Profits drop at JPMorgan, Citi but jump at Wells

Quarterly profits fell at JPMorgan Chase and Citigroup, but they nearly doubled at Wells Fargo as banks kicked off earnings season

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JPMorgan Chase posts earnings surge

JPMorgan Chase’s third-quarter profit was 24% higher than the same period last year as the largest U.S. bank kicked off earnings season with strong results

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London climate activists smash glass at JPMorgan office

Extinction Rebellion activists use hammers and chisels to break glass doors at JPMorgan as part of a two-week protest against the financial industry in London.

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Some Tech Stocks May Lose Shine as Rates Rise: JPMorgan

Karen Ward, chief EMEA market strategist at JPMorgan Asset Management, says that underlying fundamentals for technology stocks are strong but some areas could lose their shine as interest rates begin to rise. "They’ve benefited from strong earnings which was boosted by the pandemic, but then they’ve had a super boost from those future earnings not being discounted at higher interest rates," Ward said Thursday on Bloomberg Television. (Source: Bloomberg)

JPMorgan grants CEO Jamie Dimon 1.5 million stock option to stay

J.P. Morgan Chase CEO Jamie Dimon was given 1.5 million additional stock options as a special award to incentivize him ‘to continue to lead the firm for a further significant number of years.’

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Profits double at JPMorgan; Goldman rides M&A boom

JPMorgan Chase reported a 155% jump in profit, getting a boost from the release of loss reserves and a surge in dealmaking, even as the largest U.S. bank dealt with a sharp slowdown in trading activity from last year’s record-breaking levels.

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JPMorgan freezes donations to certain congressional Republicans

JPMorgan will resume making political donations to U.S. lawmakers but will not give to Republican members of Congress who voted to overturn President Joe Biden’s election victory, according to an internal memo seen by .Reuters

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JPMorgan to bring U.S. staff back to office on rotational basis from July

JPMorgan Chase & Co, the largest U.S. bank, is planning to bring all of its U.S. staff back to office on a rotational basis from July, according to a memo from the bank’s operating committee that was viewed by Reuters on Tuesday.

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