JP Morgan

Major cryptocurrencies surged on Friday following reports that global financial powerhouse JPMorgan is venturing deeper into the world of cryptocurrencies. The company is said to be developing a cutting-edge blockchain-driven solution to facilitate seamless cross-border transactions....

The potential de-dollarization of the global economy presents a risk for the US, as it could lose a crucial tool utilized in managing past economic crises, as per a note by JP Morgan, Business Insider reported. Strategists stated that de-dollarization isn’t likely to result in emerging...

On Saturday morning, Bitcoin (CRYPTO: BTC) was valued at roughly $26,043.51, down by a percent in the last seven days. But over the preceding two weeks, the leading cryptocurrency experienced a dip of close to 12%, following a month of relative stability. JPMorgan Chase & Co. (NYSE: JPM)...

A prominent Wall Street bear, who has been advocating for a reduced stock position since the beginning of the year, has once again stepped into the fray. JPMorgan Chase & Co.’s chief market strategist and co-head of global research, Marko Kolanovic, issued a warning in a note released on...

As the market begins to shift its focus away from tech, CNBC’s Jim Cramer has identified several potential winners, CNBC reports. Cramer has highlighted a few sectors that could benefit from this shift. He believes that the market is currently in a “stock picker’s market”...

The six largest banks in the US, namely JP Morgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS), are projected to write off a combined $5 billion in defaulted loans in the second quarter of this year...

It is increasingly becoming clear that campaign debates in the lead-up to the US presidential election 2024 could feature crypto market regulation. Already, several leaders began speaking about the need for freedom to trade digital assets. While the common perception is that the US economy could...

The Department of Justice is reportedly investigating stock trading actions by several First Republic Bank (OTC: FRCB) employees during the recent collapse of the bank.  First Republic Bank was dissolved on May 1 by the California Department of Financial Protection and Innovation,...

Bank of America (NYSE: BAC) outperforms expectations for the first quarter financial results, delivering a 16% positive surprise in earnings per share ($0.94 vs. $0.80 anticipated) and a 5% positive surprise in revenues ($26.39 billion vs. $25.19 billion). What you should know about Bank of America...

JPMorgan Chief U.S. Economist Michael Feroli reportedly said that Federal Reserve Chair Jerome Powell doesn't seem to believe in forecasts and may be looking for real indicators that the economy is slowing. What Happened: "He has shown not a lot of faith in forecasts. I think he needs to see actual...

Major Wall Street indices closed in the red on Monday after U.S. job openings in February declined to the lowest level in about two years while factory orders dropped for a second straight month. Bank stocks, too, witnessed a decline after JP Morgan CEO Jamie Dimon cautioned shareholders in a...

Jamie Dimon, Chairman and Chief Executive Officer of JP Morgan Chase & Co. (NYSE: JPM), released his annual letter to shareholders in which he discussed crucial themes such as the current banking crisis, U.S. fiscal and monetary policies, inflationary risks, the war in Ukraine, and the global...

One of the largest banks in the U.S. got even bigger on Sept. 13, 2000: Chase Manhattan announced it would acquire J.P. Morgan & Company for about $30.9 billion. The deal took Chase from the third-largest bank in the U.S. to the second position based on assets. Today, the company trades as...

Shares of cryptocurrency-focused Silvergate Capital Corp (NYSE: SI) fell off of a cliff Thursday, plummeting 45% on its warning of a delay in its annual report and concerns over its ability to operate as a going concern. This comes after the bank reported a staggering $1 billion loss for the fourth...

Earlier this month, Global X attended J.P. Morgan’s Healthcare Conference. The 41st iteration of the conference hosted nearly 10,000 attendees with presentations from 550 leading healthcare companies. The conference often sets the tone for business development activity in the industry...