Jpmorgan Chase Stock News

LONDON (Reuters) American banking giant JPMorgan has merged most of its European Union businesses into a single entity in Germany, it said on Monday, seeking to make its business in the bloc more competitive after Britains departure.

Roughly a year after China''s internet technology stocks took a beating from new regulations, JPMorgan now sees clear business opportunities for a few companies.

American Megabanks Including Citi & JPM Order Workers Back To The Office In London & NYC In the latest sign that the "elites" have finally had enough of pretending to care about COVID safety precautions , two American megabanks announced on Friday new plans to recall workers to the office. First, Citigroup (which unveiled a draconian vax mandate earlier this month with a deadline of compliance that has already passed) emailed a notice to staffers in the Greater NYC area asking them to start preparing to return to the office. It even set a preliminary date of Monday, Feb. 7 as the new ''first day back'' for offices in NY, NJ & CT. Citi has said it plans to continue to closely monitor local health data wherever it has offices across the US. Meanwhile, across the pond, the bank has asked its London staff to report to their office desks at least three days a week once the British government has finally decreed that Britons no longer need to work from home, according to Bloomberg. For the record, the NYC-based bank asked its workers to revert to working from home at the start of the year as the US CDC''s case numbers soared.

Here Comes The Pivot: JPM Sees Sharp Slowdown In US Economy, "No Further Hawish Developments From The Fed" For much of the past month we have been warning that as the broader investing public has been fascinated by the mounting speculation that the Fed will hike 4 times (or even "six or seven" times, thank you Jamie Dimon) and commence shrinking its balance sheet, the US economy had quietly hit a major air pocket and - whether due to Omicron or because the vast majority of US consumers are once again tapped out (see more below) - US GDP growth is now rapidly collapsing and may turn negative as soon as this or next quarter as the US economy contracts for the first time since the covid shutdowns in Q1/Q2 2020. 10Y yield LOD 1.82128% as market realizes that Fed is hiking "six or seven times" into a deep slowdown zerohedge (@zerohedge) January 20, 2022 Throw in the lack of a new Biden stimulus (BBB is dead as a doornail, courtesy of Manchin), and soaring gas prices (Goldman, Morgan Stanley and Bank of America all see Brent hitting triple digits in the near term, while a Russia-Ukraine war would send oil to $150 and crash the global economy), and we are willing to go on the record that a recession before the November midterms is virtually assured.

Top bankers at Goldman Sachs and JPMorgan got bonuses as high as $15 million this week after last year''s flurry of dealmaking -- and investors aren''t happy.

Callon Petroleum <> plummets as J.P. Morgan downgrades shares to Underweight from Neutral with a $62 price target and crude oil futures fall nearly 2%.While Callon is making

JPM Spots A Crack In The Market One Day Ahead Of $3 Trillion OpEx Earlier today we quoted a JPMorgan trader who was wondering if after yesterday''s mid-day swoon, the result of systematic, vol-targeting and CTA strategies unleashing a barrage of sell orders, if today''s action would be similar, to wit: "Lets see if we can hold pre-market gains throughout the session as yesterday afternoon felt like systematic selling. If 1.90% was a buy-level in bonds, then we may have a relief rally being initiated led by Tech." A few hours later we found out the answer, and it was a resounding no, because just around the time European market closed, the selling resumed, and boy was it glorious: So what happened? Well, clearly there were more sellers than buyers (yes, contrary to the ridiculous response that sellers and buyers are always the same, sellers can certainly be more than buyers, and it is the price that reflects relative selling or buying pressure). But there was something more, because as as JPMorgan''s quant and derivative strategist Peng Cheng observed, after weeks of relentless buying the dip by retail traders, on Thursday retail investors net sold $53mm, with $400mm coming in the last 2 hours.

https://www.investing.com/news/stock-market-news/jpmorgan-board-lifts-ceo-dimons-pay-to-345-million-2744328

Jamie Dimon Gets Pay-Rise To $34.5 Million In 2021, Goldman Banker Bonuses Surge 40-50% After scraping by on just $31.5 million a year in both 2019 and 2020, JPMorgan''s board has decided that CEO Jamie Dimon deserves a pay rise in 2021 (well, have you see what inflation is doing to the cost of living?). The 10% pay-rise notably outweighs inflation though as the package includes $28 million of restricted stock tied to performance, an annual base salary of $1.5 million and a $5 million cash bonus - pushing his total compensation up 10% YoY to $34.5 million. Amid the continued challenges of Covid-19 and supply chain disruptions, under Mr. Dimons stewardship, the firm continued to serve its clients and customers around the world, the bank said in the filing. It did so during a time of unprecedented business demands, while supporting and providing a safe work environment for its employees and investing in and executing on strategic initiatives. As a reminder, both Dimon and his top deputy, Daniel Pinto, were awarded special bonuses last year to entice them to stay in their roles for a significant number of years. And one more thing

JPMorgan Chase (JPM) CEO Jamie Dimon gets a 9.5% raise for 2021 with total compensation of $34.5M, up from $31.5M in 2020.Includes annual base salary of $1.5M and performance-based

Greenwald: Congress''s 1/6 Committee Claims Absolute Power As It Investigates Citizens With No Judicial Limits Authored by Glenn Greenwald via greenwald.substack.com , In its ongoing attempt to investigate and gather information about private U.S. citizens, the Congressional 1/6 Committee is claiming virtually absolute powers that not even the FBI or other law enforcement agencies enjoy. Indeed, lawyers for the committee have been explicitly arguing that nothing proscribes or limits their authority to obtain data regarding whichever citizens they target and, even more radically, that the checks imposed on the FBI (such as the requirement to obtain judicial authorization for secret subpoenas) do not apply to the committee. US Representatives Elaine Luria, Adam Schiff, Liz Cheney, Jamie Raskin, Adam Kinzinger and Chairman Bennie Thompson, speak to the media following testimony during the Select Committee to Investigate the January 6th Attack on the US Capitol (Photo by OLIVIER DOULIERY/AFP via Getty Images) As we have previously reported and as civil liberties groups have warned , there are serious constitutional doubts about the existence of the committee itself.

Capital One will take over BJ''s portfolio from ADS, and JPMorgan will work with Instacart on a credit card program.

Futures Recover From Wednesday Rout As Yields, VIX Stabilize Whereas the stock plunge on Tuesday could be blamed on surging rates, the repeat tumble on Wednesday took place as Treasury yields dropped sharply, so with markets at a loss how to read rate signals, so far this morning S&P e-mini futures have rebounded by 23 points ot 0.5% from yesterday''s low just above 4,500 - a key support level according to JPMorgan - as volatility eased and global bond yields appear to have stabilize for now, and hours after China''s latest easing measure when Beijing lowered mortgage lending benchmark rates on Thursday as monetary authorities step up efforts to prop up the slowing economy. 10Y Treasuries rose from session lows, last trading at 1.84%, European stocks fluctuated as the dollar index was little changed and crude oil slipped after a three-day rally as gold held around a two-month high. China''s cut to the one-year and five-year loan prime rates (LPR) which lowered the one-year LPR by 10 basis points to 3.70% from 3.80% - the second consecutive monthly cut - and the five-year LPR by 5 basis points to 4.60% from 4.65%, its first cut since April 2020. ... followed surprise cuts by China''s central bank on Monday to its short- and medium-term lending rates, and came days after the central bank''s vice governor flagged more moves ahead.

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JPMorgan Trading Desk Commentary: "The Reality Is No One Is Really Buying Anything Right Now" With markets in flux and traders uncertain what to do now that it has been almost three weeks without a new all time high ahead of a FOMC meeting where the hawkish screws will tighten that much more, here is some perspective from the beating heart of one of the largest trading desks in the world, that of JPMorgan (whose traders, judging by the recent comp disclosures are among the best paid in the world, so they should know) WHAT ARE WE SEEING? An unnerving start to the week with the S&P down -1.5%, 10yr up +3.5% (to 1.84%) and VIX creeping higher. Every sector in the red (except energyCrude closing in on $89/bbl) with financials worst performing... a bit of a head scratcher but our trader, Taylor Barry, suggests:Largely, the disappointment in expenses is driving performance... Usually with rates up like this the group would be trading well. But lot of "newer" $$ has come into the sector so potentially weak hands kicking some out....we aren''t seeing much supply.