Page 5 - Jpmorgan Chase & Co
After $5 trn rout, emerging markets seek turnaround signal from investors
The combined equity values of the 24 nations classified as emerging markets by MSCI Inc. has fallen $4 trillion since a peak in early 2021
 "After $5 trn rout, emerging markets seek turnaround signal from investors")
Asian companies to ramp up petrol exports to US as sky-high prices beckon
JPMorgan Chase & Co forecast this week that American gasoline could surge to as high as $6.20 a gallon by August
 "Asian companies to ramp up petrol exports to US as sky-high prices beckon")
JPMorgan shareholders reject special $52-mn payout to CEO Jamie Dimon
Only 31% of investors backed the bank's executive remuneration plan
 "JPMorgan shareholders reject special $52-mn payout to CEO Jamie Dimon")
Peloton stock plunges to record low after hopes for comeback dim
Peloton also signed a deal with JPMorgan Chase & Co. and Goldman Sachs Group Inc. to borrow $750 million in five-year term debt, underscoring its challenges
 "Peloton stock plunges to record low after hopes for comeback dim")
Loved by banks, bond trade worth Rs 2 trn faces scrutiny from RBI
Traders argue that the transactions are structured as so-called forward rate agreements, which are permitted by the RBI, allowing them to clear internal compliance checks
 "Loved by banks, bond trade worth Rs 2 trn faces scrutiny from RBI")
Citigroup's Q1 profit sinks 46% on loan loss provisions, dealmaking slump
Citi adds $1.9 bln of reserves for Ukraine crisis; investment banking revenue slumps on SPAC slowdown
 "Citigroup's Q1 profit sinks 46% on loan loss provisions, dealmaking slump")
JPMorgan's Q1 profit falls 42% on slowdown in deals, trading
The largest US lender, whose fortunes are often seen as a barometer of the health of the economy, posted a profit of $8.28 bn, or $2.63 per share, in the quarter ended March 31
 "JPMorgan's Q1 profit falls 42% on slowdown in deals, trading")
JPMorgan strategist says buy the dip as Omicron may accelerate Covid end
This might ultimately be a positive for risk markets because it could signal that the end of the pandemic is in sight
 "JPMorgan strategist says buy the dip as Omicron may accelerate Covid end")
JPMorgan sues Tesla for $162 mn related to warrants, Elon Musk tweets
JPMorgan demanded the due shares or cash, but Tesla has flagrantly ignored its clear contractual obligation to pay JPMorgan in full," the complaint said.
 "JPMorgan sues Tesla for $162 mn related to warrants, Elon Musk tweets")
US banks beat profit estimates on economic rebound, deals bonanza
JPMorgan Chase & Co, Citigroup, Wells Fargo & Co and Bank of America Corp reported a combined profit of $28.7 billion for the third quarter, beating analyst estimates
 "US banks beat profit estimates on economic rebound, deals bonanza")
JPMorgan edges closer to leaving pandemic behind, its earnings show
(Reuters) -JPMorgan Chase & Co beat analysts' profit estimates on Wednesday, thanks to record revenue in some investment banking businesses and a sunnier economic outlook that allowed the largest U.S. bank to release money it had set aside for potential loan losses during the coronavirus pandemic.
JPMorgan notches record quarter on merger flurry, $3-bn reserve release
JPMorgan released $3 billion in reserves it had previously set aside for bad loans, almost twice as much as analysts had predicted.
 "JPMorgan notches record quarter on merger flurry, $3-bn reserve release")
EU blocks Citi, 9 other banks from some bond sales over antitrust breaches
Banks including JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and Barclays Plc have been blocked from arranging individual syndicated transactions for the NextGenerationEU program by the
 "EU blocks Citi, 9 other banks from some bond sales over antitrust breaches")
Oyo Hotels seeks to raise $600 mn loan, offers generous terms to investors
Oyo's loan also features maintenance covenants, which are usually only included for companies that are considered risky by investors.
 "Oyo Hotels seeks to raise $600 mn loan, offers generous terms to investors")
Jamie Dimon succession race has two women ahead of pack at JP Morgan
Marianne Lake and Jennifer Piepszak have been named as co-heads of consumer and community banking business.
 "Jamie Dimon succession race has two women ahead of pack at JP Morgan")
Credit Suisse raises $2 billion as CEO Gottstein cuts hedge fund unit
Gottstein is battling to rescue his short tenure as chief executive officer after Credit Suisse was hit harder than any other competitor by the collapse of Archegos
 "Credit Suisse raises $2 billion as CEO Gottstein cuts hedge fund unit")
Citigroup needs a new strategy for its lagging Asian consumer banks
Citi has pan-Asian heft, garnering about 30% of its revenue in the region from ASEAN nations
 "Citigroup needs a new strategy for its lagging Asian consumer banks")
'Outstanding at what she does': India-born rakes in billions for JPMorgan
Advising companies on M&A is one of the prestige roles in investment banking, generating both huge fees and headlines when a deal comes together
 "'Outstanding at what she does': India-born rakes in billions for JPMorgan")
JPMorgan beats profit estimates as markets revival drives trading boom
JPMorgan also benefited as it set aside less reserve provisions, compared with the first two quarters of the year
Jack Ma's Ant seeks $200 billion value in landmark dual IPO: Report
Ant is planning to list on Shanghai's STAR market & Hong Kong
 "Jack Ma's Ant seeks $200 billion value in landmark dual IPO: Report")
