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The Latest Breaking News from JPMorgan

JPMorgan puts two more in line to succeed Jamie Dimon

JPMorgan Chase has appointed Doug Petno and Troy Rohrbaugh as co-presidents, signaling a significant step in succession planning for CEO Jamie Dimon. Rohrbaugh will now lead consumer and community banking, while Petno takes the helm of the commercial and investment bank. These moves potentially refine the pool of candidates for…

The Economic Times

Chinese AI models up to 50 times cheaper as enterprises reassess OpenAI, Anthropic costs: JPMorgan

The report titled "Semiquincententacles: The US Grip on Global Markets," said growing cost pressures are prompting businesses to reconsider their dependence on premium AI models from companies such as OpenAI and Anthropic.

The Economic Times

JPMorgan Chase’s Q2 2026 Earnings: What to Expect

JPMorgan Chase will report its second-quarter results next month, and analysts project a high single-digit rise in EPS.

Barchart

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What bubble? JPMorgan says the $5.5 trillion AI capex explosion is profitable—for now

JPMorgan’s midyear outlook argues the hyperscalers are profitable, the debt markets are holding, and the cycle has room to run.

Fortune

How Dubai is trying to bring tourists and investors back after months of regional tensions

Dubai convened business leaders following Iran's strikes to mitigate economic fallout, pledging $681 million in support. While a preliminary peace deal eases immediate strains, restoring investor confidence requires sustained signals of authority response to future tensions. Analysts suggest more targeted incentives may be necessary for sectors like tourism and aviation…

The Economic Times

Sacked JPMorgan Exec Who Stole Knicks Trash Bin In Viral Video Receives Another Punishment

The former JPMorgan executive who was dismissed after a viral video showed her stealing a Knicks-themed bin faced more punishment from NYC officials.

International Business Times UK

Meme of 'JPMorgan's HR Department in 2026' Has People in Stitches Amid Sex Scandal and Knicks Bin Incident

JP Morgan's bruising year has spawned a viral 'HR department in 2026' meme, blending a New York sex‑assault lawsuit and a Knicks parade trash‑can fiasco into one biting joke about corporate culture.

International Business Times UK

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IBM Shares Jumped 5% After JPMorgan Upgraded the Stock on Software Acceleration. Here Is What IBM Stock Needs to Sustain the Momentum.

The investment banking firm cites stronger confidence in IBM's software growth for the second half of 2026.

Barchart

JPMorgan executive who went viral for dumping trash during Knicks parade is reportedly fired

She later posed for a photograph with the trash can inside the subway, smiling for the camera.

We Got This Covered

Segro bid boosts FTSE 100 as gold and oil sink

UK warehouse landlord Segro rejected a £12.6 billion takeover proposal from US logistics property giant Prologis.

The Independent UK

Knicks trash can video goes viral: JPMorgan Chase DEI executive Angie Báez fired after clip shows woman removing street bin, then stealing it during NYC parade

JPMorgan executive fired: A viral video showing a JPMorgan Chase DEI executive, Angie Báez, dumping a public trash can onto a Manhattan street and then allegedly taking the bin has sparked outrage. The incident occurred during the New York Knicks victory parade. Following widespread criticism and online debate, the bank…

The Economic Times

US stocks: JP Morgan raises S&P 500 year-end target to 7,800, joins bullish trend

J.P. Morgan has elevated its forecast for the S&P 500 in 2026 to 7,800, driven by strong earnings from AI investments and a consistent economic environment. This optimistic prediction aligns with a recent trend of upgrades from various brokerages. Despite recognizing challenges such as increased stock issuance and stricter monetary…

The Economic Times

JPMorgan Just Upgraded IBM Stock. Here's Why.

JPMorgan analysts believe IBM shares are poised for gains in the second half of 2026. Here’s why Brian Essex remains bullish on IBM stock.

Barchart

New twist in JPMorgan 'sex slave' lawsuit: Chirayu Rana wants to withdraw, Lorna Hajdini says you can't just walk away

The sensational lawsuit involving a female executive and her male colleague who alleged that he was made a sex slave by the female, took the most surprising turn this week. New York Post reported that ex-JPMorgan banker Chirayu Rana wants to withdraw the case from the Manhattan Supreme Court and…

The Times of India

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Fortune

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

It wasn’t thousands of staff petitioning to work from home or the Iran war that persuaded CEOs to loosen their in-office mandates. It was the World Cup.

Barchart

As Qualcomm Diversifies, Growth Acceleration Will Support Stock Upside

Qualcomm is in discussions to acquire AI chip startup Tenstorrent

International Business Times

China Will Return as Major Oil Buyer in August, JPMorgan Says

China's oil purchases fell dramatically, with imports dropping to about 7.8 million barrels per day in May, their lowest level since late 2017.

Fortune

By 7 a.m., Bank of America’s CEO has already read 5 newspapers, his email inbox, and hit the gym—he says if you’re late to meetings, you’re ‘selfish’

Brian Moynihan says punctuality is a cornerstone of workplace respect, joining JPMorgan and Southwest CEOs with strong feelings about meetings.

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The Economic Times

Brexit at 10: How Britain's financial sector recovered and evolved

Post-Brexit, London's financial landscape has witnessed a decline in its global market influence and workforce numbers. While some positions have relocated to the EU, the financial industry thrives on increasing interest rates and deregulation. Nevertheless, the UK's attractiveness to investors is diminishing, and forecasts indicate its economic productivity will fall…

The Economic Times

'Do not use': US banking giants JPMorgan and Goldman Sachs restrict Anthropic AI access abroad. Here's why

Major US banks, JPMorgan Chase and Goldman Sachs, have restricted employees outside the US from using advanced AI tools like Anthropic's Claude. This move signals growing global concerns over AI governance and potential national security risks, prompting US authorities to tighten export controls. European nations are also pushing for 'sovereign…

Barchart

JPMorgan Analysts Say Broadcom Stock Is a 'Buy.' What to Know.

JPMorgan issued a largely bullish note on Broadcom stock. Here’s why analyst Harlan Sur recommends buying AVGO shares at current levels.

MarketBeat

5 Stocks Built to Thrive in a Higher-for-Longer Economy

These five stocks are positioned to benefit from persistent inflation, elevated interest rates, and strong nominal economic growth.

Barchart

Adobe Stock Is Selling Off Back to 2019 Lows. What Bulls Need to Turn Things Around.

Adobe stock has given up years of gains. Is the market overreacting, or do bulls still need a few things to go right?

MarketBeat

Qualcomm Drops 25%, But Investor Day Could Reverse the Slide

Qualcomm's brutal pullback has collided with a major catalyst on the horizon, and if its investor day delivers, the current dip could prove a rare gift.

Barchart

Options Action: Naked Put Trade Ideas for June 15th

With market volatility on the rise, put premiums are highly elevated, so it’s a good time to check in on Barchart’s Naked Put Screener.

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