With the world grappling with inflation, political tensions stemming from the Russia–Ukraine war, and worries about an impending recession, stock market experts are now split on where Wall Street is heading for the rest of 2022 after declining for the first half of the year. Citigroup Inc. is in the camp that is expecting a…
Wall Street Experts Split on Stock Market Trajectory
July 11, 2022
admin
Business & MarketsCitigroupeconomic recessioneconomyinflationJPMorganMarketsrecessionstocksUSwall street analyst
0 Comment
JPMorgan Chief Economist Says ‘No Real Reason’ to Fear Recession
JPMorgan Chief Economist Bruce Kasman expressed cautious optimism about the state of the U.S. economy during an interview on Monday, suggesting that an economic recession was unlikely in 2022 and that listeners have little reason to fear the current economic slowdown. “There’s no real reason to be worried about a recession,” the economist said during…
JPMorgan Chase CEO Says Brace for Economic ‘Hurricane’ Due to Inflation
The United States is looking at an economic “hurricane” of challenges down the road and the Federal Reserve must take strong precautions to avoid a recession, a top banking official has warned. “It’s a hurricane,” Jamie Dimon, CEO of JPMorgan Chase & Co., told a banking conference, adding that it was unprecedented. “Right now, it’s…
JPMorgan Raises 2022 Interest Income Outlook Ahead of Investor Conference
JPMorgan Chase & Co. presented a more optimistic profit forecast on Monday as it opened an investor conference to relieve worries that the biggest U.S. bank by assets might be starting to lose its edge. Investors are keeping an eye on the prospects for banks to increase their net interest income, or the difference between…
JPMorgan CEO Speaks of ‘Big Storm Clouds’ Over US Economy
JPMorgan Chase CEO Jamie Dimon spoke to investors on Monday at the company’s first investor day since the outbreak of the CCP (Chinese Communist Party) virus, taking stock of the troubles that threaten the U.S. economy while also highlighting reasons for optimism under the circumstances. In his remarks, Dimon described a “strong economy” with “big…
JPMorgan Says It Has Resigned as Depositary for Rosneft GDRs
May 19, 2022
admin
Business & EconomyCompanieseconomic policieseconomyEuropeInternationalJPMorganMarketsResignRosneft depositRussia-Ukraine WarWorld
0 Comment
JPMorgan & Chase has resigned as a depositary of global depositary receipts (GDR) of Russia’s largest oil producer Rosneft on May 13, the U.S. bank said on its website. Last month, JPMorgan & Chase started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the matter said, giving…
JPMorgan CEO Says Russia’s War on Ukraine Is Bigger Risk to Economy Than Interest Rates
JPMorgan CEO Jamie Dimon said on Wednesday that markets should be prepared for the war between Russia and Ukraine to last for years to come, suggesting that the conflict posed a greater risk to the American economy than the prospect of hikes on the key interest rate from the Federal Reserve. In an interview with…
JPMorgan Mulls Splitting CEO Role With Jamie Dimon Staying as Non-Executive Chair: FT
Last week, in its securities filing, JPMorgan Chase & Co. said a “substantial majority” of investors wanted him to stay on as non-executive chair when he steps down as chief executive. If he does stick around, it will mark the first time JPMorgan will split the roles of chair and CEO since 2006, when Dimon…
Five Key Takeaways From Jamie Dimon’s Letter to JPMorgan’s Investors
April 10, 2022
admin
annual letter to shareholders 2022BrightinvestingJamie DimonJPMorganJPMorgan Chase & Copersonal financeUncategorized
0 Comment
WASHINGTON—Jamie Dimon, CEO of JPMorgan Chase & Co, published his closely watched annual letter to shareholders on April 4, covering critical issues including the war in Ukraine, the energy crisis, sanctions, inflation, and interest rates. Here are five of the key takeaways from the letter: The US Economy Is Still Strong Dimon has long been…
JPMorgan Remains Bullish on This Chipmaker Despite Slashing Price Target by 15 Percent—Read Why
JPMorgan analyst Samik Chatterjee lowered the price target on Qualcomm Inc to $205 from $240 (39.5 percent upside) and kept an Overweight rating on the shares. The analyst moderated earnings estimates for Qualcomm, primarily led by a change to his QTL revenue estimates and slight moderation in both QCT revenue and margins. These changes’ net effect leads Chatterjee to forecast…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`