Search results
Results from the WOW.Com Content Network
The nation's biggest bank, JPMorgan Chase reported a profit of $12.6 billion that was up 52% from the first quarter of 2022. Its revenue of $38.3 billion was up 25% from the year-ago period.
The results from JPMorgan, Wells Fargo, and Citigroup mark the start of earnings season for America's banks as investors watch for signs of how high interest rates are affecting lenders.
Jamie Dimon. James Dimon ( / ˈdaɪmən /; born March 13, 1956) is an American banker and businessman who has been the chairman and chief executive officer (CEO) of JPMorgan Chase since 2006. Dimon began his career as a management consultant at Boston Consulting Group.
The unexpected boost for JPMorgan comes roughly a month after it posted first quarter earnings of $13.4 billion. It earned $50 billion last year, the most ever in the history of US banking.
Jim Cramer. James Joseph Cramer (born February 10, 1955) is an American television personality, author, entertainer, and former hedge fund manager. He is the host of Mad Money on CNBC, and an anchor on Squawk on the Street. After graduating from Harvard College and Harvard Law School, he worked for Goldman Sachs and then became a hedge fund ...
JPMorgan Chase & Co. is an American multinational finance company headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023. [3] [4] As the largest of Big Four banks, the firm is considered systemically important by the Financial ...
JPMorgan Chase kicked off earnings season Friday with a big miss. But that’s because of some strange accounting. The bank’s fourth-quarter profit fell by 15% from the year before, to $9.3 ...
It is also referred to as the 7-day Annualized Yield. [1] The calculation is performed as follows: Take the net interest income earned by the fund over the last 7 days and subtract 7 days of management fees. Divide that dollar amount by the average size of the fund's investments over the same 7 days. Multiply by 365/7 to give the 7-day SEC yield.