The Latest Breaking News from JPMorgan

Analysts tried to gauge the impact of Apple Inc's (NASDAQ:AAPL) products and services. Apple is exploring subscription offerings for its hardware products as early as late 2022 or 2023. Morgan Stanley analyst Katy Huberty saw that the average Apple user spent $280 on hardware and added $69 to Apple Services revenue in 2021, implying, Apple…

Illinois Tool Works Inc. (NYSE:ITW) has been upgraded to Overweight from Neutral by JPMorgan analyst Tami Zakaria, as he views the stock's risk/reward as tilted more to the upside at the current valuation. The analyst lowered the price target for ITW to $255 (an upside of 20%) from $262. The analyst notes, management did not…

The dwindling fortunes of the Chinese tech shares have prompted concerns over Alibaba Group Holding Ltd (NYSE:BABA) stake selloff by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF), the Wall Street Journal reports. SoftBank's single most significant investment in the e-commerce giant was hit hard by the domestic crackdown. The Nasdaq Golden Dragon China Index of U.S.-listed Chinese stocks…

Cleveland-Cliffs Inc (NYSE: CLF) was featured as the call of the day Thursday on CNBC's "Fast Money Halftime Report."

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google decided to allow Spotify Technology SA (NYSE:SPOT) and other app developers to offer users an alternative third-party payment option alongside Google Play's option. KeyBanc analyst Justin Patterson saw the move as a win for digital content providers.  He viewed alternative payment options as a happy compromise that calmed regulators and…

JPMorgan Chase & Co’s (NYSE: JPM) CEO Jamie Dimon is facing investor criticism over a multibillion-dollar plan to modernize the group’s technology and the decision to enter the U.K.’s highly competitive retail-banking market, 

Thousands of staff, billions of dollars and three decades of complicated relationships. Some of the world’s largest banks are starting to pull back from Russia, but it’s not going to be easy.

Bank Of America Corp (NYSE: BAC) was featured as the call of the day Thursday on CNBC's "Fast Money: Halftime Report."

Starbucks Corporation’s (NASDAQ: SBUX) stock has "underperformed our low expectations” since December 2021, which includes the announcement of the company’s fiscal first-quarter earnings in February, according to JPMorgan.

HSBC Holdings PLC (NYSE:HSBC) acquired a space in The Sandbox metaverse to engage with its sports-focused users. The financial terms of the transaction remain undisclosed. Also Read: JPMorgan Opens A Lounge In Decentraland, Sees $1 Trillion Metaverse Opportunity “Through our partnership with The Sandbox, we are making our foray into the metaverse, allowing us…

Starbucks Corp (NASDAQ: SBUX) shares are trading higher Wednesday after JPMorgan analyst John Ivankoe upgraded the stock from a Neutral rating to an Overweight rating and announced a $101 price target.