JPMorgan

Markets

Marvell Joins S&P as Volatility Slams Chip Sector

Photo via JOHN ANGELILLO/UPI/Newscom

There’s been a bit of a vibe shift since Nvidia CEO Jensen Huang tabbed Marvell as “next trillion-dollar company” just a week ago.

1 min read

Photo by Robb Miller via Unsplash

Banking

Anthropic Raises Stakes in Wall Street’s IPO Gold Rush

In March, The Information reported that bankers involved in taking the company public expect it to raise a monstrous $60 billion in its IPO.

2 min read
Photo via JOE MARINO/UPI/Newscom

Industrials

SpaceX IPO Sets Stage for Clash of Wall Street Titans over Mega-Cap Debuts

There are a whopping 23 banks named on the cover of the SpaceX prospectus, with Goldman Sachs holding the lead-left spot.

2 min read
Photo via Citigroup

Advisor Upside

Citi to Hire 400 as Road to Recovery Continues

The goal is less about attracting new clients and more about catering to existing ones, according to Citi head of wealth Andy Sieg.

2 min read

ETF Upside

Got Cash? Short-Term Bond ETFs Can Fix That

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Yields on short-duration bond funds are outperforming money markets. Investors are taking note.

2 min read

Photo via Rubaitul Azad

Finance

New York Accuses Bank-Backed Zelle of $1 Billion Security Bungle

Zelle was launched in 2017 as an alternative to peer-to-peer payment platforms like PayPal and its subsidiary Venmo.

2 min read
Photo via imageBROKER/rafapress/Newscom

Banking

Goldman’s ‘Midas Touch’ During Turbulent Quarter Delivers Record Trading Results

Goldman’s top line metrics — profit up 22% to $3.7 billion and total revenues up 15% to $14.6 billion — also bested analysts’ expectations.

2 min read
Photo via Rafael Henrique/ZUMAPRESS/Newscom

Advisor Upside

Vanguard Made a Single Acquisition. Now, It’s Getting Sued

The complaint alleges Vanguard acted in bad faith by thwarting certain business deals post-acquisition.

2 min read

Finance

Markets Give a ‘Meh’ To Upbeat Wall Street Earnings

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The consensus takeaway from the earnings season so far is that the economy is, in spite of everything, doing pretty good.

3 min read

Banking

HSBC Waves Caution Flag for Wall Street Giants

Photo by Yusuf Miah via Pexels

The bank downgraded JPMorgan, Goldman Sachs, and Bank of America, citing a classic case of macroeconomic uncertainty.

2 min read

Photo via Kris Tripplaar/Sipa USA/Newscom

ETF Upside

Calamos Launches First Autocallable ETF

The fund enters into swap agreements with J.P. Morgan and tracks an index from MerQube.

2 min read
Photo via Kris Tripplaar/Sipa USA/Newscom

Blockchain

Fiserv Connecting Thousands of Banks to Crypto with New Stablecoin Platform

Financial institutions are racing to get into stablecoins as the Genius Act makes its way toward POTUS Trump’s desk.

2 min read
Photo by CardMapr.nl via Unsplash

Personal Finance

AmEx Platinum, Chase Sapphire Reserve Battle for Points in Upgrade Grudge Match

The two cards both have steep annual fees that put them in direct competition for a spot in consumers’ wallets.

1 min read

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