Summary: Wells Fargo has recruited a 17-person advisory team, the Canell Group, formerly managing $2 billion for J.P. Morgan Advisors in New York.
Full articleSummary: Whales are bearish on JPMorgan Chase with a mix of bullish and bearish trades detected. The predicted price range for JPM is $155.0 to $225.0 over the recent three months. Expert opinions provide an average target price of $227.5 for JPMorgan Chase.
Full articleSummary: Banks like JPMorgan Chase, Wells Fargo, Citigroup, and HSBC are testing quantum computing's abilities to gain a competitive advantage in the future.
Full articleSummary: Morgan Stanley analyst downgrades JPMorgan Chase citing challenges related to potential interest rate cuts and limited upside compared to peers.
Full articleSummary: JPMorgan Chase & Co. downgraded by Morgan Stanley analyst Betsy Graseck due to expected lower positive surprises and less room to run compared to peers. She adjusted the price target to $224, implying a 6% increase from Friday's close. Instead, Graseck believes faster rate cuts will benefit mid-cap lenders such as Cadence Bank, US Bancorp, and Zions Bancorp.
Full articleSummary: JPMorgan raises price target on Starbucks to $105 from $90, maintains Overweight rating, optimistic about new CEO's strategy and future earnings potential.
Full articleSummary: Chase launches a major new advertising campaign and brand platform to inspire customers to realize the potential of their money, showcasing the benefits of spending, saving, and investing through the Chase app.
Full articleSummary: Bank of America plans to open over 165 'financial centres' by end of 2026, focusing on in-depth advice; clients have made nearly 10 million appointments in the past year with financial specialists, with 20% of them for investing discussions. Despite digital banking rise, US firms like BofA, JPMorgan Chase, and PNC Bank are investing in expanding their physical branch networks.
Full articleSummary: Bank of America announces plans to open 165 branches by the end of 2026, signaling a shift towards physical locations for attracting new customers and cementing relationships. This expansion comes after a period of branch network downsizing in past years.
Full articleSummary: Kevin Feltes of JPMorgan Chase & Co. to lead Financial Data Exchange to set technical standards for data sharing in banking and fintech sectors.
Full articleSummary: The LinkedIn survey conducted in April 2024 has unveiled the list of companies that have performed well on multiple parameters as employers. J.P. Morgan Chase, Amazon, Wells Fargo, Alphabet, and Bank of America are some of the top-ranking companies for workplace joy and career growth.
Full articleSummary: Unrealized losses on investment securities for US banks decreased in the second quarter of the year due to dropping interest rates, providing relief to many banks.
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