Latest Jamie Dimon News

Stock market today: Wall Street rises to close its latest record-setting week as banks jump

Oct. 11, 2024 17:11 PM EDT

NEW YORK (AP) — U.S. stocks rose to records Friday as big banks rallied following a run of reassuring profit reports. The S&P 500 climbed 0.6% to top its all-time high set earlier in the week and close out its fifth straight winning week, while the Dow Jones Industrial Average...

JPMorgan sets aside more money for potential bad loans but says consumers are on 'solid footing'

Oct. 11, 2024 11:36 AM EDT

NEW YORK (AP) — JPMorgan's net income fell 2% in the third quarter as the bank had to set aside more money to cover bad loans, but the results topped Wall Street estimates and shares rose in morning trading. Net income fell to $12.9 billion from $13.2 billion in the year-ago...