JPMorgan Asset Management is cutting its projections for cross-asset returns over the next decade, with 60/40 allocations earning 4.2%, down from 5.4%, in coming years. t.co/zXFq9IUYwg — Lisa Abramowicz (@lisaabramowicz1)
by confoundedinterest17 Good timing on JPMorgan’s behalf. (Wall Street Journal) Morgan Chase & Co. said it would extend billions of dollars in additional loans to Black and Latino home buyers and
www.cnbc.com/2020/08/19/jpmorgan-chase-held-talks-with-us-postal-service-about-installing-atms-in-post-offices.html JPMorgan Chase, the biggest U.S. bank by assets, has held talks with the U.S. Postal Service about placing ATMs in post office branches. “We had very preliminary conversations with
via wallstreetonparade: Imagine if every bank customer was greeted this week with a big sign just inside their Chase Bank branch that said this: “Dear Customers: We lost $3.2 billion trading
Earnings: $1.38 a share, compared with the $1.04 per share estimate of analysts surveyed by Refinitiv. Revenue: $33 billion, compared with the $30.3 billion estimate. The bank posted a profit
Tracking by @jpmorgan of 30 million credit/debit cardholders shows spending has stalled since late June; with activity widespread across states, data suggest it may be difficult for risky assets to
by charvo Liquidity withdraw. Lowest weekly Fed stimulus since the market top. Not only that: Public debt increased ~4x the Fed’s $60B in the last 7 days! Largest net decline
Markets Too Optimistic About Coronavirus Recovery: Deutsche Bank CEO Deutsche Bank chief executive Christian Sewing said on Tuesday that markets were too optimistic in their assessment of a recovery from
Only 6% of smaller customers got paycheck-protection loans Most of Chase’s larger commercial clients got small-biz loans JPMorgan Chase & Co. provided loans to virtually all of its commercial banking
via CNBC JPMorgan is building its credit reserves in anticipation that people might not be able to pay their credit card bills. The bank’s first quarter earnings statement showed its
JPMorgan Chase, the country’s largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the
via Zerohedge: With America’s small and medium businesses suffering from cardiac arrest now that the economy is in a indefinite coma, it is hardly a surprise that the largest US
by MasterCookSwag So I don’t normally post these because I think most people are following it to begin with but with the influx of new posters I figured I’d throw
markets.businessinsider.com/news/stocks/coronavirus-fuel-recession-forecast-us-europe-economic-july-market-jpmorgan-2020-3-1028994637 A new economic-growth estimate from JPMorgan projects that a recession will hit the US and European economies by July. The bank said its views of the coronavirus outbreak “have evolved dramatically
(Bloomberg) — The historic panic in global stock markets has spawned a fortune for some of the world’s biggest investment banks. JPMorgan Chase & Co. and Citigroup Inc. have added
The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all fell more than 10% last week, their biggest weekly declines since October 2008. The decline’s swift nature prompted some