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Tag: JPMorgan Chase & Co

  • Cullen Capital Management LLC Sells 40,578 Shares of JPMorgan Chase & Co. $JPM

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    Cullen Capital Management LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,006,665 shares of the financial services provider’s stock after selling 40,578 shares during the quarter. JPMorgan Chase & Co. comprises about 3.5% of Cullen Capital Management LLC’s investment portfolio, making the stock its biggest position. Cullen Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $317,532,000 at the end of the most recent quarter.

    Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. boosted its stake in JPMorgan Chase & Co. by 450.0% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 110 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 90 shares during the period. Mountain Hill Investment Partners Corp. acquired a new position in JPMorgan Chase & Co. in the 3rd quarter valued at $32,000. Family Legacy Financial Solutions LLC increased its position in JPMorgan Chase & Co. by 92.6% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 104 shares of the financial services provider’s stock worth $33,000 after buying an additional 50 shares during the period. Finally, Clarity Asset Management Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 87.1% during the second quarter. Clarity Asset Management Inc. now owns 217 shares of the financial services provider’s stock worth $63,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

    Insider Activity at JPMorgan Chase & Co.

    In related news, CFO Jeremy Barnum sold 2,893 shares of JPMorgan Chase & Co. stock in a transaction on Friday, January 16th. The shares were sold at an average price of $312.79, for a total transaction of $904,901.47. Following the completion of the transaction, the chief financial officer owned 26,696 shares of the company’s stock, valued at $8,350,241.84. This trade represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jennifer Piepszak sold 8,571 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $312.79, for a total transaction of $2,680,923.09. Following the completion of the transaction, the chief operating officer owned 71,027 shares in the company, valued at approximately $22,216,535.33. The trade was a 10.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,868 shares of company stock worth $4,650,596 over the last ninety days. Insiders own 0.47% of the company’s stock.

    JPMorgan Chase & Co. Stock Performance

    Shares of JPMorgan Chase & Co. stock opened at $302.62 on Friday. The stock has a market cap of $823.82 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.48 and a beta of 1.07. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $337.25. The company’s fifty day moving average is $315.53 and its 200 day moving average is $307.56. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.27.

    JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 EPS for the quarter, topping the consensus estimate of $4.93 by $0.30. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.The firm had revenue of $45.80 billion for the quarter, compared to the consensus estimate of $45.98 billion. During the same period in the previous year, the business earned $4.81 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

    JPMorgan Chase & Co. Announces Dividend

    The business also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Tuesday, January 6th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, January 6th. JPMorgan Chase & Co.’s payout ratio is currently 29.99%.

    Trending Headlines about JPMorgan Chase & Co.

    Here are the key news stories impacting JPMorgan Chase & Co. this week:

    Analyst Ratings Changes

    Several research firms recently commented on JPM. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Sunday, January 18th. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $350.00 to $360.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Truist Financial set a $334.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 14th. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and set a $280.00 price target on the stock in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Monday, December 22nd. Fourteen analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $340.18.

    Read Our Latest Stock Report on JPM

    JPMorgan Chase & Co. Profile

    (Free Report)

    JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

    The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

    Further Reading

    Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

    Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)



    Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • GWN Securities Inc. Cuts Position in JPMorgan Chase & Co. $JPM

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    GWN Securities Inc. decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 43.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,061 shares of the financial services provider’s stock after selling 4,697 shares during the period. GWN Securities Inc.’s holdings in JPMorgan Chase & Co. were worth $1,928,000 as of its most recent SEC filing.

    A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its stake in JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Acorns Advisers LLC raised its holdings in JPMorgan Chase & Co. by 6.9% in the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock worth $379,000 after buying an additional 100 shares during the last quarter. CX Institutional raised its holdings in JPMorgan Chase & Co. by 5.0% in the second quarter. CX Institutional now owns 25,830 shares of the financial services provider’s stock worth $7,488,000 after buying an additional 1,220 shares during the last quarter. Proathlete Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.9% in the second quarter. Proathlete Wealth Management LLC now owns 5,341 shares of the financial services provider’s stock worth $1,554,000 after buying an additional 48 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of JPMorgan Chase & Co. by 11.9% during the second quarter. GAMMA Investing LLC now owns 107,490 shares of the financial services provider’s stock valued at $31,163,000 after buying an additional 11,461 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

    Key JPMorgan Chase & Co. News

    Here are the key news stories impacting JPMorgan Chase & Co. this week:

    • Positive Sentiment: Big‑bank fundamentals remain supportive — the industry recap shows strong Q4 profit results for major banks, helping underpin JPM’s earnings outlook and investor confidence. Bank Stocks: Another Quarter of Double-Digit S&P 500 Earnings Growth?
    • Positive Sentiment: Analysts and institutional flows appear resilient — several notes and coverage updates show buy ratings and commentary that JPM can withstand headline noise, which helps limit downside from political/legal stories. JPMorgan Chase Stock (JPM) Defies Trump’s $5B Lawsuit
    • Neutral Sentiment: Debt issuance completed — JPM completed $6 billion of public offers, a financing action that is likely routine but worth noting for short‑term balance‑sheet and funding metrics. JPMorgan Chase Issues $6 Billion in New Debt
    • Neutral Sentiment: JPMorgan publicly disputes the lawsuit’s merits — the bank issued a statement saying it does not close accounts for political reasons and will defend itself, which should limit immediate reputational escalation. JPMorganChase Statement Regarding President Trump’s Lawsuit
    • Neutral Sentiment: Portfolio rebalancing item — JPMorgan no longer reports as a substantial holder in Telix Pharmaceuticals; small housekeeping item without clear impact on JPM’s core operations. JPMorgan Ceases to Be Substantial Holder in Telix Pharmaceuticals
    • Negative Sentiment: Major lawsuit filed by former President Trump seeking $5B for alleged “political” debanking — this creates headline and legal risk, potential discovery/regulatory exposure, and political noise; however, analysts note the claim is small relative to JPM’s scale (the amount is a small fraction of annual revenue). Monitor legal filings and any wider regulatory follow‑up. Trump Sues JPMorgan for Closing His Bank Accounts for Political Reasons
    • Negative Sentiment: CEO compensation jump to $43M (roughly a 10% increase) may attract governance and political criticism — a near‑term PR negative that could amplify scrutiny given the simultaneous lawsuit naming CEO Jamie Dimon. JPMorgan CEO Jamie Dimon’s pay rises to $43 million in 2025

    JPMorgan Chase & Co. Stock Performance

    Shares of JPM opened at $303.22 on Friday. The firm has a market capitalization of $825.44 billion, a P/E ratio of 15.15, a PEG ratio of 1.48 and a beta of 1.07. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.85 and a quick ratio of 0.86. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $337.25. The business has a fifty day moving average of $314.57 and a 200 day moving average of $305.51.

    JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share for the quarter, beating analysts’ consensus estimates of $4.93 by $0.30. The company had revenue of $46.77 billion for the quarter, compared to the consensus estimate of $45.98 billion. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.JPMorgan Chase & Co.’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.81 earnings per share. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

    JPMorgan Chase & Co. Dividend Announcement

    The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Tuesday, January 6th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.99%.

    Insider Buying and Selling at JPMorgan Chase & Co.

    In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 8,571 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $312.79, for a total transaction of $2,680,923.09. Following the completion of the sale, the chief operating officer directly owned 71,027 shares of the company’s stock, valued at approximately $22,216,535.33. This represents a 10.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robin Leopold sold 966 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the transaction, the insider owned 58,479 shares in the company, valued at $18,240,769.68. The trade was a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 15,834 shares of company stock valued at $4,951,910. 0.47% of the stock is owned by corporate insiders.

    Analyst Ratings Changes

    JPM has been the subject of a number of recent analyst reports. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $354.00 to $363.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. DZ Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, January 14th. Morgan Stanley set a $331.00 price objective on JPMorgan Chase & Co. in a report on Tuesday, December 9th. Finally, Daiwa Capital Markets boosted their target price on JPMorgan Chase & Co. from $345.00 to $353.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target of $336.32.

    Read Our Latest Analysis on JPM

    JPMorgan Chase & Co. Profile

    (Free Report)

    JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

    The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

    See Also

    Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

    Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)



    Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Trump threatens to sue JPMorgan Chase for ‘debanking’ him

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    Jamie Dimon, Chairman and CEO, JPMorganChase, speaks during the Reagan National Defense Forum at the Ronald Reagan Presidential Library in Simi Valley, California, U.S. December 6, 2025.

    Jonathan Alcorn | Reuters

    President Donald Trump on Saturday threatened to sue JPMorgan Chase over allegedly “debanking” him following the Jan. 6, 2021, riot at the U.S. Capitol.

    “I’ll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting,” Trump said in a social media post. “The Election was RIGGED!”

    “While we won’t get specific about a client, we don’t close accounts because of political beliefs,” said JPMorgan spokesperson Trish Wexler. “We appreciate that this Administration has moved to address political debanking and we support those efforts.”

    In August, Trump signed an executive order requiring banks to ensure they are not refusing financial services to clients based on religious or political beliefs, a practice known as “debanking.”

    Trump claimed without evidence in an August CNBC interview that he was personally discriminated against by banks. He said JPMorgan Chase and Bank of America refused to take his deposits following his first term in office.

    At the time, JPMorgan said it does not close accounts for political reasons, while Bank of America said it doesn’t comment on client matters. BofA also said it would welcome clearer rules from regulators on how to conduct its activities.

    Trump and his family have a history of railing against financial institutions for allegedly refusing to work with them on the basis of their political orientation.

    Last year, Donald Trump Jr. said his family had difficulty accessing big bank services — a situation that allegedly prompted the Trumps to enter the cryptocurrency industry.

    “So, [my family] got into crypto, not because it was like, ‘hey, this is the next cool thing,’ we got into it out of necessity,” Trump Jr. told CNBC in an interview last June.

    JPMorgan shares are down about 5% over the past week, even after the bank on Tuesday topped expectations for its fourth-quarter earnings and revenue. The shares, and others in the banking sector, fell in response to Trump’s demand to cap credit card rates at 10%, giving financial firms until Jan. 20 to comply.

    Trump’s legal threat against JPMorgan comes as the president, in the same Truth Social post, denied a Journal report on Wednesday that said the president had offered JPMorgan CEO Jamie Dimon the position of Federal Reserve chairman months ago during a meeting at the White House.

    Dimon took the proposition as a joke, according to the Journal report.

    In his post, Trump denied the report, underscoring his reservations about Dimon and JPMorgan.

    “This statement is totally untrue, there was never such an offer,” he wrote. “Why wouldn’t The Wall Street Journal call me to ask whether or not such an offer was made? I would have very quickly told them, “NO,” and that would have been the end of the story.”

    JPMorgan’s Wexler said the “offer” reported by the Journal was a miscommunication. “I should have been more vigilant in correcting that word while attempting to dispute the WSJ’s anonymous sources,” she said.

    The Journal did not immediately respond to a request for comment sent outside of normal business hours.

    Current Fed Chairman Jerome Powell’s term ends on May 15.

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  • Louisiana State Employees Retirement System Decreases Holdings in JPMorgan Chase & Co. $JPM

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    Louisiana State Employees Retirement System cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,300 shares of the financial services provider’s stock after selling 2,300 shares during the quarter. JPMorgan Chase & Co. comprises about 0.8% of Louisiana State Employees Retirement System’s investment portfolio, making the stock its 15th biggest position. Louisiana State Employees Retirement System’s holdings in JPMorgan Chase & Co. were worth $45,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

    Other hedge funds and other institutional investors also recently modified their holdings of the company. Peterson Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 1.6% during the 3rd quarter. Peterson Wealth Advisors LLC now owns 2,063 shares of the financial services provider’s stock worth $635,000 after acquiring an additional 33 shares in the last quarter. TradeWell Securities LLC. lifted its position in shares of JPMorgan Chase & Co. by 0.3% during the third quarter. TradeWell Securities LLC. now owns 12,333 shares of the financial services provider’s stock worth $3,832,000 after purchasing an additional 34 shares in the last quarter. Sharkey Howes & Javer boosted its stake in shares of JPMorgan Chase & Co. by 1.9% in the third quarter. Sharkey Howes & Javer now owns 1,785 shares of the financial services provider’s stock valued at $563,000 after purchasing an additional 34 shares during the period. JFS Wealth Advisors LLC grew its holdings in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 7,897 shares of the financial services provider’s stock valued at $2,290,000 after purchasing an additional 35 shares in the last quarter. Finally, Cottonwood Capital Advisors LLC grew its holdings in JPMorgan Chase & Co. by 0.9% during the 2nd quarter. Cottonwood Capital Advisors LLC now owns 3,837 shares of the financial services provider’s stock valued at $1,112,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

    Key JPMorgan Chase & Co. News

    Here are the key news stories impacting JPMorgan Chase & Co. this week:

    • Positive Sentiment: Q4 beat on key metrics — JPM reported $5.23 EPS vs. consensus and $46.8B revenue, helped by strong trading and net interest income; management reiterated a resilient U.S. consumer backdrop. Q4 Results Press Release
    • Positive Sentiment: Wall Street support remains — several firms (and at least one major analyst reiteration) continue to rate JPM a buy and keep elevated price targets, providing a floor under shares despite the selloff. Analyst Reiterate Buy
    • Neutral Sentiment: Management flagged higher strategic spending (tech/AI, payments buildout) and signaled expense growth in 2026 — a long‑term positive for competitiveness but near‑term margin pressure. Dimon on Tech/AI Investment
    • Negative Sentiment: One‑time Apple Card-related charge (~$2.2B reserve) and higher loan‑loss provisions trimmed reported profit, weighing on headlines despite the adjusted beat. Reuters: Profit Falls on Apple Card Charge
    • Negative Sentiment: Investment‑banking fees unexpectedly fell versus estimates (weaker advisory/deal activity), a direct hit to a high‑margin business line and a key reason traders downgraded sentiment. WSJ: IB Fees Slip
    • Negative Sentiment: Regulatory overhang — the White House proposal to cap credit‑card APRs at 10% has become a sector‑wide risk; JPM’s CFO warned it could reduce access to credit, and the possibility of policy action is pressuring bank multiples. CNBC: Credit Card Cap Coverage
    • Negative Sentiment: Market reaction reflects valuation and sentiment — banks were trading at rich multiples, so even a mixed report plus policy risk triggered a broader pullback in financials that hit JPM despite fundamentals. MarketBeat: Banks Punished After Earnings

    JPMorgan Chase & Co. Trading Down 1.0%

    Shares of NYSE JPM opened at $307.87 on Thursday. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $337.25. The company has a market cap of $838.10 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.52 and a beta of 1.07. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. The stock’s 50 day simple moving average is $315.52 and its 200 day simple moving average is $305.01.

    JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.93 by $0.30. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.The company had revenue of $46.77 billion for the quarter, compared to analysts’ expectations of $45.98 billion. During the same period last year, the business posted $4.81 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

    JPMorgan Chase & Co. Announces Dividend

    The company also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Tuesday, January 6th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, January 6th. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

    Analysts Set New Price Targets

    Several brokerages have recently weighed in on JPM. Citigroup raised their target price on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. Wall Street Zen downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Loop Capital set a $310.00 target price on JPMorgan Chase & Co. in a research note on Thursday, October 23rd. Daiwa Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $345.00 to $353.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Finally, The Goldman Sachs Group upped their price target on shares of JPMorgan Chase & Co. from $354.00 to $386.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Fifteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $335.91.

    Read Our Latest Stock Analysis on JPM

    Insider Buying and Selling

    In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the sale, the insider owned 58,479 shares in the company, valued at approximately $18,240,769.68. This trade represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.47% of the company’s stock.

    About JPMorgan Chase & Co.

    (Free Report)

    JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

    The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

    Featured Articles

    Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

    Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)



    Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Celebrate Your Financial New Year: A Q&A With Atlanta Community Manager, Laurie Winters

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    As 2025 draws to a close, it’s a great time to reflect on the year and set yourself up for success in 2026. Whether you’re building new habits or refining your financial strategy, Laurie Winters, Chase Community Manager in Atlanta, shares practical tips to strengthen your financial health journey.

    Q:  What’s been a key financial health learning for you in 2025?
    A:     This year, I’ve been really inspired by the enthusiasm in Atlanta for financial education. People here aren’t afraid to dream big—buy a home, save for retirement, plan for college, or grow their business—and are really excited about the process to get there. One of the most rewarding parts of my job is helping connect them with the tools and knowledge to turn those dreams into reality.

    One trend that stands out is the increasing complexity of fraud and scams. These can have a serious impact on anyone’s financial wellbeing. That’s why I’ve made it a priority to host workshops focused on fraud prevention—covering the latest scams, warning signs, and practical steps to help safeguard your personal information. Staying informed and proactive is the best way to keep yourself and your loved ones safe.


    Q: As the year wraps up, what should the Atlanta community keep in mind about their finances?
    A:     The new year is a fresh start, and it’s the great time to build habits that set you up for success. Here are a few ways to get started:

    • Think of your budget as your personal roadmap—it shows you exactly where your money is going and helps you steer toward your goals. Take a little time each month to track your income and expenses. When you set a budget that truly reflects your priorities, you’re not just managing money—you’re empowering yourself to make confident decisions
    • Saving doesn’t have to be overwhelming. Even small, consistent deposits can grow into something meaningful over time. Try automating your savings so it happens without you even thinking about it—like paying yourself first. Watching your savings grow, no matter the amount, is a powerful way to build financial security and peace of mind.
    • Your credit score is more than just a number—it’s a key that can unlock new opportunities, from buying a home to starting a business. Strengthen your credit by paying bills on time and keeping your balances manageable.

    Q:  What are some tips for your neighbors to start the new year on the right financial foot?
    A: No matter where you are in your financial journey, I think everyone should do a year-end financial check-up. Review your budget and savings, set realistic goals, and make a plan you can stick to in the new year. Anyone can visit their local Chase branch and ask about getting access to a financial health check-up at no cost—available to all, no matter who you bank with. Our teams live, work, and are rooted here – and we are deeply committed to uplifting the communities and serving our neighbors every day.

    As Community Manager, I’m focused on financial education and community partnership to help strengthen financial health journeys. I host free workshops on essential topics like budgeting, saving, building credit, and preventing fraud and scams. These workshops are open to all, not just Chase customers, and can help you start the new year on the right foot. 

    Q: What financial health initiatives are you excited about in 2026?
    A:     I’m especially excited to help demystify credit for our community. Credit can feel intimidating, but it’s actually a powerful tool that can help you unlock new opportunities—whether that’s buying a home, starting a business, or simply getting better rates on everyday purchases. In my workshops, I break down the basics: why it’s important to know your credit score, how to check it, and simple steps you can take to improve it—like paying bills on time, keeping balances low, and avoiding unnecessary debt. We also talk about how your credit score can be a stepping stone to achieving your biggest goals. My advice? Don’t shy away from learning about credit. The more you understand, the more control you have over your financial future.

    Q: How can neighbors get involved and benefit from your community work?
    A:     Getting involved is easy—and it can make a real difference in your financial journey. We have Community Managers in every state and D.C., all dedicated to supporting their local neighborhoods. Our free workshops cover essential topics like budgeting, saving, building credit, and protecting yourself from fraud and scams. These sessions are open to everyone, not just Chase customers, and are designed to be practical and welcoming. Whether you’re looking for guidance, want to ask questions, or just want to connect with others who are working toward similar goals, we’re here for you. I encourage you to join us, bring a friend, and take advantage of the resources and support available right in your community.


    Q: If you could give one piece of financial advice to the community for 2026, what would it be?
    A: My top advice is to be proactive: take the time to review your finances, set clear and achievable goals, and create a plan to reach them. Don’t wait for a crisis or a big life event to get started—small steps today can lead to big results tomorrow. And remember, you don’t have to do it alone. Our team is here to help, whether you need a quick check-up, want to talk through your options, or need help building a plan. You don’t need to be a Chase customer to benefit from our expertise and support. We’re committed to helping our neighbors build a stronger, more resilient financial future—one step at a time.

    The bottom line

    The end of the year is the perfect time to reset your financial goals and take positive steps toward a stronger future. Stop by your local Chase branch for a free financial check-up, sign up for one of my free workshops, and let our team help you start 2026 with confidence.

    For informational/educational purposes only: Views and strategies described on this article or provided via links may not be appropriate for everyone and are not intended as specific advice/recommendation for any business. Information has been obtained from sources believed to be reliable, but JPMorgan Chase & Co. or its affiliates and/or subsidiaries do not warrant its completeness or accuracy. The material is not intended to provide legal, tax, or financial advice or to indicate the availability or suitability of any JPMorgan Chase Bank, N.A. product or service. You should carefully consider your needs and objectives before making any decisions and consult the appropriate professional(s). Outlooks and past performance are not guarantees of future results. JPMorgan Chase & Co. and its affiliates are not responsible for, and do not provide or endorse third party products, services, or other content.

    Deposit products provided JPMorgan Chase Bank, N.A. Member FDIC. Equal Opportunity Lender.

     © 2025 JPMorgan Chase & Co.

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  • Cash App’s Moneybot might know your spending habits better than you do

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    NEW YORK (AP) — Imagine if your bank could move money for you with only the slightest of digital nods for your approval. Or that could tell you that you’re overspending but more importantly know how to address that overspending and put you on better financial footing.

    That’s what you’ll get with Moneybot, a new financial services chatbot shown off this week by Cash App that will be slowly introduced into its banking app this winter. Unlike existing bank chatbots, which can handle routine tasks like changing an address, Moneybot can take advanced actions for a customer like creating a savings plan, buying or selling stock, or even evaluating a customer’s spending habits.

    Moneybot is part of the next generation of chatbots using what the tech industry calls “agentic” AI, which turns tools like ChatGPT into an “AI agent” that can take action online on a person’s behalf. That means, instead of just writing text, answering questions or recommending products found online, an “agentic” chatbot could also buy a product.

    Amazon now has Rufus to go with Alexa, which both either provide information on products or can buy things on customers’ behalf. Walmart is rolling out “Chat & Buy” and Microsoft has Copilot Shopping.

    Agentic AI, for being so new, is already causing some controversy. Amazon is suing an AI chatbot company, Perplexity, for alleged computer fraud over AI shopping agents that Amazon says are disguising themselves as human buyers to access customer accounts without Amazon’s permission. Perplexity has denied the claims.

    Traditional banks have had chatbots for a while, notably Bank of America’s “Erica” or “Ask Amex” from American Express, but have hesitated to roll out agentic AI. They worry about possible liability if a chatbot buys a product by mistake for a customer or is maliciously used to buy things it is not supposed to.

    “Our top priority is to keep our customers’ and clients’ data safe above all else,” said Mark Birkhead, chief data officer at JPMorgan Chase, in an interview with the consulting firm McKinsey back in June on the issue of why the bank hasn’t rolled out agentic AI yet to customers.

    Cash App on the other hand is diving in head first.

    One notable feature of Moneybot is its prompts and suggestions. When Moneybot launches, it does an analysis of the the customer’s transactions and spending and gives them independent recommendations on actions they could take. Unlike other bank chatbots, which take you to other parts of a banks’ website, Moneybot’s transactions and analysis happen inside a single screen. Cash App’s executives see Moneybot becoming the primary way people interact with CashApp in the future.

    Want to know your biggest spending categories instantly and how to cut your spending? Moneybot gives several suggestions in a matter of seconds, showing you the merchants you spent with. Need to save $1,000 toward a vacation in six months? Moneybot creates an automated savings plan for you with only a couple of prompts.

    Want to put money into the stock market? It takes only a request and confirmation in Moneybot, which will buy Tesla stock for you or even bitcoin. Moneybot will remind you, however, that it does not give investing advice.

    Moneybot may even anticipate why the customer is opening up the app in the first place.

    “We have such a deep understanding of who you are that it’s almost a failure if we have to rely on customers to ask right questions,” said Owen Jennings, executive officer and business lead at Block, in an interview.

    Company officials pointed out that, despite having these agent abilities, Moneybot will still need active confirmation from the user to do its money-moving tasks. But that confirmation is often just a simple push of a button or a “yes” in a chat box.

    Cash App executives say Moneybot uses three different AI models, choosing the most appropriate one for the customer’s question. Some are easier to recognize, including the eager-to-please tone that often comes with ChatGPT 5.

    A Cash App employee demo’ing Moneybot, much to his chagrin, showed that he spent heavily at Nordstrom last month. Moneybot kindly suggested he might want to cut back on his clothing purchases if he needs to save money.

    There are things Moneybot cannot do because of the legal and privacy questions that have yet to be answered. Moneybot won’t offer you a loan but feels like it could do so if the toggle were ever turned on.

    Because of the way the prompts are written, Cash App employees acknowledged there could be privacy and legal implications with what Moneybot suggests if appropriate guardrails are not put into place.

    Policymakers have raised concerns about how these chatbots could steer customers into one product or another, even if one product may not be in the best interest for the customer. For instance, what’s to stop a future version of Moneybot from favoring a buy now, pay later loan from AfterPay — also owned by Cash App’s parent company Block — for purchases instead of Affirm or Klarna?

    “If firms cannot manage using a new technology in a lawful way, then they should not use the technology,” said Rohit Chopra in 2024, when he was director of the Consumer Financial Protection Bureau. Chopra spent much of his tenure at the bureau raising concerns about the adoption of AI in financial services.

    In the meantime, asking for a loan inside Moneybot will transfer a customer to a human agent.

    Not surprisingly, Moneybot has the usual disclosure found at the bottom of most chatbots these days: Artificial intelligence can make mistakes. Somehow, that feels a bit more important in banking than an AI chatbot accidentally providing the wrong amount of cumin in a fajita recipe or buying the wrong size of shirt.

    __

    An earlier version of this story misspelled Moneybot.

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  • Violich Capital Management Inc. Sells 1,085 Shares of JPMorgan Chase & Co. $JPM

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    Violich Capital Management Inc. lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 19,175 shares of the financial services provider’s stock after selling 1,085 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.8% of Violich Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. Violich Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $5,559,000 at the end of the most recent reporting period.

    Several other institutional investors have also added to or reduced their stakes in JPM. Florida Financial Advisors LLC raised its position in JPMorgan Chase & Co. by 62.5% in the 1st quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider’s stock worth $2,416,000 after buying an additional 3,792 shares during the last quarter. Crown Wealth Group LLC grew its stake in shares of JPMorgan Chase & Co. by 5.4% in the first quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider’s stock worth $1,060,000 after acquiring an additional 222 shares during the period. Mosaic Financial Group LLC grew its stake in shares of JPMorgan Chase & Co. by 0.8% in the first quarter. Mosaic Financial Group LLC now owns 9,296 shares of the financial services provider’s stock worth $2,280,000 after acquiring an additional 78 shares during the period. Morse Asset Management Inc grew its stake in shares of JPMorgan Chase & Co. by 19.5% in the first quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider’s stock worth $630,000 after acquiring an additional 420 shares during the period. Finally, Hidden Cove Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 4.2% in the first quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider’s stock worth $677,000 after acquiring an additional 112 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

    JPMorgan Chase & Co. Trading Up 0.4%

    NYSE:JPM opened at $305.29 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. The firm has a market capitalization of $839.48 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. The business has a fifty day moving average price of $303.98 and a 200-day moving average price of $282.92.

    JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The business had revenue of $46.43 billion during the quarter, compared to analyst estimates of $44.42 billion. During the same quarter in the previous year, the company posted $4.37 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 8.8% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

    JPMorgan Chase & Co. Increases Dividend

    The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 2.0%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s payout ratio is currently 29.72%.

    Wall Street Analysts Forecast Growth

    Several equities research analysts recently issued reports on JPM shares. HSBC restated a “reduce” rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Loop Capital set a $310.00 price target on JPMorgan Chase & Co. in a report on Thursday, October 23rd. TD Cowen upped their price objective on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a research report on Tuesday, September 30th. Finally, UBS Group upped their price objective on JPMorgan Chase & Co. from $339.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $322.27.

    View Our Latest Research Report on JPM

    Insider Buying and Selling

    In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

    JPMorgan Chase & Co. Company Profile

    (Free Report)

    JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

    Read More

    Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

    Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)



    Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • JPMorgan Chase wants out of paying $115M legal tab for convicted fraudsters

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    NEW YORK (AP) — For nearly three years, JPMorgan Chase has picking up the legal tab of Charlie Javice and Olivier Amar, the two convicted fraudsters who sold their financial aid startup Frank to the bank.

    But the two have racked up an astronomical, nine-figure legal bill that far exceeds any reasonable amount the two may have needed for their defense, the bank said in a court filing late Friday. Chase shouldn’t have to pay and its agreement as part of the startup purchase to shoulder the costs should end, the bank argued.

    According to the filing, Javice’s team of lawyers across five law firms have billed JPMorgan approximately $60.1 million in legal fees and expenses, while Amar’s lawyers have billed the bank roughly $55.2 million in fees.

    In total, the bank alleges Javice and Amar’s lawyers have racked up legal fees of $115 million, with one law firm receiving $35.6 million in reimbursements alone. In comparison, Elizabeth Holmes, who was convicted of defrauding investors in the Theranos case, reportedly ended up with a legal bill of roughly $30 million.

    The bank would be “irreparably injured” if the court does not put an end to “abusive billing,” the bank said. Javice and her lawyers have treated the process “like a blank check,” Chase said.

    Javice, 33, was convicted in March of duping the banking giant when it bought her company, called Frank, in the summer of 2021. She made false records that made it seem like Frank had over 4 million customers when it had fewer than 300,000. Amar was convicted of the same charges.

    Early in the case, a Delaware court ruled that the bank was required to advance Javice and Amar for any legal fees, which was part of the bank’s agreement when Frank was acquired in 2021.

    Part of Javice’s legal team is Alex Spiro of Quinn Emanuel, who is also the lawyer who has previously represented Elon Musk. Spiro did not immediately respond to an email request for comment.

    A law firm representing Amar did not immediately respond to a request for comment.

    “The legal fees sought by Charlie Javice and Olivier Amar are patently excessive and egregious. We look forward to sharing details of this abuse with the court in coming weeks,” said Pablo Rodriguez, a spokesman for the bank

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  • Your Financial Future: Four Tips for Building Your Investment Strategy

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    Whether you’ve just started your journey to financial health or have years of experience, you’ve probably heard how investing can play an important role in your overall finances. But you may be wondering how to approach creating your investment strategy and which investments should be a part of it.

    There isn’t a one-size-fits-all answer when it comes to investing. Your investment choices should align with your unique financial goals, both in the short term and long term.

    Here, J.P. Morgan Wealth Management Regional Director Mark Adams shares four key tips for building your investment strategy and how to get started:

    1. Know your goals, timeline and risk tolerance 

    Before you get started on your investing journey, it’s important to understand what you hope to achieve with your wealth. Think about your objectives in both the short and long term. For example, maybe you want to go on a big vacation with your family next year, and you’re also saving for your children’s future college costs and your eventual retirement. 

    You should also think about your investing timeline, or when you need that money for your various goals. Your portfolio allocation should depend on the amount of time you plan to keep that money invested.

    Remember, investing involves risk. You should ask yourself how much risk you’re comfortable taking on. How would you react if your portfolio saw a large decline? Would you be able to stomach this in the short term? 

    Everyone’s financial situation is unique. These factors will look different from person to person, and they’re important to consider as you create your personal investment strategy.

    2. Have a plan

    Once you’ve outlined your goals, you should figure out how you want to get there. Having a plan is key – and it’s proven to help improve outcomes. J.P. Morgan Wealth Management’s latest 2025 Investor Study found that a whopping 90% of respondents who have a plan for their financial goals feel confident they’re on track to meet them, compared to 49% of respondents who don’t have a plan in place.

    A plan can provide a roadmap to help guide you throughout your financial journey. It can also help keep you on track along the way. That said, life is full of changes. It’s common for people’s priorities to evolve over time. Investors should regularly check in on their plan and adjust it as needed.

    If you aren’t sure how to get started, there are professionals out there who can help. You may want to partner with a financial advisor, who can sit down with you to map out your goals and build a customized plan that is unique to your situation. An advisor can also regularly check in on your plan with you to see how you’re tracking towards your goals.  

    3. Diversification is key

    You may have heard the saying, “don’t put all of your eggs in one basket.” This should apply with your investments, too. For example, concentrating all your investments in a single stock means that your entire portfolio is tied to the performance of that one company.

    Diversification can help even out your portfolio’s returns during periods of volatility. Investors should also consider diversifying by asset class (for example, just stocks). Instead, it’s generally a good practice to spread your investments across different types of securities with different levels of risk.

    4. Keep a long-term view

    Investing is a marathon, not a sprint. It’s important to maintain a long-term view with your investments. Remember, it’s about time in the market, not timing the market. The amount of time you are invested in the market is one of the most important factors in growing your wealth.

    Markets go up and down. During times of volatility, investors should avoid making an impulse reaction and stay focused on their long-term strategy. Over the last 20 years, seven of the 10 best days occurred within 15 days of the 10 worst days. Don’t let emotions derail your plan. 

    The bottom line

    Money is personal, and your investment approach should be, too. When you’re ready to get started, consider these tips as you map out your long-term financial strategy. And if you’re looking for more resources to help you in your investing journey, check out our library of free educational content at chase.com/theknow. 

    The views, opinions, estimates and strategies expressed herein constitutes the author’s judgment based on current market conditions and are subject to change without notice, and may differ from those expressed by other areas of J.P. Morgan. This information in no way constitutes J.P. Morgan Research and should not be treated as such. You should carefully consider your needs and objectives before making any decisions. For additional guidance on how this information should be applied to your situation, you should consult your advisor. 

    Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. Past performance is not a guarantee of future results.

    Diversification and asset allocation does not ensure a profit or protect against loss.

    J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. 

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  • Slowdown in US hiring suggests economy still needs rate cuts, Fed’s Powell says

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    WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more this year.

    Powell said in a speech in Philadelphia that despite the federal government shutdown cutting off official economic data, “the outlook for employment and inflation does not appear to have changed much since our September meeting,” when the Fed reduced its key rate for the first time this year.

    Fed officials at that meeting also forecast that the central bank would reduce its rate twice more this year and once in 2026. Lower rates from the Fed could reduce borrowing costs for mortgages, car loans, and business loans. Powell spoke before a meeting of the National Association of Business Economics.

    Powell reiterated a message he first delivered after the September meeting, when he signaled that the Fed is slightly more worried about the job market than its other congressional mandate, which is to keep prices stable. Tariffs have lifted the Fed’s preferred measure of inflation to 2.9%, he said, but outside the duties there aren’t “broader inflationary pressures” that will keep prices high.

    “Rising downside risks to employment have shifted our assessment of the balance of risks,” he said.

    Economists said Powell’s remarks solidified expectations for further rate cuts, starting at its next meeting Oct. 28-29.

    “While there was little doubt the (Fed) was angled to cut rates at its next meeting, today’s remarks were strong confirmation of that expectation,” Michael Feroli, chief U.S. economist at JPMorgan Chase, said in a note to clients.

    Powell also said that the central bank may soon stop shrinking its roughly $6.6 trillion balance sheet. The Fed has been allowing roughly $40 billion of Treasuries and mortgage-backed securities to mature each month without replacing them.

    “We may approach that point in coming months,” Powell said.

    The shift could slightly lower borrowing costs over time. Economists at BMO Capital Markets estimated that the yields on Treasury securities ticked down slightly after Powell’s remarks.

    Separately, Powell spent most of his speech defending the Fed’s practice of buying longer-term Treasury bonds and mortgage-backed securities in 2020 and 2021, which were intended to lower longer-term interest rates and support the economy during the pandemic.

    Yet those purchases have come under a torrent of criticism from Treasury Secretary Scott Bessent, as well as some of the candidates floated by the Trump administration to replace Powell when his term as Chair ends next May.

    Bessent said in an extended critique published earlier this year that the huge purchases of bonds during the pandemic worsened inequality by boosting the stock market, without providing noticeable benefits to the economy.

    Other critics have long argued that the Fed kept implementing the purchases for too long, keeping interest rates low even as inflation began to spike in late 2021. The Fed beginning in 2021 stopped the purchases and then sharply boosted borrowing costs to combat inflation.

    “With the clarity of hindsight, we could have—and perhaps should have—stopped asset purchases sooner,” Powell said. “Our real-time decisions were intended to serve as insurance against downside risk.”

    Yet Powell said that moving earlier would not have prevented the COVID-era inflation spike: “Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy.”

    Powell also said the purchases were intended to avoid a breakdown in the market for Treasury securities, which could have sent interest rates much higher.

    The Fed chair also addressed a move by a bipartisan group of senators to stop the central bank from paying interest on the cash reserves banks park at the Fed. A measure to prevent the Fed from doing so was defeated in the Senate last week by the lopsided vote of 83-14.

    Still, it garnered support from both parties, including Republican senators Rand Paul from Kentucky and Ted Cruz from Texas, as well as Massachusetts Democratic Sen. Elizabeth Warren.

    Powell said that without the ability to pay interest on reserves, the Fed “would lose control over rates” and wouldn’t be able to carry out its mission. The Fed lifts the short-term interest rate it controls when it wants to cool borrowing and spending and slow inflation, while it cuts the rate to encourage borrowing, growth, and hiring.

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  • JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Evermay Wealth Management LLC

    JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Evermay Wealth Management LLC

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    Evermay Wealth Management LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 20,474 shares of the financial services provider’s stock after selling 751 shares during the period. JPMorgan Chase & Co. accounts for 0.7% of Evermay Wealth Management LLC’s investment portfolio, making the stock its 22nd largest holding. Evermay Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,317,000 at the end of the most recent quarter.

    A number of other hedge funds also recently added to or reduced their stakes in JPM. BCGM Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 2.8% in the 1st quarter. BCGM Wealth Management LLC now owns 19,061 shares of the financial services provider’s stock valued at $3,818,000 after purchasing an additional 516 shares during the last quarter. Accredited Investors Inc. increased its position in shares of JPMorgan Chase & Co. by 4.9% in the 2nd quarter. Accredited Investors Inc. now owns 14,174 shares of the financial services provider’s stock valued at $2,867,000 after purchasing an additional 667 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of JPMorgan Chase & Co. by 1.4% in the 1st quarter. Bleakley Financial Group LLC now owns 87,063 shares of the financial services provider’s stock valued at $17,439,000 after purchasing an additional 1,173 shares during the last quarter. Sunburst Financial Group LLC increased its position in shares of JPMorgan Chase & Co. by 5.0% in the 2nd quarter. Sunburst Financial Group LLC now owns 5,651 shares of the financial services provider’s stock valued at $1,143,000 after purchasing an additional 268 shares during the last quarter. Finally, Sageworth Trust Co increased its position in shares of JPMorgan Chase & Co. by 37.9% in the 3rd quarter. Sageworth Trust Co now owns 2,860 shares of the financial services provider’s stock valued at $603,000 after purchasing an additional 786 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

    JPMorgan Chase & Co. Stock Up 0.5 %

    JPM stock opened at $222.94 on Friday. JPMorgan Chase & Co. has a one year low of $139.23 and a one year high of $226.75. The stock has a market capitalization of $627.65 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 3.28 and a beta of 1.10. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.91 and a current ratio of 0.89. The company has a fifty day moving average of $216.15 and a 200-day moving average of $206.72.

    JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter last year, the business earned $4.33 EPS. The business’s revenue was up 6.5% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 17.52 EPS for the current year.

    JPMorgan Chase & Co. Increases Dividend

    The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.24%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

    Analysts Set New Price Targets

    A number of brokerages have commented on JPM. Royal Bank of Canada increased their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Finally, Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $222.81.

    Read Our Latest Stock Analysis on JPM

    JPMorgan Chase & Co. Profile

    (Free Report)

    JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

    Read More

    Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

    Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)



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  • NorthCrest Asset Manangement LLC Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

    NorthCrest Asset Manangement LLC Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

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    NorthCrest Asset Manangement LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 231,172 shares of the financial services provider’s stock after acquiring an additional 2,116 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.5% of NorthCrest Asset Manangement LLC’s holdings, making the stock its 8th biggest holding. NorthCrest Asset Manangement LLC’s holdings in JPMorgan Chase & Co. were worth $48,745,000 at the end of the most recent reporting period.

    Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $1,888,088,000. Swedbank AB bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $800,130,000. Capital Research Global Investors raised its holdings in shares of JPMorgan Chase & Co. by 23.3% in the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock valued at $3,445,185,000 after purchasing an additional 3,252,451 shares in the last quarter. Wulff Hansen & CO. lifted its position in shares of JPMorgan Chase & Co. by 19,920.7% in the 2nd quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider’s stock worth $566,632,000 after purchasing an additional 2,787,510 shares during the period. Finally, Granite Bay Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 6,239.1% during the second quarter. Granite Bay Wealth Management LLC now owns 1,418,572 shares of the financial services provider’s stock valued at $277,456,000 after purchasing an additional 1,396,194 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

    Wall Street Analysts Forecast Growth

    JPM has been the topic of several recent research reports. Daiwa Capital Markets dropped their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Finally, Oppenheimer decreased their target price on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $217.94.

    Read Our Latest Analysis on JPMorgan Chase & Co.

    JPMorgan Chase & Co. Stock Down 1.2 %

    JPMorgan Chase & Co. stock opened at $222.90 on Wednesday. The business’s 50-day simple moving average is $215.76 and its two-hundred day simple moving average is $206.02. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $640.09 billion, a PE ratio of 12.43, a PEG ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a fifty-two week low of $136.04 and a fifty-two week high of $226.75.

    JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the prior year, the firm earned $4.33 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

    JPMorgan Chase & Co. Increases Dividend

    The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.24%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.89%.

    JPMorgan Chase & Co. Profile

    (Free Report)

    JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

    Featured Stories

    Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

    Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)



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  • AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division

    AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division

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    Morgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted investment banking and trading division, CNBC has learned.

    The firm, which launched an AI assistant based on OpenAI’s ChatGPT technology to its wealth management advisors in early 2023, began rolling out another version called AskResearchGPT this summer in its institutional securities group, said Katy Huberty, Morgan Stanley’s global director of research.

    The tool lets users extract answers from across the universe of Morgan Stanley’s research — including on stocks, commodities, industry trends and regions — collapsing what could otherwise be the cumbersome task of gleaning insights from the more than 70,000 reports produced annually by the bank.

    “We see it as a game changer from a productivity standpoint, both for our research analysts and our colleagues across institutional securities,” Huberty said in an interview. The tool helps staff “access the highest quality, most insightful information as efficiently as possible.”

    Since its arrival as a viral consumer app in late 2022, OpenAI’s generative AI technology has been swiftly adopted by Wall Street’s largest players.

    Morgan Stanley says that close to half of its 80,000 employees are using generative AI tools created with OpenAI, while at rival JPMorgan Chase, about 60% of the firm’s 316,043 employees have access to a platform using OpenAI’s models, said a person with knowledge of the matter who wasn’t authorized to disclose the figure publicly. The San Francisco-based startup recently raised money at a $157 billion valuation.

    OpenAI already has network advantages in financial services because of its ample funding and early focus on use cases for banks, said Pierre Buhler, a banking consultant with SSA & Co.

    “They are ahead of everyone else in terms of market penetration,” Buhler said.”But it is an emerging market, and we are still at the very beginning.” It’s likely that competitors to OpenAI such as Anthropic will gain use over time, he added.

    Viral hit

    At Morgan Stanley, a leader in global investment banking and trading along with JPMorgan and Goldman Sachs, employees have gravitated toward AskResearchGPT, using it instead of getting on the phone or lobbing an email to the research department, Huberty said.

    Employees are asking the tool three times the number of questions as compared with a previous tool based on traditional AI that’s been in use since 2017, according to the bank.

    It’s most in-demand among salespeople and other client-facing staff who often field questions from hedge funds or other institutional investors, said Huberty.

    “We found that it takes a salesperson one-tenth of the time to respond to the average client inquiry” using AskResearchGPT, she said.

    Productivity boost

    In a recent demonstration, the GPT-4 based chatbot was able to summarize Morgan Stanley’s position on matters from copper to Nvidia to the finer points of standing up a data center, understanding industry-specific jargon and providing charts and links to source material.

    The bank wants to push adoption further in light of the productivity gains it’s seeing, Huberty said. The tool is embedded within workers’ browsers as well as Microsoft Teams and Outlook programs to make it readily available.

    Understandably, Huberty says she is often asked if AI could ultimately replace the analysts who are creating the reams of research published under Morgan Stanley’s banner.

    “I don’t see in the near future a path to just having the machine write the research report to generate the idea,” she said. “I really think that it’s humans who make the call and own the relationship, which is a really important part of the analyst job, or sales and trading job, or corporate banker job.”

    Don’t miss these insights from CNBC PRO

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  • JPMorgan opens financial center in Columbus Circle in bet on wealthy customers

    JPMorgan opens financial center in Columbus Circle in bet on wealthy customers

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    CNBC's Leslie Picker reports on news from JPMorgan.

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  • Morgan Stanley shares pop 7% after beating estimates for third-quarter profit and revenue

    Morgan Stanley shares pop 7% after beating estimates for third-quarter profit and revenue

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    Morgan Stanley on Wednesday topped analysts’ estimates for third-quarter profit as each of its three main divisions generated more revenue than expected.

    Here’s what the company reported:

    • Earnings:$1.88 a share vs $1.58 LSEG estimate
    • Revenue: $15.38 billion vs. $14.41 billion estimate

    The bank said profit rose 32% to $3.2 billion, or $1.88 per share, and revenue jumped 16% to $15.38 billion.

    Morgan Stanley had several tail winds in its favor, starting with buoyant markets that helped its massive wealth management business, a rebound in investment banking after a dismal 2023, and strong trading activity. The Federal Reserve began taking down rates in the quarter, which should encourage more of the financing and merger activity that Wall Street firms capitalize on.

    “The firm reported a strong third quarter in a constructive environment across our global footprint,” Morgan Stanley CEO Ted Pick said in the release.

    Shares of the bank rose 7.5% in early trading.

    The bank’s wealth management division saw revenue jump 14% from a year earlier to $7.27 billion, exceeding the StreetAccount estimate by nearly $400 million.

    Equity trading revenue rose 21% to $3.05 billion, compared with the $2.77 billion estimate, while fixed income revenue edged 3% higher to $2 billion, also higher than the $1.85 billion estimate.

    Investment banking revenue surged 56% from a year earlier to $1.46 billion, exceeding the $1.36 billion estimate.

    Investment management, the firm’s smallest division, also exceeded expectations, posting a 9% increase in revenue to $1.46 billion, modestly higher than the $1.42 billion estimate.

    Morgan Stanley’s Wall Street rivals also posted better-than-expected Wall Street revenue. JPMorgan Chase, Goldman Sachs and Citigroup topped estimates on strong revenue from trading and investment banking.

    This story is developing. Please check back for updates.

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  • Big Banks are moving toward a more beneficial cycle, says Gabelli Funds’ Macrae Sykes

    Big Banks are moving toward a more beneficial cycle, says Gabelli Funds’ Macrae Sykes

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    Share

    CNBC’s Leslie Picker and Gabelli Funds’ Macrae Sykes, joins ‘Power Lunch’ to discuss Big Bank earnings and their outlook for the sector.

    03:27

    Tue, Oct 15 20242:43 PM EDT

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  • Goldman Sachs to report third-quarter earnings

    Goldman Sachs to report third-quarter earnings

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    David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.

    Adam Galici | CNBC

    Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday.

    Here’s what Wall Street expects:

    • Earnings: $6.89 per share, according to LSEG
    • Revenue: $11.8 billion, according to LSEG
    • Trading Revenue: Fixed Income of $2.91 billion, Equities of $2.96 billion, per StreetAccount
    • Investing Banking Revenue: $1.62 billion, per StreetAccount
    • Asset & Wealth Management: $3.58 billion, per StreetAccount

    How much will falling interest rates help Goldman Sachs?

    Over the past two years, the Federal Reserve’s tightening campaign has made for a less-than-ideal environment for investment banks like Goldman.

    Now that the Fed is easing rates, that positions Goldman to benefit as corporations that have waited on the sidelines to acquire competitors or raise funds begin to take action.

    Goldman’s asset and wealth management division is also positioned to benefit from rising asset values across markets as rates decline.

    Last week, rival JPMorgan Chase set expectations high with better-than-anticipated results from trading and investment banking, factors that helped the bank top earnings estimates.

    Wells Fargo also exceeded estimates on Friday on the back of its investment banking division.

    This story is developing. Please check back for updates.

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  • Analysts cheer Wells Fargo to 2018 highs after earnings. We have 1 qualm with the praise

    Analysts cheer Wells Fargo to 2018 highs after earnings. We have 1 qualm with the praise

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    Wells Fargo bank signage is seen on Broadway on April 12, 2024 in New York City.

    Michael M. Santiago | Getty Images

    Wells Fargo stock hit new multi-year highs on Monday after Wall Street analysts praised the bank’s third-quarter earnings report.

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  • CNBC Daily Open: With an unchanged PPI, the Fed’s near the finish line

    CNBC Daily Open: With an unchanged PPI, the Fed’s near the finish line

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    A television station broadcasts the Federal Reserve’s interest-rate cut on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 18, 2024.

    Michael Nagle | Bloomberg | Getty Images

    This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

    What you need to know today

    Winning week for markets
    All     major U.S. indexes rose Friday on the back of encouraging inflation data and positive earnings from big banks. That gave them a winning week. Asia-Pacific markets mostly traded higher Monday. China’s Shanghai Composite rose around 2% in choppy trading. Over the weekend, Beijing reported a lower-than-expected consumer inflation rate and producer prices falling for September.

    Tesla’s Cybercab and Robovan
    Tesla shares slumped 8.8% after the company’s “We, Robot” event disappointed investors. At the Thursday night event, CEO Elon Musk unveiled the Cybercab, a two-seater with no steering wheels or pedals, and the Robovan, an autonomous vehicle that has a big capacity. But Musk offered little other details, causing analysts to cast doubt on the company.

    More assurances from China
    In a press briefing held Saturday, Chinese Minister of Finance Lan Fo’an told reporters the space for Beijing to increase its budget deficit is “rather large,” but the government is still discussing stimulus plans, according to a CNBC translation of the Chinese. Lan also announced measures to support employment and the real estate industry.

    Banks’ earnings in good shape
    JPMorgan Chase, the biggest bank in the U.S., reported third-quarter earnings and revenue that beat estimates. Net interest income grew 3% from a year ago and helped revenue to increase 6%. Wells Fargo had a decent third quarter. The bank beat estimates for earnings, but unlike JPMorgan, revenue was below expectations and NII decreased.

    [PRO] Earnings will show market direction
    After the deluge of data such as September’s jobs reports and consumer price index report, earnings will determine the path of markets for the near term. Big banks dominate third-quarter reports this week. It’s Bank of America and Goldman Sachs’ turn on Tuesday, while Morgan Stanley announces its earnings on Wednesday.

    The bottom line

    It seems like September’s hotter-than-expected inflation reading was indeed a blip.

    With a snap of its fingers, the producer price index assuaged worries over inflation remaining stubborn. The index, which measures wholesale prices – and thus generally prefigures changes in the CPI – was unchanged in September from August, defying expectations from a Dow Jones survey of a 0.1% increase.

    In fact, last week’s inflation figures looked so promising that Goldman Sachs think the Federal Reserve has just about brought inflation down to its 2% target without crashing the economy, as CNBC’s Jeff Cox reports.

    While consumer sentiment dipped slightly in October, according to the University of Michigan’s Survey of Consumers, “long run business conditions lifted to its highest reading in six months,” wrote Joanne Hsu, the survey’s director.

    JPMorgan Chase’s third-quarter earnings may be the first taste of that. The biggest bank in America beat estimates on both revenue and earnings. As banks generally reflect the health of the broader economy, it’s a signal things aren’t all bad despite dipping consumer confidence.

    Admittedly, earnings reflect what has already happened. Investors care more about what’s going to happen. But consumers are “fine and on strong footing,” as JPMorgan’s CFO Jeremy Barnum told reporters.

    Markets cheered the string of positive news.

    On Friday, the S&P 500 added 0.61%, the Dow Jones Industrial Average rose 0.97% and the Nasdaq Composite was up 0.33%.

    That capped off a winning week for Wall Street – their fifth in a row. The S&P and Nasdaq climbed 1.1%, while the Dow did a bit better with its 1.2% increase for the week.

    “What we’re seeing … is a broadening of the market,” said Craig Sterling, head of U.S. equity research at Amundi US.

    It’s a reminder that subduing inflation is just a stop toward investors’ real endgame of a healthy stock market.

    – CNBC’s Jeff Cox, Samantha Subin and Brian Evans contributed to this story.   

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  • CNBC Daily Open: With a stagnant PPI, the Fed’s nearly at the finish line

    CNBC Daily Open: With a stagnant PPI, the Fed’s nearly at the finish line

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    Jerome Powell, chairman of the US Federal Reserve, during the National Association of Business Economics (NABE) annual meeting in Nashville, Tennessee, US, on Monday, Sept. 30, 2024. 

    Seth Herald | Bloomberg | Getty Images

    This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

    What you need to know today

    Winning week for markets
    All     major U.S. indexes rose Friday on the back of encouraging inflation data and positive earnings from big banks. That gave them a winning week. Europe’s Stoxx 600 index climbed 0.55% to end the week higher. Separately, in August, the U.K. economy expanded 0.2% on a monthly basis after stagnating in June and July, according to flash data from U.K. officials.

    Tesla’s Cybercab and Robovan
    Tesla shares slumped 8.8% after the company’s “We, Robot” event disappointed investors. At the Thursday night event, CEO Elon Musk unveiled the Cybercab, a two-seater with no steering wheels or pedals, and the Robovan, an autonomous vehicle that has a big capacity. But Musk offered little other details, causing analysts to cast doubt on the company.

    More assurances from China
    In a press briefing held Saturday, Chinese Minister of Finance Lan Fo’an told reporters the space for Beijing to increase its budget deficit is “rather large,” but the government is still discussing stimulus plans, according to a CNBC translation of the Chinese. Lan also announced measures to support employment and the real estate industry.

    Banks’ earnings in good shape
    JPMorgan Chase, the biggest bank in the U.S., reported third-quarter earnings and revenue that beat estimates. Net interest income grew 3% from a year ago and helped revenue to increase 6%. Wells Fargo had a decent third quarter. The bank beat estimates for earnings, but unlike JPMorgan, revenue was below expectations and NII decreased.

    [PRO] Earnings will show market direction
    After the deluge of data such as September’s jobs reports and consumer price index report, earnings will determine the path of markets for the near term. Big banks dominate third-quarter reports this week. It’s Bank of America and Goldman Sachs’ turn on Tuesday, while Morgan Stanley announces its earnings on Wednesday.

    The bottom line

    It seems like September’s hotter-than-expected inflation reading was indeed a blip.

    With a snap of its fingers, the producer price index assuaged worries over inflation remaining stubborn. The index, which measures wholesale prices – and thus generally prefigures changes in the CPI – was unchanged in September from August, defying expectations from a Dow Jones survey of a 0.1% increase.

    In fact, last week’s inflation figures looked so promising that Goldman Sachs think the Federal Reserve has just about brought inflation down to its 2% target without crashing the economy, as CNBC’s Jeff Cox reports.

    While consumer sentiment dipped slightly in October, according to the University of Michigan’s Survey of Consumers, “long run business conditions lifted to its highest reading in six months,” wrote Joanne Hsu, the survey’s director.

    JPMorgan Chase’s third-quarter earnings may be the first taste of that. The biggest bank in America beat estimates on both revenue and earnings. As banks generally reflect the health of the broader economy, it’s a signal things aren’t all bad despite dipping consumer confidence.

    Admittedly, earnings reflect what has already happened. Investors care more about what’s going to happen. But consumers are “fine and on strong footing,” as JPMorgan’s CFO Jeremy Barnum told reporters.

    Markets cheered the string of positive news.

    On Friday, the S&P 500 added 0.61%, the Dow Jones Industrial Average rose 0.97% and the Nasdaq Composite was up 0.33%.

    That capped off a winning week for Wall Street – their fifth in a row. The S&P and Nasdaq climbed 1.1%, while the Dow did a bit better with its 1.2% increase for the week.

    “What we’re seeing … is a broadening of the market,” said Craig Sterling, head of U.S. equity research at Amundi US.

    It’s a reminder that subduing inflation is just a stop toward investors’ real endgame of a healthy stock market.

    – CNBC’s Jeff Cox, Samantha Subin and Brian Evans contributed to this story.   

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