JPMorgan Chase & Co. is a leading global financial services firm that provides a wide range of financial solutions to consumers, businesses, and governments. The company offers investment banking, asset management, private banking, and wealth management services while also delivering a full suite of commercial banking products. With a strong emphasis on innovation and technology, JPMorgan Chase plays a pivotal role in the financial market, helping clients navigate complex financial landscapes through expert advice and tailored services. The firm is committed to maintaining its reputation for integrity and professionalism while actively contributing to economic development and community investment. Read More
Anthony Scaramucci, founder and CEO of SkyBridge Capital, supported the idea of JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon running for president on Tuesday.
JP Morgan analyst names Take-Two Interactive and Xometry as top picks in internet SMID & video games sectors. Potential for relief for Match Group & Bumble from App Store ruling. Specific opportunities & dislocations highlighted, including Roku & Xometry.
Shares of online dating app Bumble (NASDAQ:BMBL)
fell 5.2% in the morning session after JP Morgan downgraded the stock from Neutral to Sell and assigned a $5 price target, implying a potential 10% downside. The downgrade was attributed to challenges in the dating app market, particularly concerning "Gen Z product and market fit issues." The firm also raised concerns about competition from Hinge.
Shares of social commerce platform Pinterest (NYSE: PINS)
jumped 5% in the morning session after JP Morgan upgraded the stock rating from Neutral to Buy and raised the price target from $35 to $40. The firm cited "progress in adding users and improving monetization."
The card, issued through WebBank, is currently in its early testing stage, with a full-scale launch expected across the U.S. and Europe later in the year.
JPMorgan upgraded the stock, citing strong execution, improved monetization, and ad growth, and sees upside potential and a favorable risk/reward setup.
In a regulatory filing on Monday, Uber also announced the departure of Pierre-Dimitri Gore-Coty, who has led the company’s delivery segment for 13 years.
