JP Morgan Chase

You've Got to See What the CEOs of JPMorgan Chase and Wells Fargo Just Said About Bitcoin

Tell us how you really feel.<p>To put it mildly, cryptocurrencies are redefining "investment gains" for folks in 2017. Whereas the stock market has …

Investing

Bitcoin: Tulip or financial market revolution for young Australians?

You are in your late 20s and live in an east coast capital city.<p>You have a stable career and a bit of spare money, but it's unlikely you will be able …

Bitcoin

Bitcoin hits $6,000, making its creator even more insanely rich

The cryptocurrency reached a new high Friday, keeping up a huge gain for 2017.<p>Last month, JPMorgan Chase CEO Jamie Dimon called bitcoin "a fraud." But investors in the cryptocurrency don't seem all that convinced.<p>Bitcoin's value surged Friday above $6,000 for the first time, according to CoinDesk, …

Technology (India)

Captains of Finance Dismiss Bitcoin at Their Peril

The financial industry today looks stable and boring, with a few megabanks ever-more entrenched and markets that may not offer the same risks and …

FinTech

Why Wealth Management Is Such Good Business for Banks

Wealth management units are surprisingly profitable.<p>Over the last few years, many banks have doubled down on their asset and wealth management …

Investing

New GE chief vows turnaround after 'unacceptable' results

General Electric shares fell Friday after it reported lower earnings and slashed its profit forecast, raising the stakes for next month’s turnaround …

Markets

Bitcoin hits record as it surges above $6,000

News (U.S.)

Small business entrepreneur triples her money with Bitcoin - but beware the risks

Ms Heath is well aware of the risks. "You need to be a long-term investor who doesn't stress out if there is big dip," Ms Heath said. "I only invest …

Bitcoin

CNBC Online Survey: 49% Expect Bitcoin Price to Rise Above $10,000

CNBC today reported the results of a recent online survey which found that 49% of respondents believe that the price of Bitcoin will eventually top …

Jamie Dimon

Tax reform adds more fuel to financials' rally

U.S. stocks were poised to finish the week on a strong note, with major stock indices hovering near record highs, receiving another boost on Friday after the Senate passed a budget blueprint for the next fiscal year.<p>The budget, passed late Thursday evening, paves the way for tax reform, which is …

Markets

US stocks end at records on tax cut progress, Dow up 0.7%

NEW YORK: Wall Street stocks surged to fresh record highs Friday on increased confidence that Washington will enact tax cuts after a Senate vote …

Markets

Bank of America Just Passed a Major Milestone

The bank’s wealth management division has seen its assets under management climb to record heights.<p>When <b>Bank of America</b> (NYSE:BAC) reported its …

Investing

Bitcoin is heading to $10,000, CNBC survey says

The price of bitcoin could be heading to over $10,000, nearly half of respondents to a CNBC survey said.<p>During the week, CNBC ran an unscientific …

Cryptocurrency

Apprenticeships, long common in blue-collar industries, are coming to white-collar office work

Andrew Skelnik grew up in what he calls a “strong blue-collar background” in Chicago. His father was an electrician, his uncle was a carpenter and his first job out of high school was in the mailroom of a printing plant, where he worked his way up to become a pressman. The word “apprenticeship,” to …

News (U.S.)

JPMorgan Chase to Buy WePay; Venmo Adds Merchant Payments

Banks and financial technology companies are scrambling for territory in the online payments arena, as they compete to offer the safest and most …

Banking

JPMORGAN: Tesla could have to raise the price of the Model 3 (TSLA)

• <b>Tesla is going through "production hell" right now as it tries to get more Model 3s out the door.</b>• <b><br>If it can't solve its production problems, the company could look to other ways to maintain margins, like raising the prices.</b>• <b><br>JPMorgan lowered its price target and earnings forecasts based on the</b> …

Tesla

JPMorgan turns negative on Kimberly-Clark

JPMorgan downgrades Kimberly-Clark (NYSE:KMB) to an Underweight rating after having the consumer products stock set at Neutral.<p>The firm lowers its …

Business

Equitable Development Initiative launched to assist Detroit developers of color

The two-year pilot will lend funds and offer guidance<p>In Detroit’s recent development comeback, many are concerned about equitable development and representation. A new project aims at increasing the number of developers of color, and assisting in the development of mixed-use and multi-family …

Real Estate

JSE remains positive as rand slips

Cape Town – The JSE managed to close higher on Friday, after trading up for most of the day in line with positive world markets.<p>The rand, however, …

Markets

Tesla Price Target Cut at JPMorgan, Cautions on Model 3 Delivery

Shares of Tesla (TSLA) were sinking in early morning trading on Friday after analysts at JPMorgan cut their price target on the electric automaker's …

Investing

JPMorgan's Ulrich Says Structural Reform Central to China

October 20th, 2017, 5:02 AM UTC<p>Jing Ulrich, managing director and vice chairman of Asia-Pacific at JPMorgan Chase, discusses China's Party Congress, …

Business

JPMorgan Chase's Full-Year Outlook Looks Promising

The bank laid out four metrics that, with one exception, are heading in the right direction.<p>When <b>JPMorgan Chase</b> (NYSE:JPM) reported third-quarter …

Investing

Earnings Update On Four Financial Stocks

Although investors showed varying levels of enthusiasm for the beginning of Q3 earnings season in the financial space, we saw the overall results from JPMorgan Chase, Bank of America and PNC Financial Services Group as positive, while Wells Fargo continued to suffer from increased legal costs and …

Stocks

Seen: Denver Scholarship Foundation gala

In 10 short years, the Denver Scholarship Foundation has grown from what departing chief executive officer Nate Easley describes as “an audacious …

Denver

AI insights, board progress and the dearth of male allies

Personalized experiences are becoming more prevalent in banking with digital assistants and apps, thanks to AI. Getting more women on boards is part …

Banking

This is why JPMorgan Chase is buying payments startup WePay

A merchant’s primary financial relationship used to be with its bank. But payments companies have now snagged that prized position, thanks to their central role in online transactions and modern point-of-sale solutions. Increasingly, merchants view their payments relationship–more than their bank …

Banking

Google, Citi And Goldman Sachs Among Blockchain's Biggest Investors

The buzz around blockchain technology is all about its potential to disrupt the status quo. But the truth is Silicon Valley and traditional finance …

Bitcoin

Was Wells Fargo’s Negative Loan Growth Last Quarter the Canary in the Coal Mine?

One of the most concerning trends over the past year involves the trend in loan growth at banks, which seems to be decelerating. You can see this in the results of the large banks that have reported third-quarter earnings thus far, with <b>Wells Fargo</b> (NYSE: WFC) serving as an especially notable …

Stocks

JPMorgan Chase acquires WePay

<i>This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.</i><p>JPMorgan Chase has agreed to acquire payment company WePay, marking the firm's first major acquisition of a fintech company, according to The Wall Street Journal.<p>Chase plans …

FinTech

Is Your Workplace Doing Enough to Accommodate Disabled Employees?

Caption<p><b>Source</b>Shutterstock<p>Why you should care<p>Because we want to hear from you.<p>The Daily Dose<p>OZY has come together with JPMorgan Chase to bring you a …

Culture