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Billionaire Chase Coleman has been investing in the high-flying tech sector for decades. He started working under investing legend Julian Robertson and his fund Tiger Management, making Coleman a so-called Tiger cub as one of the former Tiger Management employees who would go on to launch their own hedge funds.
JPMorgan Chase produced one of the best quarterly results of its peer growth relative to expectations. Underlying conditions are improving, and management meaningfully boosted net interest income guidance for 2025, but regulatory reform could be an even bigger boost to longer-term growth and profitability. JPMorgan has multiple drivers for long-term growth, including organic branch expansion, growth in capital markets, payments, and asset management, and tech-driven share takeaway.
Shares of JPMorgan Chase (JPM -0.07%) are up a fantastic 55% over the past year, strongly outperforming the S&P 500 index's 26% gain. The banking giant has successfully leveraged a resilient economic backdrop into a record year for profitability.
JPMorgan had sued Tesla in 2021, kicking off a drawn-out dispute that was at least in part tied to Musk's infamous 2018 tweet where he said he had "funding secured" to take the EV giant private.
JPMorgan Chase CEO Jamie Dimon on Wednesday called the U.S. stock market inflated and said that he felt more cautious than others in the business world because of the risks from deficit spending, inflation and geopolitical upheaval. Dimon said that he was speaking specifically about the American stock market, which is in the midst of a multi-year bull run.
Banks are kicking off the fourth-quarter 2024 earnings season with a bang, with JPMorgan Chase (JPM 1.92%), Bank of America (BAC -0.24%), Wells Fargo (WFC 1.49%), and Citigroup (C 1.88%) all hovering near 52-week highs.
JPMorgan Chase's Series DD and GG preferred shares are recommended due to better yields and lower call risk compared to Series EE. The bank's Q4 earnings exceeded expectations, with a stable net interest yield and manageable loan to deposit ratio. Risks include credit card loan performance and call risk for preferred shares, but dividends remain secure.
Few investors would argue that JPMorgan Chase (JPM 1.92%) isn't a solid company. After all, there's a reason it's the U.S.'s biggest bank, boasting nearly $3.6 trillion worth of assets.
JPMorgan Chase posted strong Q4 results, with EPS up 58% y/y and IB revenues up 46% y/y, beating analyst estimates. Investment Banking is expected to drive growth in 2025, supported by a favorable deal environment and increased market volatility under Trump 2.0. Concerns about Jamie Dimon's departure are premature; the focus should be on JPM's ambitious European expansion with Chase, which shows promising growth potential.
JPMorgan Chase executives said the bank would increase share buybacks so that a mounting pile of tens of billions of dollars in excess cash doesn't grow further. The biggest American bank by assets has stockpiled earnings in preparation for the Basel 3 regulatory rules that would've required more capital.