"If you get to 700, 750, we'll cut your mortgage costs a little bit": JPMorgan is working on a way to reward you to improve your credit score, and it may be the future of consumer finance

JPMorgan CEO Jamie Dimon said the bank is considering ways to reward customers for boosting their credit scores, such as offering rewards points or reducing the rate on their loan, according to an interview he gave to Business Insider. The ideas are part of a larger effort at the firm’s consumer bank to help consumers improve their financial health. In […]

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JPMorgan's Hot Stock May Drop 7%

(Note: The author of this fundamental analysis is a financial writer and portfolio manager.) JPMorgan Chase & Co’s (JPM) stock has rebounded by more than 10% since hitting a low of almost $102 in early July to its current price of almost $114.50. Investors rewarded the stock after the company reported strong second-quarter results, sending shares higher. But the excitement appears […]

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JPMorgan and Goldman Sachs go head-to-head for talent as Wall Street competes for private equity dollars

REUTERS/Lucas Jackson JPMorgan promoted a banker to regional head of the financial sponsors M&A group, in a move that ended his talks for a role at Goldman Sachs. JPMorgan is competing fiercely with Goldman to win business advising the portfolio companies of private equity firms with their M&A strategies. Banks are expecting a wave of deals from private equity firms […]

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JPMorgan extends Sapphire card brand to checking accounts

NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) is extending its Sapphire credit card brand into checking accounts at the largest U.S. bank to attract increasingly wealthy millennials as lifetime customers, it said on Wednesday. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike […]

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JPMorgan to offer free online stock trading service

Will the bull market continue its run? CapitalistPig.com’s Jonathan Hoenig on the historic bull market. JPMorgan Chase, the biggest U.S. bank, is launching a new retail investing service that will offer free trades to customers, as pressure mounts on Wall Street to lower trading fees. Continue Reading Below The service, called You Invest, will offer about 47 million customers at […]

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JPMorgan is quietly building what it calls a 'next-generation prediction platform' and it's betting eventually the whole world will use it

JPMorgan CEO Jamie Dimon. Thomson Reuters JPMorgan’s investment bank is quietly working on a new platform that would use crowdsourcing to accumulate massive amounts of data and help its clients make better business decisions. The platform, called Roar by JPMorgan, would allow clients to exchange and safely store sensitive data, such as hospital records or satellite imagery, that’s not in […]

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Jamie Dimon cautions the 10-year Treasury yield could hit 5%: 'It's a higher probability than most people think'

“I think rates should be 4 percent today,” Dimon reportedly said. “You better be prepared to deal with rates 5 percent or higher.” The rate on the closely followed 10-year note remains below even the 3-percent level despite Dimon’s expectations. J.P. Morgan Chase chief Jamie Dimon reportedly said Saturday that people should prepare for U.S. yields of 5 percent, warning […]

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A top JPMorgan strategist shares the one word investors need to know to get ahead in the 'extreme' market

JPMorgan’s Karen Ward. JPMorgan Asset Management JPMorgan Asset Management’s chief European strategist Karen Ward tells Business Insider that the “extremely binary” nature of markets right now makes portfolio management “tricky.” In particular, Trump’s unpredictable trade war makes asset management difficult. Ward recommends clients look to more fixed income heavy portfolios as a hedge against these risks. She also says that […]

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Fed Set to Hold Interest Rates Steady, Remains on Track for More Hikes

The Federal Reserve is expected to keep interest rates unchanged on Wednesday but solid economic growth combined with rising inflation are likely keep it on track for another two hikes this year even as President Donald Trump has ramped up criticism of its push to raise rates. The U.S. central bank so far this year has increased borrowing costs in […]

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GE Beats on EPS but Trims Cash Flow Target; Shares Fall

General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its full-year outlook and sending shares sharply lower. The 126-year-old industrial conglomerate, whose power and financial-services units are struggling, said it expects to generate perhaps $1 billion less free cash flow than expected this year. The forecast cast doubt on […]

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