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☆ JPMorgan shares 4 charts that put the banking crisis into perspective — and show why the tech recession may already be over
▼ + stars: | 2023-03-26 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

But JPMorgan Private Bank's Jacob Manoukian says investors shouldn't let the noise distract them. With the recent collapses of Silicon Valley Bank and Signature Bank drawing comparisons to the Global Financial Crisis, the stakes have never been higher for the Federal Reserve than they were during this week's FOMC meeting. Both SVB and Signature Bank had an unusually high concentration of large deposits above the $250,000 threshold insured by the Federal Deposit Insurance Corporation. Takeaway #2: Say goodbye to the tech recessionBesides their deposit makeup separating them from regional banks, both SVB and Signature Bank were also highly concentrated in specific sectors. "Such companies are often (as yet) unprofitable, speculative and digitally enabled," Manoukian wrote.

☆ Wall Street ends volatile week higher as Fed officials ease bank fears
▼ + stars: | 2023-03-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

"Wall Street is taking its cues from Washington and other capitals as it relates to interest rates and banking regulations." "The Fed may be jaw-boning a bit as it says more rate increases may be coming this year," JPMorgan's Carter added. Worries over potential contagion beyond regional banks threatening to spread to their larger peers was sparked by a sell-off of European bank shares. While the S&P Bank index (.SPXBK) ended modestly lower, the KBW Regional Bank index (.KRX) jumped 2.9%. Regional lenders PacWest Bancorp , Western Alliance Bancorp (WAL.N) jumped 3.2% and 5.8%, respectively, while First Republic Bank (FRC.N) dropped 1.4%.

☆ Wall Street closes sharply higher, notches weekly gains as Treasury yields ease
▼ + stars: | 2023-03-03 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

The week also saw the benchmark S&P 500 break through its 50- and 200-day moving averages, two closely watched technical levels. [1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 3, 2023. Fourth-quarter earnings season is on the final stretch, with all but seven of the companies in the S&P 500 having reported. This would imply the S&P 500 entered a three-quarter earnings recession in the closing months of 2022, per Refinitiv. The S&P 500 posted 23 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 79 new highs and 57 new lows.

[1/3] Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Lawyers for the U.S. Virgin Islands did not immediately respond to requests for comment. The U.S. Virgin Islands is seeking damages from JPMorgan for missing red flags about Epstein's misconduct on Little St. James, a private island he owned there. Dimon and Staley, who later served as Barclays Plc's (BARC.L) chief executive, are not defendants in either lawsuit. The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

In a Thursday filing in Manhattan federal court, the U.S. Virgin Islands said JPMorgan's wrongful conduct continued at least until August 2019, when Epstein killed himself. The U.S. Virgin Islands called Dimon "a likely source of relevant and unique information" about decisions to retain Epstein as a client, and discussions on Epstein's referrals of prominent and wealthy potential clients. According to the filing, the business referral relationship continued after Epstein stopped being a client. The U.S. Virgin Islands is suing JPMorgan for unspecified damages, saying the bank should have known about its "high-risk" former client's misconduct on a private island he owned there. The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

☆ JPMorgan says it is not liable for top banker's ties to Jeffrey Epstein
▼ + stars: | 2023-02-23 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Lawyers for the U.S. Virgin Islands did not immediately respond to requests for comment. Epstein killed himself in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges. After leaving JPMorgan, Staley became chief executive of Barclays Plc (BARC.L) but resigned in November 2021 amid a dispute with British financial regulators examining his ties to Epstein. Epstein's victims are also suing JPMorgan and Deutsche Bank AG (DBKGn.DE), where Epstein was a client from 2013 to 2018. The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

☆ Wall Street closes green as GDP data eases recession worries
▼ + stars: | 2023-01-26 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/2] People stand by the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2023. Fourth-quarter earnings season has hit full stride, with more than one fourth of the companies in the S&P 500 having reported. Analysts now see aggregate fourth quarter earnings falling 2.7%, worse than the 1.6% year-on-year decline seen on Jan. 1, but an improvement over the 3% annual decline as of Wednesday, per Refinitiv. Of the 11 major sectors of the S&P 500, all but consumer staples (.SPLRCS) advanced. The S&P 500 posted 23 new 52-week highs and no new lows; the Nasdaq Composite recorded 111 new highs and 32 new lows.

☆ We expect recession next year to help bring inflation down, says JPMorgan's Elyse Ausenbaugh
▼ + stars: | 2022-12-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect recession next year to help bring inflation down, says JPMorgan's Elyse AusenbaughElyse Ausenbaugh, global investment strategist at JPMorgan Private Bank, and Gunjan Banerji, Wall Street Journal markets and investing reporter, join CNBC's 'Squawk Box' to discuss markets ahead of the open.

☆ We are positioning for a U.S. recession in 2023, says JPMorgan's Elyse Ausenbaugh
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are positioning for a U.S. recession in 2023, says JPMorgan's Elyse AusenbaughElyse Ausenbaugh, global investment strategist at JPMorgan Private Bank, joins CNBC's 'Squawk Box' to discuss her forecast for future interest rate hikes from the Federal Reserve.

☆ Sell stocks in a bear market rally and look to this alternative, JPMorgan strategist says
▼ + stars: | 2022-10-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

But it has also seen multiple weeks where stocks have risen by more than 5% despite slower economic growth expectations. Such bear market rallies, according to Madison Faller, global investment strategist at JPMorgan Private Bank, were well suited for investors to sell stocks ahead of a more significant market fall. Last week, Bank of America also advised clients not to trust the recent market rally as its research pointed toward further declines in the stock market. iShares 0-5 Year TIPS Bond ETF: It has exposure to short-term U.S. Treasury Inflation-Protected Securities (TIPS). iShares 1-5 Year Investment Grade Corporate Bond ETF: It has exposure to U.S. corporate bonds with maturities between one to five years.

☆ Wealthy parents are taking out cheap loans to buy their adult children homes and save on taxes. Here's how it works and why it's feeding the all-cash bidding frenzy.
▼ + stars: | 2021-10-13 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

For wealthy parents, these loans are a way to pass on their wealth to their children at a low cost. Every week for the past 14 months, the wealth advisor Aaron Bell has had to help his affluent clients buy houses. With interest rates on loans as low as 2%, clients can save money by taking out loans they don't need, rather than liquidating their stock and incurring hefty capital-gains taxes. Parents pledging their investment accounts with their child as the borrower is a tax-efficient way to pass along assets before death. These lines are also secured by the value of the property, which means that as it appreciates, the adult child's dependence on their parents' assets decreases.

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