All articles tagged with #jp morgan
Jamie Dimon says Trump’s criticisms of Fed Chair Powell threaten Fed independence and could backfire by raising inflation expectations and future interest rates, as central banks rally to Powell; JP Morgan posts a 7% drop in Q4 profit to $13bn linked to a one-off Apple credit-card deal, while CFOs warn that a proposed 10% cap on credit-card interest could harm consumers and the wider economy.
Nvidia's stock rose 1.3% after a recent 6% dip, with J.P. Morgan viewing the decline as a buying opportunity and maintaining a $250 target, citing strong order pipelines and strategic options trading, amidst competitive pressures from Google's TPUs.
JP Morgan warned the US government in 2019 about over $1 billion in transactions linked to Jeffrey Epstein, some possibly related to human trafficking, involving prominent figures, but no charges have been filed against those named. The bank's alerts, filed during the Trump administration, highlight concerns about Epstein's financial activities and relationships with influential individuals.
J.P. Morgan downgraded Lithium Americas to Sell with a $5 target, citing a nearly 50% potential decline from recent prices after a 200% rally driven by China’s export restrictions on rare-earth minerals, and concerns over the company's valuation and limited sales.
JP Morgan has mandated employees at its new New York headquarters to share biometric data, such as fingerprints or eye scans, for building access, moving from a voluntary to a required process, aiming to enhance security amid increased safety concerns following recent violent incidents involving US corporations.
Jamie Dimon, CEO of JP Morgan, warns of a higher risk of a serious fall in US stocks within the next six months to two years, citing geopolitical risks, inflation concerns, and market overvaluation, especially in AI investments, while also commenting on global security and US economic policies.
Charlie Javice, founder of Frank, was sentenced to 7 years in prison for defrauding JP Morgan Chase by falsely inflating her company's customer numbers to secure a $175 million acquisition, resulting in a total restitution of nearly $310 million.
JP Morgan analysts report that demand for the new iPhone 17 appears stronger than the iPhone 16, based on delivery lead times in key markets, indicating potentially higher sales and interest in the latest model.
Nike's stock rose after J.P. Morgan upgraded it to Overweight, citing positive prospects for sales and margin improvements.
UnitedHealth's stock has declined 44% this year amid legal scrutiny over Medicare Advantage coding practices, with ongoing investigations and legal uncertainties. Despite this, J.P. Morgan analyst Lisa Gill remains optimistic, rating the stock as a buy with a 48% potential upside, supported by industry trends and upcoming earnings.
Jamie Dimon, CEO of JP Morgan Chase, defended the independence of the Federal Reserve amid ongoing criticism and pressure from President Trump to cut interest rates, emphasizing the importance of an autonomous central bank for economic stability. Despite Trump's public attacks and the possibility of replacing Fed Chair Jerome Powell, officials suggest Powell's position remains secure, highlighting the critical role of Fed independence in maintaining investor confidence and controlling inflation.
Super Micro Computer is facing challenges due to an auditing scandal and concerns over corporate governance, leading to a drop in its stock price. Despite these issues, J.P. Morgan analyst Samik Chatterjee maintains an underweight rating, noting positive aspects such as strong AI infrastructure demand and plans to expand production in Malaysia. The company aims to meet NASDAQ's financial report filing deadline to avoid delisting, while its stock has fallen significantly from its peak earlier this year.
JP Morgan analysts predict Bitcoin's price will continue to rise for the next eight weeks, driven by a "Trump trade" following a Republican win in the U.S. presidential election. Bitcoin, seen as a hedge against currency debasement and geopolitical tensions, has reached a new high of $76,615. The report suggests that Trump's policies, including tariffs and support for digital assets, could further boost Bitcoin's value.
JP Morgan Asset Management suggests that a Trump victory in the upcoming US election could lead to higher interest rates due to more expansionary fiscal policies, potentially resulting in trade wars and larger deficits. In contrast, a Harris win might maintain a slow economic growth with the Federal Reserve likely adhering to its current rate plans. Regardless of the election outcome, JP Morgan anticipates a 25 basis point rate cut in November.
J.P. Morgan Private Bank has released its 25th annual Summer Reading List, featuring 10 books curated to match the interests of its wealthy clients. The list includes titles on effective communication, artificial intelligence, Formula One, whiskey, and the art collection of Alicia Keys and Swizz Beatz. The list is created by surveying over 35,000 client advisors and employees globally, and it helps advisors connect with clients during the summer. This year's edition also highlights the charity Water.org and its book "The Worth of Water" by Gary White and Matt Damon.