Hess Midstream to Repurchase $200 Million of Equity From Sponsors, Public Shareholders
Morgan Stanley: Maintains HSBC Holdings "Shareholding" rating, lowers Target Price to 108 Hong Kong dollars.
JPMorgan released a research report stating that although HSBC Holdings (00005) performed strongly in the first quarter, expectations considering the outlook for declining interest rates, the impact of US-China tariffs on income, and the limited offsetting effect of stimulus policies have led to a 2% to 3% downward revision of HSBC's revenue forecast for the fiscal years 2026 to 2027. The adjusted earnings per share for the years 2025 to 2027 have been revised down by 2% to 7%, with the target price reduced from 115 HKD to 108 HKD. Currently, JPMorgan has lowered the average interest rate forecast for the USA from the original estimates of 4%, 3.5%, and 3.5% for 2025 to 2027, to 4%, 3.25%, and 3% respectively.
Market Chatter: JPMorgan Chase Avoids Chery IPO Possibly Over China Firm's Russia Ties
JPMorgan: AI tools played an important role during the market turbulence caused by tariffs.
JPMorgan's Asset and Wealth Management CEO, Mary Erdoes, stated that the bank's AI tools have enabled it to boost sales to wealthy clients, even handling a large number of requests from concerned customers during the market crash in April. This largest bank in the USA has been increasing its use of AI alongside its peers. Goldman Sachs is launching a generative AI assistant for its bankers, traders, and asset management, while Morgan Stanley is developing a chatbot for its financial advisors using OpenAI. Last month, tariffs were announced in the USA.
JPMorgan Options Spot-On: On May 5th, 53,315 Contracts Were Traded, With 829.87K Open Interest
Research Alert: CFRA Reiterates Buy Rating On Shares Of Jpmorgan Chase & Co.
Trump's deceptive tariff strategies leave Powell trapped in a quandary.
Recently, retailer Jim Tackler in the Chicago area and Federal Reserve Chair Jerome Powell have found themselves with many similarities. Tackler stated that the turmoil over tariffs has pushed him into a crazy game of "who is the coward," leaving him completely unsure about how high the import taxes will ultimately be. The e-commerce website that Tackler operates just ordered a batch of "long socks worth $0.08 million." He expressed his concerns, saying, "Will the cost of these socks eventually rise to $0.2 million? If so, how am I supposed to do business?" When viewed on a larger scale, the problems faced by Powell are quite similar. If thousands of companies...
Sector Update: Financial Stocks Edge Up in Afternoon Trading
Market Chatter: JPMorgan to Arrange $5 Billion in Debt Financing for 3G Capital's Skechers Acquisition
Dow's 100-Point Rally Highlighted By Gains In UnitedHealth, McDonald's Stocks
Apple Inc. is reportedly issuing corporate bonds for the first time since 2023.
According to insiders, Apple plans to issue investment-grade CSI Enterprise bonds on Monday. The person indicated that the iPhone manufacturer intends to issue bonds in up to four batches, with the longest term being 10-year bonds, and initial price discussions focused on a level approximately 0.7 percentage points higher than USA Treasury bonds. Data shows that this is Apple's first issuance of corporate bonds in two years. The banking sector expects between 35 billion and 40 billion dollars in new bond issuances this week, with industrial and Technology companies, including Apple, likely to account for the majority of the total issuance. The insider stated that the bond issuance is expected to take place on Monday.
Evergreen Home Loans Welcomes Andrew Leff as Head of National Business Development
Local Snapshot: Half Of U.S. Small Businesses Change Strategies Amid Macro-Economic Challenges, Chase Survey Finds
Market Chatter: Fed's Incoming Bank Supervisor Questions Harsh Ratings, May Delay New Scores
Streaming giant Netflix: One of the biggest winners of Trump's first hundred days in office.
Streaming giant Netflix is on a winning streak, having risen for 11 consecutive days, which is the longest winning streak in the company's history. Its stock price increased by 2% on Friday. Since its public listing in May 2002, the stock price is now at an all-time high. This new winning streak follows the latest Earnings Reports released by Netflix on April 17. The Earnings Reports indicated that due to subscription and advertising revenues exceeding expectations, the company's income grew by 13% in the first quarter of 2025. During the first 100 days of President Trump's second term, Netflix has been one of the best-performing Stocks.
Wall Street criticizes: A single post from Trump can cause the US stock market to rise or fall by 5%, making economic data secondary.
Since Trump began his second term, fluctuations in the Stocks market have become a new normal. The President's Social Media presence may have more influence than actual economic data, which is not much different from his first term. Bill Eigen, a portfolio manager at JPMorgan, stated during a Television interview on Friday morning, "We are just a Truth Social post away from a 5% move every day. At this point, the data is almost secondary." He made this remark before the release of the USA non-farm payroll data. For example, last month, during Trump's...
JPMorgan Options Spot-On: On May 2nd, 68,557 Contracts Were Traded, With 814.13K Open Interest
Barclays Maintains JPMorgan(JPM.US) With Buy Rating, Maintains Target Price $330
JPMorganChase Files Form 10-Q for the Quarter Ended March 31, 2025
Express News | Jpmorganchase Files Form 10-Q for the Quarter Ended March 31, 2025