A Russian court has seized JPMorgan Chase funds as VTB seeks to recover $439.5 million blocked due to sanctions. The legal battle intensifies with cases in both Russian and U.S. courts.
Despite recent rebounds, JPMorgan cautions that the stock market may face additional declines, driven by enduring inflation, high equity valuations, and shifting expectations regarding Federal Reserve rate cuts.
Despite a projected dip in Q1 profits, big banks like JPMorgan Chase, Wells Fargo, Citigroup, and Bank of America are expected to benefit from higher interest rates. With stock performances already outshining major indexes in 2024, investors remain bullish.
