JPMorgan has picked David Li, formerly of UBS, to head its China business, which has been rocked by a probe into its hiring practices in the region.» Read More
NEW YORK, July 6- When Goldman Sachs' then-senior partner, Gus Levy, suffered a stroke in the middle of a client meeting in 1976 and died shortly after, the bank's management didn't know who would lead the firm.
LONDON, July 6- With U.S. stocks hitting record highs on the back of strong jobs growth, the European Central Bank holding out the prospect of printing money and British house prices soaring there is a lot to ponder in the week to come.
Bank of America Corp. rose$. 18 or 1.1 percent, to $16.03. Citigroup Inc. rose$. 23 or. 5 percent, to $48.24. US Bank rose$. 34 or. 8 percent, to $43.59.
Bank of America Corp. rose$. 19 or 1.2 percent, to $16.04. Citigroup Inc. rose$. 21 or. 4 percent, to $48.22. Goldman Sachs rose $2.57 or 1.5 percent, to $169.46.
The numbers prompted J.P. Morgan's chief U.S. economist, Michael Feroli, to bring forward his forecast for a Fed tightening. It was the first time J.P. Morgan made such a call "in recent memory," Feroli said in the report. J.P. Morgan now sees the Fed's rate lift off in the third quarter of 2015, up from the fourth quarter.
Bank of America Corp. rose$. 23 or 1.5 percent, to $16.08. Citigroup Inc. rose$. 60 or 1.2 percent, to $48.61. Goldman Sachs rose $2.38 or 1.4 percent, to $169.27.
NEW YORK, July 2- Jamie Dimon, chairman and chief executive of JPMorgan Chase& Co, plans to be out of the office for at least half of his planned two-month course of radiation treatment and chemotherapy for throat cancer, a spokesman said on Wednesday.
Shares of JPMorgan traded lower as Wall Street digested concerns about the health of its renowned CEO Jamie Dimon.
*JPMorgan falls, CEO says will be treated for cancer. NEW YORK, July 2- U.S. stocks ended one of their flattest sessions in years on Wednesday as a positive read on private sector employment wasn't enough to interest buyers ahead of the highly anticipated June payrolls report.
U.S. stocks closed mixed on Wednesday as the Dow and S&P 500 pushed into uncharted territory ahead of a government jobs report.
*JPMorgan falls, CEO says will be treated for cancer. NEW YORK, July 2- U.S. stocks were little changed on Wednesday as a positive read on private sector employment wasn't enough to get investors to keep buying ahead of the release of the closely watched June payrolls report on Thursday.
The report boded well for Thursday's U.S. nonfarm payrolls report, and provided a boost to the dollar.
WASHINGTON, July 2- U.S. private-sector hiring hit a 1-1/ 2- year high in June, reinforcing views that momentum was building to carry the economy through the rest of the year after a dismal start.
*JPMorgan tops league table, earns fees of $3.4 bln. Global investment banking fees totalled $47.1 billion in the first six months of the year, compared to $42.2 billion last year, according to data from Thomson Reuters and Freeman Consulting. They were up 6 percent in the Americas and down 15 percent in Africa and the Middle East.
NEW YORK, July 2- U.S. stock indexes were little changed on Wednesday, with the Dow industrials hovering just below 17,000, after the U.S. private sector created many more jobs than expected last month.
PARIS, July 2- European shares inched up on Wednesday, tracking a rally on Wall Street, though dashed hopes of merger moves among French telecoms companies kept a lid on gains. But shares in Orange, Bouygues, Iliad and Numericable tumbled 2.6-4.1 percent after Orange said it was dropping the idea of joining in the consolidation of France's telecoms market.
While Jamie Dimon's prognosis for recovery is good, JPMorgan's board needs to think about his successor, says Yale professor Jeffrey Sonnenfeld.
NEW YORK— Stocks edged higher Wednesday following a report that business hiring surged in June, a promising sign for economic growth. KEEPING SCORE: The Standard and Poor's 500 index rose one point, or 0.1 percent, to 1,974 as of 12:19 p.m. in New York.
NEW YORK, July 2- U.S. stocks were set to rise slightly at the open on Wednesday, with the Dow industrials ready to pierce through 17,000, after the U.S. private sector created many more jobs than expected last month.
U.S. stock index futures pointed to a higher open on Wednesday, after the publication of the ADP jobs report.