JPMorgan Chase provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. The company was founded in 1799 and is based in New York, New York.
Jamie Dimon has made no secret about his hunt for acquisitions, stirring all kinds of speculation about what deals may be in the works for JPMorgan Chase & Co. The best thing might be if the bank simply bought more of its own stock, Wells Fargo bank analyst Mike Mayo says.
Summary List Placement US card issuers reported minor improvements in card volume in Q4, with debit volume growth becoming even more pronounced and digital payments taking a front seat. Here's a look at the volume gains four top issuers reported this week: Bank of America: The issuer reported a 4% year-over-year (YoY) increase in combined credit and debit card spending volume, amounting to $173.7 billion—a rebound from the approximately 2% YoY growth seen in Q3 . Overall card payments were likely driven by digital growth: Digital payments grew 16% YoY in Q4 and made up more than 50% of overall payments in the period. Citi: Branded card purchases volume fell 5% YoY in Q4, amounting to $93 billion. Despite the decline, this represents marked improvement from Q3, when Citi experienced a 9%...
(GME) stock rocketed above its 2007 peak Friday in a move that one short selling expert thinks could possibly kill investor interest in shorting the videogame retailer. Pointing to an earlier squeeze where a moderate amount of older short sellers covered their positions as the stock surged in recent weeks, S3 Partners’ Ihor Dusaniwsky told Barron’s he thinks today’s action has piled up mark-to-market losses for even newer short sellers betting on a price decline.