Tag: jpmorgan

Stocks listed on the New York Stock Exchange closed 2023 nearing record highs. The S&P 500 advanced by nearly 24% since the start of the year, with a significant acceleration over the past two months as investor confidence surged amid bets that the Federal...

Stocks were mixed on Friday after a flurry of U.S. banks reported upbeat earnings. The Dow Jones Industrial Average gained 0.12%, while the S&P 500 fell 0.5% and the tech-heavy Nasdaq Composite slumped by 1.2%. JPMorgan Chase, Wells Fargo, and Citigroup all posted higher profits...

JPMorgan analysts have advised investors to expect crude demand to decline this quarter after rallying last quarter. Oil increased by an average of 28% last quarter, hitting a yearly high in September amid OPEC+ supply cuts and further output reductions by Saudi Arabia and...

U.S. bank deposits declined in the second quarter, with major banks unexpectedly suffering the largest dropoffs. The four largest U.S. banks by assets: Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, lost $262 billion in deposits compared to the previous year. In contrast,...

JPMorgan Chase & Co.’s trading desk expects Wednesday's most likely Federal Reserve decision to lift stock prices. The New York City-based bank expects the central bank to adopt a "Hike and Pause" approach, whereby it would hike interest rates in July before pausing next month. Team...

U.S. stocks ended slightly lower on Friday as banks and financial institutions disappointed following a recent round of quarterly earnings reports. Still, each major U.S. index posted weekly gains despite Friday's fall. The S&P 500 declined 0.1% on Friday as its banks' index fell 0.9%....