Wall Street criticizes: A single post from Trump can cause the US stock market to rise or fall by 5%, making economic data secondary.
Since Trump began his second term, fluctuations in the Stocks market have become a new normal. The President's Social Media presence may have more influence than actual economic data, which is not much different from his first term. Bill Eigen, a portfolio manager at JPMorgan, stated during a Television interview on Friday morning, "We are just a Truth Social post away from a 5% move every day. At this point, the data is almost secondary." He made this remark before the release of the USA non-farm payroll data. For example, last month, during Trump's...
JPMorgan Options Spot-On: On May 2nd, 68,557 Contracts Were Traded, With 814.13K Open Interest
Barclays Maintains JPMorgan(JPM.US) With Buy Rating, Maintains Target Price $330
JPMorganChase Files Form 10-Q for the Quarter Ended March 31, 2025
Express News | Jpmorganchase Files Form 10-Q for the Quarter Ended March 31, 2025
10-Q: Quarterly report
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Greg Guyett, the former head of investment banking at HSBC, has become another executive to leave the bank amid its comprehensive restructuring.
Greg Guyett, the former co-head of the Global Investment Banking division at HSBC Holdings, will leave this United Kingdom bank within a few months, becoming yet another executive to exit after the bank's comprehensive restructuring. A memorandum obtained by Bloomberg indicates that this former JPMorgan banker will leave HSBC at the end of July and subsequently join the European Bank for Reconstruction and Development as the First Vice President and Head of Client Services Group. In another statement, Odile Renaud-Basso, President of the European Bank for Reconstruction and Development, welcomed Guyett's joining, stating that he will bring "rich experience and weight" to this new public sector position.
JPMorgan: The decline of the dollar and U.S. stocks is driven by speculators, not for hedging purposes.
JPMorgan stated that the recent pullback in the USA stock market and the dollar is likely caused by speculative investors, such as hedge funds, taking short positions on both USA stocks and the dollar simultaneously. Strategists, including Nikolaos Panigirtzoglou, wrote in a report that there is little evidence showing that actively managed Overseas stock fund managers have increased their hedging against a weaker dollar. The report mentions signs of a shift from unhedged USA stock exchange-traded funds (ETFs) in regions outside the USA.
Fund Update: STATE OF MICHIGAN RETIREMENT SYSTEM Added 137,400 Shares of JPMORGAN ($JPM) to Their Portfolio
BNY Said to Ask Staff to Return to Office 4 Days a Week, up From 3
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JPMorganChase Advances Innovations in Benefits to Improve Financial Health for Consumers
Express News | Jpmorganchase Advances Innovations in Benefits to Improve Financial Health for Consumers
Alarmist? Trump's second son claims that the traditional banking system is outdated and will disappear within 10 years if it does not change.
Eric Trump, the second son of former USA President Donald Trump and a supporter of Cryptos, warned traditional Banks: either change their Operation methods or face extinction. The executive vice president of the Trump Organization said in an interview in Dubai on Wednesday, "The modern financial system has collapsed, slowly and at a high cost." He also discussed the development of the UAE as a center for Cryptos. He said, "On the blockchain, there is nothing that can perform better than the current Financial Institutions' mode of Operation. SWIFT is an absolute disaster," referring to the international information network for global financial transactions.
J.P. Morgan: Maintains HSBC Holdings 'Shareholding' rating; market expectations may be downgraded in the coming weeks.
JPMorgan released a Research Report stating that HSBC Holdings (00005) has recovered its losses since the announcement of equal tariffs on "Liberation Day", but believes that the downward scenario has yet to be reflected in HSBC's stock price. Therefore, the stock price may fluctuate in the short term. JPMorgan maintains a "Shareholding" rating on HSBC. The report mentions that HSBC Holdings' first-quarter performance exceeded expectations. Among them, revenue surpassed market and JPMorgan expectations by 6% and 8% respectively, primarily due to strong growth in non-interest income driven by wealth management and trade banking; net interest income was roughly in line with expectations; operating expenses were 4% and 3% lower than market and JPMorgan forecasts; and impairment expenses matched market predictions.
J.P. Morgan: Maintains CHOW TAI FOOK "Shareholding" rating, raises Target Price to HKD 11.4.
JPMorgan released a Research Report stating that CHOW TAI FOOK (01929) has a Target Price increased by 35.7%, raised from 8.4 HKD to 11.4 HKD, maintaining a 'Shareholding' rating. The bank has raised its profit forecast for CHOW TAI FOOK for the fiscal years 2025-2027 by 1-5%. The profit forecast for CHOW TAI FOOK for the fiscal years 2026-2027 is 7-9% above market consensus, driven mainly by: 1) The optimization of the store network may continue into the fiscal year 2026, with a slowdown in net store closures in fiscal year 2025; 2) The contribution of fixed-price products continues to increase. CHOW TAI FOOK's performance in the fourth quarter of fiscal year 2025 indicates that retail sales value (RSV)
Overview of international financial hotspots from last night and this morning _ April 30, 2025 _ Financial news.
For more global financial News, please move to the 7×24 hours real-time financial news. Market closing: The Dow Jones and S&P indices have risen for six consecutive days, with the market focusing on trade negotiation progress. On April 29, the top 20 trading volumes in US stocks: Amazon exposed tariff costs and was criticized by the White House. On Tuesday, China Concept Stocks were mixed, with New Oriental up 4.07% and Xpeng Autos down 6.32%. The shadow of the trade war looms, with international oil prices hitting a two-week low. Spot Gold fell over 0.7%, momentarily dropping below $3,300. Major European stock indices closed with gains, with the German DAX30 Index initially rising by 0.76%. Macro Goldman Sachs significantly lowered the GDP growth rate for the USA in the first quarter to -.