Jpmorgan Chase Stock News

Jefferies cut the bank''s stock to Hold from Buy, citing higher expenses.

Over the past 3 months, 7 analysts have published their opinion on JPMorgan Chase (NYSE: JPM ) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company''s business to predict how a stock will trade over the upcoming year. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 3 2 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 1 0 2M Ago 1 1 1 0 0 3M Ago 0 0 0 1 0 In the last 3 months, 7 analysts have offered 12-month price targets for JPMorgan Chase. The company has an average price target of $180.29 with a high of $202.00 … Full story available on Benzinga.com

Expecting the Federal Reserve to boost interest rates five times this year starting in March, Jefferies analysts Ken Usdin and Casey Haire downgrade JPMorgan (JPM) and U.S

DigitalBridge (DBRG) shares slip by nearly 2% in pre-market trading after J.P

JPMorgan reported rising wages and technology spending during its quarterly report.

BofA: If Rates Keep Rising, It Will Soon Be Time To Panic About Currency Debasement BofA''s bearish Chief Investment Strategist, Michael Hartnett, who has been dead on with his fire and brimstone forecasts for the past 6 months, must be getting tired taking victory laps (unlike his Goldman and JPM colleagues who like broken records only know how to repeat BTFD over and over at least until this week when their tune is set to change ). But one thing he may have whiffed on was his tongue-in-cheek suggestion that this weekend we could see an emergency rate hike by the Fed. In his latest Flow Show note titled "Saturday Hike Fever" Hartnett writes that on Saturday Oct 6th 1979 the Fed hiked 100bps (11% to 12%) in response to disorderly 12% inflation. Of course, now inflation is "only" 7.5%, and while there was rampant speculation that we may see an emergency rate hike imminently after the latest CPI print came in red hot - with Hartnett citing Thursday''s probability of Fed hikes intra- meeting in next 3 weeks for 1st time since 1994 just jumped to >25% - this collapsed late on Friday after the Fed unveiled that it would continue its QE tapering until March 9, one week before the next FOMC meeting, taking an early/intermeeting hike off the table.

JPMorgan Chase & Co. (NYSE:JPM) is a New York-based investment bank and multinational financial services corporation that is a top ranked Fortune 500 company. JPMorgan Chase & Co.

LIC IPO offer will include 316.25 million shares on sale. The IPO will be managed by Kotak Mahindra, Citi Bank, Axis Bank, Nomura, Bofa Securities, Goldman Sachs, ICICI Securities, JM Financial and JP Morgan

Goldman Capitulates, Cuts S&P Price Target To 4,900, Warns Of "Recession Downside" To 3,600 It was less than three months ago that a gaping divergence emerged on Wall Street between the two most prominent investment banks: in mid-November, Morgan Stanley''s Michael Wilson published its 2022 equity market outlook, in which it predicted that the S&P would close the coming year at 4,400, some 6% lower from what was then the current level, as a result of multiple contraction emerging from higher yields and urged clients to exit the US and instead focus on Europe and Japan. So far it has been spot on, with the S&P hitting and then dropping below the bank''s year end price target. One day later, taking a far more cheerful approach, Goldman''s David Kostin - who like JPM''s Marko Kolanovic simply refuses to acknowledge any/all bearish catalyst until they are well in the rearview mirror - published his far more cheerful view on where stock will trade in the coming years, forecasting that the S&P 500 will climb by 9% to 5100 at year-end 2022, "reflecting a prospective total return of 10% including dividends." While there were pages and pages of gratuitous goalseeked justifications (which nobody would bother to read) for the bank''s price target, we wrote that effectively "this entire note boils down to two things: the Fed model, i.e., rates are so low so investors have to buy stocks and FOMO, or there is nothing else all that money sloshing around can buy ." Fast forward three months later when neither of these is the case, with rates (especially real rates) surging in the past month... ... as the reality of a looming violent, almost Volcker-like rate hiking cycle dawned upon Wall Street... ... derailing any speculation that stocks are now cheap at 20x+ PE multiples based on yields and equity risk premia, and with many markets sliding into either a correction or bear market, one can certainly kiss any FOMO goodbye for the near future.

Goldman Sachs , JPMorgan Chase & Co and Morgan Stanley said on Friday they are dropping the requirement for staff to wear masks in the office.

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JPM initiated Chesapeake Energy (CHK) at buy pre market, as the post-bankruptcy Company is better positioned to return cash to shareholders. Bankruptcy allowed CHK to renegotiate…

JPMorgan analyst Ken Goldman downgraded Kellogg Co (NYSE: K ) to Underweight from Neutral with a price target of $57, down from $64, implying a 10.38% downside. The analyst thinks the company''s 2022 guidance for about $4.12 to $4.17 in earnings per share, including currency, is aggressive, and he models for $3.90. Kellogg''s enterprise value to … Full story available on Benzinga.com

Australia’s public prosecutor has pulled out a case against Citigroup, Deutsche Bank and several former executives over a A$2.5 billion share issuance in 2015. The public prosecutor’s office has withdrawn the case after nearly four years of pre-trial hearings, according to the Australian Competition and Consumer Commission (ACCC), which was first to refer the matter to the prosecutor. No reason was given by the ACCC for the withdrawal. «We respect the independent decision of the [Commonwealth Director of Public Prosecutions], and with them will consider what lessons can be learnt from this matter,» said ACCC chair Rod Sims in a statement. Unsold Shares The case is based on phone calls in 2015 about a A$2.5 billion ($1.8 billion) stock issuance between multiple banks. The banks discussed unissued shares they were left holding and staff were heard saying they would withhold from selling to prevent a sharp supply increase that could cause the price to fall. Also on the calls was J.P. Morgan, which notified regulators about the issue in exchange for immunity on legal advice, according to its staff at the hearings, though they said they never viewed the discussions as improper.