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The Latest Breaking News from JPMorgan

JPMorgan's Latest Secret Fintech Business: All You Need To Know

JPMorgan Chase & Co (NYSE:JPM) has quietly hired programmers and created products for new fintech businesses, CNBC reports. The business is known internally as “Project Bloom” because of its goal of helping early-stage private firms grow. Michael Elanjian, head of digital innovation for JPMorgan’s corporate and investment bank, runs Project Bloom. The…

Why This Investor Bought JPMorgan Stock Today

Why This Investor Bought JPMorgan Stock Today

JPMorgan Chase & Co (NYSE: JPM) is down nearly 10% this year and continues to trend lower amid Russia's invasion of Ukraine. Cerity Partners' Jim Lebenthal sees opportunity in JPMorgan shares, suggesting the market may be getting it wrong.

Analysts Continue To See Sharp Upside In Alibaba Post Q3 - Read Why

Analysts Continue To See Sharp Upside In Alibaba Post Q3 - Read Why

Analysts remained optimistic on Alibaba Group Holding Ltd (NYSE:BABA) post Q3 results. JPMorgan analyst Alex Yao noted that Alibaba reported fiscal Q3 results broadly in-line with Bloomberg consensus and his estimates. Yao has an Overweight rating and a $180 price target (65.2% upside) on Alibaba. He believes a weak December quarter result was "largely expected by…

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Dow Jones Futures Turn Higher With Putin Open To Ukraine Talks; Russian Invasion Continues

A market rally attempt began Thursday, as Western sanctions vs. Russia's invasion of Ukraine weren't as tough as feared.

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Chart Wars: Will Bank Of America Or JPMorgan Soar Higher On A Break Of This Key Pattern?

Bank of America Corporation (NYSE: BAC) and JP Morgan Chase & Co (NYSE: JPM) opened higher on Wednesday in tandem with the S&P 500, but selling pressure entered just after 9:35 a.m., when Newsweek

Why Palo Alto Networks Shares Are Trading Higher Premarket

Analysts raised their price targets on Palo Alto Networks Inc (NASDAQ:PANW) following Q2 results. JPMorgan analyst Sterling Auty upgraded Palo to Neutral from Underweight with a PT of $620, up from $600 (30.4% upside). Palo Alto is one of the cybersecurity companies well-positioned to compete for the cloud security opportunity, Auty said. The analyst says the…

Read How JPMorgan Views Meta, Apple, Amazon, Netflix

Tech-dominated "growth" stocks are still not cheap despite sharp falls over the last six months, analysts at U.S. investment bank JPMorgan cautioned, Reuters reports. The so-called FAANGs have seen some of their COVID-era surges cut back this year. Meta Platforms Inc (NASDAQ:FB) fell 38%, Apple Inc (NASDAQ:AAPL) was down 5.7%, Amazon.com Inc (NASDAQ: AMZN) down 8.5%, and was Netflix Inc (NASDAQ: NFLX)…

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JPMorgan Sees 57% Upside In Netflix - Read Why

JPMorgan Sees 57% Upside In Netflix - Read Why

JPMorgan analyst Doug Anmuth says Netflix Inc (NASDAQ:NFLX) shares "remain controversial" as the in-line Q4 subscribers and "light" Q1 outlook are driving lower growth expectations and increased questions around subscriber penetration impact of content and competition. However, he believes solid secular growth remains in global streaming and that Netflix's penetration of global broadband…

JPMorgan Analyst Notes China Impact On Apple iPhone Shipments

JPMorgan Analyst Notes China Impact On Apple iPhone Shipments

JPMorgan analyst Samik Chatterjee noted that the China Academy of Information and Communications Technology disclosed that international shipments tracked at 7.3 million for January beat the historical average of 4.8 million shipments for the month and "the highest shipments for the month of January since 2015."

Here's Why Cognex Shares Are Trading Higher Premarket

Here's Why Cognex Shares Are Trading Higher Premarket

JPMorgan analyst Paul Chung upgraded Cognex Corp (NASDAQ:CGNX) to Neutral from Underweight with a price target of $68, down from $80, post the Q4 beat. The price target implies an upside of 10.3%. Cognex's Q4 FY21 revenue of $244.1 million beat the consensus of $222.96 million. EPS of $0.30 beat the consensus of $0.22. Cognex…

JPMorgan Upgrades Werner Enterprises To Neutral, Sees 10% Upside

JPMorgan Upgrades Werner Enterprises To Neutral, Sees 10% Upside

JPMorgan analyst Brian Ossenbeck upgraded Werner Enterprises, Inc. (NASDAQ:WERN) to Neutral from Underweight and raised the price target to $47 (an upside of 10.1%) from $44. Ossenbeck says the company's strategy to replace tractors off-cycle, "aggressive" recruiting of drivers, and significant investment growing the dedicated fleet represents a focus on growth through the cycle. The analyst…

The Metaverse Is a $1 Trillion Annual Revenue Gold Mine

The Metaverse Is a $1 Trillion Annual Revenue Gold Mine

The metaverse 'will likely infiltrate every sector in some way in the coming years,' JPMorgan says.

Metaverse Will Generate Annual Revenues of More Than $1 Trillion

Metaverse Will Generate Annual Revenues of More Than $1 Trillion

The metaverse 'will likely infiltrate every sector in some way in the coming years,' JPMorgan says.

Surprise: A Large Legacy Bank Bursts into the Metaverse

Surprise: A Large Legacy Bank Bursts into the Metaverse

JPMorgan Chase hangs a picture of CEO Jamie Dimon on the wall of its metaverse space Onxy lounge.

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JPMorgan Rolls into The Metaverse, Hangs Dimon's Picture on the Wall

JPMorgan Chase hangs a picture of CEO Jamie Dimon on the wall of its metaverse space Onxy lounge.

JPMorgan Opens A Lounge In Decentraland, Sees $1 Trillion Metaverse Opportunity

Wall Street banking giant JPMorgan Chase & Co. (NYSE: JPM) has become the first major bank to enter the metaverse.

Analysts Cut Weber Price Target Post Q1 Results

Analysts lowered their price targets on Weber Inc (NYSE:WEBR) following its Q1 results. JPMorgan analyst Megan Alexander downgraded Weber to Neutral from Overweight with a price target of $9.50, down from $13, implying an 8% downside. The analyst sees high sales uncertainty ahead with risk in the second half of 2022 on price elasticity and do-it-yourself…

JPMorgan Upgrades Goodyear Tire & Rubber After Q4 Earnings, Stock Pullback

Shares of Goodyear Tire & Rubber Co (NASDAQ: GT) plummeted more than 27% on Friday, after management guided to softer-than-expected performance in 2022, citing inflation. The stock tumbled despite the company reporting “solidly better” results for the fourth quarter, according to JPMorgan.

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JPMorgan Sees Downside In This Food Products Giant - Read Why

JPMorgan analyst Ken Goldman downgraded Kellogg Co (NYSE: K) to Underweight from Neutral with a price target of $57, down from $64, implying a 10.38% downside.

JPMorgan Sees Sharp Upside In Carpenter Technology

JPMorgan analyst Michael Glick upgraded Carpenter Technology Corp (NYSE:CRS) to Overweight from Neutral and raised the price target to $53 (an upside of 59.5%) from $52. Glick mentions that with growing signs of an inflection point in the company's key end market, aerospace, the stock's underperformance since the beginning of 2020 is likely to change in…

JPMorgan Downgrades US Xpress Enterprises To Underweight After Mixed Q4 Results

JPMorgan analyst Brian Ossenbeck downgraded US Xpress Enterprises Inc (NYSE:USX) to Underweight from Neutral without a price target. Ossenbeck mentions that the company's execution continues to trail peers while strategic initiatives add to the near-term headwinds in truckload and brokerage. The analyst says U.S. Xpress's recent setback of the transition to the Variant digital fleet will…

Bitcoin Overdone? JPMorgan Pegs Fair Value at $38,000.

This year 'is likely to be a more challenging and more mean-reverting year for digital assets,' JPMorgan strategists write.

How Much Is Bitcoin's Fair Value? JPMorgan Analyst Weighs In

After a not-so-promising start to the year, Bitcoin (CRYPTO: BTC) prices have taken off since Friday.

JPMorgan Strategist Cembalest Skeptical of Bitcoin

'Bitcoin’s volatility continues to be ridiculously high, and its volatility often rises along with stock market volatility,' a JPMorgan strategist says.

JPMorgan Bumps Up Allegheny Price Target Post Q4 Results

JPMorgan analyst Seth Seifman raised the price target on Allegheny Technologies Inc (NYSE:ATI) to $26 (an upside of 15.7%) from $23 and reiterated an Overweight rating on the shares post the Q4 results. Seifman mentions Allegheny's operational results surprised to the upside, with HPMC margins exceeding pre-COVID levels. Related: Allegheny Stock Surges As Q4 Results Top…

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