Page 3 - Jpmorgan Chase & Co

Hoping for soft landing for US economy, stagflation possible: Jamie Dimon

JPMorgan Chase CEO Jamie Dimon says he's hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn't rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained cautious about the US economy and said inflation may be stickier for longer and that stagflation is on the list of possible things that could happen to the US economy. You should be worried about (the possibility of stagflation), Dimon said. Dimon did emphasise that he's still hopeful for the US economy to experience a soft landing, where growth slows but the economy avoids a recession even if inflation remains a little high, but he's not certain that is the most likely outcome. I'm just a little more dubious than others that a (soft landing) is a given, he said. The Fed rapidly raised interest rates in 2022 and 2023 after inflation reached the highest level in four decades. Fed officia

Morgan Stanley borrowing $8 bn in bank bond, after reporting higher revenue

Morgan Stanley's trading and wealth units' revenue cruised past analysts' estimates, following blowout earnings from peer Goldman Sachs Group Inc

TCS, Accenture, Cognizant lead LinkedIn's top large companies list

Tata Consultancy Services has topped the LinkedIn's latest list of top companies to work for in India, followed by Accenture and Cognizant in the second and third place respectively. Professional networking platform LinkedIn on Tuesday released the 2024 Top Companies list for India wherein IT companies bagged the top three ranks, while financial services firms dominated the list with 9 out of 25 companies from this sector. The 8th edition has derived insights from LinkedIn data, and lists the top 25 large companies, 15 best mid-size companies, and provides insights on in-demand skills, top locations, and the largest job functions within these companies. Amongst large companies (500+ employees in India), Tata Consultancy Services retained its top spot this year, followed by Accenture and Cognizant. Continuing the trend from last year, financial services dominated the 2024 list with 9 out of 25 companies from this sector including Macquarie Group (4th place), Morgan Stanley (5th), an

Vedanta Group mandates JPMorgan to arrange $300 million India bond

A Vedanta spokesperson said the group continues to exercise refinancing and capital-raising activities from diverse sources as it seeks to improve its debt and cash profile

JPMorgan says CEO transition is top priority, cites potential successors

The board is 'spending significant time on developing operating committee members who are well-known to shareholders as strong potential CEO candidates,' it said in a proxy statement

HSBC helps overseas funds navigate India's bond market as inclusion nears

Investors have cited several obstacles to obtaining an onshore permit in India, including heavy documentation process, margin requirements for trading, barriers to freely move money out of the country

Ather Energy picks HSBC, JPMorgan, Nomura, Indian banks to arrange its IPO

Tarun Mehta and Swapnil Jain founded Ather in 2013 after graduating from the Indian Institute of Technology Madras

FPIs investment in debt market over 6-year high at Rs 19,800 cr in January

Foreign Portfolio Investors (FPIs) have injected over Rs 19,800 crore in the country's debt market in January, making it the highest monthly inflow in more than six years, on the back of inclusion of Indian government bonds in the JP Morgan Index. On the other hand, they pulled out Indian equities worth Rs 25,743 crore last month owing to surging bond yield in the US. According to the data with the depositories, FPIs made a net investment of Rs 19,836 crore in the debt markets in January. This was the highest inflow since June 2017, when they infused Rs 25,685 crore. Before this, FPIs injected Rs 18,302 crore in the debt market in December, Rs 14,860 crore in November, and Rs 6,381 crore in October. "Indian fixed income markets witnessed robust net inflows from FPIs to the tune of USD 2.39 billion in January on the back of inclusion of Indian government bonds in the JP Morgan Index," Himanshu Srivastava, Associate Director- Manager Research, Morningstar Investment Research India, .

India's big yr for bonds starts with best Jan since 2019 on foreign inflows

The outlook for Indian debt has brightened amid hopes of foreign inflows of as much as $40 billion due to the index inclusion

India core to our products and services: JPMorgan Chase CIO Lori Beer

Even in terms of its technology investment, the US recessionary trend has not impacted it, she said. Its tech budgets over the period have only been increasing, Beer added

JPMorgan profit rises on interest income boost, First Republic purchase

Shares of the bank fell 0.7% in premarket trading

Citi India sees $22 billion in equity capital deals in 2023, says CEO

"Given the interest in India as a market, at some point people will look at both organic and inorganic way to come into the market," Khullar said

FTSE Russell bond index not to include India, wk after JPMorgan's inclusion

Indian government bonds and the local currency took the news in their stride.

BNP Paribas upbeat on India bonds after JPMorgan inclusion, sees 10-yr high

"The muted reaction currently is due to weak global risk appetite," Sambor, who said inflows could rise if India becomes a part of other global indices

'America's natural ally': Five things JPMorgan chief Dimon said about India

Jamie Dimon said that given the changes in the global dynamics, war in Ukraine and the USA's tensions with China, India will be its 'best ally' for the next 100 years

Nomura retains negative view on rupee despite JPMorgan index inclusion

Actual inflows may be smaller with some real money managers that they tracked already invested about 2%-3% on average, the brokerage said

JPMorgan M&A head Aiyengar sees up to $150 billion funds focused on India

The New York-based banker pointed to India's fast-rising GDP among the attributes that make it so attractive

India bonds finally at global high table with JPMorgan index inclusion

The decision sets the stage for billions of dollars of inflows just when the bond market is straining under record government borrowings

Bond flows may hit $50 bn if other indexes follow: ICICI bank official

Earlier in the day, JPMorgan said it would include India in its global emerging market bond indices over 10 months starting June 2024, triggering close to $24 billion in flows.

What would India's inclusion in JPMorgan's bond index mean for its markets?

Currently, 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion are index eligible, JPMorgan said