JPMorgan Chase on Friday topped analysts’ expectations for third-quarter profit and revenue as the bank generated more interest income than expected, while credit costs were lower than expected. Here’s what the company reported: Earnings: $4.33 a shareRevenue: $40.69 billion, vs. $39.63 billion LSEG estimate The bank said profit surged 35% to $13.15 billion, or $4.33 a … Read more
A Now hiring sign at Taco Bell in Fullerton, CA, on Monday, Sept. 13, 2021. Jeff Gritchen | Medianews Group | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy right now. “I’m not sure how … Read more
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images Coinbase CEO Brian Armstrong is unhappy with JPMorgan Chase’s decision to block crypto-related transactions at its U.K. digital banking subsidiary, Chase UK. Chase UK earlier … Read more
Arm Holdings CEO Rene Haas rings the Nasdaq opening bell at the Nasdaq MarketSite on September 14, 2023 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
Arm Holdings CEO Rene Haas rings the Nasdaq opening bell at the Nasdaq MarketSite on September 14, 2023 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
JPMorgan Chase said Tuesday it will pay $75 million to settle a lawsuit by the U.S. Virgin Islands alleging that the American bank facilitated and benefited from the sex trafficking of young women by its longtime customer Jeffrey Epstein. JPMorgan did not admit any wrongdoing in the settlement, which will give $55 million to Virgin … Read more
Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images Chase UK, the British challenger bank brand of JPMorgan, has blocked customers in the U.K. from purchasing crypto assets. The company said in a statement Tuesday that, starting Oct. 16, Chase UK … Read more
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co. Emily Elconin | Bloomberg | Getty Images LONDON — JPMorgan Chase Chairman and CEO Jamie Dimon struck a bullish tone at the India Investor Summit, saying the optimism surrounding the country at the moment is “completely justified.” “Look at this conference. I remember … Read more
Rene Haas, chief government officer of Arm Ltd., heart, in the course of the firm’s IPO on the Nasdaq MarketSite in New York, US, on Thursday, Sept. 14, 2023. Michael Nagle | Bloomberg | Getty Pictures This report is from right now’s CNBC Every day Open, our new, worldwide markets e-newsletter. CNBC Every day Open … Read more