It is shaping up to be another ugly day for bank stocks around the world. JPMorgan Chase, Bank of America, Morgan Stanley and Goldman Sachs sold off Friday morning, after sliding Thursday. So did shares of Citigroup,
Since 1987, the American Association of Individual Investors (AAII) has conducted weekly surveys to measure investor sentiment. Participants answer a simple question: Do you think stock market over the next six months will increase (bullish), stay the same (neutral), or decline (bearish)? Results are published every Thursday morning.
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JPMorgan forecasts a recession in the US this year triggered by new tariffs, predicting a GDP contraction of 0.3% and an unemployment rate of 5.3%.
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Raw Story on MSN'There will be blood': JPMorgan warns recession odds skyrocketed after 'substantial shock'A day after issuing a scathing assessment of President Donald Trump's key economic agenda, JPMorgan’s top economist raised estimates the odds of a global recession at 60%. Analysts at JPMorgan Chase warned late Wednesday that the impact of Trump’s new set of tariffs — which they dubbed “the largest tax increase since the Revenue Act of 1968" — could take the economy “perilously close to slipping into recession.
Shares of JPMorgan Chase & Co., which traded ex-dividend on Friday, erased some $51 billion from its market capitalization. Regional lenders also took a hit with the KBW Regional Banking Index slumping 3.7%, to close at the lowest level since July 9.
The probability of a U.S. recession has surged to its highest level in two years as JPMorgan Chase & Co. signals that President Donald Trump's trade policies could deliver a bigger shock to business sentiment,
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Raw Story on MSN'Bad, bad, bad': JPMorgan's scathing assessment of new tariff economy stuns social mediaAnalysts at JPMorgan Chase warned that the impact of President Donald Trump’s new set of tariffs could take the economy “perilously close to slipping into recession.” The gloomy economic forecast was released hours after Trump rocked the global financial markets with his announcement of sweeping tariffs in a Rose Garden ceremony on Wednesday –
JPMorgan Chase & Co. is discussing a bigger yield and other possible investor-friendly changes to the $660 million junk-bond offering for Chuck E. Cheese owner CEC Entertainment that has struggled to attract demand,