The Fed Just Lowered Interest Rates. Here's 1 Bank Stock to Buy. [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Yahoo! Finance
For the first time in more than four years, the Federal Reserve has lowered the target range for its benchmark federal funds rate, announcing a half-point rate cut on Wednesday. Lower interest rates can serve as a shot of adrenaline for stocks, because lower treasury yields make riskier assets more appealing. Banks and other financial companies should benefit too, as long as there isn't a severe recession. Here's one bank stock to buy. A potential boost to earnings While banks have been known to perform well when rates are rising, the yield curve is more important. For the past two years, the yield curve has been inverted, which means longer-dated Treasury bills have yielded less than shorter-dated ones. Now, the yield curve is steepening, which is good for the sector because banks generally borrow short and lend long. One bank that should benefit is JPMorgan Chase (NYSE: JPM) , the largest bank in the U.S. by assets. Now, this might not happen right away. At a recent industr
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JPM
News
- These major employers are making workers return to the office [CBS News]CBS News
- This Week In Credit Card News: Trump Proposes Short Term Cap On Credit Card Interest Rates [Forbes]Forbes
- JPMorgan's junior bankers just gained an ally in their fight against overwork. Here's what we know about the longtime exec tapped to advocate for them. [Business Insider]Business Insider
- JPMorgan Names New Chairs, Heads of Tech and Health Care Banking [BNN Bloomberg (Canada)]BNN Bloomberg
- JPMorgan Names New Chairs, Heads of Tech and Health Care Banking [Yahoo! Finance]Yahoo! Finance
JPM
Earnings
- 7/12/24 - Beat
JPM
Sec Filings
- 9/19/24 - Form 424B2
- 9/19/24 - Form 424B2
- 9/19/24 - Form 424B2
- JPM's page on the SEC website