California banks back in the spotlight a year after Silicon Valley Bank collapsed

siliconvalley.com River City Bank likes to boast that it’s a midsized firm that thinks big. The Sacramento, California-based lender has doubled assets to about $5 billion in five years with…

BNY Mellon’s Pershing Is Still Losing Assets. Blame the Regional Bank Crisis

barrons.com First Republic Bank collapsed a year ago, but the fallout is still being felt in the wealth management industry. Case in point: Bank of New York Mellon’s Pershing. Pershing…

First Quarter Bank Earnings Brought The Revival That Wall Street Needed

benzinga.com The first quarter reports officially kicked off with bank earnings, as usual. On Friday, Wells Fargo & Company WFC, JPMorgan Chase & Co JPM and Citigroup Inc C opened the…

A Black Swan In Plain Sight: The 10-Year Treasury Yield To 6%

seekingalpha.com Since late October, large-cap U.S. stocks have seen a furious 25% rally based on the idea that the Fed will soon pivot and dramatically cut interest rates. The move in…

The Carnation Revolution*

marginalrevolution.com The author is Alex Fernandes, and the subtitle is The Day Portugal’s Dictatorship Fell. A very good and well-written book, here is one short excerpt: The First Republic is…

JPMorgan Chase Stock: Here We Go Again (NYSE:JPM)

seekingalpha.com JPMorgan Chase & Co. (NYSE:JPM) had a stock price reaction that one would not normally expect for such a good earnings report. Then again, Mr. Market has been in a sour mood…

Jamie Dimon says chance of a bad economy is ‘higher than other people think’

aol.com JPMorgan Chase, the largest bank in the United States, kicked off earnings season Friday with a beat, but also a warning. The bank’s first-quarter revenue increased by 9%…

JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show

marketbeat.com JPMorgan Chase & Company’s NYSE: JPM firmwide metrics are good, but details within the consumer business show the impact of tighter credit, pinched wallets, and the first…

JPMorgan beats on earnings as CEO Jamie Dimon rings the alarm on global trouble

aol.com None JPMorgan reported first-quarter earnings on Friday that were ahead of Wall Street's expectations. • None The banking giant grew revenue by 9% and net income by 6%. •…

JPMorgan beats in Q1 but shares slide on NII guidance

investing.com JPMorgan Chase & Co (NYSE: ) reported first-quarter earnings that surpassed Wall Street estimates, with a notable beat on both earnings per share (EPS) and revenue. The bank…

JPMorgan Slides After Dimon Warns On Net Interest Income, Outlook Disappoints

zerohedge.com JPMorgan Slides After Dimon Warns On Net Interest Income, Outlook Disappoints Q1 earnings season officially opened moments ago when JPM became the first mega bank to reports…

JPMorgan forecasts lower-than-expected net interest income in 2024

theglobeandmail.com JPMorgan Chase JPM-N on Friday forecast full-year income from interest payments below analysts’ expectations as the industry prepares for widely expected rate cuts by the…

JPMorgan forecasts lower-than-expected NII in 2024

finance.yahoo.com FILE PHOTO: JP Morgan Chase & Co. corporate headquarters in New York (Reuters) -JPMorgan Chase on Friday forecast full-year income from interest payments below analysts'…

JPMorgan Chase Earnings Are Up First for Banks. Rates Cut Both Ways

barrons.com JPMorgan Chase Earnings Are Up First for Banks. Rates Cut Both Ways. Analysts expect Chase to report earnings per share of $4.17 on revenue of $42 billion. (David Paul…

Jamie Dimon Sees 8% Rates and More Takeaways From Investor Letter

barrons.com A year on from the regional banking crisis, the largest U.S. banks are in good shape. Consumer spending is solid in the face of elevated interest rates. The recession that…

How one company made bank off the regional banking crisis

semafor.com The Scoop A year after panic swept through America’s banking system, the big winner is a company you’ve never heard of. IntraFi is a marketplace where banks buy, sell, and…

Peapack-Gladstone, Dime hire away 16 teams from NYCB

finance.yahoo.com New York Community Bank subsidiary Flagstar is losing at least 16 teams of private and commercial bankers to New Jersey-based Peapack-Gladstone and Long Island-based Dime…

Letter to Shareholders from Jamie Dimon, Annual Report 2023

reports.jpmorganchase.com Each year, I try to update you on some of the most important issues facing our company. First and foremost may well be the impact of artificial intelligence (AI). While we…

AI could be as consequential to the economy as electricity, says Jamie Dimon

cnn.com Jamie Dimon believes artificial intelligence will have a huge impact on global business this year. Dimon, one of the world’s most influential business leaders, said in his…

JPMorgan CEO Jamie Dimon compares AI’s potential impact to electricity and the steam engine

fortune.com JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said artificial intelligence may be the biggest issue his bank is grappling with, likened its potential impact to…

Banks are building more branches for the first time in a decade

aol.com US banks added more net new branches in 2023 for the first time in a decade. That bet on new brick-and-mortar locations isn't letting up so far in 2024. Last year banks…