The latest trading session saw JPMorgan Chase & Co. (JPM) ending at $198.31, denoting a -0.61% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 0.27%. At the same time, the Dow lost 0.51%, and the tech-heavy Nasdaq lost 0.19%.Prior to today's trading, shares of the company had gained 3.84% over the past month. This has lagged the Finance sector's gain of 5.74% and the S&P 500's gain of 7.34% in that time.Market participants will be closely following the f ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that m ...

As we approach mid-2024, investors are eagerly searching for the best value stocks to buy. These are typically well-established companies with solid financials, strong brand recognition and a history of consistent dividend payments.Recent economic indicators suggest a favorable environment for value stocks, with a rebounding economy and the prospects of lower inflation. Moreover, savvy investors can look beyond traditional financial metrics such as innovation, market expansion, and management execution. By ...

One of Wall Street's most prominent CEOs seems to be casting an eye toward retirement. Jamie Dimon, who has led JPMorgan Chase (NYSE:JPM) since becoming CEO on Jan. 1, 2006, has indicated that he plans on stepping down in less than five years. While he hasn't named a specific date or even a year, speculation is already rising as to who will replace the man who has guided the investment bank through so much. So far, the prospect of a Jamie Dimon retirement hasn't impacted JMP stock, which is in the green tod ...

Celebrating the list's 25 years — and JPMorgan Chase's 225-year history — with an Anniversary SpotlightNEW YORK, May 21, 2024 /PRNewswire/ -- J.P. Morgan today announced its 25th annual Summer Reading List, a collection of books selected to reflect upon, inspire and propel us forward. With new titles by preeminent educators, creative entrepreneurs, and globally recognized artists and activists, the list takes readers on an adventure from the Peruvian jungle to a Tennessee distillery, Formula 1 racetracks an ...

The expectation of fewer interest rate cuts seems to be a boon for JPMorgan (JPM) . The company now projects net interest income (NII) for 2024 to be nearly $92 billion, up from the prior target of approximately $90 billion. Other than lesser rate cuts, "better-than-expected reprice and migration performance” also drove the NII guidance.JPMorgan announced this and a few other updated/new targets at the Investor Day conference yesterday. The top management also discussed the succession plan and the role of A ...

At JPMorgan Chase, getting trained in artificial intelligence is now part of being hired.The banking giant is having all new hires undergo artificial intelligence (AI) training, Mary Erdoes, who runs the firm’s asset- and wealth-management unit, said Monday (May 20).“This year, everyone coming in here will have prompt engineering training to get them ready for the AI of the future,” said Erdoes, whose comments at JPMorgan’s investor day were reported by Bloomberg News.She said AI is helping her unit in two ...

JPMorgan Chase CEO Jamie Dimon told analysts and investors Monday that he's likely to depart from the company within the next five years as his succession plan starts to come into focus. Dimon made the comments during a question-and-answer session with analysts at JPMorgan Chase's annual investor day. His remarks included a notable shift from his past comments on succession planning, though he opted against giving a definitive timeline."The timetable is not five years anymore," Dimon said. When he has previ ...

In this articleJPMJamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJamie Dimon thinks shares of JPMorgan Chase are expensive.That was the message the bank's longtime CEO gave analysts Monday during JPMorgan's annual investor meeting. When pressed about the timing of a potential boost to the bank's share repurcha ...

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the UK Global Investment Summit at Hampton Court Palace in London, UK, on Monday, Nov. 27, 2023.Jamie Dimon's days as CEO of JPMorgan Chase are numbered — though its unclear by how much.In a response to a question Monday about the bank's succession planning, Dimon indicated that his expected tenure is less than five more years. That's a key change from Dimon's previous responses to succession questions, in which his standard answer had been th ...