Latest JPMorgan Chase & Co News

As Bitcoin goes mainstream, Wall Street looks to cash in

Oct. 19, 2021 11:55 AM EDT

NEW YORK (AP) — Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day. Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, rivaling the world's most valuable company, Apple, and have...

Goldman Sachs' profits jump 60% helped by deal-making frenzy

Oct. 15, 2021 10:34 AM EDT

NEW YORK (AP) — Goldman Sachs' profits jumped 60% in the third quarter, as the deal-making bonanza that dominated financial markets this summer brought in hundreds of millions of dollars in fee revenue for the investment bank. The New York-based firm said Friday that...

Bank profits soar, helped by merger frenzy, fewer bad loans

Oct. 14, 2021 13:57 PM EDT

NEW YORK (AP) — It's good to be a bank right now. Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has helped reduce the number of loans in default or that the bank won't likely recoup. The results for...

Asian shares rise as Wall Street tech gain boosts optimism

Oct. 14, 2021 00:08 AM EDT

TOKYO (AP) — Asian shares were mostly higher on Thursday, tracking an overnight rally on Wall Street as investors sought out bargains, including technology stocks. Benchmarks rose in Tokyo, Seoul and Sydney in morning trading. Markets in Hong Kong were closed for a...

BlackRock; Vistra rise; JPMorgan Chase, Delta fall

Oct. 13, 2021 16:31 PM EDT

Stocks that traded heavily or had substantial price changes Wednesday: Qualcomm Inc., up $2.09 to $125.04. The chipmaker's board of directors approved a $10 billion stock buyback plan. BlackRock Inc., up $31.62 to $867.81. ...

JPMorgan's 3Q profits rise, but low rates weigh on revenue

Oct. 13, 2021 13:05 PM EDT

NEW YORK (AP) — JPMorgan Chase posted a 24% jump in third-quarter profits on Wednesday, largely driven by one-time items that boosted its results, as the bank struggled to grow revenues with interest rates at near-zero levels. Despite the slow revenue growth, the bank...

Asian shares mixed after muddled day of trading on Wall St

Oct. 13, 2021 01:09 AM EDT

Shares were mixed in Asia on Wednesday after an up-and-down day on Wall Street ended with most benchmarks lower as traders waited for updates on inflation and corporate earnings. Tokyo's Nikkei 225 index fell 0.3% to 28,158.28 and the S&P/ASX 200 edged 0.1% lower to...

Stocks give up an early gain and end lower on Wall Street

Oct. 11, 2021 16:42 PM EDT

Stocks closed broadly lower after a day of choppy trading on Wall Street Monday as investors prepare for a busy week of corporate earnings and inflation updates. The major indexes made early gains, but slowly fizzled as the day progressed. The S&P 500 fell 30.15...

Bash back better: Here's what governing by crisis looks like

Oct. 02, 2021 09:18 AM EDT

WASHINGTON (AP) — Washington's tempestuous week of walking, chewing gum, juggling balls and spinning plates at the same time is giving rise to apocalyptic rhetoric about the state and future of the country. Four big things are happening at once, all attended by...

How to benefit from corporate pledges to minority businesses

Sep. 30, 2021 07:01 AM EDT

Since the start of 2020, companies from Bank of America and JPMorgan Chase to Google and Twitter have pledged billions of dollars to support entrepreneurs of color. All those dollars don’t go directly into business owners’ pockets, however. Many are being invested in...