Blue-chip bank stock JPMorgan Chase (JPM) is nursing an 8% deficit in September, cooling off from its Aug. 30 all-time high of $225.48. Last seen lower today to trade at $206.99, it might be time to buy the dip, if past is precedent, as this pullback has JPM encountering a historically bullish trendline.The trendline in question is the shares’ 100-day moving average and per Schaeffer's Senior Quantitative Analyst Rocky White, JPM has run into this trendline seven times in the last three years. For the purpo ...

JPMorgan (JPM) wants to increase its corporate banking presence in the Swiss markets by utilizing its blockchain technology. Lutz Karl, who oversees JPM’s corporate banking operations in Germany, Switzerland and Austria, said that the Wall Street giant is in discussions with potential clients in Switzerland as the bank projects significant growth in its Swiss corporate banking division over the next three to five years.JPMorgan’s blockchain services are already being used in Germany by Siemens, which is the ...

Shares of JPMorgan (JPM) slumped 5.2% yesterday following statements by the company's president and chief operating officer, Daniel Pinto, during the Barclays Global Financial Services Conference.Pinto provided third-quarter 2024 outlook for major business lines and warned about a potential decrease in 2025 net interest income (NII) – the difference between what banks earn on their assets and what they pay on debts – due to interest rate cuts.JPMorgan’s 2025 NII to be Lower Than Previously ExpectedPinto not ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about JPMorgan Chase & Co. (JPM) .JPMorgan Chase & Co. currently has an average ...

Key TakeawaysJPMorgan shares dropped more than 5% on Tuesday after the bank’s president said Wall Street’s expectations for net interest income and expenses in 2025 were overly optimistic amid impending interest rate cuts and lingering inflation.Since the start of September selling has intensified in the stock, with Tuesday’s drop occurring on the highest trading volume since mid April, indicating active participation by larger market participants.Investors should monitor key lower price levels on JPMorgan' ...

JPMorgan Chase & Co. (NYSE:JPM) Barclays Global Financial Services Conference 2024 September 10, 2024 9:45 AM ET Company Participants Daniel Pinto - President and Chief Operating Officer Unidentified Analyst Moving right along, very pleased to have JPMorgan Chase with us once again from the company we have Daniel Pinto, President and Chief Operating Officer. Daniel, thank you. Daniel Pinto Thank you. Nice to be here. Question-and-Answer Session Q - Unidentified Analyst Obviously, we're going to spend a lot ...

JPMorgan Chase & Co. (NYSE:JPM) Barclays Global Financial Services Conference 2024 September 10, 2024 9:45 AM ET Company Participants Daniel Pinto - President and Chief Operating Officer Unidentified Analyst Moving right along, very pleased to have JPMorgan Chase with us once again from the company we have Daniel Pinto, President and Chief Operating Officer. Daniel, thank you. Daniel Pinto Thank you. Nice to be here. Question-and-Answer Session Q - Unidentified Analyst Obviously, we're going to spend a lot ...

JPMorgan Chase is focused on succession planning and has a cadre of “extremely” qualified people who are prepared to run the bank eventually, CEO Jamie Dimon said Tuesday.Dimon and his team spend a lot of time thinking about what happens after he retires, Dimon said, without giving a timeframe.“We all want to get that exactly right,” he told pension funds and institutional investors at a conference in New York.JPMorgan CEO Jamie Dimon said he and his team spend a lot of time thinking about what happens afte ...

Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024.JPMorgan Chase CEO Jamie Dimon said Tuesday he wouldn't rule out stagflation, even with greater confidence recently that inflation is coming off its highs."I would say the worst outcome is stagflation — recession, higher inflation," Dimon said at a fall conference from the Council of Institutional Investors in Brooklyn, New York ...

Core Viewpoint - JPMorgan is a well-established financial institution with a focus on preferred securities for income generation while maintaining potential for capital gains [1] Financial Performance - JPMorgan reported a net interest income of $22.75 billion for Q2, reflecting a year-over-year increase of over 4% [1] - The total net non-interest income was nearly $4 billion, indicating strong performance in this area [2] - The provision for credit losses increased from $2.9 billion to $3.05 billion year-over-year, but the bank still reported a pre-tax income of $23.4 billion, demonstrating its ability to cover anticipated losses [3] Preferred Securities - The Series MM preferred stock, with a 4.2% dividend yield, has seen a price increase of 19% since October 2023, resulting in a total return exceeding 20% [4] - The Series DD preferred stock offers a 5.75% dividend yield, but is trading at a premium, leading to a current yield of just under 5.7% [5] - The Series EE preferred shares have a 6% dividend coupon and are trading at a slightly higher price than Series DD, with a current yield of approximately 5.9% [7] Investment Considerations - The likelihood of the Series EE preferred shares being called is higher due to their higher coupon rate, making them a less cost-efficient funding option for the bank [9] - The potential for capital loss exists if interest rates decrease and JPMorgan opts to call the more expensive capital [10]