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  • 02/06/2018 06:11:18

    Rising yields aren't boosting banks

    Bond yields have hovered at rock-bottom levels for years since the financial crisis, helping keep a cap on bank earnings. As soon as investors rotate out of bonds, the outlook for banks would perk up, analysts believed. Banks need a bigger spread between the short-term rates they pay depositors and the long-term rates they collect from borrowers in order to make money, and that differential is more compressed when rates are low. But rates have been on the rise for the past few weeks - the 10-year U.S. Treasury note has gained about 40 basis points in the year to date - but bank stocks haven't been immune to the broader market sell-off. In the month to date, the Financial Select Sector SPDR has tumbled 6.3%. Shares of Citigroup [s:c] are down 6.6%, shares of Bank of America Corp. are down 5.4%, and shares of Wells Fargo & Co. [s:wfc] have plunged more than 11%, though that's in part due to the Federal Reserve sanctions announced February 2. JPMorgan Chase & Co. shares are still in the black for the month, but barely. Another reason the bank sell-off is notable: most analysts expected a lighter regulatory touch from Washington under the Trump administration. Most believe there's a difference between regulatory red tape and enforcement of the kinds of misdeeds Wells Fargo engaged in, but the Fed's actions have still unsettled investors. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/05/2018 04:59:51

    AT&T's term loan credit deal to buy Time Warner increased 62% to $16.2 billion

    AT&T Inc.'s term loan credit agreement, which it will use to fund its purchase of Time Warner Inc. , was boosted about 62% to $16.18 billion from $10.00 billion. The commitment termination date was extended to Dec. 31, 2018. The original term loan agreement was dated Nov. 15, 2016, with J.P. Morgan Chase & Co. as agent. AT&T's stock slipped 0.8% in premarket trade, while Time Warner shares were indicated down about the same. AT&T shares have climbed 14% over the past three months, while Time Warner's have gained 3.7% and the S&P 500 has tacked on 6.7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/01/2018 14:10:49

    Dow logs a gain, but set for worst weekly decline in more than a year ahead of jobs report

    U.S. stock indexes ended mostly lower on Thursday, in a bumpy day of trade as concerns about a pick up in inflation and rising bond yields fostered emerging volatility on Wall Street. The Dow Jones Industrial Average closed up about 37 points at 26,186, with shares of Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. , buoying the blue-chip gauge as borrowing costs rose. The Dow was on track for its worst weekly loss, off 1.6%, since the 2.2% weekly decline back in Sept. 9, 2016, according to FactSet data. The S&P 500 index lost 2 points, or 0.1%, at 2,821, tracking its steepest weekly drop since Nov. 4, 2016, while the Nasdaq Composite Index ended the session off 0.4% at 7,385. The Nasdaq is on pace for its worst weekly slide since June. The 30-year Treasury yield hit 3%, marking its highest level since May and underlining a steady reflation taking place in government bonds, which can erode appetite for assets perceived as risky like stocks. The moves for equities come ahead of an important job market report on Friday, which should indicate whether wages are rising. In corporate news, shares of eBay Inc. finished up about 14% after announcing plans to take over payments from PayPal Holdings Inc. . Market participants were looking to quarterly results from Apple Inc. after the close. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/01/2018 10:16:11

    Starbucks and Chase partner for Visa card tied to Starbucks loyalty program

    Starbucks Corp. and Chase have launched a co-branded Visa credit card that's linked to the Starbucks Rewards loyalty program. Customers earn points by using the card, which can be redeemed at 8,000 participating Starbucks locations. In addition to a physical card, customers will have a digital card loaded into the Starbucks app. The card has an annual fee of $49. There will be a second co-branded product, the Starbucks Rewards Visa Prepaid Card, launching later this year. Starbucks shares are up 5.4% for the past year, J.P. Morgan Chase & Co. shares are up 36.2% for the period and the S&P 500 index is up nearly 24% for the last 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/31/2018 14:13:49

    Dow logs tepid gain, but stock market sputters as Fed signals coming rate hikes

    U.S. stock benchmarks ended in positive territory on Wednesday, booking solid monthly gains, but losing altitude after the Federal Reserve hinted that it is set to raise interest rates as early as its next meeting in March. As expected, the central bank held key rates at a range between 1.25% and 1.50%. The Dow Jones Industrial Average finished up 72.50 points, or 0.3%, at 26,149, boosted by a sharp earnings-fueled gain in component Boeing Co. . The S&P 500 index added a little over a point, or less than 0.1%, at 2,824, as the health-care sector put in the worst performance among the broad-market gauge's 11 sectors, down 1.4%, following Tuesday's announcement of a health-care consortium, including Amazon.com Inc. , J.P. Morgan Chase & Co. , and Warren Buffett's Berkshire Hathaway Inc. . The Nasdaq Composite Index ended the session up 0.1% at 7,411. Wednesday afternoon, the Fed said it expected sluggishly low inflation to "move up this year and to stabilize" around Fed's 2% annual target. Given that it said the Fed "expects that economic conditions will evolve in a manner that will warrant further gradual increases," which was read as a signal that a March rate hike should be expected. For the month, the Dow closed up 5.8%, the S&P 500 finished with a monthly rise of 5.6%, while the Nasdaq put in a monthly gain of 7.4%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/30/2018 13:22:53

    Amazon, Berkshire, JPMorgan partner to cut U.S. healthcare costs

    (Reuters) - Amazon.com Inc, Berkshire Hathaway and JPMorgan Chase & Co said on Tuesday they will form a company to cut health costs for hundreds of thousands of their U.S. employees, setting up a major challenge to an inefficient U.S. healthcare system.

  • 01/30/2018 12:23:56

    Amazon, Berkshire, JPMorgan partner to cut healthcare costs

    (Reuters) - Amazon.com Inc, Berkshire Hathaway and JPMorgan Chase & Co will form a healthcare company aimed at cutting costs for their U.S. employees, they said on Tuesday, sending shares in the broad healthcare sector sharply lower.

  • 01/30/2018 09:05:50

    Amazon, Berkshire, JPMorgan create healthcare company to cut costs

    (Reuters) - Amazon.com Inc, Berkshire Hathaway and JPMorgan Chase & Co will form a healthcare company aimed at cutting costs for their U.S. employees, they said on Tuesday, sending shares in the broad healthcare sector sharply lower.

  • 01/30/2018 07:15:00

    Amazon, Berkshire Hathaway and JPMorgan & Chase to tackle US health care

    Amazon, Berkshire Hathaway and JPMorgan Chase & Co. announced a partnership to address health care for their U.S. employees,

  • 01/30/2018 06:33:40

    Amazon, Berkshire Hathaway, JPMorgan Chase to tackle employee health care costs, delivery

    Amazon, Berkshire Hathaway, and JPMorgan Chase & Co. plan to partner on healthcare for their U.S. employees, to cut costs and improve satisfaction.        

  • 01/29/2018 15:08:17

    BRIEF-JPMorgan Chase Appoints Daniel Pinto And Gordon Smith As Co-Presidents And Co-COOs

    Jpmorgan Chase & Co(JPM): * JPMORGAN CHASE APPOINTS DANIEL PINTO AND GORDON SMITH AS CO-PRESIDENTS AND CO-CHIEF OPERATING OFFICERS OF THE COMPANY Source text for Eikon: Further company coverage:

  • 01/29/2018 14:51:59

    JPMorgan promotes Pinto and Smith, fueling race to succeed Dimon

    JPMorgan Chase & Co(JPM) on Monday promoted Daniel Pinto and Gordon Smith to be co-presidents and co-chief operating officers. The two men run JPMorgan's (JPM) most prominent businesses, with Pinto, 55, overseeing the corporate and investment banking unit while Smith, 59, runs consumer and community banking.

  • 01/29/2018 14:26:40

    JPMorgan promotes Pinto and Smith to co-presidents

    NEW YORK, Jan 29 (Reuters) - JPMorgan Chase & Co has promoted Daniel Pinto and Gordon Smith to be co-presidents and co-chief operating officers, the company said on Monday.

  • 01/23/2018 16:31:33

    REFILE-JPMorgan sees brick-and-mortar branches pivotal to U.S. expansion

    NEW YORK, Jan 23 (Reuters) - JPMorgan Chase & Co sees brick-and-mortar banking as essential to expanding into more than a dozen markets over five years, even though customers do 80 percent of their transactions online or at ATMs, a bank executive said on Tuesday.

  • 01/23/2018 09:06:11

    Investors most bullish U.S. longer-dated bonds since June -JPMorgan

    NEW YORK, Jan 23 (Reuters) - The share of investors holding more longer-dated U.S. Treasuries than their benchmarks hit its highest in almost seven months, reflecting the view that the bond market selloff may be overdone, JPMorgan Chase & Co's latest client survey showed on Tuesday. Benchmark 10-year Treasury yields hit a 3-1/2 year peak at 2.672 percent on Monday on hopes of domestic inflation accelerating and speculation the Bank of Japan and European Central Bank are preparing to redu

  • 01/18/2018 14:53:28

    BRIEF-JPMorgan Board Approves James Dimon's 2017 Total Compensation Of $29.5 Mln

    JPMorgan Chase & Co(JPM): * JPMORGAN(JPM) - INDEPENDENT MEMBERS OF BOARD APPROVED JAMES DIMON’S TOTAL COMPENSATION FOR 2017 IN AMOUNT OF $29.5 MILLION VERSUS LAST YEAR’S $28 MILLION. * JPMORGAN (JPM) - DIMON’S TOTAL COMPENSATION FOR 2017 INCLUDES ANNUAL BASE SALARY OF $1.5 MILLION, PERFORMANCE-BASED VARIABLE INCENTIVE COMPENSATION OF $28 MILLION.

  • 01/18/2018 14:03:54

    BRIEF-Tigenix Says Received Transparency Notification From Jpmorgan Chase & Co​ On Jan 16

    Tigenix Nv: * ‍TRANSPARENCY NOTIFICATION PURSUANT TO ARTICLE 14 OF LAW OF MAY 2, 2007​‍. * ON JANUARY 16, 2018, TIGENIX RECEIVED A TRANSPARENCY NOTIFICATION FROM JPMORGAN CHASE (JPM) & CO​. * ‍FOLLOWING DISPOSAL OF VOTING SECURITIES ON JAN 9 JPMORGAN CHASE (JPM) & CO HOLDS 1.2 MILLION VOTING RIGHTS IN CO ​ Source text for Eikon: Further company coverage:

  • 01/12/2018 09:31:18

    JPMorgan says tax changes will spur more profits after quarterly beat

    (Reuters) - JPMorgan Chase & Co beat Wall Street's fourth-quarter earnings expectations on Friday and said tax law changes will help future profits by not only reducing the amount it pays the federal government but also by stimulating more business.

  • 01/12/2018 05:55:00

    JPMorgan profit plunges 37 percent on tax hit

    JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 37 percent drop in quarterly profit on Friday.

  • 01/12/2018 05:27:32

    JPMorgan profit beats on higher interest rates; books tax charge

    (Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a higher-than-expected quarterly profit as gains in net interest income offset a slowdown in trading revenue.

  • 01/11/2018 11:20:51

    Dropbox files confidentially for U.S. IPO - source

    Data-sharing business Dropbox Inc has filed confidentially for a U.S. initial public offering, a source close to the matter said on Thursday. The IPO will be led by Goldman Sachs Group Inc (GS) and JPMorgan Chase & Co (JPM), Bloomberg reported earlier, citing people familiar with the matter.

  • 01/11/2018 10:40:24

    JPMorgan, Goldman to lead Dropbox in U.S. IPO - Bloomberg

    Jan 11 (Reuters) - Data-sharing business Dropbox Inc has filed confidentially for a U.S. initial public offering led by Goldman Sachs Group Inc and JPMorgan Chase & Co, Bloomberg reported, citing people familiar with the matter.

  • 01/04/2018 14:01:46

    Dow closes above 25,000 for first time, as equity benchmarks rattle off fresh round of records

    U.S. stocks recorded their third consecutive day of gains on Thursday, as the Dow Jones Industrial Average closed above the psychologically important 25,000 mark for the first time in history. Meanwhile, the S&P 500 and Nasdaq Composite hit records for the first three trading days of the year for the first time since 1964 and 1999, respectively. Sentiment remained upbeat on the back of supportive ADP payroll data, as well as a rise in commodity prices. In individual stocks, CVS Health Corp rose 2.6% after issuing its 2018 guidance. Financials were up across the board , with JPMorgan Chase & Co. rising 1.4%, Bank of America Corp. up 1.3% and Wells Fargo & Co. 1.3% higher. Among the days losers was Walgreens Boots Alliance Inc. , which fell 5.1% despite better-than-expected earnings.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/03/2018 10:41:00

    Net shorts on U.S. longer-dated bonds hit 11-week low -JPMorgan

    NEW YORK, Jan 3 (Reuters) - The margin of investors who said they had fewer longer-dated Treasuries than their benchmarks over those who held more than their benchmarks fell to an 11-week low, JPMorgan Chase & Co's latest client survey showed on Wednesday. Investors had ramped up holdings of longer-dated government debt at year-end following the most dramatic overhaul of the U.S. tax code in 30 years and on expectations that inflation would remain muted and the Federal Reserve would rais

  • 12/28/2017 14:01:02

    Dow ends at 71st record close of 2017 as U.S. stocks end modestly higher

    U.S. stocks closed higher on Thursday, as a broad rally helped power the Dow to a record-breaking number of all-time closing peaks in a single year. The Dow Jones Industrial Average closed up 60 points, or 0.2%, to 24,834. The blue-chip average logged its 71st record close of the year. That extends the Dow's record-setting streak; prior to 2017, the most closing records it had ever posted in a year was 69. The S&P 500 rose 5 points to 2,687, a gain of 0.2%. The Nasdaq Composite Index was up 11 points, or 0.2%, to 6,950. The day's gains were broad, with ten of the 11 primary S&P 500 sectors ending up on the day. Financials were particularly strong, with the sector up 0.4%. J.P. Morgan Chase & Co. rose 0.5% on the day while Wells Fargo & Co. ended up 0.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 12/27/2017 09:12:27

    JPMorgan pays $2.8 million fine over improper safeguards for customers

    NEW YORK (Reuters) - JPMorgan Chase & Co will pay $2.8 million to settle charges that a broker-dealer unit lacked sufficient controls to safeguard customer securities from several countries over more than eight years, a U.S. regulator said on Wednesday.

  • 12/21/2017 11:31:57

    MOVES-JPMorgan's Dimon adds public policy chief Scher to executive panel

    JPMorgan Chase & Co CEO Jamie Dimon on Thursday added Peter Scher, global head of corporate responsibility, to the bank's 10-member operating committee of top executives. In an employee memo, which was seen by Reuters, Dimon said he named Scher to the panel to ensure a "coordinated approach to our broad-based community engagement, government relations and overall public policy efforts."

  • 12/20/2017 09:45:00

    JPMorgan Chase powers up robo-adviser for fintech race

    By David Henry and Elizabeth Dilts NEW YORK, Dec 20 (Reuters) - JPMorgan Chase & Co is powering up a lower-cost computerized investment management tool this week and plans to offer the robo-adviser to some clients next March and on a wide scale in the middle of the year. The company will file required disclosures on Wednesday with the U.S. Securities and Exchange Commission, bank officials told Reuters, so they could start testing the service this week with fewer than 100 employee ac

  • 12/12/2017 14:27:41

    BRIEF-JPMorgan Declared Quarterly Dividend Of $0.56 Per Share

    Jpmorgan Chase & Co(JPM): * JPMORGAN(JPM) - DECLARED QUARTERLY DIVIDEND OF $0.56 PER SHARE Source text for Eikon: Further company coverage:

  • 12/05/2017 09:08:02

    UPDATE 1-JPMorgan CFO sees fourth-quarter market revenue down 15 pct

    NEW YORK, Dec 5 (Reuters) - Financial markets quarterly trading revenue at JPMorgan Chase & Co is running about 15 percent lower than a year earlier, Chief Financial Officer Marianne Lake said on Tuesday at an investor conference.

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