JPMorgan Chase & Co. (JPM-PC)
- Yahoo Finance
American Express CEO: 'We aren't seeing recessionary signals'
Economists may be on recession watch, but American Express CEO Stephen Squeri says he still isn't seeing spending trends that would suggest a downturn is in the cards.
- Motley Fool
Jamie Dimon Is Feeling Better About the Economy, and So Should You
Jamie Dimon is one of the most respected voices on Wall Street. In its earnings release, the bank said it was taking a provisional charge of $2.3 billion for credit losses, including a $1.4 billion build on reserves for future losses. CFO Jeremy Barnum elaborated that the bank's outlook included the unemployment rate peaking at 4.9%.
- Reuters
Stripe hires Goldman, JP Morgan to explore listing, sources say
Digital payments firm Stripe has hired Wall Street banks Goldman Sachs and JP Morgan to explore a public listing, two sources familiar with the matter told Reuters. The company is also considering a private market raise to provide liquidity for employees, the sources said. The Wall Street Journal reported earlier in the day that Stripe had approached investors to raise atleast $2 billion at a valuation of $55 billion to $60 billion.
