Latest JPMorgan Chase & Co News

American Express 2Q profits rise 9%, beating expectations

Jul. 19, 2019 8:44 AM EDT

NEW YORK (AP) — American Express posted a 9% gain in second-quarter profits on Friday, helped by more of its cardmembers carrying a credit card balance and increased spending on its namesake cards. The New York company said it earned a profit of $1.76 billion, or $2.07 a share. That's up from earnings of...

Asian stocks mixed as Wall Street ends 5-day winning streak

Jul. 16, 2019 11:22 PM EDT

TOKYO (AP) — Asian stocks were mixed Wednesday as Wall Street ended a five-day winning streak after the first big round of corporate earnings reports. Japan's benchmark Nikkei 225 dipped 0.4% to 21,445.03 in morning trading. Australia's S&P/ASX 200 added 0.4% to 6,667.60. South Korea's Kospi dipped...

Markets Right Now: Stocks break a 5-day winning streak

Jul. 16, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending broadly lower on Wall Street, breaking a five-day winning streak for the S&P 500 index. Technology companies posted some of the biggest losses Tuesday. Microsoft lost 1.3%. Some banks rose after...

JPMorgan Chase posts $9.7 billion profit, beating estimates

Jul. 16, 2019 9:47 AM EDT

NEW YORK (AP) — Banking giant JPMorgan Chase & Co. said Tuesday that its second quarter profits grew by 16% from a year ago, helped by lower taxes and the ability to charge businesses and consumers more to borrow money. The nation's largest bank by assets said Tuesday that it earned $9.65 billion, or...

Asian shares mixed in lackluster trading, Nikkei falls 0.6%

Jul. 16, 2019 12:00 AM EDT

TOKYO (AP) — Asian shares were little changed and mixed in quiet trading Tuesday amid a lack of fresh market-moving news as investors looked ahead to earnings season. Japan's benchmark Nikkei 225 lost 0.6% in early trading to 21,549.68. Australia's S&P/ASX 200 edged 0.1% higher to 6,657.20. South...

Markets Right Now: Stocks end a wobbly day slightly higher

Jul. 15, 2019 4:10 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Major U.S. stock indexes ended a wobbly day with meager gains, enough to push them slightly further into record territory. Trading was indecisive for much of the day Monday, as losses for banks mostly offset gains in...

Stocks edge lower as bank losses offset technology gains

Jul. 15, 2019 10:22 AM EDT

NEW YORK (AP) — Stocks edged lower in early trading Monday on Wall Street as a decline in banks offset solid gains in technology companies. The losses follow record high finishes for every major stock index last week. The S&P 500 index also pushed above 3,000 for the first time. Citi led banks lower,...

Stocks climb to records on hopes for lower interest rates

Jul. 12, 2019 4:30 PM EDT

NEW YORK (AP) — The major U.S. stock indexes closed at record highs on Friday, with the S&P 500 ending above 3,000 for the first time. The market was driven higher by technology, consumer discretionary and industrial company stocks, which more than offset the drop in drugmakers. Investors continued to...

Deutsche Bank cuts mark end to failed bid for global scale

Jul. 8, 2019 3:02 PM EDT

BERLIN (AP) — The radical and painful restructuring of Germany's Deutsche Bank, which is cutting 18,000 jobs, is the end of a long, failed attempt to compete with the global investment banking giants that left it overextended. The bank plan unveiled Sunday aims to go "back to our roots" by refocusing on...

Asian stocks rise after Wall Street record on trade truce

Jul. 2, 2019 12:22 AM EDT

BEIJING (AP) — Most Asian stock markets rose Tuesday after Wall Street's benchmark hit a new high following the latest truce in the costly U.S.-Chinese trade war. Tokyo and Sydney rose, while Shanghai was unchanged. Hong Kong rose strongly in early trading despite protests over a proposed extradition law...