb - Head of Investor Relations ...
Wall Street Slumps as Tariff Hikes and Trade Uncertainty Rattle Investors
Stock Market News· 2026-02-23 22:07
Market Overview - U.S. equity markets experienced significant selling pressure on February 23rd, 2026, due to escalating global trade tensions and a Supreme Court ruling that limited the executive branch's authority to impose tariffs [1] - The major indexes opened lower and maintained a downward trend throughout the session, reflecting a "risk-off" sentiment across nearly all sectors [1] Major Index Performance - The Dow Jones Industrial Average (DJI) fell by 814.40 points, or 1.7%, closing at 48,804, primarily impacted by losses in financial and industrial sectors [2] - The S&P 500 (SPX) decreased by 1.0%, ending at 6,837, while the Nasdaq Composite (IXIC) dropped 1.1% to close at 22,627 [2] - The CBOE Volatility Index (VIX) remained elevated, indicating heightened market fear amid geopolitical instability [2] Corporate News and Market Movers - International Business Machines (IBM) saw a significant decline of 13.1% due to concerns over AI disruption and trade-related challenges [3] - American Express (AXP) dropped 7.2%, while Visa (V), JPMorgan Chase (JPM), and Goldman Sachs (GS) all experienced declines exceeding 3% [3] - In the healthcare sector, Novo Nordisk (NVO) faced a 15.85% drop in its ADRs, attributed to increased competition in the metabolic drug market [4] - E-commerce giants Amazon (AMZN) and Tesla (TSLA) also suffered losses due to tariff-related concerns, while Nvidia (NVDA) gained 0.9% ahead of its earnings report [4] Retail Sector Highlights - Domino's Pizza (DPZ) reported fourth-quarter earnings of $5.35 per share, slightly missing estimates, but achieved a revenue of $1.535 billion and same-store sales growth of 3.7%, resulting in a 6% stock increase [5] Post-Market Earnings and Upcoming Events - Bed Bath & Beyond (BBBY) reported an adjusted loss of $0.16 per share, better than the expected loss of $0.23, with revenue at $273.43 million and a cautiously optimistic outlook for 2026 [6] - Other companies reporting included ONEOK (OKE), Diamondback Energy (FANG), and Keysight Technologies (KEYS), with investors monitoring the impact of new tariffs on capital expenditure and supply chain costs [6] Upcoming Market Events - The Conference Board is set to release the February Consumer Confidence Index, expected to rise to 87.5 [7] - President Trump will deliver the State of the Union address, likely providing further insights into trade policy [7] - Nvidia's earnings report is anticipated, with analysts expecting a 70% year-over-year revenue growth, which could influence market direction [7] - The January Producer Price Index (PPI) will be released, a key metric for the Federal Reserve regarding potential interest rate cuts [7]
Dime Community Bank to Rebrand as Dime Commercial Bank Company to Transfer Listing of Its Securities to New York Stock Exchange
Globenewswire· 2026-02-23 22:04
HAUPPAUGE, N.Y., Feb. 23, 2026 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) today announced that, subject to shareholder approval, it will change its name to “Dime Commercial Bancshares, Inc.”. The Bank’s name will change to “Dime Commercial Bank”. These changes will be effective soon after the Annual Shareholder Meeting (May 28, 2026), where there will be a vote to approve the Company’s name change. The Company is also ...
摩根大通首席财务官:预计今年科技支出将增长10%,达到198亿美元。
Xin Lang Cai Jing· 2026-02-23 21:57
摩根大通首席财务官:预计今年科技支出将增长10%,达到198亿美元。 来源:滚动播报 ...
Citi signs deal to sell 24% equity stake in Banamex
Reuters· 2026-02-23 21:48
Core Viewpoint - Citigroup has agreed to sell a 24% equity stake in Banamex for approximately $2.5 billion, reducing its ownership in the Mexican unit to 49% after the transaction is completed this year [1]. Group 1: Transaction Details - The sale involves a group of institutional investors and family offices, including General Atlantic, Sura, Banco BTG Pactual, Chubb, Blackstone, Liberty Strategic Capital, and Qatar Investment Authority [1]. - The expected completion of the sale is within the current year [1]. Group 2: Financial Implications - The transaction is valued at around $2.5 billion, indicating a significant financial move for Citigroup [1]. - Post-sale, Citigroup's stake in Banamex will decrease from 73% to 49% [1].
JPMorganChase (NYSE:JPM) 2026 Earnings Call Presentation
2026-02-23 21:30
We have a proven operating model that is supported by a consistent strategic framework Exceptional client franchises Long-term shareholder value Complete Global Diversified At Scale Unwavering principles Sustainable business practices ⚫ Investing in and supporting our communities 1 ⚫ Customer centric and easy to do business with ⚫ Comprehensive set of products and services ⚫ Focus on safety and security ⚫ Powerful brands ⚫ Continuously investing in the future, while maintaining expense discipline ⚫ Focus on ...
IDFC shares slump 16% on Rs 590cr fraud
The Times Of India· 2026-02-23 21:29
On a conference call, the bank's CEO V Vaidyanathan said the bank has appointed KPMG for a forensic audit and holds employee-fraud cover of up to Rs 35 crore. Officials said forged cheques cleared at the branch triggered the fraud. "This is a specific isolated incident that happened in one branch with one client group," Vaidyanathan said, adding it is confined to "a particular branch in Chandigarh and is confined to a limited set of Haryana govt-linked accounts."On the call, Vaidyanathan ruled out a digital ...
JPMorgan maintains 2026 expense outlook; ROTCE target at 17%
Reuters· 2026-02-23 21:25
JPMorgan maintains 2026 expense outlook; ROTCE target at 17% February 23, 20269:25 PM UTCUpdated ago By Reuters Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Business Hims & Hers forecasts 2026 revenue above estimates February 23, 2026 · 9:15 PM UTCHealthcare & Pharmaceuticalscategory · · ago JPMorgan Chase logo is seen in this illustration taken January 22, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab NE ...
Capital One Slips As Private Credit Jitters Spread
Benzinga· 2026-02-23 21:22
Capital One Financial Corp (NYSE:COF) shares are trading lower Monday afternoon as a wave of selling hit U.S. bank and asset-management shares on worries about private credit and AI-exposed lending.Here’s what investors need to know.Capital One Financial stock is feeling bearish pressure. Why is COF stock dropping?What’s Driving Monday’s Weakness?Although Capital One has very limited direct exposure to Blue Owl vehicles, the decision to sell a large portfolio at book value and accelerate cash back to invest ...
FinWise Bancorp Announces Agreement with Albert Corporation to Offer Millions of Americans Transparent, Affordable and Convenient Short-term Personal Loans
Globenewswire· 2026-02-23 21:15
Core Insights - FinWise Bancorp has entered into a strategic program agreement with fintech company Albert to provide customers with short-term lines of credit, enhancing financial accessibility and transparency [1][2][3] Company Overview - FinWise Bancorp is the parent company of FinWise Bank, focusing on banking and payments solutions for fintech brands, leveraging a scalable API-driven infrastructure [4] - Albert is a financial technology company that offers a suite of financial management tools, including personal financial assistance, checking and savings accounts, loans, and investment accounts [4] Partnership Details - The partnership aims to combine FinWise's banking capabilities with Albert's financial technology to deliver innovative financial products that benefit consumers [3] - Both companies share a vision of transforming the banking experience and improving financial decision-making for consumers [3] Strategic Goals - The collaboration is expected to enhance Albert's growth opportunities by providing regulatory expertise and a multi-product platform that includes lending, deposits, and payments [3][4] - FinWise's existing Strategic Program Lending business will support the partnership by addressing challenges in funding diversification and capital efficiency for fintech brands [4]