CEO Jamie Dimon recently changed his tune with a more optimistic economic outlook, but the bank still sees tough times ahead. The stock is falling, too.
Stephanie Link, chief investment strategist at Hightower Advisors, joins CNBC's 'Squawk Box' to discuss bank earnings, net interest income-sensitive companies, and consumer health in 2023.
JPMorgan Chase & Co. said Friday that its fourth-quarter profit rose 6%, boosted by interest rates that sent its core lending income to a record high.
The bank is seen as a bellwether stock – meaning its earnings results tend to reflect the US's overall economic health.
JP Morgan Chase & Co. JPM, -0.10% said Friday it had net income of $11.0 billion, or $3.57 a share, in the fourth quarter, up from $10.4 billion, or $3.33 a share, in the year-earlier period. Revenue
"I think they need to stop. This is a war that they've won, and they're in danger of tipping the economy into recession," said David Kelly of JPMorgan's investing arm.
U.S. stock index futures were muted on Friday ahead of results from big U.S. banks that will kick off the quarterly earnings season and provide more clues on the strength of corporate America.
U.S. stock futures were little changed on Friday, as investors await the first batch of big fourth-quarter earnings that will include reports from JPMorgan Chase & Co. and Bank of America Corp.
JPMorgan Chase & Co (NYSE:JPM) said it has shut down Frank, the website for a college financial aid platform it bought for $175 million in September 2021 after alleging the company's founder, Cha
JPMorgan, the biggest U.S. bank by assets, will be closely watched for clues on how the industry is navigating an economy at a crossroads.
Last year was a volatile one for the equity market, with rising interest rates, record high inflation and geopolitical tensions triggering broad-based sell-offs.
Cramer explained what information investors should be on the lookout for when several major banks report their quarterly earnings results on Friday.
The stock market rallied Thursday after the CPI report, which came out ahead of the market open. Q4 earnings season will heat up Friday, with results from JPMorgan and UnitedHealth.
JP Morgan Chase & Company is scheduled to report earnings before Friday's open. Here's a closer look.
Jason Goldberg, Barclays senior equity analyst, joins 'Closing Bell' to discuss expectations for big banks earnings season.
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