JPM
NEW YORK STOCK EXCHANGE, INC. · Banking
JPMorgan Chase & Co
$297.81
-2.10 (-0.70%)
JPM News30 articles
Dow Holds Steady at 49,700 as Inflation Data Rattles Tech and Rate Outlook
The Dow ended nearly unchanged at 49,700.29, but the S&P 500 dropped 0.54% and the Nasdaq fell 1.37% after April CPI surged 3.8%, driven by energy costs.
Honeywell's Quantinuum Files for IPO, Targeting $10B Valuation in Quantum Push
Quantinuum, majority-owned by Honeywell, filed for a U.S. IPO on Nasdaq under 'QNT', with 2025 net revenue of $30.9 million and a net loss of $192.6 million.
XRP at Crossroads as Senate Bill Looms and Network Activity Drops
XRP hovers near $1.42 as a key Senate bill on digital assets moves forward, but new address creation has plunged 85% since December 2024.
Wall Street Hits New Highs on Tech Surge; Dow Flat Despite Jobs Data
The S&P 500 and Nasdaq hit record highs Friday, driven by AI and semiconductor stocks, while the Dow Jones barely budged after a solid jobs report.
Fidelity Cuts 800 Jobs, Plans 5,300 Hires in Tech Restructuring
Fidelity Investments cuts 800 jobs as it restructures technology and product teams, while planning 5,300 new hires this year, including 2,000 early-career employees.
Dow Jones Slips Below 50,000 as Chip Stocks Drag, Focus Shifts to Jobs Data
The Dow Jones Industrial Average fell below 50,000 on Thursday as chip stocks retreated and investors awaited the monthly jobs report.
India Stocks Give Up Early Gains; Banks Rise on Credit Guarantee
Indian shares gave up early gains Wednesday, with the Sensex slipping 177 points. Banks and airlines rose on a new credit-guarantee scheme, while FMCG and oil-and-gas stocks fell.
JPMorgan's $31.4B Credit Loss Reserve Highlights Earnings Beat
JPMorgan Chase posted a 13% rise in Q1 net income to $16.5B, with a $31.4B credit-loss allowance. Shares closed at $312.47, valuing the bank at $864.8B.
Fitch Upgrades Citigroup Outlook as Fraser Prepares for Key Investor Day
Fitch Ratings revised Citigroup's outlook to positive, citing progress in CEO Jane Fraser's restructuring. Q1 net income hit $5.8B on $24.6B revenue, with shares closing at $127.44.
Citi's $52 Million Hire Faces New Questions Ahead of Investor Day
Citigroup's high-profile $52 million hire of Vis Raghavan is under new scrutiny after reports he was ousted from JPMorgan amid years of complaints, just ahead of Citi's May 7 investor day.
Vertiv Shares Rise as JPMorgan Boosts Target on AI Data Center Demand
Vertiv shares closed up 0.5% at $323.46 after JPMorgan raised its target to $350, driven by AI data center demand. Q1 sales surged 30% to $2.65B, but cautious Q2 guidance tempered enthusiasm.
Super Micro Stock Gains Ahead of Earnings Amid High Volatility Expectations
Super Micro Computer shares advanced Wednesday as traders positioned for the company's upcoming quarterly results, with options markets implying significant volatility. The report follows recent legal challenges and margin pressures.
Geopolitical Jitters Sink Stocks, Oil Surges on Iran Talks
Wall Street ended Tuesday in negative territory as renewed Middle East tensions sent crude prices soaring, reversing an earnings-driven rally. The S&P 500, Nasdaq, and Dow all fell roughly 0.6%.
Stocks Retreat as Oil Surge, Fed Jitters Undercut Rally
Major U.S. equity indices turned lower Tuesday afternoon, surrendering morning advances as climbing crude prices and bond yields introduced fresh uncertainty. The S&P 500 declined 0.32% to 7,086.48.
Stocks Soar as Strait of Hormuz Truce Eases Oil Prices, Lifting Rate-Cut Hopes
Major U.S. equity indices surged to new highs Friday after Iran confirmed the Strait of Hormuz would remain open during a 10-day truce, pushing oil prices lower and reviving expectations for Federal Reserve rate cuts later this year.
Wall Street Soars to New Highs on Bank Profits and Diplomatic Optimism
U.S. stock indices reached new peaks Wednesday, powered by robust bank earnings and hopes for eased Middle East tensions. The S&P 500 closed at 7,022.95, fully recovering from its March decline.
S&P 500 Hits Record Amid Iran Talks, Bank Earnings; Dow Lags
The S&P 500 climbed to a new intraday record Wednesday, buoyed by optimism over potential U.S.-Iran talks and robust earnings from major banks. The Dow Jones Industrial Average, however, trailed the broader market, declining roughly 0.4%.
S&P 500 Reaches New High Amid Strong Earnings, Geopolitical Tensions
The S&P 500 climbed to a new intraday peak on Wednesday, its first since the U.S.-Iran conflict began, while the Nasdaq gained nearly 1%. The advance was fueled by strong bank earnings and hopes for diplomatic talks.
Bank of America Q1 Profit Surges 17% on Strong Trading, Investment Banking
Bank of America's first-quarter profit rose 17% to $8.6 billion, exceeding analyst forecasts. Revenue increased 7% to $30.3 billion, supported by record equities trading and a rebound in investment banking.
Morgan Stanley Q1 Results Surge on Trading, Wealth Management Strength
Morgan Stanley delivered record first-quarter revenue and profit, exceeding analyst forecasts. Strong performance in equities trading and wealth management fueled the results, with shares gaining in premarket trading.
Stocks Rally on Diplomatic Hopes, Soft Inflation; S&P 500 Nears Record
Major U.S. equity indices advanced sharply Tuesday, with the S&P 500 closing within 0.2% of its January record. The rally was fueled by falling crude prices amid potential diplomatic talks with Iran and cooler-than-expected wholesale inflation data.
Wall Street Rallies on Diplomatic Hopes, Strong Bank Earnings
U.S. stocks advanced sharply Tuesday, with major indexes climbing as hopes for renewed U.S.-Iran talks and a solid start to earnings season lifted market spirits. The Dow gained over 290 points.
Citigroup Q1 Earnings Surge on Strong Trading and Investment Banking
Citigroup reported a 42% surge in first-quarter profit to $5.8 billion, with revenue climbing 14% to $24.6 billion, marking its strongest quarterly performance in ten years.
Wells Fargo Q1 Earnings Top Estimates, Revenue Shortfall Weighs on Stock
Wells Fargo's first-quarter net income rose 7% to $5.25 billion, exceeding analyst expectations. However, revenue and key lending metrics fell short of forecasts, pressuring the stock in premarket trading.
JPMorgan Q1 Profits Soar 13% on Trading Boom, Dimon Flags Economic Risks
JPMorgan Chase kicked off bank earnings with a 13% surge in first-quarter profit, driven by a record performance from its trading desks. CEO Jamie Dimon highlighted an 'increasingly complex' risk environment.
Oil Surge Over $100 Weighs on Futures as Earnings Season Begins
U.S. stock futures retreated Monday as oil prices surged past $100 a barrel following stalled U.S.-Iran talks. Goldman Sachs reported strong earnings but shares fell premarket, while energy stocks gained.
Geopolitics, Bank Earnings, and Inflation Data Set the Tone for Markets
Markets enter the week focused on geopolitical developments in the Middle East, a key slate of bank earnings, and fresh inflation data. The S&P 500 has nearly recouped losses from February's market shock.
Markets Await CPI Data Amid Geopolitical Tensions and Oil Volatility
U.S. stock index futures traded slightly lower Friday morning as investors braced for the March Consumer Price Index report and monitored a fragile Middle East ceasefire. Brent crude hovered near $97 a barrel.
Mortgage Rates Inch Lower, Affordability Squeeze Persists for Spring Buyers
U.S. mortgage rates edged down slightly, with the 30-year fixed average at 6.43%. However, purchase applications declined and the median monthly payment rose, highlighting ongoing affordability challenges.
Dow Gains on Ceasefire Hopes, But Oil and Fed Fears Linger
The Dow Jones Industrial Average advanced 0.18% to 46,587.48 by midday Monday, buoyed by optimism over potential Iran ceasefire negotiations. However, caution prevailed as oil prices remained elevated and expectations for Federal Reserve easing diminished.