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Energy

“GE stock has skyrocketed 80% in 5 months — JPMorgan says that’s a problem”

“…”While we see an excellent business in aerospace and potential in Vernova, GE is up ~80% over the past five months vs. 13% for the S&P 500,” JPMorgan analyst Seth Siefman wrote in a client note on Tuesday ahead of… Continue Reading…

Stocks

“Current stock market rally ‘likely to mark the high point’ for 2023: JPMorgan”

“…The strong rally across the major indices so far this year has surprised many market watchers, especially given that the Federal Reserve is hot off another interest rate hike as it continues to try and combat nagging inflation. Several Fed… Continue Reading…

Economy

“Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war”

“JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same… “You’d better brace yourself,” Dimon told the roomful of analysts and investors. “JPMorgan is bracing ourselves… Continue Reading…

Banking, Business

“JPMorgan is suing Tesla over Elon Musk’s tweets”

“…According to the complaint filed in Manhattan federal court, Tesla in 2014 sold warrants to JPMorgan that would pay off if their “strike price” were below Tesla’s share price upon the warrants’ expiration in June and July 2021. JPMorgan (JPM), which… Continue Reading…

Precious Metals

“JPMorgan Accused of Manipulating Silver Prices in Florida Lawsuit”

“EDITOR NOTE: Reuters reports that Hidalgo Mining Corp, a Florida-based silver mining company, filed a lawsuit against JPMorgan. The claim accuses the bank of “manipulating the silver market to push prices so low the company’s mine had to close.” The… Continue Reading…

Banking, Cryptocurrencies

“Bitcoin could rise 10 times in price but I just don’t care, says JPMorgan CEO”

“JPMorgan CEO Jamie Dimon said that Bitcoin may rise 10 times in price in the next five years. The long-term Bitcoin critic also warned that it would be foolhardy to borrow money to buy Bitcoin. Recently, the bank moved to… Continue Reading…

Economy

“Oil Could Hit $80 by Year End, JPMorgan Says. Here’s Why.”

“Oil is likely to jump to $80 a barrel by year end amid expanding demand and a lack of supply, according to JP Morgan analysts led by Joyce Chang. The upcycle in energy prices is supported by a surge in demand as the world… Continue Reading…

Stocks

“Buy These 3 Stocks Before They Jump Around 40%, Says JPMorgan”

“TaskUs (TASK)… This newly public stock has attracted no fewer than 9 analyst reviews in its short time on the public markets. Those reviews break down 8 to 1 in favor of the Buy over Hold, giving TASK a Strong Buy… Continue Reading…

Stocks

“JPMorgan: These 3 Stocks Could Spike at Least 70% From Current Levels”

“Day One Biopharmaceuticals (DAWN)… Overall, there is broad agreement on Wall Street with Rama’s view, as indicated by the unanimous Strong Buy consensus rating, supported by 4 recent positive reviews. Shares in DAWN are selling for $20.11 and their $37.33 average… Continue Reading…

Banking, Business

“JPMorgan Chase beats profit estimates on strong trading, $5.2 billion release of loan-loss reserves”

“JPMorgan Chase on Wednesday reported profit and revenue that exceeded analysts’ expectations on robust trading results and a $5.2 billion benefit from releasing money it had previously set aside for loan losses that didn’t develop. The bank posted first-quarter profit of… Continue Reading…