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JPMorgan recorded a revenue of $30.16 billion in Q4, which exceeded analysts’ estimates of $28.7 billion.JPMorgan Chase & Company (NYSE: JPM) stock dropped approximately 2% to trade around $138.42 after reporting better than expected Q4 earnings results.The American multinational investment bank announced on Friday that it recorded earnings per share
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Goldman Sachs is reportedly one of several financial institutions to sign on to JPMorgan’s custom blockchain service — a sign that more broker-dealers were looking to take advantage of digital currencies for their repo operations.In an interview with Bloomberg, Scott Lucas, head of blockchain markets at JPMorgan, said the investment
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The investment banking giant says the blockchain hype cycle has moved past inflated expectations and into the realm of being commercially viable. Source
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JPM Coin will see its first commercial use, banking executives said. Southeast Asia’s largest bank by assets, DBS, is eyeing a digital assets exchange. And bitcoin’s recent rise shows a decoupling from traditional markets, like the S&P 500.Top shelfJPM CoinJPM Coin, the enterprise-minded digital asset stewarded by the titular global
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A major tech firm is about to start using JPM Coin in global payments, as the investment bank doubles down on its blockchain business. Source
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JPM stock was down 1.38% on Tuesday’s opening hours in the market. The bank has reported better-than-expected net profits with the bottom line getting good support from its investment banking services.On Tuesday, October 13, Wall Street banking giant JPMorgan Chase & Co (NYSE: JPM) delivered better-than-expected Q3 earnings. During Q3
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The JPMorgan settlement case has expectedly resulted in the firm’s shares losing 81 cents (0.84%) of their value on Tuesday.The shares of investment banking giant JPMorgan Chase & Co (NYSE: JPM) dipped on Tuesday following reports that the firm will be paying about $920 million in settlement to clear off
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JPMorgan’s corporate and investment banking businesses did pretty well during the pandemic period which helped the Wall Street giant to offset the losses of its consumer retail and commercial business. JPM stock price is rising.Just at a time when the U.S. economy is on the edge of a sharp recession,
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According to an all-new report released earlier this week, banking giant JP Morgan is currently in the process of facilitating a merger of its in-house blockchain unit called Quorum with Ethereum-based software developer ConsenSys. The deal is currently under negotiation and is likely to be finalized by the end
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