JPMorgan Chase is advising embattled First Republic Bank on strategic alternatives, sources told CNBC’s David Faber. The alternatives may include a capital raise, the sources said, which could dilute current shareholders. A sale of the bank is also a possibility. First Republic shares dropped 47% in a volatile session, extending […]
JPMorgan
JPMorgan says investors shouldn’t get too comfortable with the stock market’s impressive start to 2023. “Big picture, we believe that the equity rally that started last October, and that we hoped would be driven by peaking bond yields/CPI, China reopening, and the fall in European gas prices, is unlikely to […]
Don’t let the feel-good vibes that kicked off markets in the fourth quarter lead you astray: The Federal Reserve and other central banks could still screw it all up through aggressive monetary policy. “We are increasingly worried about central banks making a policy error, and of new geopolitical tail risks,” […]
The team at JPMorgan Chase’s asset and wealth management division crunched the numbers on diversity at the end of 2021 and found that portfolio managers who are women and/or people of color manage 60% of the unit’s assets. “That’s a really big number in the asset management industry,” said Mary […]