Latest JPMorgan Chase & Co News

PNC to raise base wages to $18 an hour, latest bank to do so

Aug. 30, 2021 08:32 AM EDT

NEW YORK (AP) — PNC Bank is the latest large U.S. financial services company to increase wages in a bid to keep and attract employees, raising its minimum wage to $18 an hour while also giving higher-paid workers a bump in pay. The bank said Monday that the wage...

Citigroup profits soar due to fewer bad loans

Jul. 14, 2021 09:52 AM EDT

NEW YORK (AP) — Citigroup profits jumped more than five fold from a year earlier, helped by an improving economy that resulted in fewer bad loans on the bank's balance sheet. Citi is the latest big bank to see profits soar this quarter, along with JPMorgan Chase, Bank...

Bank of America's 2Q profit jumps, helped by fewer bad loans

Jul. 14, 2021 07:50 AM EDT

NEW YORK (AP) — Bank of America’s second quarter profit more than doubled from a year earlier, as the consumer banking giant was able to move more loans onto the “good” side of its balance sheet as the pandemic wanes. BofA is the latest of the big Wall Street...

Asian shares mostly track Wall St drop on inflation worries

Jul. 13, 2021 23:39 PM EDT

TOKYO (AP) — Asian shares were mostly lower on Wednesday, tracking a decline on Wall Street as investors weighed the latest quarterly earnings reports from big U.S. companies and data pointing to rising inflation. Japan's benchmark Nikkei 225 edged down 0.2% in early...

How major US stock indexes fared Tuesday

Jul. 13, 2021 16:57 PM EDT

Stocks closed lower on Wall Street Tuesday, bringing major indexes slightly below the record highs they set a day earlier. Investors were weighing the latest quarterly earnings reports from big U.S. companies and concerns about inflation. Inflation has been a lingering...

JPMorgan's 2Q profits more than double, beating expectations

Jul. 13, 2021 11:31 AM EDT

NEW YORK (AP) — JPMorgan Chase said its second quarter profits more than doubled from a year ago — a reflection of the improving global economy and fewer bad loans on its balance sheet. But the bank's revenues fell noticeably in the quarter, due partially to a decline in interest rates...

How major US stock indexes fared Monday

Jul. 12, 2021 16:32 PM EDT

Major stock indexes notched more record highs on Wall Street Monday as investors look ahead to a wave of earnings reports from big U.S. companies coming out this week. Major banks get things started on Tuesday as JPMorgan Chase and Goldman Sachs put out their results for...

Stocks close higher, capping a 3rd straight week of gains

Jul. 09, 2021 17:00 PM EDT

Bond yields rebounded solidly and stock indexes notched new highs Friday as Wall Street closed out a choppy, holiday-shortened week of trading with the market's third straight weekly gain. The S&P 500 index rose 1.1% to an all-time high for the second time this week....

How major US stock indexes fared Friday

Jul. 09, 2021 16:40 PM EDT

Stocks closed with solid gains on Wall Street Friday, ending a holiday-shortened week with their third straight weekly gain. The S&P 500 rose to another record high, led by banks and technology stocks. Big companies will start reporting their quarterly earnings next...

Asian shares slip after Wall Street retreat, bond yields dip

Jul. 09, 2021 00:30 AM EDT

BANGKOK (AP) — Shares were mostly lower in Asia on Friday after stocks pulled back from their recent record highs on Wall Street as bond yields fell and investors turned cautious. Tokyo’s Nikkei 225 lost nearly 2%. Shares fell in Seoul, Sydney and Shanghai but rose...