Category: JPMorgan
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JPMorgan joins the 50 basis point cut call
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JPMorgan CEO Jamie Dimon recently reiterated his belief that inflation is still a problem, but his economic team disagrees. They have now joined Citigroup in calling for consecutive 50 basis point rate cuts in September and November to kick off a rate-cutting cycle. “We now believe that the FOMC will…
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JPMorgan cuts Booking Holdings shares target, cites slower bookings growth By Investing.com
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On Friday, JPMorgan Chase revised its price target on Booking Holdings Inc. (NASDAQ:BKNG) shares to $3,860, down from $4,025, while maintaining an “overweight” rating on the stock. The company’s analysis cited a mix of results from the company’s second-quarter performance and future expectations. Booking Holdings reported a 7% year-over-year increase…
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JPMorgan cuts Booking Holdings shares target, cites slower bookings growth By Investing.com
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On Friday, JPMorgan Chase revised its price target on Booking Holdings Inc. (NASDAQ:BKNG) shares to $3,860, down from $4,025, while maintaining an “overweight” rating on the stock. The company’s analysis cited a mix of results from the company’s second-quarter performance and future expectations. Booking Holdings reported a 7% year-over-year increase…
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As investors eye US presidential race, JPMorgan exec says focus should be on policies By Reuters
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Written by Divya Chaudhary and Mahnaz Yasmin U.S. stock markets will remain volatile ahead of November’s presidential election, but the candidates’ policies should take priority over responding to “inflammatory” rhetoric from their political parties, JPMorgan’s chief investment officer said Tuesday. “There’s a Republican trade and there’s a Democrat trade,” Richard…
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It is ‘too early’ to prefer Eurozone over the US: JPMorgan By Investing.com
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Analysts at JPMorgan said in a note to clients on Monday that they believe it is too early to favor euro zone stocks over U.S. stocks. Despite the notable performance of the MAG 7 index, which was primarily driven by MAG 7 stocks, the bank says the SPW index saw…
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These 3 overlooked areas of the stock market have ‘coiled spring’ upside, JPMorgan says
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iStock; Rebecca Zisser / P JPMorgan Asset Management says there are unrealized gains in three underbought areas of the stock market. These sectors include semiconductors, rail and parcels, and home improvement, according to the company. These investments could be great additions to a portfolio as earnings growth in AI stocks…
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The stage is set for 2 rate cuts this year, but investors need to be careful adding more exposure to the stock market, JPMorgan strategy chief says
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In this photo taken on May 22, 2020, a car drives past the Federal Reserve Bank building in Washington.Patrick Szymanski/AP Photo Recent data makes the Federal Reserve ready to cut interest rates twice this year, said David Kelly of JPMorgan Chase. The bank’s chief global strategist expects the Federal Reserve…
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Declining short interest is what makes S&P 500 vulnerable: JPMorgan By Investing.com
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JPMorgan warns that this could be at risk due to declining short interest in key ETFs such as SPY and QQQ. Analysts at the bank point out that this decline was “providing steady support for US stocks over the past year, helping to suppress volatility.” In simpler terms, fewer investors…
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Top U.S. regulators find shortcomings in living wills of JPMorgan, BofA, Goldman, Citi
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Editorial LewisTsePuiLung/iStock via Getty Images The Federal Reserve and the Federal Deposit Insurance Corp. said Friday they had identified deficiencies in JPMorgan Chase’s so-called living will plans (New York Stock Exchange: JPM), Goldman Sachs (New York Stock Exchange: A), American bank (New York Stock Exchange: PAC(Citigroup)New York Stock Exchange: CAccording…
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3 catalysts could spark a 10% sell-off in the stock market this summer, according to JPMorgan
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Leonardo Munoz/VIEWpress/Corbis via Getty Images The S&P 500 could fall by 10% during the summer months to 4,800 points, according to JP Morgan. The bank highlighted three catalysts that could lead to a decline. May’s jobs report may change the bearish narrative in the stock market. A 10% sell-off is…
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JPMorgan notes easing dollar long positions in May By Investing.com
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JPMorgan highlighted the shift in currency market dynamics, noting a decline in the value of the dollar in May after a period of large long positions at the end of April. The bank’s analysis indicated that currency-only hedge funds had a more modest stance on the dollar in April compared…
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JPMorgan shares their 2024 outlook By Investing.com
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As we head into the second half of 2024, investors are keenly looking to currency movements for indications of how the forex market will shape up over the next few months. In this context, JP Morgan issued its forecasts for the US dollar. The bank’s analysis addresses various economic forces…
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JPMorgan recommends defensive, commodity stocks ahead of rate cuts By Investing.com
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Strategists at JP Morgan believe investors should consider a shift toward defensive stocks and commodity stocks in anticipation of upcoming interest rate cuts by central banks. Historically, defenses have suffered when bond yields have been rising, but that phase may be ending, the Wall Street giant notes. Now, during the…
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Stocks aren’t attractive at the moment: JPMorgan By Investing.com
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JPMorgan Chase & Co.’s bank custodian. (NYSE:) on its notoriously bearish stance on the stock, advising clients that the stock does not represent an attractive investment opportunity at this time. The broker’s market strategists pointed to several factors that reinforce this perspective, including high equity valuations, tight credit spreads, and…
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Jamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’
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Breadcrumb links BMN Business Jamie Dimon has often joked that his retirement will be five years away, no matter when he is asked. But not on Monday. Article writer: Bloomberg News Hannah Levitt Posted on May 20, 2024 • 3 minutes read You can save this article by registering for…
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America’s Largest Bank JPMorgan Chase Discloses Spot Bitcoin ETF Holdings: SEC Filing
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JPMorgan Chase, the largest bank in America open exposure to Bitcoin exchange-traded funds (ETFs) in a newly filed document with the Securities and Exchange Commission (SEC) today. Phoenix Trading An SEC filing by JPMorgan Chase provides specific insights into the bank’s exposure to Bitcoin exchange-traded funds. The bank currently has…
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America’s Largest Bank JPMorgan Chase Discloses Spot Bitcoin ETF Holdings: SEC Filing
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JPMorgan Chase, the largest bank in America open exposure to Bitcoin exchange-traded funds (ETFs) in a newly filed document with the Securities and Exchange Commission (SEC) today. Phoenix Trading An SEC filing by JPMorgan Chase provides specific insights into the bank’s exposure to Bitcoin exchange-traded funds. The bank currently has…