Tag: JPMorgan

The Zacks Analyst Blog Highlights: Mastercard, JPMorgan, Eli Lilly, Caterpillar and Anthem

For Immediate Release

Chicago, IL – October 12, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Mastercard Incorporated MA, JPMorgan Chase & Co. JPM, Eli Lilly and Company LLY, Caterpillar Inc. CAT and Anthem, Inc. ANTM.

Here are highlights from Friday’s Analyst Blog:

Top Analyst Reports for Mastercard, JPMorgan and Eli Lilly

The Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Mastercard, JPMorgan Chase and Eli Lilly. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Mastercard shares have outperformed the Zacks Financial Transaction Services

Read More

Top Analyst Reports for Mastercard, JPMorgan & Eli Lilly

Friday, October 9, 2020

The Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Mastercard (MA), JPMorgan Chase (JPM) and Eli Lilly (LLY). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Mastercard shares have outperformed the Zacks Financial Transaction Services industry in the year to date period (+17.4% vs. +5.5%). The Zacks analyst believes that Mastercard’s strategic acquisitions, alliances and technology upgrades, along with product-diversification and geographic-expansion initiatives augur well for the long-term.

The company has undertaken several acquisitions to supplement organic efforts and diversify revenues over the years, which has helped expand its addressable markets and strengthen core product solutions. It is gaining from an increased demand for digital

Read More

Visa, JPMorgan Are Already Preparing for Potential Quantum Cyberattacks

Financial services companies are preparing for a time when a powerful quantum computer could break some of the most widespread cryptographic methods currently used in cybersecurity.

Experts say quantum-computing cyberattacks could be more than a decade away, based on the technology’s rate of progress, but the consequences could be so severe that companies and cryptographers world-wide are preparing now.

Visa Inc.

and

JPMorgan

Chase & Co., for example, are researching methods capable of thwarting such an attack, developing new processes and closely following the race for new encryption standards.

“The data we have is sensitive, and it is vast in quantity, so protecting that data is job number one for us,” said Rajat Taneja, president of technology at Visa.

Rajat Taneja, executive vice president of technology and operations for Visa.



Photo:

Visa Inc.

Nearly six years ago, researchers at Visa began studying so-called post-quantum cryptography, which refers to the new

Read More

Chicago Mayor Lori Lightfoot touts programs by PepsiCo, JPMorgan Chase to increase lending and job training

JP Morgan Chase plans to expand home lending for Black and Latino families while PepsiCo will give more money for job training, officials announced.

Representatives from JP Morgan Chase and PepsiCo made the pledges during a news conference with Mayor Lori Lightfoot and the Chicago Community Trust, a leading philanthropic organization.

JPMorgan Chase promised to increase homeownership among 3,000 Black and Latino families “in the Chicago region through an additional $600 million in home lending to these families over the next five years,” officials said.

The bank also will expand low down payment programs and grants for home buying, including closing cost assistance.

Sign up for The Spin to get the top stories in politics delivered to your inbox weekday afternoons.

Officials also said PepsiCo will be giving $500,000 for job training and development, though it wasn’t clear when or where. The soft drink giant also is giving $1 million

Read More

Top ad accounts in review from T-Mobile to JPMorgan Chase

  • Much of the ad industry came to a halt in March as the pandemic led marketers to slash spending and delay reviews of their accounts.
  • But activity has since picked up, with a focus on media-buying, which is where the most money changes hands.
  • The key reviews ad agencies are watching include names like T-Mobile, Sanofi, and Visa that spend billions on advertising and want to consolidate their business with a single agency or holding company.
  • Visit Business Insider’s homepage for more stories.

When the pandemic hit the US in March, advertising all but came to a halt as brands slashed spending and halted new campaign production.

The last thing any CMO wanted to do was go embark on an agency review, an expensive, monthslong process to determine the advertising agencies they want to handle their business. 

But with some exceptions like Samsung, which just cancelled a massive pitch for

Read More

JPMorgan says a Biden victory could mark a stock market shift

A victory of Democratic nominee Joe Biden in the presidential election could herald the start of a rotation toward parts of the equity market that have been left behind by the rally, according to strategists at JPMorgan Chase & Co.

“We need to get through US elections event-risk first, but there could be a broadening in styles and in regional performances thereafter,” said JPMorgan strategists led by Mislav Matejka in a note on Monday. “A potential Biden victory should not be seen as a negative for markets, and could in fact lead to an internal rotation.”

The analysts, who have for months preferred growth, defensives, and US stocks, say that they’re “warming” to a possible switch of market leadership after the vote, with Biden holding a comfortable lead in national polls over President Trump a month before Election Day. They point out that value, or cheaper equities, have “dramatically” underperformed

Read More

JPMorgan Chase Rolls Out New Digital Hub, Tools to Protect Businesses Against Fraud

NEW YORK–(BUSINESS WIRE)–Access to reliable online security has never been more critical for businesses today. In fact, 81% of business owners experienced payments fraud last year, according to a recent survey by J.P. Morgan and the Association for Financial Professionals (AFP®). To help businesses protect against potential threats, JPMorgan Chase today introduced Fraud Protection Services, a new digital hub with enhanced fraud prevention tools that helps small and mid-sized clients protect their businesses and manage money safely.

The new offering is available online to the bank’s millions of small to mid-sized business clients. Businesses can easily enroll and access Chase’s suite of fraud tools through a dashboard that helps clients take full advantage of security features, including enhanced check monitoring and protection, while helping them better manage their cash.

“We want business owners to know we have their back,” says Jennifer Roberts, CEO of Chase Business Banking.

Read More

JPMorgan Pushes Payment Fraud Protection for Small Business Customers | Investing News

NEW YORK (Reuters) – JPMorgan Chase & Co.

, the country’s largest lender, is stepping up payment fraud protections for its small and mid-sized business customers, which continue to be targeted by scammers – particularly amid the COVID-19 pandemic.

Four-in-five small and mid-sized companies say they were targets of payment fraud last year, but that could be reduced if businesses use more tools to detect suspicious payments early, JPMorgan executives told Reuters.

The bank’s new self-service “fraud hub,” being introduced on Monday, will allow them to set alerts for unusually large payments and control who gets paid. The service supplements the current system in which customers call the bank to set controls.

“Fraud is a major concern and can be devastating for businesses,” said Jennifer Roberts, chief executive of Chase Business Banking. “We want to provide them with safeguards that are easy to set up and customize for their transactions.”

Read More

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

Read More

When banks like Goldman, JPMorgan, BoA are returning to offices

  • Firms like JPMorgan Chase and Goldman Sachs are  charting a path for bringing their workers back to the office.
  • Surveys have shown that workers report fear and high levels of stress about physically heading back.
  • Here’s a look at firms’ timelines for calling workers back, some of which are starting now, and others which won’t kick in till 2021.
  • Are you a finance industry professional who is concerned about going back to work? Contact this reporter confidentially at [email protected]
  • Visit Business Insider’s homepage for more stories.

With the afterglow of Labor Day in the rearview mirror, and six months of remote work having reshaped much of how Wall Street does business, industry executives are laying the groundwork for plans and timelines to get back to work the old fashioned way.

Not everyone has been looking forward to this return to a more normal semblance of work, however. 

In June, Korn

Read More