JPMorgan Chase 3rd Quarter Profits Plummet 17% But They Still Beat Analysts Expectations JPMorgan Chase 3rd quarter earnings report is full of a mixed news. The bad news is that the bank’s profits plummeted by 17%. Yet, the report indicated the bank faired better than analysts expectations even as its net income fell. The JPMorgan […]
JP Morgan Chase Executives Panic As Mortgage Originations Continue to Free Fall JPMorgan Chase leaders continue to panic as mortgage originations continue their free fall. It’s not pretty for JPMorgan Chase as mortgage originations continue to free fall. This is after the bank laid off hundreds of mortgage employees. Chase reported double digit declines in […]
JPMorgan Chase Fired Hundreds Of Mortgage Employees As Interest Rates Skyrocket And Demand Drops JPMorgan Chase fired hundreds employees from its mortgage lending business this week. The company says rising interest rates and a looming recession have lowered demand. JPMorgan Chase did not confirm how many employees were let go or moved to different divisions. […]
JPMorgan Chase CEO Jamie Dimon Warns Recession Is Coming. He Blames Trump’s Trade War With China JPMorgan Chase CEO Jamie Dimon warned that a recession is on the horizon. He said its thanks to the Trump Administration’s continuing trade war with China. Dimon said during a morning call with reporters after the bank announced its […]
Jamie Dimon Tells Bankers He’s Unsure If Elizabeth Warren Understands Global Banking “The finance guys argue that if you’re never in the club, you can’t understand it, but I think they have it backward. Not being in the club means not drinking the Kool-Aid.” -Senator Elizabeth Warren JPMorgan Chase & Co. CEO Jamie Dimon […]
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