Dealmaking rebound helps JPMorgan to bumper profits Banking JPMorgan benefited from a long anticipated recovery in dealmaking to deliver a big increase in profit compared to last year. The Wall Street giant reported net income of $18.1bn in the second quarter, up 25 per cent on the same period last year and ahead of analyst’s expectations. JPMorgan saw revenue rise by 22 per [...]
Wall Street banks JPMorgan and Goldman Sachs set for earnings boost on dealmaking rebound Banking Wall Street lenders are set to post higher investment banking fees for the second quarter of 2024, as early signs of a rebound in dealmaking partly offset weaker growth in lending income.
JPMorgan overtakes Barclays in UK deal fee ranking in blow to investment bank Banking JPMorgan has jumped ahead of Barclays to take the top spot in a UK deal fee league table in a blow to the British lender's investment banking ambitions.
JPMorgan follows Goldman Sachs in scrapping EU bonus cap for London staff June 19, 2024 Wall Street giant JPMorgan Chase has become the latest bank to scrap an EU-imposed cap on its UK staff's bonuses, after rival Goldman Sachs made the same move last month.
JP Morgan: Labour election win would be ‘positive’ for markets June 10, 2024 Wall Street giant JP Morgan is forecasting a "net positive" impact on markets if Labour wins the UK general election on 4 July.
Sunak eyes UK honours for JPMorgan boss Jamie Dimon and ex-Google chair Eric Schmidt June 6, 2024 Rishi Sunak has reportedly put forward long-serving JPMorgan Chase boss Jamie Dimon and ex-Google chair Eric Schmidt for UK honours ahead of the general election on 4 July.
Election 2024: JP Morgan banker standing in Michael Gove’s former seat June 5, 2024 JP Morgan banker and ex-army officer Ed McGuinness has been selected to stand for the Conservatives in Michael Gove’s former seat of Surrey Heath.
Moscow: Court cancels seizure of JP Morgan funds in VTB dispute May 24, 2024 A Russian court has cancelled the seizure of part of JP Morgan's assets in an ongoing dispute with a Russian bank over sanctioned money
Wall Street titan Jamie Dimon eyes stepping away from JP Morgan May 21, 2024 Jamie Dimon, arguably the single most significant figure in global finance, gave his clearest indication yet that he is thinking about stepping down from JP Morgan. Dimon has previously brushed off questions about the remaining length of his tenure by saying he would stay five more years, every year. However yesterday he told a New [...]
JP Morgan in English legal battle with its European joint venture Viva Wallet May 14, 2024 JP Morgan and the majority owner of Greek payments firm Viva Wallet are battling each other at a court this week over the valuation of its joint venture.