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JPMorgan

Ukraine peace deal to give modest lift to currencies, predicts JPMorgan

JPMorgan added that it was keeping a neutral or "market weight" stance on Ukraine's government bonds until there was more clarity on the details of a peace deal

Updated On: 20 Feb 2025 | 12:04 AM IST

Gold rush: Why JPMorgan, HSBC are pulling bullion from Bank of England

Donald Trump's tariff threats spark huge gold rush from London to New York as prices surge 11% in the US

Updated On: 17 Feb 2025 | 11:41 AM IST

'No chance for remote flexibility': JPMorgan CEO junks hybrid work requests

JPMorgan's leadership is pushing for increased efficiency, with Jamie Dimon instructing departments to achieve 10% productivity improvements

Updated On: 13 Feb 2025 | 4:50 PM IST

JPMorgan Chase begins one of several planned layoffs for 2025: Report

The layoffs are a part of the "regular management of the business", a spokesperson said, adding that the bank still has 14,000 open positions

Updated On: 12 Feb 2025 | 11:42 PM IST

Analysts eye up to 53% upside in Vedanta share after Q3; CLSA ups target

The main drivers for Vedanta's positive outlook cited by analysts include strong performance in the aluminium, zinc, and oil segments, cost management efforts, and the ongoing capex plans

Updated On: 01 Feb 2025 | 9:02 AM IST

JPMorgan's Sippel departs for Rokos; Pranav Thakur named markets chief

At JPMorgan, Thakur will take on his expanded role immediately, according to the bank's memo from commercial and investment bank co-heads Troy Rohrbaugh and Doug Petno

Updated On: 31 Jan 2025 | 11:07 PM IST

JPMorgan names Nitin Maheshwari, Ravi Shankar as co-heads of India bank

Newly-appointed co-heads of investment banking for India will report to Paul Uren, head of investment banking for Asia Pacific, and to Kaustubh Kulkarni, senior country officer for JPMorgan in India

Updated On: 27 Jan 2025 | 2:22 PM IST

Apple may replace Goldman with Barclays, Synchrony for credit card deal

Negotiations between Apple and Barclays have been ongoing for several months, but it may still take months to strike a deal

Updated On: 16 Jan 2025 | 9:29 AM IST

JPMorgan maintains 'Underweight' rating on Adani Wilmar; share tanks 8%

The sharp decline was triggered by reports revealing that JPMorgan, the New York-based financial giant, maintained its 'Underweight' rating on the stock for a target price of Rs 320

Updated On: 31 Dec 2024 | 10:01 AM IST

Abbott India share rises 3% as JPMorgan ups target to Rs 31,500; details

The surge in Abbott India share price followed reports that JPMorgan, a New York-based financial services firm, raised its target price to Rs 31,500, up from Rs 30,000, signaling an upside of 12%

Updated On: 19 Dec 2024 | 1:50 PM IST

StanChart names ex-JPMorgan chief PD Singh as India, South Asia CEO nominee

If approved, P D Singh will succeed Zarin Daruwala, who is set to retire on April 1, 2025, after nearly a decade in the role

Updated On: 10 Dec 2024 | 3:37 PM IST

JP Morgan gives 'overweight' rating to 4 Adani bonds on growth capability

US investment banker JP Morgan has given 'overweight' rating on four Adani group bonds, comforted by ability to scale and grow using internal cash flows which reduces the scope for credit stress. In a report, JP Morgan gave 'overweight' rating on three bond issues of Adani Ports & SEZ and one by Adani Electricity Mumbai Ltd (a subsidiary of Adani Energy Solutions Ltd). It has taken neutral stand on other five Adani bonds and is underweight on one bond issued by Adani Green Energy Ltd. JP Morgan gives three kinds of ratings for bonds - 'Overweight' rating which falls into a buy rating category; Neutral rating which falls into a hold rating category; and 'Underweight' which rating falls into a sell rating category. Under the risks section, it said that Adani bonds could do well than anticipated if there is a quick resolution of the US SEC and Department of Justice indictments of founder chairman Gautam Adani and key aides on bribery charges, successful refinancing of the upcoming ...

Updated On: 06 Dec 2024 | 2:13 PM IST

MAS fines JPMorgan $1.8 mn over misconduct by relationship managers

MAS said in a statement that JPMorgan Chase did not have adequate processes and controls to ensure that relationship managers adhered to pre-agreed spreads with clients

Updated On: 02 Dec 2024 | 10:01 AM IST

Work 3.5 days a week? JPMorgan CEO says AI will make it a reality

JPMorgan CEO Jamie Dimon sees AI reshaping work-life balance, cutting workweeks to 3.5 days

Updated On: 26 Nov 2024 | 2:28 PM IST

Reliance's refining margins recover but retail remains uncertain: JPMorgan

One of the two drivers of Reliance Industries Ltd's recent underperformance - weak refining margin - has reversed but the other, poor-retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report. Reliance stock is down 22 per cent from its peak on July 8 (NIFTY down 3.3 per cent), sharply reversing outperformance from earlier in the year. In a market where most stocks are trading well above historical valuations, Reliance's fair relative valuations are an attraction. The company helmed by billionaire Mukesh Ambani has three main business verticals - oil refining and petrochemical business housed in oil-to-chemical (O2C) unit, telecom arm Jio and retail. It also has a media unit and a new energy business. Reliance Retail plus Telecom now account for about 50 per cent of total 2023-24 (FY24) consolidated EBITDA. These, JP Morgan estimates, will account for almost all of net EBITDA growth over the next three years. With an EBITDA run-rate of USD 20 billion

Updated On: 24 Nov 2024 | 1:03 PM IST

JPMorgan sets up unit in GIFT city to develop derivative products

The US bank will pitch the products to clients in Asia-Pacific and Europe, in addition to providing support for the offerings developed from the Gujarat International Finance Tec-City, or GIFT City

Updated On: 14 Nov 2024 | 11:25 PM IST

Campus hiring soars as GCCs seek freshers skilled in data science and AI

Companies like Wells Fargo, JPMorgan Chase, Novartis, Epsilon, and EQ India are actively hiring from engineering colleges, business schools, and general degree institutions in India

Updated On: 09 Nov 2024 | 5:05 PM IST

Fed Reserve's rate cut won't be 'earth-shattering', says JPMorgan's Dimon

Fed officials are expected to lower interest rates this week for the first time in more than four years

Updated On: 18 Sep 2024 | 8:59 AM IST

JPMorgan in talks with Apple over Goldman credit card partnership: Report

JPMorgan-Apple talks started earlier this year, advanced recently

Updated On: 18 Sep 2024 | 12:00 AM IST

JPMorgan to cap junior banker hours, BofA monitors workload amid complaints

JPMorgan Chase & Co. will limit junior banker hours to 80 per week in most cases, according to a person with knowledge of the matter

Updated On: 12 Sep 2024 | 11:05 AM IST