JPMorgan News

JPMorgan CEO Jamie Dimon has argued that with Artificial Intelligence people may be able to work 3.5 days in a week in the future.

Several other brokerages have recommended a ‘BUY’ rating for Paytm. These include Goldman Sachs, Bank of America, Morgan Stanley, Dolat Capital, and ICICI Securities. Paytm recently posted third-quarter results for fiscal 2022.

Amazon and its partners say they will use big-data analysis and other high-tech tools to improve care and cut wasteful spending.

The shares fell 1.2 percent to $23.07 after JPMorgan said a dividend cut was "increasingly likely" and lowered its price target on the stock to $20 from $22.

As many as 11 CEOs in the advisory councils have quit so far.

Washington: The U.S. Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as "espionage," according to Fed records.

Tokyo: Japanese Prime Minister Shinzo Abe on Wednesday said he would delay a sales tax hike that threatened to derail the fragile economy, but analysts said it highlighted the failure of his years-long efforts to spark growth.  

Capital markets watchdog Sebi today cancelled registration of Deutsche Mutual Fund following the transfer of its schemes to DHFL Pramerica Mutual Fund.

JPMorgan Chase & Co, the biggest US bank by assets, reported a 6.7 percent drop in quarterly profit as costs to cover possible sour loans to troubled shale oil companies rose and revenue from trading and investment banking declined.

Many countries have not yet introduced laws allowing regulators to write down bank`s debts to avoid taxpayer bailouts and prevent them being "too big to fail", the world`s top financial watchdog warned on Friday.

New Barclays Plc Chief Executive Jes Staley approached his former JPMorgan colleague Blythe Masters about running the British bank`s investment bank division, a person familiar with the matter said on Wednesday.

JPMorgan Chase & Co , the biggest US bank by assets, reported a 5.2 percent increase in quarterly profit as expenses declined.

The settlement also includes about $50 million in restitution, the sources said. 

About $2 billion of that is to come from cost-cutting in retail banking, with the bank planning to close 300 of its 5,570 branches by the end of 2016.

JPMorgan Chase & Co is concerned about loans that finance some leveraged buyouts, and is scaling back from what is a booming area, even as its overall loan portfolio grows, a top executive said in an interview. 

The bank`s net income rose to $5.91 billion, or $1.45 per share, in the first quarter ended March 31, from $5.27 billion, or $1.28 per share, a year earlier.

Global business activity picked up at the fastest pace in five months during February as new orders flooded in, even though companies raised prices, a business survey showed on Wednesday.

JPMorgan Chase & Co said on Tuesday it aims to save about $1.4 billion in annual expenses, mainly in consumer and investment banking, as a proposed government requirement to hold more capital is expected to pinch profits.

JPMorgan Chase today unveiled plans to eliminate hundreds of retail branches and some USD 100 billion in deposits as it announced nearly USD 5 billion in cost cuts in the next three years.

Signalling an imminent change in SpiceJet's ownership, potential investors including co-founder Ajay Singh and US-based JPMorgan have begun discussions with markets regulator Sebi over their investment plan for the cash-strapped airline.