Jamie Dimon, chairman and CEO of JPMorgan Chase, at the U.S. Capitol for a lunch meeting with the New Democrat Coalition in Washington, D.C., June 6, 2023. Nathan Howard | Bloomberg | Getty Images JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Friday. Here’s what Wall Street expects, according to analyst…
Market Movers rounded up the latest reactions on Target from investors and analysts. The pros, including Jim Cramer , discussed the Minneapolis-based retail chain after Bank of America upgraded Target to buy from neutral . BofA analyst Robert Ohmes wrote that he sees improvement in traffic and an upside in gross margins at Target. The…
Leon Cooperman at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019. Adam Jeffery | CNBC Billionaire investor Leon Cooperman said he remains a bear with little interest in the broader stock market, partly because it’s underestimating the risk of a fiscal crisis. “I’m of the view that we borrow from the future with…
Check out the companies making headlines in midday trading. Walgreens Boots Alliance — Walgreens Boots Alliance popped nearly 6% in midday trading after sharing that it has made progress in its cost-cutting program. The retail pharmacy giant on Thursday missed fiscal fourth-quarter earnings estimates , reporting an adjusted 67 cents per share, while analysts polled…
[The stream is slated to start at 10:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] CNBC’s Joumanna Bercetche is moderating a panel at the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco. Titled, “Reform Priorities for Tackling Debt,” the seminar will include Kristalina Georgieva,…
Jes Staley, former CEO of Barclays, arrives at the offices of Boies Schiller Flexner LLP in New York on June 11, 2023. Bloomberg | Bloomberg | Getty Images LONDON — Former Barclays CEO Jes Staley on Thursday was fined and banned from holding any position of influence in the U.K. financial services industry for misleading…
Check out the companies making headlines in premarket trading. Ford — Shares of the automaker slipped 2.3% after the United Auto Workers union expanded its strike to target Ford’s SUV and pickup truck facility in Kentucky, which is the company’s largest facility measured by both revenue and workforce. Target — The retailer rose 2.8% after…
Bank of China is one of the major state-owned banks in China. Pictured here is a branch in Shanghai on March 27, 2023. Bloomberg | Bloomberg | Getty Images China’s sovereign wealth fund, Central Huijin Investment, increased its stake in four of the country’s biggest banks late Wednesday in what is seen as a move…
Market Movers rounded up the latest reactions on Exxon Mobil from investors and analysts. The pros, including Jim Cramer , discussed the massive U.S. oil and gas producer after the company agreed to buy its shale rival Pioneer Natural Resources in an all-stock deal for $59.5 billion. This mega-merger deal is expected to close in…
David Solomon, CEO of Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York on Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs said Wednesday that it agreed to sell its fintech lending platform GreenSky to a group of investors led by private equity firm…
