Following disappointing Q3 results on Friday morning from telecom equipment giant Ericsson (ERIC), J.P. Morgan’s Sandeep Deshpande overnight cut his rating on the shares to Neutral from Overweight, and cut his expectation for the dividend...Show More Summary
Nikola Tesla was a visionary who, in addition to inventing alternating current—the basis for modern day electricity—also imagined robots, radio, radar, remote control, transmitting messages and images wirelessly and much more. But he...Show More Summary
Well, here's some interesting news. Amid Kim Kardashian West's Paris robbery drama, it's being reported by DailyMail how Kanye West took out a $2 million home equity line from JP Morgan on his NYC apartment in July. For those who don't know, this line of credit essentially works like a credit card, but must be paid off [...]
In Italy, JP Morgan Chase's master plan to save Monte dei Paschi continues to flounder as investors show zero appetite for more MPS capital. In fact, expectations are so low that rumors have already began surfacing that an alternative plan, under the aegis of Italy's former Industry Minister and senior banker Corrado Passera, is now in the works. Show More Summary
The UK's vote to leave the European Union has made the chance of a eurozone collapse five times more likely, JP Morgan CEO Jamie Dimon said. Brexit made the "chances of the eurozone not surviving in the next decade five times higher,"...Show More Summary
So that's nice for him.
"The problem is that raising the funds (for MPS) is proving to be a very difficult challenge -- much more so than was presented in the optimistic rescue plan," said Nicola Borri, an analyst at Luiss de Roma University. For the moment that plan is going sideways. Show More Summary
Shares of Qualcomm (QCOM) are up $2.27, or 3%, at $69.72, amidst speculation it will offer to buy NXP Semiconductors (NXPI). That speculation has produced some upgrades and price targets today. J.P. Morgan’s Rod Hall raises his rating...Show More Summary
JPMorgan’s top regulators are seeking to impose their own penalties in the China hiring case, according to people briefed on the investigations.
Despite definitions used by IRS and Florida judge, Anthony Murgio won’t have two charges dismissed.
Notes continue to come over the transom today about Intel’s (INTC) increase in its Q3 forecast Friday, based on stronger-than-expected personal computer trends, and also what some analysts believe is the payoff of being in some units...Show More Summary
The never-ending flow of new ETFs continues. J.P. Morgan Asset Management launched its first actively managed ETF this week. It’s a multi-alternative strategy ETF and it’s called the JPMorgan Diversified Alternatives ETF (JPHF). This...Show More Summary
When the Federal Reserve's Open Market Committee (FOMC) meets this week, there will be pressure from various quarters to raise the federal funds rate. Jamie Dimon, chairman of JP Morgan, has stated blankly “Let’s just raise rates."
TWO UNITED CLUB LOUNGE PASSES These United Club Lounge passes were donated by a reader who no longer needs them since he now has United Club membership included with his JP Morgan Reserve card. One winner will get these passes, which...Show More Summary
By any measure, this has been a somnolent summer for U.S. stocks. Ever since the panic induced by Brexit, in June, major indexes have inched higher without staging swings of any magnitude. The CBOE Market Volatility Index, or the VIX , is barely over 12. Show More Summary
JP Morgan Reserve Unboxing It’s here! My JP Morgan Reserve card just arrived today and I made a quick unboxing video. Check out my recent posts about the JP Morgan 100k Bonus offer and how how both a friend and I were approved for the JP Morgan Reserve card recently. Show More Summary
United Club Membership is included with your JP Morgan Reserve Card. Authorized users ($75 each) get a Priority Pass membership. The JP Morgan Reserve Visa already comes with Priority Pass Select membership with access to over 900 airport lounges. Show More Summary
Ahead of an Apple (AAPL) media event tomorrow in San Francisco, at which most expect the company will unveil a new model of the iPhone, J.P. Morgan’s Rod Hall today offers a couple of positive tidbits about the franchise, citing stumbles by competitors Samsung Electronics (005930KS) and Alphabet’s (GOOGL) Google unit. Regarding Samsung, Hall notes the announcement […]