Wall Street's biggest bear—once dubbed ‘Gandalf' for his market foresight—is out of a job after predicting a U.S. recession that never happened [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
Marko Kolanovic is “exploring other opportunities” after 19 years with the Wall Street firm, according to an internal memo first reported by Bloomberg and later matched by the Wall Street Journal on Thursday The 48-year-old physicist, who also serves as the bank's co-head of global research, made a name for himself over the past decade, culminating in his 2020 contrarian call that the benchmark S&P 500 index would shake off a once-in-a-century pandemic and hit record highs within a matter of months. But more recently, his bearish stance has proven ill-advised. His forecast the S&P 500 will plunge to 4,200 by the end of this year is the lowest of any major bank on Wall Street and implies a near 25% crash from current levels. JPMorgan could not immediately be reached by Fortune for comment. Bullish when he should have been bearish and vice-versa Kolanovic's powers of prediction appear to have run out with the end of the stimulus-induced market rally three years ago. Going
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 7/8/24 - Form 424B2
- 7/8/24 - Form 424B2
- 7/8/24 - Form 424B2
- JPM's page on the SEC website