Tag Archives: JPM

$JPM,JP Morgan Chase & Co.

Bank of America’s Performance amid Volatile Trump Trade Policies

This post was originally published on this site

BAC is expected to post EPS of $0.47 in 2Q17, reflecting a growth of 14.6% on a YoY basis.

 





style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">






style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">


A JPMorgan Flub Adds to Pain of Scandal-Ridden JBS’s Creditors

This post was originally published on this site

Bondholders of Brazilian meat processor JBS SA may have thought the largest corruption case in modern history was more than enough to deal with. Then came the JPMorgan Chase & Co. note.

 





style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">






style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">


Mark Okada Remains Long-Term Bullish on Trump Plans

This post was originally published on this site

May.25 — Mark Okada, chief investment officer and co-founder at Highland Capital, and Jason Hunter, executive director of global fixed income and equity technical strategy at JPMorgan, discuss the state of the Trump reflation trade. They speak on “Bloomberg Daybreak: Americas.”

 





style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">






style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">


JPM's Kemery Has Concerns About OPEC Exit Strategy

This post was originally published on this site

May.25 — Ebele Kemery, head of energy investing at JPMorgan, and Bloomberg’s David Wethe, discuss a reported extension of OPEC production cuts and what their lack of an exit strategy means to markets. They speak on “Bloomberg Daybreak: Americas.”

 





style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">






style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">


Viacom’s Nonsports Skinny Bundle Might Actually Be Profitable

This post was originally published on this site

The company is spearheading an effort to create a skinny bundle without sports or news that consumers could access as a standalone digital service or through their cable TV provider.

 





style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">






style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">


Santos Says Brazil Market Wants Political Certainty

This post was originally published on this site

May.25 — In today’s “Single Best Chart,” Bloomberg’s Tom Keene and Francine Lacqua display the trade of the Brazilian real against the U.S. dollar going back to 1996. They speak with Gabriela Santos, global market strategist at JPMorgan Asset Management, on “Bloomberg Surveillance.”

 





style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">






style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">


Citi narrowly tops annual FX traders ranking

This post was originally published on this site

(Repeats Wednesday’s story without changes)

By Patrick Graham

Reuters) - U.S. bank Citi held on to top spot in the foreign exchange industry’s main annual ranking of traders by volume on Wednesday despite losing around 2 percent in market share, results showed." data-reactid="13">LONDON, May 24 (Reuters) – U.S. bank Citi held on to top spot in the foreign exchange industry’s main annual ranking of traders by volume on Wednesday despite losing around 2 percent in market share, results showed.

The survey by financial publishers Euromoney showed overall market share among the top five banks in the $5 trillion a day market falling to 41 percent from just under 45 percent a year ago.

JP Morgan was again placed second in overall market share, followed by Swiss bank UBS in third. Deutsche Bank fell again, to fifth, while Bank of America Merrill Lynch climbed to fourth.

Euromoney’s annual poll, watched closely by participants in the world’s biggest financial market, has traditionally been dominated by the big banks. In 2009 the top five banks commanded a 61.5 percent share and the top 10 close to 80 percent.

While the top ten players in Wednesday’s survey were again all lenders – displacing non-bank liquidity provider XTX Markets – the spread of market share was far more even than in previous years.

Citi’s share fell from 12.93 percent a year ago to 10.74 percent while Deutsche’s fell sharply for a second year – to 5.68 percent from 7.88 percent.

Euromoney said there were now seven non-bank providers in the top 50. (Reporting by Patrick Graham; Editing by Hugh Lawson and John Stonestreet)

 





style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">






style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">


Chase Announces Continued Hyatt Co-Brand Card Program

This post was originally published on this site

WILMINGTON, Del.–(BUSINESS WIRE)–

Today, Chase Card Services, the leading co-brand credit card issuer in the United States, announced that an affiliate of Hyatt Hotels Corporation signed a multi-year extension to the co-branded Hyatt Credit Card program. Additionally, Hyatt’s leading loyalty program, World of Hyatt, will continue as a point transfer partner through Chase Ultimate Rewards®. The agreement reinforces the near decade-long relationship between Hyatt and Chase, providing exclusive benefits and rewards for cardmembers.

“We’re so proud of what Chase and Hyatt have built together these past eight years and are excited to explore new ways to bring extra value to our Cardmembers,” said Leslie Gillin, President of Co-Brand Cards at Chase.

The Hyatt Credit Card delivers a valuable portfolio of rewards and first-class travel perks ranging from free nights to automatic tier status in the World of Hyatt loyalty program to World of Hyatt Bonus Points for purchases on the card – up to three Bonus Points per $1 spent at all Hyatt hotels and resorts. All of this comes with no foreign transaction fees.

“We are very pleased to extend our collaboration with Chase, continuing to deliver exclusive value through World of Hyatt and creating new, meaningful travel experiences for our mutual customers,” said Maryam Banikarim, Global Chief Marketing Officer at Hyatt. “We’ll continue working with Chase to find new ways to enhance the card and its many benefits for our community of members.”

World of Hyatt will continue as a point transfer partner through Chase’s premier rewards program, which allows for Ultimate Rewards points to be transferred at full 1:1 value. This means one Chase Ultimate Rewards point is equal to one World of Hyatt point. Eligible Chase credit cardholders can redeem points for stays at more than 700 Hyatt properties in 56 countries worldwide.

“Continuing to bring together the flexibility, value and choice of Ultimate Rewards with the expansive network of Hyatt properties provides great value to our shared customers and allows travelers to make the most of their earned rewards,” said Lorraine Hansen, Head of Ultimate Rewards and Loyalty Solutions at Chase.

Learn more about the Hyatt Credit Card and its benefits at https://creditcards.chase.com/credit-cards/hyatt.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (JPM), a leading global financial services firm with assets of $2.5 trillion and operations worldwide. Chase serves nearly half of America’s households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: 5,200 branches, 16,000 ATMs, mobile, online and by phone. For more information, go to Chase.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170524005855/en/

 





style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">






style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">


HelloFresh to be ready for autumn flotation – sources

This post was originally published on this site

By Arno Schuetze

Reuters) - German meal kit company HelloFresh is preparing for a stock market flotation, which could come as early as autumn, but will only be launched if the pre-summer listing of peer Delivery Hero proves a success, people close to the matter said." data-reactid="12">FRANKFURT, May 24 (Reuters) – German meal kit company HelloFresh is preparing for a stock market flotation, which could come as early as autumn, but will only be launched if the pre-summer listing of peer Delivery Hero proves a success, people close to the matter said.

Rocket Internet, the ecommerce investor which launched Hello Fresh in 2011, has picked a new set of so-called global coordinators for the flotation, comprising Morgan Stanley , JP Morgan and Deutsche Bank.

Berlin-based Rocket has built up dozens of businesses from fashion ecommerce to food delivery, but investors have become concerned about heavy losses and falling valuations for its key start-ups as well as a paucity of listings.

Rocket had early success with online fashion firm Zalando , which listed in 2014 and has performed well since. But the investor pulled a flotation of HelloFresh in 2015 and has not brought any other companies to market yet.

HelloFresh, which delivers meal ingredients and recipes in seven European countries as well as the United States, Canada and Australia, was valued at valued at 2 billion euros ($2.2 billion) in a funding round in December.

On Tuesday, Reuters reported that Delivery Hero – Rocket’s biggest holding – is set to float before the summer break in a deal valuing one of Europe’s biggest start-ups at up to 4 billion euros.

Rocket, which is due to report first-quarter financial results on May 31, owns 53 percent of HelloFresh, with other investors including British investment manager Baillie Gifford and Qatar’s sovereign wealth fund holding the rest.

HelloFresh’s revenue almost doubled to 597 million euros in 2016 as it expanded rapidly in North America, while losses before interest, tax, depreciation and amortisation narrowed to 83 million euros from 86 million in 2015.

HelloFresh, which delivered 91 million servings in 2016 and saw its number of active subscribers rise 38 percent to 857,000, is keen to make its service ever more personalised and add more options for delivery, like wine and desserts.

IPOs)." data-reactid="21">U.S. peers Blue Apron and Sun Basket are also preparing initial public offerings (IPOs).

Separately, Rocket-backed Global Fashion Group said on Wednesday it had agreed with partner Emaar to jointly develop Namshi until a possible IPO or a full takeover.

Rocket Internet and the banks declined to comment.

($1 = 0.8933 euros) (Additional reporting by Emma Thomasson; Editing by Maria Sheahan)

 





style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">






style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">


How The Fed Could Spook Markets, Bank Stocks Today

This post was originally published on this site

The Federal Reserve releases May meeting minutes Wednesday. The central bank could signal a move toward paring its huge massive balance sheet. Early hints in the March meeting minutes spooked investors in April.

 





style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">






style="display:inline-block;width:468px;height:60px"

data-ad-client="ca-pub-5421222424027278"

data-ad-slot="2461208333">