Research archive for JPM

JP Morgan announced that it will be acquiring ESG investing platform OpenInvest as it ventures into the sustainable investing market. This is Jamie Dimon's third fintech acquisition over the past seven months. The terms of this deal were not disclosed.

JP Morgan announced that it was buying digital wealth manager Nutmeg Savings & Investments as it tries to establish a presence in the UK. The name Nutmeg was chosen because the spice, like wealth and investment services, was once rare and costly but today is affordable and widely available.

JP Morgan is a stock that we own for about 160 clients in New York portfolios. For the record, we have about 700 clients there, in total.

On Friday JP Morgan kicked off earnings season for Vestact holdings with their 4th quarter 2020 numbers. As expected the numbers were good after the previous quarters included provisions for potential Covid related defaults. Actual defaults were much lower than the provisioned value. Rather safe than sorry I suppose.

JP Morgan reported their latest quarter's results. The numbers beat expectations both for revenues and profits. Profits were around $360 million higher than analysts were expecting. Driving their strong results was their advisory business and the trading desk. During these volatile times, the trading business just prints money as clients rush into the market and other clients rush out.

JPMorgan has officially kicked off the second-quarter earnings season with mixed numbers. The biggest US bank by assets produced better than expected results, but set aside a further $10.47 billion (taking the total to $34.3 billion as of the end of June) to cover what is to come in potential loan losses.

The global Covid-19 economic debacle is taking its toll on our portfolio companies, and today I will consider US banking giant JP Morgan. The company put out an earnings report yesterday for the first quarter of the year, up to March 31, so we have some fresh data to consider.

Jamie Dimon, the charismatic CEO of our favoured banking stock, JP Morgan, had emergency heart surgery last week after suffering an acute aortic dissection. According to Google this occurs when there is a weakened area in the aortic wall.

Yesterday JP Morgan kicked off the latest earnings season. So how good were their results? Well, they posted the best year for any US bank in history. Boom! Profits were 21% higher, coming in at $36.4 billion. Those sort of numbers are still hard to wrap my head around. Thanks to having a great 2019, the share price has increased by 38% over the past 12 months. Having a volatile market, which we have had thanks to geopolitics, means their trading division prints money. In 2019 trading saw an increase of 56% in revenues.

Yesterday JP Morgan released results that beat expectations. The stock went up 2% immediately in the futures market before the open, and closed the day higher by 3%. Earnings came in at $2.68 versus consensus of $2.50. Revenues of $29.3bn also beat expectations. Net income for the period was $9bn. Wow these banks are big. Here are some of the divisional highlights.

The JP Morgan results out yesterday morning were very interesting, and have me scratching my head: the bank is in very good health, but the share price won't seem to go up. In the environment which we find ourselves of low interest rates and tepid economic growth, they are battling a little to sustain top line (revenue) growth and maintain net interest margins.

JPMorgan kicked off the 2019 earnings season with better-than-expected numbers, thanks in part to higher interest rates late last year.

Financial services are a big part of the modern economy, but are banks a good investment? They're certainly profitable, and these days very unlikely to fail, but mostly unloved. What this means is that they churn out cash, but their share prices trade at modest multiples of current earnings.

On Tuesday before the US market opened, JP Morgan released their Q4 and Full-Year (FY) results. Due to lower trading volumes in this quarter, the company missed analyst expectations for both revenue and net income. Going into the results knowing that the company had 'disappointed', I was expecting to read weak numbers. What I found was the total opposite.

Vestact steered its clients towards buying JP Morgan shares in November 2017. Broadly speaking, we believe that large US banks are set to benefit from stronger economic growth, rising interest rates, increased efficiency, less paperwork, lighter regulations, fewer branches, better use of technology and thus fatter margins. JP Morgan is the biggest and best US bank.