112.07 +0.72 (0.65%)
Pre-market: 9:10AM EDT
|Bid||111.77 x 1100|
|Ask||112.10 x 1000|
|Day's range||110.37 - 111.81|
|52-week range||91.11 - 119.24|
|Beta (3Y monthly)||1.17|
|PE ratio (TTM)||12.01|
|Earnings date||16 Jul 2019|
|Forward dividend & yield||3.20 (2.76%)|
|1y target est||118.35|
Turkey told banks to wait one day before settling some large foreign-currency purchases, the latest move to defend the lira as President Recep Tayyip Erdogan’s party seeks to keep control of Istanbul in a controversial rerun of local elections. The bank regulator told lenders to settle all retail transactions valued at $100,000 or higher one working day later, instead of the current practice of doing it on the same day, according to a document sent to banks on Monday, which was seen by Bloomberg and verified by three bankers. The lira didn’t immediately react after posting gains earlier on Monday.
South Korean exports shrank further in May, according to preliminary data, reflecting a drawn-out downturn for chipmakers and as the US-China trade war casts uncertainty over the technology sector. Asia’s fourth-largest economy is highly dependent on sales of high-tech electronic components, such as computer chips, to China.
JPMorgan's (JPM) deal to acquire InstaMed is in sync with its plan to expand into fast growing U.S. healthcare payments markets and garner significant share.
Bank stocks haven’t been doing too hot, but (JPM) has proven itself to be among the best of the bunch. At a time when bank stocks have been weighed down by the Federal Reserve’s neutral approach to interest rates, JPMorgan’s broad-based growth has allowed the bank to drop just 1.8% during the past 12 months. JPMorgan (JPM) has a “very diverse group of businesses that really allow it to operate through the economic cycle,” Michael Barclay, a senior portfolio manager at Columbia Threadneedle Investments, told us.
For decades Martin Flanagan, chief executive of Invesco, has shuffled between drab government buildings in Beijing and Shanghai on annual pilgrimages, urging regulators to open the market to foreign fund managers. The trips are “packed days from breakfast through dinner — it’s really morning through night”, said Mr Flanagan, who has run the $975bn-in-assets firm since 2005. Chinese authorities are now more willing to relax access to their markets, he said, spurred by a sense of urgency as they face what Larry Fink, chief executive of BlackRock, has labelled a “retirement crisis”.
Nomura Holdings Inc. advocates a short position ahead of Saturday’s general election. QIC Ltd. has advised pension-fund clients to sell the Aussie against the dollar and yen, while AMP Capital Investors is equally pessimistic. Option traders are more bearish on the Aussie than any other G-10 currency as the risk-sensitive asset suffers from a sudden escalation in U.S.-China trade tension and a slowing economy.
JPMorgan Chase on Friday agreed to purchase healthcare payments and billing processor InstaMed for over $500m, the bank’s biggest acquisition since the height of the financial crisis, according to a person with knowledge of the matter. The purchase follows a resurgence of dealmaking by the likes of Goldman Sachs, Morgan Stanley and BB&T and marks JPMorgan’s biggest takeover since it bought investment bank Bear Stearns and the retail banking assets of Washington Mutual in 2008. JPMorgan already processes more than $6tn of payments a day.
SINGAPORE (AP) — Asian stocks were mixed on Friday amid worries that U.S. economic sanctions on Huawei would cast a pall on trade negotiations with China.
Citigroup Inc., Royal Bank of Scotland Group Plc and JPMorgan Chase & Co. are among five banks that agreed to pay European Union fines totaling 1.07 billion euros ($1.2 billion) for colluding on foreign-exchange trading strategies. Citigroup was hit hardest with a 310.8 million-euro penalty, followed by fines of 249.2 million euros and 228.8 million euros for RBS and JPMorgan, the European Commission said in a statement on Thursday.
Leung, 51, was charged with bribing the chairman of a logistics company by promising to employ his son with the bank if the firm favored JPMorgan while choosing bankers for its initial public offering, the Independent Commission Against Corruption said in a statement on Thursday.
Berkshire Hathaway, the conglomerate controlled by billionaire investor Warren Buffett, disclosed on Wednesday its stake in Amazon was valued at $860.6m at the end of March. earlier this month that Berkshire had invested in the e-commerce giant, telling CNBC, “I’ve been a fan, and I’ve been an idiot for not buying”. Berkshire also has partnered with Amazon and JPMorgan Chase on a joint healthcare venture called Haven.