|Bid||117.52 x 800|
|Ask||119.40 x 1300|
|Day's range||115.02 - 119.67|
|52-week range||115.02 - 172.96|
|Beta (5Y monthly)||1.11|
|PE ratio (TTM)||8.70|
|Earnings date||14 Jul 2022|
|Forward dividend & yield||4.00 (3.41%)|
|Ex-dividend date||05 Jul 2022|
|1y target est||156.39|
Investors are keeping an eye on the prospects for banks to increase their net interest income, or the difference between income from loans and interest paid on deposits and other funds, as they benefit from higher interest rates. JPMorgan said it now expected net interest income (NII), excluding markets, of $56 billion in 2022. JPMorgan said its 2022 outlook for NII was based on an assumption that the U.S. Federal Reserve raises short-term rates up to 3% by year-end.
BNP Paribas has joined JPMorgan in using digital tokens for short-term trading in fixed income markets as some of the world’s biggest investment banks step up efforts to modernise the $12tn market with blockchain technology. The arrangement represents the first steps in efforts to use digital tokens in one of the crucial links of the global financial system. The repurchase, or repo, market is used by investors to borrow high-quality assets for a couple of days, and by central banks to conduct their monetary policies.
Boss of biggest US bank faces showdown on pay package and spending plans at first gathering in two years