Latest JPMorgan Chase & Co News

Pilgrim's Pride, JPMorgan fall; Adobe, Smith & Wesson rise

Jun. 18, 2021 16:20 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Adobe Inc., up $14.23 to $565.59. The software maker gave investors an encouraging profit forecast after reporting strong second-quarter financial results. ...

Asian shares mostly rise as markets digest Fed moves

Jun. 17, 2021 23:58 PM EDT

TOKYO (AP) — Asian shares mostly rose Friday, as investors digested the latest message from the U.S. Federal Reserve on raising short-term interest rates by late 2023. Japan's benchmark added 0.3% in morning trading to 29,108.23. South Korea's Kospi edged 0.1% higher...

Want a job? Employers say: Talk to the computer

Jun. 15, 2021 19:37 PM EDT

A day after her interview for a part-time job at Target last year, Dana Anthony got an email informing her she didn't make the cut. Anthony didn't know why — a situation common to most job seekers at one point or another. But she also had no sense at all of how the...

Female CEOs saw ranks dwindle in 2020; median pay fell 2%

May. 28, 2021 09:00 AM EDT

Most of the women running the biggest U.S. companies saw their pay increase last year, even as the pandemic hammered the economy and many of their businesses. Despite those gains, however, the median pay for female chief executives actually fell in 2020. Already a small...

Bank CEOs tell Congress they'll work to avoid foreclosures

May. 27, 2021 17:22 PM EDT

WASHINGTON (AP) — The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from inflation to their efforts to keep Americans in their homes after government aid to pandemic-hit mortgage holders expires this summer. ...

HSBC exiting US retail banking to focus on wealth management

May. 27, 2021 16:36 PM EDT

NEW YORK (AP) — British banking giant HSBC says it is closing its U.S. retail banking business in order to refocus its efforts on wealth management. The bank will sell 80 East Coast branches to Citizens Bank and another 10 on the West Coast to Cathay Bank. All deposits...

Bank CEOs outline pandemic support; senators split on issues

May. 26, 2021 16:53 PM EDT

WASHINGTON (AP) — The CEOs of the six biggest U.S. banks went before Congress Wednesday, eager to lay out their support for struggling consumers and small businesses hard hit by the pandemic. But lawmakers focused more keenly in a Senate hearing on the contentious...

JPMorgan dives back into fixing health care with new venture

May. 20, 2021 11:40 AM EDT

JPMorgan Chase will take another crack at fixing health care after a push with two other corporate giants dissolved earlier this year. The bank said Thursday that it formed a new business focused on improving care provided for about 285,000 people through its...

Today in History

May. 20, 2021 00:06 AM EDT

Today in History Today is Thursday, May 20, the 140th day of 2021. There are 225 days left in the year. Today’s Highlight in History: On May 20, 1927, Charles Lindbergh took off from Roosevelt Field on Long Island, New York,...

JPMorgan elevates 2 women to run bank's biggest division

May. 18, 2021 11:50 AM EDT

NEW YORK (AP) — JPMorgan Chase will promote two women to jointly manage the bank's consumer finance division — the bank's biggest business by far — potentially signaling that a woman may eventually run the nation's biggest bank. The bank said Tuesday that Marianne...