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This global megabank should continue to reward shareholders.
JPMorgan has a strong track record of generating a double-digit return on tangible common equity. JPMorgan has significantly outperformed U.S. bank peers since the Fed began raising interest rates in 2022, with the bank seeing above-average NIM expansion in that time. JPMorgan is still over-earning relative to management's long-term ROTCE target, but at ~12.1x current earnings, the stock may have a credible path to reasonable long-term returns.
JPMorgan Chase reports third-quarter earnings before the bell Friday. Wall Street expects the bank to report earnings of $4.01 a share and revenue of $41.63 billion, according to LSEG.
On September 30, 2024, JPMorgan Chase & Co. made a significant addition to its investment portfolio by acquiring 1,887,465 shares of Allegro Microsystems Inc (ALGM, Financial), a prominent player in the semiconductor industry. This transaction, executed at a price of $23.30 per share, increased JPMorgan's total holdings in the company to 11,026,515 shares, marking a substantial investment move.
On September 30, 2024, JPMorgan Chase & Co, a leading global financial services firm, expanded its investment portfolio by acquiring an additional 1,183 shares of Corpay Inc (CPAY, Financial). This transaction increased JPMorgan's total holdings in Corpay to 5,161,138 shares, reflecting a strategic enhancement in their investment landscape.
On September 30, 2024, JPMorgan Chase & Co made a significant addition to its investment portfolio by acquiring 1,333,510 shares of AutoZone Inc (AZO, Financial). This transaction, executed at a price of $3,150.04 per share, represents a notable increase in the firm's holdings in the automotive parts retailer.
On September 30, 2024, JPMorgan Chase & Co. made a significant addition to its investment portfolio by acquiring 652,614 shares of Eagle Materials Inc (EXP, Financial). This transaction increased the firm's total holdings in the company to 1,734,911 shares, marking a notable expansion in its stake.
The aerospace and defense industry has been a sustained beacon of strength in an otherwise volatile market. With geopolitical tensions escalating, including the ongoing Russia-Ukraine war and conflicts in the Middle East, the sector has steadily risen with momentum.
JPMorgan Chase is reportedly testing a credit card product in the United Kingdom. The bank has been working on the product for over a year and senior executives are now testing it within their mobile apps, Bloomberg reported Friday (Sept.
JPMorgan Chase is reportedly in talks with Apple to become the new issuer of the Apple credit card. The discussions have advanced in recent weeks after getting started earlier this year, the Wall Street Journal (WSJ) reported Tuesday (Sept.