A Wall Street dealmaking bonanza in the third quarter helped boost profits at JPMorgan Chase (JPM) and Goldman Sachs (GS) as some of the country’s largest banks raked in higher revenues from investment banking and trading. JPMorgan posted net income of $14.4 billion, a 12% increase from the third quarter of last year and roughly…
The earnings reports from Wall Street’s biggest banks are poised to get even more scrutiny than usual this week, as the US government shutdown leaves investors desperate for a fresh read on the economy. With the impasse in Washington threatening to delay crucial data on US employment and more for a third week, market watchers…
The country’s biggest Wall Street banks are riding high into the third quarter reporting season. Analysts expect profits among six major banks to climb 6% from the third quarter of last year, according to Bloomberg data. “It’s been a good environment,” Barclays analyst Jason Goldberg said. Expectations will be put to the test starting Tuesday…
By Anna Szymanski LONDON (Reuters) -By Anna Szymanski, ROI Editor-in-Charge, and the ROI team Hello Morning Bid readers! Warnings about a stock market bubble grew louder this week, with the Bank of England, IMF and JPMorgan boss Jamie Dimon all expressing concern about the potential economic fallout if Wall Street were to suddenly stop defying…
Jamie Dimon, CEO of the world’s most valuable bank and architect of the “fortress balance sheet” that helped JPMorgan emerge unscathed from the 2008 financial crisis, believes investors are downplaying the risk of a major market correction—one that could slash stocks by about a third. With stock market valuations and concentration at record highs, some…
JPMorgan CEO Jamie Dimon is warning that the chances of a US stock market fall are far greater than many Wall Streeters believe. The head of America’s largest bank says he is “far more worried than others” about a stock market correction — widely defined as a drop of at least 10% — predicting that…
We recently published 9 Stocks on Jim Cramer’s Radar. JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks Jim Cramer recently discussed. JPMorgan Chase & Co. (NYSE:JPM) is another bank that Jim Cramer favors. As bank stocks have outperformed the S&P lately, the CNBC TV host has started to discuss them more often on…
However, as more chatbots and automated assistants take over the duties of human roles, there’s a growing cohort of executives who see shorter workweeks on the horizon—and Zoom CEO Eric Yuan can even see staffers only clocking in a few days a week. “I feel like if A.I. can make all of our lives better,…
My top 10 things to watch Monday, Sept. 15 1. President Donald Trump implied in a social media post this morning that a TikTok deal has been reached with China, and he plans to speak with Chinese President Xi Jinping this coming Friday. Trade officials from both countries were talking in Spain over the weekend….
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Monday and what’s on the radar for Tuesday’s session. Apple Apple hosts a key…