See the full story in the original article.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
JPM
• NeutralJPMorgan Chase
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $891.9B |
| Close on 10/16/2026 | 339.67 |
| Change that session | +1.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Robot factories and hypersonic missiles: JPMorgan Chase’s first $5 billion of defense investments
JPMorgan Chase said it has made $5 billion in startup investments in the first year of its U.S. security and resiliency initiative, a faster pace than expected. The bank had pledged $10 billion into startups over a decade and may expand the program beyond that amount, according to co-president Doug Petno. Among the disclosed stakes, JPMorgan has taken direct positions in Hadrian, which builds automated factories making parts for defense, aerospace and maritime companies, and Castelion, maker of the relatively low-cost hypersonic missile Blackbeard. The bank helped lead a $1.4 billion funding round for Hadrian and was involved in a $1 billion round for Castelion. The direct equity stakes mark a departure from JPMorgan's usual role as a lender and advisor.
- As borrowing costs spike, Jamie Dimon asks corporate America: 'Are you prepared?' You should ask yourself the same thing
JPMorgan CEO Jamie Dimon warned that rising borrowing costs in 2026 mean many companies may not be ready, especially when they must refinance or borrow and face higher credit spreads. He argues that tech firms borrowing heavily to build AI data center infrastructure are competing with the U.S. Treasury for funds, pushing rates higher for households with mortgages, car loans and credit cards. The Joint Economic Committee reported that national debt hit a record $40.25 trillion at the start of October. Citing Bloomberg, JPMorgan strategists found deeply distressed loans rose 62.5%, from $40 billion in 2025 to $65 billion in the third quarter, the highest since March 2020. Freddie Mac data showed the 30-year fixed mortgage averaging 7.40% and the 15-year at 6.73% as of October 8, 2026, and the article urges readers to review and pay down their debts early.
- Banks poised to post colossal profits buoyed by higher interest rates
The UK's big four banks, Lloyds, NatWest, Barclays and HSBC, made pre-tax profits of £29 billion in the first six months of 2026, up more than a fifth year on year, as higher-for-longer rates widened their margins. Chancellor John Healey is reportedly considering a £7 billion windfall tax on lenders in his first Budget on October 28, after the banks were spared under predecessor Rachel Reeves. The simplest option, restoring the bank surcharge to 8% from 3%, would raise about £2 billion, but UK Finance warns it could cost the economy nearly £20 billion over ten years. The IPPR think-tank proposes changing how the Treasury accounts for losses on banks' QE reserves, which it says could save at least £5 billion a year by the end of the decade.
- Seven major financial stocks are down 11 % to 25 % from their peaks . Is the Bankpocalypse here ?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
Q3 2026 bank earnings were mixed: JPMorgan missed adjusted EPS estimates even as net revenue rose more than 8% year over year, while Goldman Sachs beat estimates on healthy equities trading. The article compares two bank ETFs: KBE, an equal-weight fund with about 109 holdings spread across bank sizes and business types, and IAT, a market-cap-weighted regional bank fund where U.S. Bancorp and PNC each make up about 15%. KBE may benefit from an uneven recovery or falling rates, while both funds tend to do well in broad expansion but are more vulnerable in a recession or banking crisis. Both are up only 1%-2% year to date, with expense ratios of 0.35% for KBE and 0.37% for IAT. Investors should watch deposit trends and credit quality.
- Big US bank stocks log worst weekly losing streak since 2008
The 24-member KBW Bank Index fell nearly 1% this week, is in correction about 13% below its August record, and is on track for a six-week decline that would be the longest such losing streak since 2008. Citigroup, State Street, Bank of America and Morgan Stanley were among the worst performers, while JPMorgan Chase rose about 2%. Mixed third-quarter earnings, worries about AI disruption to financial services and a hot inflation reading kept pressure on the sector. Bloomberg Intelligence analyst Herman Chan said higher-for-longer rates raise the risk of slower growth and higher loan losses, and flagged agentic AI as a potential long-term threat to low-cost deposits. Barclays analyst Jason Goldberg noted the index has underperformed the S&P 500 in 18 of 21 trading days since the Fed raised rates on Sep 16, an unprecedented pattern since the index's May 1992 inception.
Related markets
Latest news
- Intel stock pops after JPMorgan gives a Neutral upgrade
JPMorgan (JPM) upgraded Intel (INTC) to Neutral from Underweight. The note points to improving execution under CEO Lip-Bu Tan, potential foundry customers for next-generation manufacturing, and rising earnings estimates for 2027 and 2028.
- Intel leads chip stocks higher as investors jump back into AI trade
Chip stocks rebounded on Monday as investors bought the dip after last week's steep AI trade sell-off. The PHLX Semiconductor Index (^SOX) rose 2%, reversing a recent semiconductor rout. Intel (INTC) jumped 5% after JPMorgan upgraded the stock to Buy, citing "solid execution." Nvidia (NVDA) and AMD (AMD) also gained, while a Goldman Sachs upgrade of CoreWeave (CRWV) to Buy from Neutral helped lift AI sentiment. Arm Holdings (ARM), Micron Technology (MU) and SK Hynix (SKHY) also rebounded after sharp declines last week.
- Netflix stock is down roughly 25% in 2026 as Q3 earnings loom
Netflix (NFLX) reports third-quarter results after the bell on Tuesday, with the stock down more than 25% this year and closing Friday near $70, versus $93.76 at the end of 2025. Investors are worried about slowing viewership, competition from YouTube, and live sports moving to Amazon Prime Video and HBO Max. Last week Netflix cut about 6% of its workforce (roughly 1,000 employees) and named Peter Rice its new chief content officer, and five firms lowered price targets in October. Analysts expect EPS of $0.82 on revenue of $12.88 billion, up about 12% from a year earlier, in line with Netflix's own forecast. KeyBanc's Justin Patterson wants more content investment, product changes, expense cuts and a possible first-ever dividend.
- Cleveland-Cliffs Jumps 10% on Strongest Quarter in Three Years; Nucor and Steel Dynamics Edge Higher
Cleveland-Cliffs (CLF) rose 10% to $13.29 after reporting third-quarter adjusted EBITDA of $612 million, beating its $575 million guidance and up sharply from $143 million a year earlier. Revenue of $5.61 billion missed the $5.72 billion expected, though sales rose 18.6% year over year on a higher average net selling price of $1,177 per ton and larger shipments. Management said imports remain well below historical levels, but it indefinitely idled the galvanizing lines at its Canadian unit Stelco due to oversupply. The company guided to about $715 million of adjusted EBITDA in Q4 and said 2027 adjusted EBITDA should exceed $4 billion based on current index price forecasts. Its target is to bring net debt to EBITDA below 2.5x by mid-2027.
- Tech rebounds as semiconductor stocks jump: AlphaCheck
Stocks were mostly higher on Monday as investors turned their focus to earnings season, with semiconductor stocks rebounding after last week's sharp sell-off. The Tech sector (XLK) rose, led by Nvidia (NVDA), AMD (AMD), Micron (MU) and SK Hynix (SKHY). Intel (INTC) also jumped after JPMorgan analysts upgraded the stock, while CoreWeave (CRWV), hammered last week, rebounded on a Goldman Sachs upgrade. Investors are watching this week's reports from Netflix (NFLX), SpaceX (SPCX), Tesla (TSLA) and Meta (META). The 10-year Treasury (^TNX) yield hovered near 5.1%, while Brent crude (BZ=F) dropped to $108 per barrel and WTI (CL=F) hovered below $98.
- AI capex may be Meta's biggest earnings test
Meta Platforms (META) reports third-quarter earnings after the close on Wednesday, alongside a wave of Big Tech peers. The GAAP EPS estimate is $3.54, though that figure may be messy because a legal settlement will be included and analysts differ on how it will be accounted for. Options imply a 3.2% move in either direction, the smallest since the fourth-quarter report before last. Estimates for next year's capex vary widely: Wedbush near $250 billion, Evercore ISI $210 billion, Bank of America $205 billion and Dan Ives around $194 billion. Most analysts say that spending is acceptable if Meta provides a Muse roadmap and confidence it can monetize it, and the stock is up about seven and a half percent year to date.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.