Wells Fargo leads gains by big banks amid optimism for debt-ceiling deal
Wells Fargo & Co.’s stock WFC, -2.16% is rallying 5.3% as the biggest gainer among the U.S.’s six largest banks amid optimism in the broad equities market about a debt-ceiling agreement in Congress. It’s on pace for largest percent increase since July 15,…
Wells Fargo agrees to pay shareholders $1 billion to settle lawsuit
Wells Fargo has agreed to pay $1 billion to settle a class-action lawsuit from investors who claimed the bank hadn’t been honest about its progress in cleaning up its practices following a scandal involving opening fake accounts. If approved by the…
NCP signs an agreement with ICBC increasing its access to Chinese companies
The National Center for Privatization & PPP (NCP) signed a cooperation agreement with ICBC, the largest bank in the world in terms of total assets of about 5 trillion USD with more than 8 million corporate clients and 650 million retail…
Bank of America Awards $3 Million to Obama Foundation to Support Workforce Development Opportunities and Accelerate Positive Change in Chicago Communities
Bank of America today announced it has awarded a $3 million grant to the Obama Foundation to support its workforce development and community support initiatives, both of which are tied closely to the forthcoming Obama Presidential Center on Chicago’s South…
Bank of America Announces Accelerator Program that Provides Economic Opportunities to Entrepreneurs from Underrepresented Communities
Bank of America is pleased to officially launch its impact accelerator program named Bank of America Breakthrough Lab with the call for applications for the September 2023 cohort. The six-month program provides tailored mentorship, digital expertise, networking with industry experts…
BofA Securities maintains JPMorgan at ‘buy’ with a price target of $158.00
An analyst from BofA Securities maintained JPMorgan (NYSE: JPM) at ‘buy’ with a price target of $158.00. Prior to this rating, JPMorgan had 18 buy ratings, 8 hold ratings, and 0 sell ratings. For consensus analyst estimates and price targets on…
Warren Buffett and J.P. Morgan Have One Thing in Common: They Both Like These 2 Stocks
When the legendary investor Warren Buffett makes a move, Wall Street pays attention. Known as the ‘Oracle of Omaha’ and the mastermind behind Berkshire Hathaway, Buffett has amassed a fortune of over $100 billion throughout his career. Buffett’s preferred investing style has…
JPMorgan Chase Declares Common Stock Dividend
The Board of Directors of JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) declared a quarterly dividend of $1.00 per share on the outstanding shares of the common stock of JPMorgan Chase. The dividend is payable on…
JP Morgan newcastlemax suffers hull damage in grounding off Brazil
A JP Morgan-owned bulker has suffered hull damage after grounding off Brazil. The 208,000-dwt True Conrad (built 2017) got stuck in Ilha Grande Bay on 10 May, Super Radio Tupi reported, citing the state institute for the environment, Inea. Cursed…
Jefferies maintains JPMorgan at ‘hold’ with a price target of $149.00
An analyst from Jefferies maintained JPMorgan (NYSE: JPM) at ‘hold’ with a price target of $149.00 from a prior price target of %currency%%price%. Prior to this rating, JPMorgan had 18 buy ratings, 8 hold ratings, and 0 sell rating JPMorgan’s stock…
Macau GGR at US$991mln in first half of May: JP Morgan
Macau’s casino gross gaming revenue (GGR) stood at MOP8.0 billion (US$990.9 million) in the first 14 days of May, estimated JP Morgan Securities (Asia Pacific) Ltd, citing its own checks. That would imply a daily run-rate of MOP570 million, stated…
Simon Property Group Inc. stock falls Tuesday, underperforms market
Shares of Simon Property Group Inc. SPG, -2.99% slid 2.99% to $103.73 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.64% falling 0.64% to 4,109.90 and Dow Jones Industrial Average DJIA, -1.01% falling 1.01% to 33,012.14.…