Financials
Jamie Dimon
Jeff Bezos' annual shareholder letters are drawing even wider appreciation among business leaders and executives worldwide
NEW YORK, April 13- BlackRock Inc, the world's largest asset manager, raised the total compensation for chairman and chief executive officer Larry Fink by 8.9 percent in 2017, according to a filing on Friday. Fink was awarded $27.7 million in compensation last year, compared to $25.5 million in 2016, based on a calculation of his pay in line with U.S. Securities and...
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April 13- JPMorgan Chase& Co's quarterly profit fell short of Wall Street expectations on Friday as lower revenue from investment banking ate into gains from U.S. corporate tax changes and higher interest rates. "2018 is off to a good start with our businesses performing well across the board, driving strong top-line growth and building on the momentum from last...
The bank's net income rose to $8.71 billion, or $2.37 per share, in the first quarter ended March 31 from $6.45 billion, or $1.65 per share, a year earlier. "2018 is off to a good start with our businesses performing well across the board, driving strong top-line growth and building on the momentum from last year," Chief Executive Officer Jamie Dimon said in a statement.
JPMorgan reported a record quarterly profit, while Citigroup and Wells Fargo topped analyst expectations. Net income at JPMorgan Chase, the nation's largest bank by assets and deposits, rose 35 percent to $8.71 billion. JPMorgan shares fell 2.7 percent, while shares of Wells Fargo slipped 3.4 percent and Citigroup shares dropped 1.6 percent.
J.P. Morgan Chase reports earnings that beat on the top and bottom lines, although trading revenue growth remained light.
As Wall Street's financial giants get set to report first-quarter earnings, hopes are high. Corporate profits overall are expected to have risen 17 percent for the three-month period, but the financial sector has drawn especially keen interest.
BOSTON, April 11- JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday the U.S. economy still looked "pretty good" and that there was no law that says growth cannot continue. But there will be a downturn at some point, Dimon told the John F. Kennedy Jr. Forum at Harvard University. Speaking just across the river from Boston, Dimon said the bank planned to open...
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NEW YORK, April 6- Morgan Stanley Chief Executive James Gorman's overall pay rose 20 percent to $27 million last year during a period that saw the firm's net revenues rise 10 percent and pre-tax profit margin rise 18 percent, according to bank filings released on Friday. Gorman's pay was below that of JPMorgan Chase& Co Chief Executive Jamie Dimon, who made $29.5...
April 6- George Soros's $26 billion hedge fund is planning to trade cryptocurrencies, Bloomberg reported on Friday, months after the billionaire investor called the virtual currency a bubble. Adam Fisher, who oversees macro investing at the New York- based Soros Fund Management, got internal approval to trade digital assets in the last few months, though was yet...
JPMorgan CEO Jamie Dimon just said the yield on 10-year Treasurys could get to 4 percent this year. Two market watchers aren't buying that forecast.
NEW YORK, April 5- JPMorgan Chase& Co, Amazon.com Inc., and Berkshire Hathaway will focus on the biggest health issues threatening the U.S. economy in their new joint venture, including aligning healthcare payments with employee health and addressing chronic diseases, CEO Jamie Dimon said in his annual letter to shareholders. JPMorgan, Amazon and Berkshire...
J.P. Morgan Chase CEO Jamie Dimon shares his market views in an interview with Yahoo Finance Thursday.
NEW YORK, April 5- JPMorgan Chase& Co Chief Executive Officer Jamie Dimon complimented the administration of President Donald Trump in an annual letter to shareholders on Thursday, saying tax cuts and deregulatory efforts were helping his bank make more money. Using nearly half of the 46- page letter to promote his views on public policies, Dimon played to his...
CNBC's Wilfred Frost reports J.P. Morgan CEO Jamie Dimon's annual letter to company shareholders where he addresses the economy, trade concerns with China and tax reform.
President Donald Trump has gained an important ally in his effort to reduce the U.S. trade deficit: the head of the biggest bank in the country. JP Morgan CEO Jamie Dimon said the nation has come up on the short end of multinational trade agreements.
CNBC's Wilfred Frost reports on J.P. Morgan CEO Jamie Dimon's latest annual letter where he addresses trade, health care, markets and cybersecurity.
The JP Morgan CEO released his much-anticipated annual shareholder letter on Thursday.
In his annual CEO letter, Dimon also says: "Ceding America's leadership role on the world stage is a bad idea for everyone."
NEW YORK, April 5- JPMorgan Chase& Co Chief Executive Officer Jamie Dimon complimented the administration of President Donald Trump in his annual letter to shareholders on Thursday, saying tax cuts and deregulatory efforts are helping his bank make more money. Using nearly half of the 46- page letter to promote his views on public policies, Dimon played to his...
