The Latest Breaking News from Jamie Dimon

Stock futures bounce in wake of hawkish Fed; Japan supports yen in first currency intervention since 1998; JPMorgan CEO calls bitcoin 'decentralized Ponzi scheme'; Lennar shares gain as home prices boost bottom line and Costco earnings in focus as shoppers seek inflation relief.

New York (AFP) - Higher interest rates and grinding inflation are likely to begin taking a higher toll on US consumers who have so far mostly managed to remain in healthy financial shape, bank CEOs told a congressional panel Wednesday.

Since the start of the COVID-19 pandemic in March 2020, many companies around the globe had their employees working remotely or from home. Two years later, many companies are asking for employees to return to the office, at least part-time. Employers believe that being in an office setting drives creativity, boosts…

Largest US bank saw net income fall 28% from April to June and is concerned about economy and geopolitical tensions

Two of the nation's largest banks, JPMorgan Chase & Co (NYSE: JPM) and Morgan Stanley (NYSE: MS), reported quarterly earnings Thursday that failed to meet analyst expectations, and more seriously, profits were dow

JP Morgan missed Wall Street estimates by a wide margin Thursday morning. Earnings per share fell 27%. JPM stock slid in early trade.

New York (AFP) - JPMorgan Chase reported a drop in second-quarter profits on Thursday and warned that a weakening global economic outlook prompted the firm to set aside additional funds to cover potential bad loans.

JPMorgan set aside more than $1 billion to cover potential bad loans as it posted softer-than-expected second quarter earnings and cautioned on "negative consequences" for the global economy.

Stocks lower as inflation shock triggers steeper Fed rate bets; JPMorgan kicks-off bank earnings amid Jamie Dimon's 'hurricane' warning; TSMC sees 'firm' chip demand after solid Q2, robust global outlook; Celsius Network files for bankruptcy, won't seek authority to allow withdraws and Tesla loses autopilot executive as Musk chases self-driving…