NEW YORK, Aug 19- Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday. The chairman of the Business Roundtable, JPMorgan CEO Jamie Dimon, said there is a growing wealth gap in the United States, and prioritizing all stakeholders will lead to a healthier economy.
Dow to jump; Trump defends economy; Huawei hopes for US reprieve; Trump and Apple's Tim Cook meet; president ties Hong Kong protests to China trade dispute
Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.
WASHINGTON, Aug 16- President Donald Trump held a conference call on Wednesday with the chief executives of the three largest Wall Street banks as financial markets were in turmoil, one source with direct knowledge of the matter said on Friday. JPMorgan's Jamie Dimon, Bank of America's Brian Moynihan and Citigroup's Michael Corbat discussed the health of the...
WASHINGTON, Aug 16- President Donald Trump held a conference call Wednesday with the heads of three large Wall Street banks as financial markets were in turmoil, one source with direct knowledge said on Friday. Following a previously scheduled meeting at the Treasury Department, JPMorgan Chase& Co.s Jamie Dimon, Bank of America Corp.s Brian Moynihan and...
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.
"If we were two-thirds industrial and one-third consumer, then we would have negative yields," says CNBC's Jim Cramer.
Bank CEOs including Jamie Dimon have been highlighting the risks of a cyberattack for years.
But even as the biggest U.S. bank reported record earnings, there were warning signs across Wall Street that the playing field is beginning to tilt against the financial industry. JPMorgan also lowered its outlook for net interest income to "about $57.5 billion" in 2019 from the $58 billion to $60 billion projection executives gave in February.
JPMorgan, the nation's biggest bank, lowered its outlook for net interest income to "about $57.5 billion" in 2019 from the $58- plus billion it estimated in February. "We're not as dynamically correlated to rate changes," Goldman Sachs Chief Financial Officer Stephen Scherr told analysts, noting the bank holds fewer deposits "than the big commercial banks."
JPMorgan, the world's biggest bank, lowered its outlook for net interest income to "about $57.5 billion" in 2019 from the $58- plus billion it estimated in February. In late morning trading, shares of JPMorgan were up 1% at $115.10; Goldman Sachs Group Inc- the least rate-sensitive of the three banks- climbed 1.3% to $214.37, and Wells Fargo fell 1.7% to $45.89.
Dimon is making his own bet on a digital coin that could transform the global payments landscape: JPM Coin.
CNBC's "Squawk on the Street" team breaks down the second-quarter earnings results from the Big Banks.
CNBC's Wilfred Frost provides highlights from the second-quarter earnings results from the Big Banks as well as new comments from J.P. Morgan Chase executives on the bank's conference call.
July 16- JPMorgan Chase& Co reported a better-than-expected quarterly profit on Tuesday as higher interest income and buoyant consumer lending offset lower activity at its trading desks. Trading volumes have been lower at large U.S. banks as a tit-for-tat tariff war between Beijing and Washington has kept investors on edge. Chief Executive Officer Jamie...
Credit card sales volume rose 11% this quarter and merchant processing volume increased 12%, the bank says in its earnings statement.
Trading volumes have been lower at large U.S. banks as a tit-for-tat tariff war between Beijing and Washington kept investors on edge. "We continue to see positive momentum with the U.S. consumer healthy confidence levels, solid job creation and rising wages which are reflected in our Consumer& Community Banking results," Chief executive Officer Jamie Dimon...
Marty Mosby, director of bank strategies at Vining Sparks, and CNBC's Mike Santoli, join "Squawk Box" to give their initial reactions to J.P. Morgan Chase's second quarter earnings.
The move by J.P. Morgan represents its push to grab market share from competitors and broaden the pool of Americans who are invested in the stock market.
CNBC's Jim Cramer says Facebook's new Libra cryptocurrency is a "brilliant" endeavor.