Page 2 - Jp Morgan

JPMorgan bars incoming analysts from job-hopping in first 18 months

The move comes as Wall Street banks push back against private equity firms poaching junior talent through accelerated hiring cycles

JP Morgan turns bullish on emerging markets; India among top picks

JP Morgan on India: India, JP Morgan believes, remains 'trade-insulated' and is a safe haven amid trade war 2.0 besides being cyclically well-positioned

Singtel to sell 47.6 million Bharti Airtel shares worth $1 bn on Friday

The Singapore-based telco currently holds a 29.5 per cent cumulative stake in Bharti Airtel through direct and indirect shareholding in promoter entities

Meta, Oracle bosses sold billions in stocks before Trump's tariff crash

Mark Zuckerberg, Jamie Dimon, Safra Catz among top CEOs who sold billions in shares weeks before Trump's tariff move triggered a historic $6.6 trillion stock market wipeout

US lawmakers urge JPMorgan, BofA to withdraw from CATL IPO over CCP ties

JPMorgan Chase & Co. CEO Jamie Dimon and Bank of America CEO Brian Moynihan on Thursday received a letter from John Moolenaar, chairman of the United States House Select Committee on Chinese Communist Party (SCCCP), requesting that the banks drop their participation in Contemporary Amperex Technology Co., Limited's (CATL) impending Hong Kong IPO.The Department of Defense has classified CATL as a "Chinese military company" in accordance with Section 1260H of the National Defense Authorisation Act, according to a report by SCCCP.According to the letters, there is rising concern that JPMorgan and Bank of America's participation in the CATL IPO directly supports the Chinese Communist Party's continued violations of human rights and military buildup. SCCCP said that the Committee specifically points to CATL's involvement in the modernisation of China's submarine fleet with cutting-edge lithium-ion batteries and its connections to the Xinjiang Production and Construction Corps (XPCC),

Quantum experiment generated truly random numbers: JPMorgan Chase

JPMorgan has made a push in that field in the last six years, enticed by promising applications in finance, artificial intelligence, optimization, and cryptography

Axis Bank, JP Morgan roll out anytime dollar payments for clients

This is the first instance where an Indian company will have the flexibility to make or receive dollar payments at any time

Trump tariffs spark business uncertainty, says JPMorgan Chase's Jamie Dimon

JPMorgan Chase CEO Jamie Dimon's comments come as stock markets have been affected by changing tariff policies and investor confidence remains shaky amid trade tensions

Steep hike in cess to pay for higher pension costs darkens outlook for CIL

JP Morgan recently cut the per-share target price of the state-owned firm by almost Rs 35, largely on account of a 250 per cent increase in cess on each tonne of coal output

PD Singh to succeed Zarin Daruwala as Standard Chartered India CEO

The tenure would be effective April 1

FAR securities attract Rs 75k cr foreign inflows since JP Morgan inclusion

Foreign investors had net bought Rs 14,430 crore worth of FAR securities in January

JPMorgan chief Jamie Dimon praises former adversary Elon Musk: Report

"Elon and I have hugged it out," Dimon said, while praising Musk for running multiple high-profile companies such as Tesla, SpaceX and Neuralink.

JPMorgan posts record profits as major US banks thrive in final qtr of 2024

JPMorgan's net income soared 50 per cent to more than USD 14 billion in the fourth quarter as the bank's profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year. Earnings per share rose to USD 4.81 from USD 3.04 a year ago. The result beat Wall Street profit projections of USD 4.09 a share, according to the data firm FactSet. Total managed revenue hit USD 43.7 billion, up 10 per cent, from USD 39.9 billion a year ago. Wall Street was expecting revenue of USD 41.9 billion. JPMorgan posted a record USD 54 billion profit for the year, or USD 18.22 per share, adjusted for one-time expenses. Yet interest income fell 3 per cent to USD 23.5 billion, driven lower by lower interest rates. JPMorgan CEO Jamie Dimon said the bank got a boost from investment banking business, where fees rose 49 per cent and markets revenue jumped 21 per cent. The bank's consumer banking business also thrived, with clients opening nearly 2 million check

Sales dip at 60% of Mumbai's offline groceries as q-commerce grows: Study

More than 80% of such traditional businesses blame dark stores of quick commerce companies: JP Morgan survey

JP Morgan-backed ISG secures RBI approval to operate as payment aggregator

JP-Morgan-backed fintech company In-Solutions Global (ISG) has secured full authorisation as a payment aggregator under the Reserve Bank of India's regulatory framework. The approval further empowers ISG to streamline digital payments for merchants across various sectors, ensuring fast, secure, and reliable transactions while advancing financial inclusion, the fintech said in a release. The company currently processes over 28 billion transactions annually, serving more than 70 per cent of banks in India. Adelia Castelino, Managing Director, said: "It strengthens our position as a trusted partner, enabling us to power enterprises and SMBs with cutting-edge, scalable payment solutions." The company further said the licence complements ISG's growing portfolio, including its prepaid payment instrument (PPI) licence, enabling it to offer an integrated suite of payment solutions spanning online platforms, retail transactions, transit payments, and more. "This regulatory approval positio

JP Morgan sees no signs of stress across key Adani Group entities

Global brokerage gives 'overweight' rating to four Adani Group bonds, but sounds a note of caution on a bond issued by Adani Green Energy

JP Morgan gives 'overweight' rating to 4 Adani bonds on growth capability

US investment banker JP Morgan has given 'overweight' rating on four Adani group bonds, comforted by ability to scale and grow using internal cash flows which reduces the scope for credit stress. In a report, JP Morgan gave 'overweight' rating on three bond issues of Adani Ports & SEZ and one by Adani Electricity Mumbai Ltd (a subsidiary of Adani Energy Solutions Ltd). It has taken neutral stand on other five Adani bonds and is underweight on one bond issued by Adani Green Energy Ltd. JP Morgan gives three kinds of ratings for bonds - 'Overweight' rating which falls into a buy rating category; Neutral rating which falls into a hold rating category; and 'Underweight' which rating falls into a sell rating category. Under the risks section, it said that Adani bonds could do well than anticipated if there is a quick resolution of the US SEC and Department of Justice indictments of founder chairman Gautam Adani and key aides on bribery charges, successful refinancing of the upcoming ...

JPMorgan agrees to drop lawsuit against Tesla over stock warrants

The move to drop the lawsuit was announced in a one-page court filing by both companies in a Manhattan court

Swiggy Instamart wins quick commerce race with 8-minute delivery: JPMorgan

Swiggy Instamart surpassed its 6-minute delivery promise, achieving a median delivery time of just 8 minutes across the top four Indian cities, the fastest among its peers

UK based Vedanta Resources accepts $800 million in bids for dollar bonds

Citigroup, Barclays, Deutsche Bank, JPMorgan, and Standard Chartered Bank were the joint global coordinators and lead managers for Vedanta's dollar bond