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The Latest Breaking News from JPMorgan

Could The Rise Of Fintech Create The Need For Bank Mergers? JPMorgan Chase CEO Jamie Dimon Weighs In

The rise of fintech has not been lost on the banking community.

Benzinga

Here's How Much Jamie Dimon Says The Russia-Ukraine War Will Cost JPMorgan

In his annual letter to shareholders on Monday, JPMorgan Chase & Co (NYSE: JPM) CEO Jamie Dimon stated that the ongoing Russia-Ukraine war will lead to a significant financial loss for the

Benzinga

Jamie Dimon Sees Work From Home Becoming More Prominent In American Business: How Is JPMorgan Preparing For Change?

JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon touched on several topics at the forefront of society in an annual letter to shareholders, including the company's work-from-home practices.

Benzinga

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JPMorgan Upgrades Vertiv - Read Why

JPMorgan analyst Stephen Tusa upgraded Vertiv Holdings Co (NYSE:VRT) to Overweight from Neutral with a price target of $18 (an upside of 22%). Tusa sees "compelling" risk/reward profits with earnings and free cash flow estimates reset. Also read: Veritiv Agrees To Sell Canadian Operations To Imperial Dade For Undisclosed Sum. Price Action: VRT shares are trading higher…

Benzinga

Why This Apple, Qualcomm Analyst Says The Stocks Are Vulnerable To Shift In Consumer Spending

Apple, Inc. (NASDAQ: AAPL) and Qualcomm, Inc. (NASDAQ: QCOM) are among the high-profile tech names that have consistently delivered due to superior fundamentals and strong market positioning.

Benzinga

JPMorgan Stock Traded Flat In March: What's Next

JPMorgan Chase & Co (NYSE: JPM) shares ended the month relatively flat, despite trading as low as $128 and as high as $144 in March. Here's a look at what happened and what's ahead for the bank stock.

Benzinga

JPMorgan Downgrades UniFirst, Cuts Price Target By 11%

JPMorgan analyst Andrew Steinerman downgraded UniFirst Corp (NYSE:UNF) to Underweight from Neutral, reflecting on the Q2 EPS miss and mixed FY22 outlook. The analyst also lowered the price target to $178 (a downside of 1.4%) from $200. The analyst notes management's dim visibility into cost and margin headwinds and the company's financial performance amid…

Benzinga

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JPMorgan Upgrades Masco To Neutral - Read Why

Masco Corp (NYSE:MAS) has been upgraded to Neutral from Underweight by JPMorgan analyst Michael Rehaut, with a price target of $62. Rehaut noted MAS's below-average exposure to U.S. new residential construction should allow for a lower cyclicality and vulnerability to a housing slowdown. However, the analyst warned about the company's Europe exposure, impacted by the…

Benzinga

Who Is the Unlikely Cast Behind Nickel's Big Squeeze?: Bloomberg

It’s been three weeks since nickel was suspended on the London Metal Exchange after a 250% price spike, and while trading has resumed, the market remains all but paralyzed,

Benzinga

Here's How Analysts View Apple's Latest Products, Services

Analysts tried to gauge the impact of Apple Inc's (NASDAQ:AAPL) products and services. Apple is exploring subscription offerings for its hardware products as early as late 2022 or 2023. Morgan Stanley analyst Katy Huberty saw that the average Apple user spent $280 on hardware and added $69 to Apple Services revenue in 2021, implying, Apple…

Benzinga

JPMorgan Upgrades This Fortune 200 Manufacturing Company

Illinois Tool Works Inc. (NYSE:ITW) has been upgraded to Overweight from Neutral by JPMorgan analyst Tami Zakaria, as he views the stock's risk/reward as tilted more to the upside at the current valuation. The analyst lowered the price target for ITW to $255 (an upside of 20%) from $262. The analyst notes, management did not…

Benzinga

China Tech's Dwindling Fortunes Fuel More Alibaba Stake Selloff Speculations By SoftBank

The dwindling fortunes of the Chinese tech shares have prompted concerns over Alibaba Group Holding Ltd (NYSE:BABA) stake selloff by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF), the Wall Street Journal reports. SoftBank's single most significant investment in the e-commerce giant was hit hard by the domestic crackdown. The Nasdaq Golden Dragon China Index of U.S.-listed Chinese stocks…

Benzinga

This Investor Has 800% Gains In Cleveland-Cliffs: Here's Why He Won't Sell The Stock

Cleveland-Cliffs Inc (NYSE: CLF) was featured as the call of the day Thursday on CNBC's "Fast Money Halftime Report."

Benzinga

Read How Analysts Reacted To Google's Pact With Spotify

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google decided to allow Spotify Technology SA (NYSE:SPOT) and other app developers to offer users an alternative third-party payment option alongside Google Play's option. KeyBanc analyst Justin Patterson saw the move as a win for digital content providers. He viewed alternative payment options as a happy compromise that calmed regulators and…

Benzinga

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Benzinga

JPMorgan's CEO Attracts Investor Criticism Over Technology Associated Spending Plans: FT

JPMorgan Chase & Co’s (NYSE: JPM) CEO Jamie Dimon is facing investor criticism over a multibillion-dollar plan to modernize the group’s technology and the decision to enter the U.K.’s highly competitive retail-banking market,

Tribune News Service

Wall Street’s Russia pullback unravels decades of work

Thousands of staff, billions of dollars and three decades of complicated relationships. Some of the world’s largest banks are starting to pull back from Russia, but it’s not going to be easy.

Benzinga

Why Pete Najarian Prefers Bank Of America Over JPMorgan: 'This Is The Stock To Own'

Bank Of America Corp (NYSE: BAC) was featured as the call of the day Thursday on CNBC's "Fast Money: Halftime Report."

Benzinga

Why JPMorgan Upgrades Starbucks After Stock Underperformance

Starbucks Corporation’s (NASDAQ: SBUX) stock has "underperformed our low expectations” since December 2021, which includes the announcement of the company’s fiscal first-quarter earnings in February, according to JPMorgan.

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news in one place.

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Benzinga

HSBC Forays The Metaverse After JPMorgan

HSBC Holdings PLC (NYSE:HSBC) acquired a space in The Sandbox metaverse to engage with its sports-focused users. The financial terms of the transaction remain undisclosed. Also Read: JPMorgan Opens A Lounge In Decentraland, Sees $1 Trillion Metaverse Opportunity “Through our partnership with The Sandbox, we are making our foray into the metaverse, allowing us…

Benzinga

Why Are Starbucks Shares Trading Higher?

Starbucks Corp (NASDAQ: SBUX) shares are trading higher Wednesday after JPMorgan analyst John Ivankoe upgraded the stock from a Neutral rating to an Overweight rating and announced a $101 price target.

Benzinga

This Day In Market History: Bear Stearns Merges With JPMorgan

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On March 16, 2008, Bear Stearns merged with JPMorgan Chase & Co. (NYSE: JPM).

Benzinga

Read Why Bilibili Shares Are Soaring In Premarket

Bilibili Inc's (NASDAQ:BILI) board approved the company to pursue the voluntary conversion to dual-primary listing on the Hong Kong Stock Exchange. Bilibili would continue to trade on both the HKSE and Nasdaq. Recently, JPMorgan analyst Alex Yao downgraded Bilibili to Underweight from Overweight with a $15 price target (20.5% downside). JPMorgan downgraded the Chinese tech sector, including Alibaba Group Holding…

Benzinga

Kingsoft Cloud Weighs Dual Listing In Hong Kong As China's Geopolitical, Regulatory Risks Trigger Industry-Wide Selloff

China's leading cloud service provider Kingsoft Cloud Holdings Ltd (NASDAQ:KC), weighed a dual listing of its shares on the Hong Kong Stock Exchange. Analyst Rating: JPMorgan analyst Alex Yao downgraded Kingsoft to Underweight from Neutral with a price target of $3.50, down from $8 (17.7% upside). Yao found the China internet sector is unattractive on a 6-12…

Benzinga

JPMorgan Agreed To Scoop This Irish Fintech - Read Why

JPMorgan Chase & Co (NYSE:JPM) agreed to acquire Global Shares. Global Shares is an Irish fintech firm whose software helps businesses manage employee stock plans. The financial terms of the transaction remain undisclosed. Founded in 2005, Global Shares manages ~$200 billion in assets, and over 600 clients use its cloud-based platform. JPMorgan looks…

Benzinga

SoftBank Founder Boosts Collateral To 33% Of Stock As Stock Prices Sink

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son has raised the collateral stock to financial institutions as its shares plunged over 2021, Bloomberg reports. Son boosted the stock pledged as collateral to ~33% of his stake or 153.3 million shares in SoftBank as its shares sank 60% from their peak last year.…

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