Tag: trader

The Week JPMorgan Told Employees To Return To Work, A Trader Tested Positive For Covid-19

Top-tier investment bank JPMorgan, led by well-respected CEO Jamie Dimon, required its traders, bankers, brokers and research analysts to return to its offices by Sept. 21, after being allowed to work from home for the last six months.  

The bank claims that it’s essential to have people return to its offices. Wall Street runs on access to information and intelligence. Working closely together builds a network that affords the opportunity to share ideas and strategies in real time. Traders, bankers, brokers, compliance, human resources and other personnel rely upon daily discussions and interactions to conduct their jobs. Young employees need mentors, guidance and direction. The synergy, according to JPMorgan, is diminished when its people are disconnected from one another.  

The same week the return-to-work command was made, JPMorgan sent home some of its traders after an employee in the equities trading trading division contracted Covid-19. In response to the

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Visa stock could rally another 7% by next month, trader says

Payment play Visa could be ready to pop.

With the company benefiting from e-commerce trends during the coronavirus pandemic and the stock digesting a recent top- and bottom-line earnings beat, there looks to be more runway from here, Todd Gordon, managing director at Ascent Wealth Partners, told CNBC’s “Trading Nation” on Tuesday.

“There’s a very high barrier to entry in the payment space,” he said, calling Visa and Mastercard a “duopoly.”

The two payment processors account for roughly 45% and 24.5% of global card transactions, respectively, according to data firm Nilson.

Recent additions to Visa’s bull case include “several initiatives to expand their small business offerings — specifically digital and e-commerce — as well as their touchless point-of-sale offerings for brick and mortar,” Gordon said.

He added that the company announced on Tuesday “a $500 million green bond offering to finance projects focused on energy-efficient improvements, renewable energy and sustainability.”

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