Tag Archives: JPMorgan

TipRanks Raymond James: These 3 Stocks Have Over 100% Upside on the Horizon We’re now in the heart of earnings season, and investors are paying close attention as companies report their financial results from the first quarter of 2021. It’s a routine, in some ways, but in others, there has never been an earnings season quite like this. It’s the first one post-pandemic, but perhaps more importantly, the results are coming out during a time of nearly unprecedented government stimulus… Source link

Bloomberg Biden Sanctions Russia, Restricts Buying New Debt After Hacking (Bloomberg) — President Joe Biden ordered fresh sanctions on Russia, including restrictions on buying new sovereign debt, in response to allegations that Moscow was behind a hack on SolarWinds Corp. and interfered with last year’s U.S. election.The new measures sanction 32 entities and individuals, including government and intelligence officials, and six Russian companies that provide support to the Russian… Source link

The Guardian US economy adds 916,000 March jobs as vaccine rollout fuels hiring boom Unemployment at 6% as businesses reopen and hire workersData shows 30% of Americans have had at least one vaccine shot Sous chef Francisco Lopez at the Buya restaurant in Miami last month. The data suggests the worst of the pandemic-related jobs slump may be over – but issues remain. Photograph: Joe Raedle/Getty Images The US labor market went on a hiring spree in March, adding 916,000 jobs amid the… Source link

(Bloomberg) — The recent pullback in Bitcoin’s volatility is setting the stage for a trend that could encourage institutions to dive in, according to JPMorgan Chase & Co. “These tentative signs of Bitcoin volatility normalization are encouraging,” strategists including Nikolaos Panigirtzoglou wrote in report emailed Thursday. “In our opinion, a potential normalization of Bitcoin volatility from here would likely help to reinvigorate the institutional interest going… Source link

JPMorgan (JPM) will be shuttering its Chase Pay method of payment for apps and websites on March 31, according to a note on the bank’s website. According to Chase’s complete list of retailers accepting the payment method, only customers of Shell, Starbucks, and Walmart will be affected. “As technology has evolved, so has our strategy for integration at the merchant point of sale. We are incorporating the most popular features directly into the Chase mobile app and chase.com, including… Source link

Bloomberg Banks Press Fed to Preserve $600 Billion in Balance-Sheet Leeway (Bloomberg) — Thanks to the pandemic, U.S. banks won a long-sought regulatory break that let them expand their balance sheets by as much as $600 billion without adhering to profit-denting safeguards. Now, firms are frantically lobbying to extend that relief before it expires at month’s end.The reprieve from what’s known as the supplementary leverage ratio — granted a year ago as Covid-19 rocked markets and the… Source link

It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team does not believe that inflation is the great bugaboo it’s made out to… Source link

JPMorgan Chase and Google launched a program Tuesday to help banks owned and led by people of color increase their lending capabilities. The new initiative is dubbed “Empowering Change.” It’s designed to help banks that are majority-owned or directed by people of color provide JPMorgan-backed money market funds to large companies. Most minority depository institutions wouldn’t have the resources to service those companies otherwise. The program offers the same services… Source link