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☆ JPMorgan's Michael Feroli expects two 25 bps cuts through year-end
▼ + stars: | 2024-11-01 | 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 EmailJPMorgan's Michael Feroli expects two 25 bps cuts through year-endMichael Feroli, JPMorgan chief U.S. economist, joins 'Power Lunch' to discuss the disappointing jobs report and the economy.

Persons: Michael Feroli Organizations: JPMorgan

☆ How the stock market will react to Friday's jobs report, according to JPMorgan
▼ + stars: | 2024-10-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

JPMorgan's trading desk has some ideas on how much the stock market might move following Friday's all-important job report. Between 120,000 and 200,000 jobs added; 30% chance: This is the so-called Goldilocks print. The S & P 500 should finish the day somewhere between flat and up 0.5%. Below 20,000 jobs added; 5% chance: This should catalyze a large sell-off as a negative nonfarm payrolls print typically front runs a recession. The S & P 500 should pull back somewhere within the range of 0.75% and 1.5%.

Persons: payrolls, Dow Jones Organizations: Federal Reserve, JPMorgan, Equity

☆ What Wall Street expects from Amazon, Apple earnings after the bell
▼ + stars: | 2024-10-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Wall Street faces another key litmus test Thursday with results from megacap technology giants Apple and Amazon . For Apple, Wall Street also wants to see its latest iPhone pick up steam, and investors seek more insight into when the company's AI initiative will begin lifting sales. For Apple, Wall Street expects EPS of $1.60 on $94.58 billion in revenue. Amazon's retail business also remains top of mind for Wall Street ahead of the busy holding shopping period. Apple For Apple, Wall Street is eagerly searching for signs of strong demand for its latest iPhone model and updates on its AI strategy.

Persons: Jason Helfstein, Brent Thill, Bank of America's Justin Post, Doug Anmuth, Goldman Sachs, Eric Sheridan, Ronald Josey, Morgan Stanley, Erik Woodring, Jefferies, Edison Lee, Samik Chatterjee, Davidson's Gil Luria, Wamsi Mohan, Tim Long, AAPL, Long Organizations: Apple, Nasdaq, Microsoft, Wall, LSEG, Amazon, StreetAccount, Jefferies, Bank of America's, Apple Intelligence, " Bank of America, Barclays Locations: Amazon

☆ A Gen Xer was tired of balancing 2 jobs and earning under $50,000 a year so he went back to school. The decision 'changed his life,' he said.
▼ + stars: | 2024-10-31 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Lloyd Morgan was struggling to make ends meet working multiple jobs and earning under $50,000. Now he's working in local politics and earning $78,500 annually. Morgan decided he had to try something different. In recent years, some people have decided college isn't worth it due to the cost of higher education and job opportunities for workers without degrees. To be sure, a college degree doesn't guarantee a higher-paying job.

Persons: Lloyd Morgan, —, Morgan, Pennsylvania State Sen, Jimmy Dillon, wasn't, he's, Dillon —, Sen, Dillon, Dillon doesn't, it's Organizations: Service, Penn State Abington, Penn State University, Pennsylvania State, Business, College, Dean College in, Dean College, University of Pennsylvania, WIC, Public Locations: Philadelphia, Penn, Dean College in Massachusetts, Manhattan, Pennsylvania

☆ Growth is going to be stronger in the next part of the cycle, says JPMorgan's Stephen Parker
▼ + stars: | 2024-10-29 | 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 EmailGrowth is going to be stronger in the next part of the cycle, says JPMorgan's Stephen ParkerStephen Parker, JPMorgan Private Bank head of specialized strategies, joins 'Squawk Box' to discuss the latest market trends, state of the economy, and more.

Persons: JPMorgan's Stephen Parker Stephen Parker Organizations: JPMorgan Private Bank

☆ JPMorgan's Stephen Tusa: 3M has room to run with entrance of new management
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan's Stephen Tusa: 3M has room to run with entrance of new managementStephen Tusa, managing director at JPMorgan, joins CNBC's 'Halftime Report' to give his bull case for 3M.

Persons: Stephen Tusa Organizations: JPMorgan

☆ Jamie Dimon says the global order is at risk — and raging conflicts could explode into World War 3
▼ + stars: | 2024-10-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

JPMorgan CEO Jamie Dimon said US adversaries want to dismantle the world order. The bank chief said the Russia-Ukraine and Israel-Gaza conflicts could escalate into World War III. AdvertisementJamie Dimon says US adversaries want to topple the world order, and the Russia-Ukraine and Israel-Hamas conflicts could explode into a new world war. Dimon emphasized the risk that global warfare could break out, citing his historical knowledge and a recent Washington Post article that said, "World War III has already begun." Ray Dalio, another Wall Street billionaire and a financial historian, said last October that the chance of a world war involving the US and China had jumped from 35% to 50% over the previous two years.

Persons: Jamie Dimon, Dimon, —, Vladimir Putin's, We've, it's, Ray Dalio Organizations: Service, JPMorgan, Institute for International, Washington Post, Wall Street Locations: Russia, Ukraine, Israel, Gaza, China, Western, Washington , DC, Washington, Iran

☆ JPMorgan is boosting its junior-banker ranks
▼ + stars: | 2024-10-25 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +5 min

JPMorgan is ramping up its hiring of investment-banking analysts and associates, BI has learned. The fourth quarter is usually a slow period of hiring for investment banks. JPMorgan Chase is in the midst of an off-cycle hiring spree for junior investment bankers, according to people familiar with the bank's recruitment efforts and its online jobs board. AdvertisementAs Business Insider previously reported, JPMorgan recently said it would cap junior bankers' weekly work hours to 80 per week, with key exceptions. It also created a new HR role specifically to oversee the "well-being" of junior bankers.

Persons: —, JPMorgan Chase, headhunter, Wall, Banks, there's, Jamie Dimon, wasn't Organizations: JPMorgan, Service, IPOs, Bank of America, WSJ

☆ Markets at a crossroads while jobs data and election loom, says JPMorgan's Dubravko Lakos
▼ + stars: | 2024-10-25 | 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 EmailMarkets at a crossroads while jobs data and election loom, says JPMorgan's Dubravko LakosDubravko Lakos, Head of Global Markets Strategy at JPMorgan, joins CNBC's Halftime Report to discuss his outlook for equities.

Persons: JPMorgan's Organizations: Global, JPMorgan

☆ Live Nation is a buy and can jump nearly 20% from here, JPMorgan says
▼ + stars: | 2024-10-24 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Live Nation Entertainment's efforts to develop venues are an additional growth driver for an already strong company, according to JPMorgan. The firm reiterated an overweight rating on the entertainment stock and raised its price target to $137 per share from $118. "A global leader in live entertainment, ticketing, and talent management services, we see Live Nation as a multi-year free cash flow growth story supported by a management team focused and compensated on continued monetization of artist, tour, and venue content," the analyst added. Of the 22 covering the stock, 18 have either a buy or strong buy rating on it, per LSEG. LYV YTD mountain LYV year to date

Persons: David Karnovsky Organizations: JPMorgan, Investment, Ticketmaster

☆ JP Morgan: Expect BI to cut interest rate by 50bps by Q1 2025
▼ + stars: | 2024-10-21 | 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 EmailJP Morgan: Expect Bank Indonesia to cut interest rate by 50bps before the end of Q1 next yearJP Morgan's Henry Wibowo calls for targeted fiscal stimulus from Indonesian government to support lower- and middle-income households

Persons: JP Morgan, Morgan's Henry Wibowo Organizations: Expect Bank Locations: Expect Bank Indonesia

☆ Big banks are bracing for losses as Americans struggle to pay off debt
▼ + stars: | 2024-10-21 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

American consumers and businesses are having a hard time paying off credit card, auto, and commercial real estate debt. Bank CEOs said on recent earnings calls that elevated prices and interest rates continue to weigh on Americans. According to Federal Reserve data, the past-due debt share for credit card, auto, and commercial real estate has recently risen to above pre-pandemic levels. That's because some loans are coming due — forcing businesses to refinance at much higher interest rates. The financial roller coaster of pandemic payments, whipsawing inflation, and high interest rates are especially affecting lower-income Americans.

Persons: —, Wells Fargo's, haven't, Bruce McClary, David Schiff, Schiff, Edmunds, Stephen Biggar, Biggar, Jane Fraser, Brian Moynihan, Charles Scharf, Wells, Jeremy Barnum, There's, I'm Organizations: Bank, Service, Federal Reserve, Business, Bank of America, JPMorgan, Citigroup, Bank of, New, Fed, National Foundation, Credit, Argus Research, Bank of America's Locations: Wells Fargo, delinquencies

☆ JPMorgan issues short-term buy call on China electric car stock
▼ + stars: | 2024-10-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Analyst Nick Lai, who has an overweight rating on the Chinese electric vehicle maker, added Xpeng to the Wall Street bank's positive catalyst watch list in a 17-page report out Sunday. This comes amid JPMorgan's forecast that EREVs and plug-in hybrid electric vehicles combined will make up about 60% of the new energy vehicle market by 2030 – almost double last year's figure. Another event that could drive the stock higher is Xpeng's third-quarter results next month, which Lai thinks will show expanded gross profit margins. Heading into 2025, Xpeng should see more volume growth, JPMorgan said, with the bank forecasting 72% volume growth in 2025. As a result, Xpeng should see positive free cash flow next year and a profit in 2026, according to Lai.

Persons: Nick Lai, Lai, BEV, –, Max, Mona, Xpeng, they've Organizations: JPMorgan Locations: 4Q24, 1Q25, Xpeng

☆ One chip company's newest tactic to attract workers: Help pay off their student loans
▼ + stars: | 2024-10-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

AdvertisementWhen Morgan earned her bachelor's degree in 2018, she graduated with over $20,000 in student loan debt that she hoped to pay off by 2032. Morgan now expects to fully pay off her remaining $16,000 student debt balance by 2028 — four years earlier than planned. Morgan estimates that receiving student debt relief will allow her to pay off her loans four years ahead of schedule. MorganGlobalFoundries is betting that student debt relief will help it attract prospective employees and retain current workers. The company's student debt relief program is just another way it's trying to attract workers.

Persons: Chipmaker GlobalFoundries, —, Morgan, she's, they've, GlobalFoundries, it's, Morgan GlobalFoundries, Joe Biden, Raman, Biden, we've, Stephanie, It's Organizations: Service, Business, Semiconductor Industry Association, Oxford Economics, Nvidia, Bright, GlobalFoundries Locations: York, Malta, New York, Austin

☆ Wall Street is trying to make AI search sexy
▼ + stars: | 2024-10-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

Finance firms and fintech startups are trying to use generative AI to improve search capabilities. Perfecting search, down the line, could lead to more automation and more complex generative AI tools. It has already onboarded some-25 Wall Street firms onto its generative AI platform. AdvertisementMeanwhile, two Stanford grads came together to build Mako, a generative AI associate for the private-equity industry. The search tool is the bank's second such generative AI tool, the first being a generative AI developer co-pilot that helps software engineers code more efficiently.

Persons: Goldman Sachs, Blackstone, —, Goldman hoovered, Neema Raphael, Raphael, it's, Morgan Stanley's, Keri Smith, Smith, Jeff McMillan, Gabe Stengel, Stanford grads, It's, Peter Anderson, Familiarizing, Goldman Organizations: Service, Bloomberg, Nasdaq, Goldman, Blackstone, Google, Bank of America's, Accenture, Stanford, Balyasny Asset Management Locations: Wall, OpenAI

☆ Investment banking has made a multibillion-dollar rebound, but it's too early to pop the Champagne
▼ + stars: | 2024-10-18 | by ( Hayley Cuccinello | Emmalyse Brownstein | ) www.businessinsider.com time to read: +7 min

Major banks like Goldman Sachs walloped Wall Street expectations thanks to dealmaking fees. Investment banking has made a comeback, and bigger bonuses are in the cards, too. The biggest banks on Wall Street reported a huge boost in dealmaking fees this quarter after a two-year slump. Investment bank revenue surged 30% on average at Goldman Sachs, JPMorgan, Bank of America, Citigroup, and Morgan Stanley, according to Wells Fargo analyst Mike Mayo. Morgan Stanley's investment bank revenue surged 56% year over year to $1.46 billion, beating Wall Street expectations.

Persons: Goldman Sachs, —, Morgan Stanley, Wells, Mike Mayo, Sharon Yeshaya, Morgan, Global's Nathan Stovall, corporates, Stovall, David Ellison's Skydance, JPMorgan's Jamie Dimon, David Solomon, Mayo, Cole Smead, There's, Jon Gray, anecdotally, Gray, David Stowell, Stowell, I'm, it's, Alan Johnson Organizations: Investment, Service, Wall, JPMorgan, Bank of America, Citigroup, Citi, Mars, Paramount, David Ellison's Skydance Media, Wall Street, Smead Capital Management, Blackstone, Kellogg School of Management, Northwestern University, underwriters, Johnson Associates Locations: Wells Fargo, Mayo

☆ Why we're downgrading our solar stock Nextracker, plus the chipmakers bounce back
▼ + stars: | 2024-10-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Semiconductor stocks are rebounding in reaction to a beat-and-raise earnings report from Taiwan Semiconductor . NEXTracke r: Shares of solar stock Nextracker are having another rough day, dropping roughly 3%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023.

Persons: Jim Cramer, Donald Trump, Joe Biden, Trump, there's, we've, Jim Cramer's, Jim, Amber Wang Organizations: CNBC, Semiconductor, Taiwan Semiconductor, Nvidia, Apple, Taiwan Semi, ASML Holdings, Treasury, Atlanta, JPMorgan, Nextracker, Microsoft, Republican, Netflix, Procter, Gamble, American Express, Jim Cramer's Charitable, Taiwan Semiconductor Manufacturing Company, Center, Afp, Getty Locations: Taiwan, Hsinchu, AFP

☆ Bank bosses aren't worried about lower interest rates — and even see some upside
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Wall Street's biggest banks face a less profitable lending environment as interest rates fall. Bank bosses shrugged off those concerns this week and pointed to several benefits of lower rates. AdvertisementLending threatens to become far less lucrative for Wall Street's biggest banks as interest rates fall. But he said the Fed's jumbo rate cut might have sparked more activity in debt capital markets recently. AdvertisementCEO David Solomon said the Fed's first rate cut has raised hopes of avoiding a US recession, which could translate into more economic activity.

Persons: shrugged, —, Alistair Borthwick, Banks, Jane Fraser, Fraser, Mark Mason, Wells, Charles Scharf, Wells Fargo, Morgan Stanley, Sharon Leshaya, Citi's Fraser, Jeremy Barnum, Barnum, Goldman Sachs, David Solomon, BoA, Goldman Organizations: Bank, Service, Wall, Federal Reserve, Bank of America, Citigroup, Citi Locations: refi

☆ JPMorgan says buy these power producers on the 'paradigm shift' in electricity demand from AI data centers
▼ + stars: | 2024-10-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Independent power producers Vistra , Constellation Energy and Talen Energy are positioned to benefit from a "paradigm shift" in electric demand from artificial intelligence data centers, according JPMorgan. "We see structural tailwinds, including manufacturing onshoring, broader electrification trends (transportation, heating, and more), as well [as] data center development underpinning a paradigm shift in power demand," Tonet and his team told clients in research report. Demand from tech companies for carbon-free power to drive their data centers will transform nuclear power and enable its owners to "command a substantial premium," they wrote. CEG 1Y mountain Constellation Energy shares over the past 12 months. TLN 1Y mountain Talen Energy stock over the past year

Persons: Jeremy Tonet, Tonet, Vistra Organizations: Constellation Energy, Talen, JPMorgan, Lone Star State, VST, Microsoft, Constellation, Amazon Web Services, Susquehanna, Energy Locations: Wednesday's, Texas, Pennsylvania

☆ Top Wall Street analysts are boosting stock market forecasts as the bull market charges on
▼ + stars: | 2024-10-16 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

A number of bank research desks have raised their S&P 500 price targets in recent weeks. AdvertisementThe bull market hasn't weakened in the fourth quarter, and top bank research desks have been rushing to raise their S&P 500 price targets into year-end. AdvertisementBelski said his upgrade was based on strong market gains so far this year, which he says typically leads to stronger-than-normal gains in the fourth quarter. Lakos-Bujas kept his 4,200 price target for the S&P 500 unchanged, though. AdvertisementThe more upbeat 2024 forecasts come as the bull market charges on, with the S&P 500 up 3.2% in the last month and 22.6% this year.

Persons: —, hasn't, Goldman Sachs, Jonathan Golub, Patrick Palfrey, David Kostin, Kostin, Brian Belski, Belski, Dubravko Lakos, Bujas Organizations: Service, UBS, BMO, Deutsche Bank, Bloomberg, Reserve

☆ Stifel’s Barry Bannister sticks to his bearish market stance
▼ + stars: | 2024-10-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Over the past month, the S & P 500 has climbed 3.2% to break above 5,800 for the first time. "Despite all the soft-landing and Fed rate cut optimism, the S & P 500 up almost 40% y/y has simply over-shot," he wrote in a note to clients. "S & P 500 over-valuation has been supported by (and fully reflects) the Fed likely cutting the real funds rate," he added. This summer, he said he expected the S & P 500 to fall to 5,000 by the fourth quarter. While not included in CNBC Pro's Market Strategist Survey , that forecast would mark Stifel as the second lowest among those surveyed.

Persons: Barry Bannister, Stifel, manias, Bannister Organizations: Federal Reserve, CNBC Pro's, Survey, Citi, Cisco Systems

The vast majority of analysts surveyed by FactSet hold a strong buy or buy rating on the stock. Despite its recent slowdown, analysts surveyed by FactSet have a consensus buy rating on the dominant e-commerce platform. Bullish voices on the stock include Goldman Sachs analyst Eric Sheridan, who recently reiterated a buy rating and $230 price target. JPMorgan's Anmuth is similarly positive on Amazon ahead of earnings, rating the stock overweight and saying it remains the favorite in the bank's firm's internet sector coverage. The consensus FactSet rating on Meta is buy, with an average price target of $604, suggesting just 2.3% potential upside.

Persons: Roundhill, —, selloff, Goldman Sachs, Kash Rangan, Nvidia's Blackwell, Brad Zelnick, Amit Daryanani, Daryanani, Apple's wearables, qtr, Tim Cook's, you'd, Morgan Stanley, Jensen, Blackwell, Biden, Tesla, enthusiam, Elon, Wells, Colin Langan, Department's, Doug Anmuth, Bank of America's Justin Post, Eric Sheridan, Sheridan, Goldman, Anmuth, Baird, Roth MKM, JPMorgan's Anmuth, Goldman's Sheridan, Meta's, — CNBC's Michael Bloom Organizations: Apple, Microsoft, Nvidia, Tesla, CNBC, Windows, Investment, Deutsche Bank, Justice Department, Blackwell, Bloomberg, Ford, General Motors, EV, Google, FactSet, Bank of America's, ISI, Walmart, Costco, eBay, Meta, Ray, Labs, Facebook, Temu, Goldman Locations: China, FactSet, ., Downside, U.S, Wells Fargo, American, Meta's Asia, Pacific

☆ The latest AI trend is asking ChatGPT to tell you something about yourself that you might not know
▼ + stars: | 2024-10-15 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

ChatGPT users are asking the AI to reveal any personal traits it's gleaned from their past conversations. The ChatGPT responses posted by people online revealed long, detailed analyses that pointed out traits from users' "thoughtful approach to conversations" or ability to "blend curiosity with analysis." AdvertisementSome ChatGPT users suggested follow-up questions for the AI that might result in a less complimentary response. One person on X suggested asking ChatGPT to give them "the real talk," and another on Reddit, for a similar prompt, suggested telling the bot to "play devil's advocate." The viral prompt suggests that many people are getting comfortable talking to AI and asking it personal questions.

Persons: —, Tom Morgan, Sam Altman, ChatGPT Organizations: Service

☆ Cramer says reports from Wells Fargo and JPMorgan are 'good omens' for earnings season
▼ + stars: | 2024-10-14 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday reviewed quarterly reports from two of the biggest names in the financial sector, JPMorgan and Wells Fargo . He said he was excited by both banks' performance and suggested their success means earnings season will bring more positive news. "While these quarters were certainly good news for JP Morgan and Wells Fargo, I think they're also good omens for earnings season and the market overall," he said. Like JPMorgan, Wells Fargo beat Wall Street's expectations last week. "Rather than getting bogged down in the details, it's better to focus on the positive overall picture, which is exactly what happened on Friday.

Persons: CNBC's Jim Cramer, JP Morgan, Wells Fargo, they're, Cramer, Wells Fargo's Organizations: JPMorgan, Wells, Federal Locations: Wells Fargo

☆ What happened Friday hasn't happened in ages. It bodes well for earnings
▼ + stars: | 2024-10-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

Getting ready for the "two problematic stories," Wells Fargo and JPMorgan , which came later in the morning, took some real digging. ET – Wells Fargo shares turned and started inching up. With what you saw in Wells Fargo and JP Morgan on Friday. Think like this: When the psychology of the market changes, people don't want to bang out of Wells Fargo, they want to get in. But there is no doubt that Wells Fargo at 11 times forward earnings now seems a little silly given that the background is so positive.

Persons: Larry Fink, Wells, Wells Fargo, Charlie Scharf, Jamie Dimon, Jeff Marks, JP Morgan, Scharf, It's, Warren Buffett, Morgan Stanley, Eli Lilly, haven't, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: BlackRock, JPMorgan, Wall, Club, Wells Fargo, Elon, SpaceX, Federal, New York Stock Exchange, Fed, Bank of America, Boston, Walmart, Costco, Semiconductors, Enterprise, JFrog, Microsoft, –, Dow, Jim Cramer's Charitable, CNBC Locations: Wells Fargo, NII, U.S

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