JPMorgan Posts Strong Second Quarter Amid Tariff Warning
CEO Jamie Dimon noted that plenty of risks to the U.S. economy remain, including trade uncertainty, geopolitical conflicts and federal government deficits.
Visibility and Philanthropy Define Chase’s Strategy
JPMorgan Chase has quickly established its footprint in Boston and has shown that it wants to be an active participant in the business community, including a recent donation of $1.3 million in grants to small businesses.
Chase Donates Over $1M in Grants to Boston Small Businesses
Chase donates $1 million to Boston-area small businesses Local Enterprise Assistance Fund, Philanthropy Massachusetts and Boston Impact Initiative.
Big Lenders Look for Growth in Underbanked Areas
TD Bank’s newest Massachusetts branch is a window into how the lender – and its next-door rival – believes it can add new customers by opening physical locations in historically underbanked areas.
Chase Donates $500K to Boston Nonprofit
JPMorgan Chase has donated $500,000 to a Boston nonprofit that aims to help low-income families.
JPMorgan Nearly Doubles Provision for Loan Losses
JPMorgan’s net income rose 9 percent in the first quarter and the New York bank beat Wall Street’s profit and revenue targets, but its chief executive warned of global economic uncertainties ahead due to tariff chaos.
Personnel File – No. 398
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Earnings Show Megabanks Thrived in Final Quarter of 2024
JPMorgan’s net income soared 50 percent to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year.
IQHQ Strayed from the Herd. Will It Pay Off?
IQHQ burst onto the Boston real estate scene in 2021 with a series of big-ticket plans for new lab developments in unproven locations. But those contrarian bets ran headlong into a big life science slowdown.
Despite Improving Economy, JPMorgan Doubles Loan-Loss Provision
JPMorgan CEO Jamie Dimon cited geopolitical tensions that he called “treacherous and getting worse” during the bank’s Q3 earnings presentation.
Megabank Quarterly Results Show Signs of Consumers Spending Slowdown
JPMorgan Chase and Wells Fargo saw their adjusted profits fall, while Citigroup saw sluggish spending on its credit cards.
New Research Can Guide Wealth-Building for Boston’s Diverse Small Businesses
As the urgency for providing inclusive economic growth for all commonwealth residents grows, building on existing programs and partnerships can help us create a stronger entrepreneurial ecosystem.
Younger Customers Want More Advice from Their Banks
Personalized financial advice is increasingly important to retail bank customers, especially younger ones, a new J.D. Power survey has found.
Coffee, Sculptures and Advice: Banks Try to Make Branches Less Intimidating
After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch.
JPMorgan’s Dimon Says Stagflation Possible
JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation.
Jamie Dimon Warns of Potential Interest Rate Spike
With some investors and economists questioning whether the Federal Reserve can make good on interest rate cuts this year, the JPMorgan Chase CEO warned of the possibility of rates rising to 8 percent or higher.
Safra Filed to Add Boston Branch in March
The bank tied to the new leaseholders for Boston’s Quincy Market retail complex has filed to open its first location in Boston, among the applications by banks to open new branches last month.
Chase’s New England Head Leaves for Atlanta Post
Roxann Cooke, one of the most prominent Black women in the Massachusetts banking industry, is leaving Boston. But she’s staying with JPMorgan Chase.
Localizing Philanthropy for a Global Bank
Coming from the world of government administration, Rafia Zahir-Uddin has helped JPMorgan Chase to organize significant community investments in Massachusetts as its vice president for corporate responsibility.
OCC Data: Chase, Bank of America Opening, Closing Branches in Mass.
JPMorgan Chase and Bank of America have filed applications to open and close branches in Massachusetts while Citizens Bank completed the closing of some Stop & Shop branches, according to the latest data from the Office of the Comptroller of the Currency.
