JPMorgan Chase asked its employees who are on hybrid work schedules to return to the office five days a week starting in March, an internal memo seen by Reuters on Friday showed. Financial companies have been aggressive in enforcing return-to-office demands, with many staff being called back as early as 2021.
Jamie Dimon's "hit by the bus" heir, Daniel Pinto, is retiring. The incoming chief operating officer, Jennifer Piepszak, doesn't want the CEO role.
JPMorgan Chase reported fourth-quarter earnings before the opening bell Wednesday. Here's what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Earnings: $4.
Morgan Stanley raised the firm’s price target on JPMorgan (JPM) to $273 from $265 and keeps an Equal Weight rating on the shares. Q4 EPS beat
Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.
The policy brings JPMorgan Chase in line with other major financial institutions, such as Goldman Sachs and Morgan Stanley, which have also mandated employees return to the office. In contrast, competitors like Bank of America and Comerica continue to offer hybrid work schedules.
There’s a lesson here for long-term leaders: When the time comes, let go. James Gorman at Morgan Stanley has definitely learned it; Jamie Dimon and the board of JPMorgan Chase & Co. should reflect on it over the next couple of years.
The bank’s departure from the Net Zero Banking Alliance follows the exits of five other major U.S. banks from the climate coalition in the past month.
Better bank earnings and inflation readings sent bond and stock prices higher. Earnings and politics will likely have the most significant impact on markets this week.
JPMorgan Chase stands head-and-shoulders above the rest of this group of largest U.S. banks by ROAA, while Morgan Stanley runs a pretty close second when its performance is measured by ROTCE. And with such a large balance sheet, it is not a stretch to call JPM the best performer in the U.S. banking industry.