JPMorgan Chase

Sen. Bernie Sanders (I-Vt.), along with a group of Democratic lawmakers, is reportedly spearheading a bill proposing an increase in taxes for companies that pay their CEOs 50 times more than their median worker. What Happened: The Tax Excessive CEO Pay Act has been introduced to mitigate corporate...

Amid the ongoing conflict with Russia, Ukraine’s President, Volodymyr Zelenskyy, is scheduled to meet JPMorgan Chase & Co (NYSE:JPM)’s CEO, Jamie Dimon, at the World Economic Forum taking place in Davos this week. What Happened: Zelenskyy is expected to push for support to...

Wall Street magnate and CEO of JPMorgan Chase, Jamie Dimon, suggested that Democrats should support former South Carolina Governor Nikki Haley in the Republican primaries. What Happened: In an interview with Andrew Ross Sorkin at The New York Times DealBook ...

In a recent earnings announcement, JPMorgan Chase & Co. (NYSE:JPM)’s CEO Jamie Dimon voiced concern about intensifying global threats, labeling these times as some of the most perilous in recent decades. As reported by CNBC on Thursday, JPMorgan delivered robust profits for...

The U.S. Securities and Exchange Commission, or SEC, has reportedly collected thousands of messages from a broad range of high-profile investment firms. This is part of an escalating investigation into Wall Street’s usage of private messaging applications. What Happened: The SEC has been...

Cryptocurrency markets have experienced a significant rebound over the past month, with Bitcoin (CRYPTO: BTC) leading the way, according to JPMorgan Chase & Co. research. The bank highlighted both Bitcoin and gold have seen gains as they are considered safeguards against a potential "...

Jamie Dimon, Chairman and Chief Executive Officer of JP Morgan Chase & Co. (NYSE: JPM), released his annual letter to shareholders in which he discussed crucial themes such as the current banking crisis, U.S. fiscal and monetary policies, inflationary risks, the war in Ukraine, and the global...

The home furnishings industry is seeing a shining star rise from the pandemic, as Wayfair Inc. (NYSE: W) sets its sights on achieving breakeven or better EBITDA for the first time since 2020. The online retailer's impressive revenue trends have caught the attention of top analysts, with a bevy...

Big U.S. bank stocks kicked off third-quarter earnings season on Friday with a mixed bag of numbers on a difficult day for the market. Here's an overview of the highlights for JPMorgan Chase & Co (NYSE: JPM), Citigroup Inc. (NYSE: C), US Bancorp (NYSE: USB), Morgan Stanley (NYSE: MS),...

Ford Motor Company (NYSE: F) will sell 8 million Rivian Automotive Inc (NASDAQ: RIVN) shares, according to a CNBC report. The post-IPO lockup period for Rivian ends on Sunday.  Ford will sell the shares with the help of Goldman Sachs Group Inc (NYSE: GS).  In March, Rivian reported...

One of the largest banks in the U.S. got even bigger in 2000 with a huge acquisition. The deal combined two well-known financial names to create the second-largest bank in the U.S. at the time. The Acquisition: On Sept. 13, 2000, Chase Manhattan announced it would acquire J.P. Morgan...

After riding swift tailwinds through Q1, the biggest U.S. banks could face tougher times as Q2 earnings loom. That doesn’t mean Q2 year-over-year earnings growth for the Financial sector won’t be immense. Remember, at this time a year ago, the industry was struggling through the worst...