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Latest JPM News From Around the Web
Below are the latest news stories about Jpmorgan Chase & Co that investors may wish to consider to help them evaluate JPM as an investment opportunity.
JPMorgan Is "Counting The Days" Until The Second Covid Wave Tyler Durden Thu, 06/04/2020 - 15:20 As governments ease lockdown restrictions, attention is focused on the risk of a second wave of COVID-19 infections. And, as JPMorgan writes, "the message from most people is: so far, so good, although as everyone also recognizes the lags with COVID-19 are long, so that three-to-four weeks need to pass in order to see how easing restrictions will impact new infections." Encouragingly, as JPM economist David Mackie points out, we have passed that point for a number of European countries. For example, Denmark started to ease lockdown restrictions 49 days ago without any sign of a second wave of infection. But, in JPM's view, "this way of counting the days is misleading, and it will take a whil...
If you’re looking for fresh exposure to artificial intelligence and machine learning, this B2B database wants your capital. The IPO ZoomInfo Technologies Inc. (NASDAQ: ZI ) will issue 44.5 million shares on the Nasdaq under ticker "ZI," according to the firm’s S-1 filing . Priced between $16 and $18, the offering represents 98.1% of outstanding shares and is expected to bring in about $921.2 million. On Thursday morning, the IPO was priced at $21 per share. The lead underwriters include JPMorgan and Morgan … Full story available on Benzinga.com
UBS just backed a cloud-based trading tech startup. Here's how the investment could prompt a data-fueled transformation of Wall Street trading floors.
Cloud9 Technologies announced a $17.5 million investment led by UBS with involvement from previous investors JPMorgan and Barclays. The fintech has thrived helping Wall Street set up traders to work remotely during the coronavirus pandemic. Lee Fulmer, global head of innovation and chief data officer for UBS investment bank, told Business Insider that the pandemic accelerated an investment UBS had already been considering. Gerald Starr, Cloud9's CEO and cofounder, told Business Insider the company's business has grown by 50% since March 1, adding 4,000 new users. Click her for more BI Prime stories. A fintech that's helped financial firms' trading teams adjust to working remotely just nabbed backing from another big bank. Cloud9 Technologies, a cloud-based platform that allows traders t...
Top Analyst Reports for JPMorgan, Exxon Mobil & Oracle
These are the top 10 most heavily weighted stocks in the S&P 500 Index. See which stocks fell in the rankings, and which rose.
(Bloomberg) -- The European Central Bank intensified its response to the “unprecedented contraction” facing the euro area with a bigger-than-anticipated increase to its emergency bond-buying program.President Christine Lagarde and her colleagues decided to expand purchases by 600 billion euros ($675 billion) to 1.35 trillion euros, and extended them until at least the end of June 2021. Italian bonds rallied, with the yield on 10-year debt compared with the German equivalent set to narrow the most since mid-May. The euro reversed losses.“Action had to be taken,” Lagarde said in a press conference. While there are nascent signs of the downturn bottoming out, “the improvement has so far been tepid.”The vast majority of economists surveyed by Bloomberg last week had predicted a boost of 500...
DOW UPDATE The Dow Jones Industrial Average is trading up Thursday morning with shares of Boeing and Intel seeing positive momentum for the index. Shares of Boeing (BA) and Intel (INTC) are contributing about a third of the index's intraday rally, as the Dow (DJIA) was most recently trading 56 points (0.
Bill Dudley: "The Fed Is Basically Creating A Little Bit Of Moral Hazard" Tyler Durden Wed, 06/03/2020 - 11:25 Last August, former NY Fed president Bill Dudley sparked outrage across both ideological camps when he published a Bloomberg op-ed in which he said the Fed should not only not get involved by providing stimulus during the then-raging trade war between the US and China but implicitly admitted that the it is Fed that decides who is - or isn't - president, as it "could go much further " beyond merely warning, as Powell did, that the Fed's tools are not suited to mitigating the damage from trade war, but "could state explicitly that the central bank won’t bail out an administration that keeps making bad choices on trade policy, making it abundantly clear that Trump will own the con...
DOW UPDATE Shares of Boeing and American Express are posting strong returns Wednesday afternoon, sending the Dow Jones Industrial Average soaring. The Dow (DJIA) is trading 556 points higher (2.2%), as shares of Boeing (BA) and American Express (AXP) have contributed around two thirds of the blue-chip gauge's intraday rally.
Glass Lewis Joins ISS In Recommending GameStop Stockholders Vote On The WHITE Proxy Card For Both Of The Investor Group's Nominees
Hestia Capital Partners LP ("Hestia"), Permit Capital Enterprise Fund, L.P. ("Permit") and their affiliates (the "Investor Group"), who beneficially own approximately 7.2% of the outstanding shares of GameStop Corp. (NYSE: GME) (the "Company"), announced that Glass Lewis & Co. ("Glass Lewis"), a leading independent proxy voting advisory firm, has recommended that GameStop stockholders vote the Investor Group's WHITE proxy card FOR the election of Paul J. Evans and Kurtis J. Wolf at the Company upcoming Annual Meeting of Stockholders on June 12, 2020.