Investors are gathering at JPMorgan’s (JPM) Manhattan campus Monday to hear from CEO Jamie Dimon and his executive team, and they will be listening for answers to some key questions. Who might succeed Dimon, the longest-serving boss of a big US bank? Can JPMorgan possibly keep churning out record-breaking profits? How does it plan to
Illustration: Westend61 (Getty Images) After days of tumultuous trading, Bitcoin finally reached $65,000 Friday morning, thanks to its big halving event. The jump in Bitcoin price is a relief for investors as giant banks such as JPMorgan and Goldman Sachs were less confident about the top cryptocurrency in their recent reports. TSMC beat on Q2
Citigroup C shares have been star performers lately, with the stock not only handily outperforming the S&P 500 index this year (+19.8% vs. +6.3%) but also leading JPMorgan JPM (up +16.1%) and Wells Fargo WFC (up +16.7%). Citigroup’s performance lead over its peers extends further if we go back a few months, say to the
An analyst said that any recovery to the housing market will likely be gradual.Richard Newstead/Getty Images The housing market looks to be gradually approaching a recovery. A growing number of mortgage-locked homes are going up for sale, JPMorgan said. Existing-home sales, meanwhile, jumped by nearly 10% in February. The housing market looks like it’s starting
A pair of large investment companies with nearly $7 trillion in assets, said Thursday they exited a climate change investor initiative that aims to pressure companies to quickly cut carbon emissions. JPMorgan Asset Management, which manages $3.1 trillion in assets, has not renewed its membership in Climate Action 100+, saying through a spokesperson that it will oversee
A Who’s Who on Wall Street and the City are chasing ‘disproportionate returns’ in crypto. A Bitcoin ETF and investment in blockchain technology is driving bullish mojo. “Institutions don’t necessarily only look at the short-term news stories — they look over a longer-term cycle.” That’s what Usman Ahmad, CEO of Standard Chartered’s Zodia Markets, told