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Energy

“JPMorgan forecasts energy “supercycle” with Brent crude potentially hitting $150 per barrel”

“In a research report published on Friday, JPMorgan analyst Christyan Malek upgraded the entire global energy sector to an overweight rating, warning that the recent surge in oil prices could potentially drive Brent crude prices as high as $150 a… Continue Reading…

Banking

“JPMorgan Chase tops profit expectations on higher rates, benign credit”

“…Here’s what the company reported: The bank said profit surged 35% to $13.15 billion, or $4.33 a share, from a year earlier. That per-share figure includes 17 cents in securities losses and 22 cents in legal expenses. It wasn’t  immediately clear which items… Continue Reading…

Banking, Economy

“JPMorgan Sees India Share Sale Boom Reaching $30 Billion in 2024”

“…India will see at least $30 billion raised annually through primary and secondary share sales in 2024 and in the years to come, as companies and their shareholders are more willing to tap the market for funding, according to JPMorgan… Continue Reading…

Banking

“Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase”

“A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades on dozens of U.S. banks that could even include the likes of JPMorgan Chase“ https://www.cnbc.com/2023/08/15/fitch-warns-it-may-be-forced-to-downgrade-dozens-of-banks.html How does it feel JPMorgan?… Continue Reading…

Banking

“JPMorgan to buy almost $2 billion of mortgages in the PacWest deal”

“JPMorgan Chase & Co will buy almost $2 billion worth of mortgages to facilitate Banc of California’s purchase of PacWest Bancorp, a source with knowledge of the matter told Reuters. The investment bank has entered into an agreement to buy… Continue Reading…

Economy, Stocks

“Beware this stock market rally because it’s reminiscent of what led up to the 2008 crisis, JPMorgan Asset Management CIO says”

“…Investors should be wary of the ongoing stocks rally because it doesn’t reflect looming economic risks, and is reminiscent of the months that led up to the 2008 financial crisis, according to JPMorgan Asset Management’s chief investment officer. Bob Michele told… Continue Reading…

Banking, Economy

“Stocks Drop 20% If Bonds Have Inflation Right in JPMorgan Model”

“The widening disconnect between stocks and bonds suggests a 20% downside risk for equities if bonds are proved correct in pricing inflation volatility, according to modeling by JPMorgan Chase & Co. strategists… JPMorgan’s view highlights how much investors across different… Continue Reading…

Banking

“JPMorgan Grows Even Bigger as US Bank Giants Soak Up Assets”

“…More than 70% of aggregate asset growth in major US banks was concentrated in the 10 largest lenders, which saw a combined $630 billion increase in the first quarter — when also including assets tied to more-recent mergers and acquisitions,… Continue Reading…

Banking, Business

“Cut Stocks, Buy Gold, Hold Your Cash, JPMorgan’s Kolanovic Says”

“A debt-ceiling negotiation that remains in limbo, elevated recession risks and a hawkish Federal Reserve stance are just a few of the reasons JPMorgan Chase & Co.’s Marko Kolanovic is advising clients to further dump equities and hold onto cash.… Continue Reading…

Banking, Energy

“JPMorgan agrees to purchase $200 million worth of carbon removal”

“JPMorgan Chase announced Tuesday that it has agreed to spend more than $200 million on a combination of carbon removal technologies. The spending will be allocated to long-term agreements to remove and store the equivalent of 800,000 metric tons of carbon… Continue Reading…