PARIS, Jan 19- French President Emmanuel Macron will host dozens of the world's most powerful business executives at the gilded Palace of Versailles to pitch France Inc before the global elite's annual gathering at Davos. "Many investors will be in Europe for the Davos summit, so we've suggested a stopover in Paris," another Macron aide said.
CNBC takes a look at some of the top names scheduled to return to the snowy mountains of Davos, Switzerland next week.
Robert Shiller said bitcoin reminds him of "tulip mania" centuries ago in the Netherlands.
EPS- $1.76 vs est $1.69. Revenue- $25.45 bln vs est $25.15 bln. U.S. companies will be more competitive globally, which will ultimately benefit all Americans "- CEO Jamie Dimon.
Blockchain will be starting off with a bitcoin selling function, before adding a buy service, CEO Peter Smith told CNBC
"It's super important for people in various economies to be able to transact in local currencies" as well, says the SparkChain co-founder.
The biggest loser so far has been Citigroup, which reported Tuesday an $18 billion loss largely due to the tax law. It was one of the largest quarterly losses in Citi's history. Citigroup, JPMorgan and other banks had assigned a value to these assets when the top U.S. corporate income tax rate was 35 percent.
Kovacevich says he believes bitcoin is a scam. "It makes no sense. I'm just surprised it isn't even lower."
Some believe bitcoin has both scarcity and utility—and that makes it valuable.
JPMorgan's CEO told Fox Business that he wished he hadn't said President Donald Trump would only serve one term.
NEW YORK— Two of the nation's biggest banks— JPMorgan Chase and Wells Fargo— indicated Friday that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business. JPMorgan Chase took a $2.4 billion charge tied to the tax bill, while Wells Fargo had a $3.35 billion benefit.
Jan 12- 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. JPMorgan, the biggest U.S. bank by assets, recorded $2.4 billion in one-time charges in the fourth quarter related to...
CNBC's Wilfred Frost reports the latest details on Steinhoff's loss from J.P. Morgan's fourth-quarter media call.
Wall Street analysts were expecting a $2 billion hit, based on comments the company made in December. Net profit, adjusted to exclude the tax charge and other one-time items, was $6.7 billion, or $1.76 per share, and beat the average estimate of $1.69 per share, as higher interest rates helped it earn more on its loans. Net revenue rose 4.6 percent to $25.45 billion and...
The sweeping changes in the tax law enacted by President Donald Trump are expected to mean short-term pain but long-term gain for large U.S. banks that do business worldwide. Net profit, adjusted to exclude the tax charge and other one-time items, was $6.7 billion, or $1.76 per share, for the fourth quarter ended Dec. 31. Net revenue rose 4.6 percent to $25.45 billion,...
NEW YORK— JPMorgan Chase& Co. said its fourth-quarter results fell 37 percent from a year ago, as the bank took a significant one-time charge to its results due to the recently passed Trump tax bill. JPMorgan said Friday it earned $4.23 billion in the fourth quarter, or $1.07 a share, down from $6.73 billion, or $1.71 a share, in the same period a year earlier.
Dick Bove, The Vertical Group bank analyst, provides insight to J.P. Morgan's quarterly results and the banking industry. I think Goldman Sachs is an outstanding buy, says Bove.
CNBC's Wilfred Frost breaks down J.P. Morgan's quarterly numbers which posted and earnings beat of $1.76 adj. on revenues of $25.450 billion.
J.P. Morgan Chase reported its fourth-quarter earnings on Friday.
Former financial regulator Bart Chilton says he and his friends "would have been millionaires" if they invested in bitcoin sooner.