Yahoo on Friday announced the strategic alternative to sell its core business. Following the announcement, the company's shares climbed.
Tags: JPMorgan
JPMorgan Chase Gives Gloomy Outlook, Says 99% of Americans Will Be Worse off Financially in 2024 Than Pre-Pandemic
JPMorgan Chase claims that 99% of Americans have already exhausted the excess savings they accumulated during the COVID-19 pandemic.
JPMorgan Chase Is Ready to Leave China if Ordered by US Government, Bank CEO Jamie Dimon Says
JPMorgan Chase CEO Jamie Dimon said Wednesday that the bank would leave China if directed by the US government.
Bank Stocks Has Reached $159 Million After Trump's Victory
Jamie Dimon has been the talk of the town as reports on Thursday showed that he is likely to be Secretary of the Treasury in the administration of the recently-elected Republican Donald Trump. But even after the 2016 US Presidential election concludes, the CEO of JPMorgan as well as his peers from Wall Street already sees a huge development in the stock market.
Investment Banking Fees fall 29% in Q1
Fees in investment banking sector across the world declined 29% during the first three-month period of 2016 as uncertainty in the global market halted deal proposing activities and other investment events.
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State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.
Goldman Sachs is racing ahead of its rivals in the global investment banking segment by revenues and fees in mergers and acquisitions (M&As) activity. Goldman Sachs' performance in 2015 so far exceeded while its competitors are not even close to it. With a market share of 12.3 percent, Goldman Sachs recorded $2billion revenues till date, while JPMorgan and Morgan Stanley are left with less than nine percent market share in the M&A space. The mergers and acquisitions activity this year so far was a robust period for Goldman Sachs.
JPMorgan (JPM.N) has hired Arkadi Nachimowski from Deutsche Bank (DBKGn.DE) to head its chemicals team in Europe, the Middle East and Africa (EMEA), according to a memo seen by Reuters on Wednesday.
U.S. home resales surged to their highest level in 18 months in March as more homes came on the market, a sign of strength in housing ahead of the spring selling season.
JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 12.2 percent rise in quarterly profit as revenue from fixed-income trading rebounded.
A forecast model from the Federal Reserve of Atlanta on Wednesday suggested the U.S. economy is barely growing in the first quarter following an unexpectedly steep 1.4 percent drop in durable goods orders in February.
Web hosting company GoDaddy Inc's initial public offering is expected to value the company at up to $2.87 billion and comes at a time when there has been a steep fall in the number of companies going public in the United States.
Standard Chartered (STAN.L) said former JPMorgan (JPM.N) investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems.
Petróleo Brasileiro SA (PETR4.SA) has hired JPMorgan Chase & Co to handle $3 billion in planned asset sales this year, as fallout from a corruption scandal has shut access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday.
