• Insider Monkey

    15 Best Blue Chip Stocks To Buy According to Hedge Funds

    In this article, we will take a look at the 15 best blue chip stocks to buy according to hedge funds. To see more such companies, go directly to 5 Best Blue Chip Stocks To Buy According to Hedge Funds. The stock market turmoil caused by rising inflation and the Federal Reserve’s hawkish policies didn’t […]

  • Simply Wall St.

    Royal Bank of Canada's (TSE:RY) Dividend Will Be Increased To CA$1.35

    Royal Bank of Canada ( TSE:RY ) will increase its dividend from last year's comparable payment on the 24th of August to...

  • Simply Wall St.

    U.S. Bancorp (NYSE:USB) investors are sitting on a loss of 39% if they invested a year ago

    It's easy to match the overall market return by buying an index fund. Active investors aim to buy stocks that vastly...

  • Motley Fool

    Citigroup's Transformation Plan Takes a Disappointing Turn. Is the Investment Thesis Still Intact?

    Since the beginning of 2021, Citigroup (NYSE: C) has been working on a multiyear plan to modernize and simplify the bank, focus on better-performing businesses, and ultimately boost returns, which management hopes will lead to a higher valuation and stock price. A key part of this plan had been selling the consumer, small business, and middle-market banking arm in Citigroup's Mexican subsidiary, Citibanamex, which has been a high-performing business. Citigroup has been divesting most of its international consumer banking franchises that lack adequate scale.

  • TipRanks

    Pay Attention to Silicon Carbide Chips, Says Hedge Fund Manager

    The production of lithium is scaling up rapidly, alongside the establishment of lithium refineries like the one built by Tesla (TSLA), which CEO Elon Musk has referred to as a “license to print money.” These refineries offer the opportunity to process lower-grade lithium, which is more abundant, into batteries suitable for EVs. At the same time, hedge fund managers and analysts see promise in another aspect of powering EVs – silicon carbide chips. The electric vehicle (EV) revolution is gaining

  • Simply Wall St.

    There's A Lot To Like About Bank of America's (NYSE:BAC) Upcoming US$0.22 Dividend

    It looks like Bank of America Corporation ( NYSE:BAC ) is about to go ex-dividend in the next four days. The...

  • Simply Wall St.

    Bank of Montreal (TSE:BMO) Is Paying Out A Larger Dividend Than Last Year

    Bank of Montreal ( TSE:BMO ) will increase its dividend from last year's comparable payment on the 28th of August to...

  • Simply Wall St.

    Bank of Nova Scotia's (TSE:BNS) Dividend Will Be Increased To CA$1.06

    The board of The Bank of Nova Scotia ( TSE:BNS ) has announced that the dividend on 27th of July will be increased to...

  • Simply Wall St.

    The Toronto-Dominion Bank Just Missed Earnings - But Analysts Have Updated Their Models

    The Toronto-Dominion Bank ( TSE:TD ) shareholders are probably feeling a little disappointed, since its shares fell...

  • Insider Monkey

    20 Best Places to Retire in Florida

    This article will look at the 20 best places to retire in Florida. If you want to skip our detailed analysis, you may go directly to the 10 Best Places to Retire in Florida. The Sunny State of Florida The U.S. population growth has nearly flatlined. 2021 saw a growth of less than a million […]

  • Financial Times

    JPMorgan’s Jamie Dimon denies involvement with Jeffrey Epstein

    JPMorgan Chase’s chief executive Jamie Dimon affirmed under oath that he never met the bank’s former client Jeffrey Epstein, nor was involved in any internal decisions to retain the disgraced late financier after concerns were raised about his sex crimes, the company said on Friday. During sworn testimony on Friday, “our CEO repeatedly confirmed that he never met with [Epstein], never emailed him, does not recall ever discussing his accounts internally, and was not involved in any decisions about his account”, the bank said in a statement. “There are millions and millions of emails and other documents that have been produced in this case and not one comes close to even suggesting that he had any role in decisions about Epstein’s accounts.”

  • Reuters

    UPDATE 2-JPMorgan's Dimon never met or communicated with Epstein -bank

    JPMorgan Chase & Co Chief Executive Jamie Dimon said in a deposition on Friday that he had never met or communicated with late sex offender and former bank client Jeffrey Epstein, the bank said. The largest U.S. bank faces lawsuits seeking damages by women who claim that Epstein sexually abused them, and by the U.S. Virgin Islands, where the late financier had a home. for depositions about what he knew about the bank's relationship with Epstein.

  • PR Newswire

    Truist Financial Corporation Announces CME Term SOFR as Replacement Reference Rate for Outstanding U.S. Dollar Libor-Linked Securities

    Truist Financial Corporation (NYSE: TFC) announced today that, after June 30, 2023, CME Term SOFR will be the replacement reference rate for certain outstanding floating rate and fixed-to-floating rate debt securities and preferred stock issued by Truist Financial Corporation and certain of its subsidiaries that use three-month U.S. dollar LIBOR as the reference rate and that are governed by U.S. law or the law of a U.S. state.

  • Investor's Business Daily

    JPMorgan Jumps Into AI Craze With Robo Stock Picker

    Dow Jones giant JPMorgan is joining the artificial intelligence craze with an AI stock picker, investment advisor, trademark documents show.

  • Reuters

    UPDATE 2-JPMorgan cutting about 500 jobs this week -source

    JPMorgan Chase & Co is cutting about 500 employees this week across its various departments, according to a person familiar with the situation who asked not to be identified discussing personnel matters. JPMorgan is the largest U.S. lender. JPMorgan declined to comment.

  • Reuters

    JPMorgan cutting about 500 jobs this week -source

    The layoffs will affect employees across the bank's main businesses -- consumer, commercial banking, asset and wealth management -- as well as technology and operations, the source said. JPMorgan is the largest U.S. lender. JPMorgan declined to comment.

  • GOBankingRates

    3 Retirement Rules You Should Follow And Why You Should Forget the 4% Rule

    Have you ever heard of the 4% rule for retirement? You may have heard financial experts say that you should draw 4% of your total portfolio in your first year for retirement spending. After that, you...

  • Fortune

    Meet ‘IndexGPT,’ the A.I. stock picker JPMorgan is developing that may put your ‘financial advisor out of business’

    JPMorgan has filed a trademark application for A.I. software that can pick stocks—and much more.

  • Reuters

    JPMorgan's Dimon never met or communicated with Epstein -bank

    JPMorgan Chase & Co Chief Executive Jamie Dimon said in a deposition on Friday that he had never met or communicated with late sex offender and former bank client Jeffrey Epstein, the bank said. The largest U.S. bank faces lawsuits seeking damages by women who claim that Epstein sexually abused them, and by the U.S. Virgin Islands, where the late financier had a home. Epstein was a JPMorgan client from 2000 to 2013, remaining so after pleading guilty in 2008 to a Florida state prostitution charge.

  • Reuters

    Manhattan DA must hand over documents to JPMorgan for lawsuit over Epstein ties

    The Manhattan District Attorney's office must give JPMorgan Chase & Co documents relevant to a lawsuit against the bank over its ties to late sex offender Jeffrey Epstein, a U.S. judge ruled on Friday. U.S. District Judge Jed Rakoff in Manhattan said the privileges and statutes invoked by the office of District Attorney Alvin Bragg did not apply to documents sought. Spokespeople for Bragg and JPMorgan declined to comment.

  • Benzinga

    Aftermath of First Republic Bank Takeover: JPMorgan Chase Turns Down 1K Employees

    JPMorgan Chase & Co (NYSE: JPM) will not give jobs to some First Republic Bank (OTC: FRCB) employees after the takeover. JMP notified about 1,000 First Republic Bank employees that they aren’t being given jobs even temporarily, reported Bloomberg. According to Bloomberg, JP Morgan offered full-time or transitional roles to about 85% of the nearly 7,000 workers still working at First Republic when it failed, while the others were told they would not get offers. Related: JPMorgan Chase Confident I

  • Zacks

    Raymond James Financial, Inc. (RJF) Up 3.5% Since Last Earnings Report: Can It Continue?

    Raymond James Financial, Inc. (RJF) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Zacks

    Should You Watch U.S. Bancorp (USB) for Solid Dividends?

    Amid the current turmoil in the banking sector, investors may accumulate solid dividend-yielding stocks like U.S. Bancorp (USB) in their portfolios.

  • Reuters

    Mexico president eyes 'half' of Citi unit amid IPO plan

    Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half of the Mexican unit of Citigroup after the U.S. bank announced plans this week to pursue an initial public offering of the business. Citi said Wednesday it was abandoning earlier plans for a sale of its Mexican unit, known as Banamex, for an IPO, prompting Lopez Obrador to announce that the government could invest in the business and had up to $3 billion to do so. The president, who said the government had expected to earn around $2 billion in taxes from the estimated $7 billion sale of Banamex, returned on Friday to the possibility of taking a large stake alongside Mexican shareholders.

  • Reuters

    UPDATE 2-Mexico president eyes 'half' of Citi unit amid IPO plan

    Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half of the Mexican unit of Citigroup after the U.S. bank announced plans this week to pursue an initial public offering of the business. Citi said Wednesday it was abandoning earlier plans for a sale of its Mexican unit, known as Banamex, for an IPO, prompting Lopez Obrador to announce that the government could invest in the business and had up to $3 billion to do so.