(Bloomberg) — JPMorgan Chase & Co.’s equity strategy team, led for years by Marko Kolanovic until his departure earlier in 2024, has turned positive on US stocks. Most Read from Bloomberg Under Kolanovic, who had been bearish since late 2022 and whose exit JPMorgan announced in July, the bank kept its target for the S&P…
Elaine Silverberg, a 73-year-old widow, has been fighting JPMorgan Chase for 13 years over their refusal to pay her late husband’s estimated $331 monthly pension. When her husband Melvyn Silverberg passed away suddenly in 1988 at age 43 from multiple organ failure, Elaine was just 37 and left to raise three children on her own….
Bank stocks popped after former President Donald Trump secured a second term in the White House. The financial select sector SPDR fund (XLF) rose more than 6% in intraday trading on Wednesday, with names like JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), and Goldman Sachs (GS) gaining. KBW managing director David Konrad…
Donald Trump is headed back to the White House. Investors believe that’s much better news for some sectors of the U.S. economy than others—and the same goes for different parts of individual Americans’ stock portfolios. Some plays seem obvious. Trump has traditionally been viewed as positive for banks and fossil fuel companies but a scourge…
The stock market has surged to record highs since Kamala Harris entered the presidential race in July. Will the good vibes continue if she wins the White House? The answer might differ sector-by-sector. Fortune surveyed analysts and academics about what stocks could rally on a Harris victory, as well as what companies might see their…
If Donald Trump wins next week’s election and returns to the Oval Office in January, it will have direct consequences for U.S. business and the economy—and by extension for individual Americans’ stock portfolio. This means it’s a good time for investors to assess their holdings and to consider what sectors might thrive or suffer under…
STORY: Wall Street’s main indexes bounced back Wednesday, with the Dow notching its third record closing high in four days. The blue-chip index climbed eight-tenths of a percent, the S&P 500 added about half a percent and the Nasdaq gained nearly three-tenths of a percent. Financial stocks led the way, with Morgan Stanley jumping 6.5%…
Reasonable quarter out of JPMorgan (JPM) this morning. Read more from our banking reporter David Hollerith. I hopped on JPM’s earnings media call and asked CFO Jeremy Barnum his views on housing post Fed rate cut. All in all, it didn’t sound like a housing boom was taking shape with lower rates — but activity…
STORY: Shares of big banks helped boost the Dow and S&P 500 to fresh record highs on Friday, while the latest inflation data supported expectations the Federal Reserve would cut interest rates again in November. The Dow climbed about 1%, the S&P added six-tenths of a percent and the Nasdaq rose a third of a…
In Friday’s trading session, the Dow Jones Industrial Average soared nearly 300 points, or 0.7%, while the S&P 500 reached a new peak, marking its fifth consecutive week of gains. These gains are linked to strong third-quarter earnings from major banks, which have eased concerns about inflation. The S&P 500 itself rose by 0.5%, hitting…