Jpmorgan

Bank of America's Q1 profit rises on trading boost; stock gains 1.9%

Rivals JPMorgan Chase and Goldman Sachs have also reported stronger performance from their trading businesses

JPMorgan CEO Dimon warns of recession & defaults, urges quick trade talks

JPMorgan's economists raised the risk of a US and global recession this year to 60 per cent from 40 per cent after Trump unveiled the trade barriers

JPMorgan CEO Dimon warns tariffs could slow US growth, fuel inflation

Jamie Dimon expressed concerns about how the tariffs would impact America's long-term economic alliances

Trump's reciprocal tariffs to push US economy into recession: JPMorgan

JPMorgan's forecast came alongside similar changes from other banks, which have been slashing projections for US growth this year since the tariff announcement

Charlie Javice convicted of defrauding JPMorgan in $175 mn sale of startup

Charlie Javice, the charismatic founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid, was convicted on Friday of defrauding one of the largest US banks, JPMorgan Chase, out of USD 175 million by exaggerating her customer base by 10 times. A jury in New York City returned its verdict after a five-week trial. Javice, 32, faces the possibility of a lengthy prison term. Javice was in her mid-20s when she founded Frank, a company with software that promised to simplify the process of filling out the Free Application for Federal Student Aid, a complex government form used by students to apply for aid for college or graduate school. The company promoted itself as a way for financially needy students to obtain more aid faster, in return for a few hundred dollars in fees. Javice appeared regularly on cable news programs to boost Frank's profile, once appearing on Forbes' 30 Under 30 list before JPMorgan bought the startup in ...

Ukraine peace deal to give modest lift to currencies, predicts JPMorgan

JPMorgan added that it was keeping a neutral or "market weight" stance on Ukraine's government bonds until there was more clarity on the details of a peace deal

Gold rush: Why JPMorgan, HSBC are pulling bullion from Bank of England

Donald Trump's tariff threats spark huge gold rush from London to New York as prices surge 11% in the US

'No chance for remote flexibility': JPMorgan CEO junks hybrid work requests

JPMorgan's leadership is pushing for increased efficiency, with Jamie Dimon instructing departments to achieve 10% productivity improvements

JPMorgan Chase begins one of several planned layoffs for 2025: Report

The layoffs are a part of the "regular management of the business", a spokesperson said, adding that the bank still has 14,000 open positions

Analysts eye up to 53% upside in Vedanta share after Q3; CLSA ups target

The main drivers for Vedanta's positive outlook cited by analysts include strong performance in the aluminium, zinc, and oil segments, cost management efforts, and the ongoing capex plans

JPMorgan's Sippel departs for Rokos; Pranav Thakur named markets chief

At JPMorgan, Thakur will take on his expanded role immediately, according to the bank's memo from commercial and investment bank co-heads Troy Rohrbaugh and Doug Petno

JPMorgan names Nitin Maheshwari, Ravi Shankar as co-heads of India bank

Newly-appointed co-heads of investment banking for India will report to Paul Uren, head of investment banking for Asia Pacific, and to Kaustubh Kulkarni, senior country officer for JPMorgan in India

Apple may replace Goldman with Barclays, Synchrony for credit card deal

Negotiations between Apple and Barclays have been ongoing for several months, but it may still take months to strike a deal

JPMorgan maintains 'Underweight' rating on Adani Wilmar; share tanks 8%

The sharp decline was triggered by reports revealing that JPMorgan, the New York-based financial giant, maintained its 'Underweight' rating on the stock for a target price of Rs 320

Abbott India share rises 3% as JPMorgan ups target to Rs 31,500; details

The surge in Abbott India share price followed reports that JPMorgan, a New York-based financial services firm, raised its target price to Rs 31,500, up from Rs 30,000, signaling an upside of 12%

StanChart names ex-JPMorgan chief PD Singh as India, South Asia CEO nominee

If approved, P D Singh will succeed Zarin Daruwala, who is set to retire on April 1, 2025, after nearly a decade in the role

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 ...

MAS fines JPMorgan $1.8 mn over misconduct by relationship managers

MAS said in a statement that JPMorgan Chase did not have adequate processes and controls to ensure that relationship managers adhered to pre-agreed spreads with clients

Work 3.5 days a week? JPMorgan CEO says AI will make it a reality

JPMorgan CEO Jamie Dimon sees AI reshaping work-life balance, cutting workweeks to 3.5 days

Reliance's refining margins recover but retail remains uncertain: JPMorgan

One of the two drivers of Reliance Industries Ltd's recent underperformance - weak refining margin - has reversed but the other, poor-retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report. Reliance stock is down 22 per cent from its peak on July 8 (NIFTY down 3.3 per cent), sharply reversing outperformance from earlier in the year. In a market where most stocks are trading well above historical valuations, Reliance's fair relative valuations are an attraction. The company helmed by billionaire Mukesh Ambani has three main business verticals - oil refining and petrochemical business housed in oil-to-chemical (O2C) unit, telecom arm Jio and retail. It also has a media unit and a new energy business. Reliance Retail plus Telecom now account for about 50 per cent of total 2023-24 (FY24) consolidated EBITDA. These, JP Morgan estimates, will account for almost all of net EBITDA growth over the next three years. With an EBITDA run-rate of USD 20 billion