Elaine Agather, Global Vice Chair of J.P. Morgan Private Bank and Dallas Region Chairman of JPMorgan Chase, and Ashley Herbst, Managing Director and Head of Dallas for J.P. Morgan Private Bank, speak with Bloomberg's Joe Lovinger about capital inflows, generational wealth transfer and Texas' changing investment landscape. The discussion takes place at Bloomberg Invest Dallas 2026.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
JPM
• NeutralJPMorgan Chase
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $894.6B |
| Close on 10/27/2026 | 335.79 |
| Change that session | +0.52% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Ethereum News: JPMorgan Just Brought JPM Coin to Ethereum. Could Wall Street Money Lift ETH?
JPMorgan's Kinexys division made its dollar-backed token JPM Coin (JPMD) available on Ethereum's mainnet to select institutional clients on October 19, 2026, supplementing the earlier version on Base. Kinexys says it has processed over $4 trillion in transactions since launch, averaging about $7 billion a day, but most of that volume runs on its private network, and the bank has not disclosed how much occurs on Ethereum or Base. JPM Coin is a deposit token rather than a stablecoin, and retail investors cannot buy or hold it. ETH did not rise on the news: it traded at $2,386, down 4.2% over the past week and 51.8% below its all-time high, and spot Ether ETFs saw net outflows of $103 million on October 19. The article argues the link to ETH is limited, since clients need only minimal ETH for gas fees and the bank has set no volume target.
- Two Denver towers sold for $176M in 2013. A developer paid $5.25M — a 97% collapse. Here’s where smart money is going
Two skyscrapers that make up the Denver Energy Center sold for $176 million in 2013, when they were 95% occupied. In December 2025, developer Asher Luzzatto bought them for $5.25 million, roughly a 97% drop, after JPMorgan Chase foreclosed in 2022 and only 18% of the space was leased. CBRE put downtown Denver's total office vacancy at 40.1% in the third quarter of 2026, up 1.5 percentage points, largely due to TIAA leaving 293,000 square feet at 1670 Broadway. Luzzatto plans to convert one tower into 350 to 400 apartments and keep the other as offices, at a redevelopment cost well over $100 million. In CBRE's 2026 investor survey, 74% of American respondents targeted multifamily properties, 37% industrial buildings and just 16% offices.
- Jim Bianco Says Banks Blocking AI Agents Are Protecting Their Profits, Not Customers
On a live stream on Oct. 26, Bianco Research president Jim Bianco said banks that block outside AI agents from customer accounts are protecting their own profits rather than customers. He pointed to JPMorgan Chase, whose CEO Jamie Dimon cited the risk of “rogue agents” on Oct. 13, and noted that Citi, Bank of America, Wells Fargo and Charles Schwab have also limited third-party agents. Bianco said banks profit from deposits that pay customers nothing, citing $4 trillion in zero-yielding accounts, while FDIC data showed about $4.04 trillion in noninterest-bearing deposits at U.S. banks at the end of June, roughly 21% of domestic deposits. Co-host Ram Ahluwalia agreed on the motive but cautioned against overstating the risk of deposit flight, since frictions such as opening a new bank account remain. Wells Fargo’s revised agreement, effective Nov. 24, makes customers responsible for authorized agents’ actions until they revoke access.
- Jamie Dimon Just Named Five Threats to the Economy. JPMorgan Is Already Acting
Jamie Dimon, the head of America's biggest bank, named five threats to the economy: deficits, sticky inflation, elevated asset prices, rising rates and geopolitics. The article says JPMorgan is already acting on them.
- J.P. Morgan, UBS Teams That Managed $1.1 Billion Jump to Rockefeller Capital
- Can AI Adoption Sustain Morgan Stanley's Wealth Management Growth?
Morgan Stanley (MS) is using AI to boost advisor productivity, accelerate asset gathering and improve operating efficiency, as Wealth Management revenue hit a record in the third quarter of 2026. Its AI @ Morgan Stanley Assistant, adopted by more than 98% of advisor teams, speeds access to research, while AI @ Morgan Stanley Debrief automates meeting summaries and client documentation, freeing advisors' time for client acquisition and cross-selling. Wealth Management revenue rose 10.1% year over year to a record $9.07 billion, with $232.4 billion in net new assets, $80.5 billion in fee-based asset flows and a 30.4% pre-tax margin. The article notes that AI's direct earnings contribution remains unquantified, while technology costs and market volatility pose challenges. It also compares peers Goldman Sachs (GS) and JPMorgan (JPM), which use AI to automate workflows, with JPMorgan expanding its LLM Suite platform.
Related markets
Latest news
- Why Archer Aviation Stock Took Flight on Tuesday
Archer Aviation (ACHR) shares rose sharply on Tuesday morning, reaching as much as 9.6% higher and closing up 7.4%. The move followed reports that Cathie Wood, CEO of Ark Investment Management, had been buying the stock, with ARK funds adding more than 1 million shares worth nearly $4.6 million at Monday's closing price. Last week, Archer announced plans to set up air taxi networks across Houston, Dallas-Fort Worth and Austin using its all-electric Midnight aircraft. The company still needs sign-off from the Federal Aviation Administration (FAA), which is in its final stages, and won't generate revenue from this business until approval is granted. The article also notes the stock has shed nearly 63% of its value over the past year, and the company will likely remain unprofitable for the foreseeable future.
- USA Rare Earth Just Broke Ground on a $1.2 Billion Magnet Complex. Here's Why It Matters.
USA Rare Earth (USAR) has started building a $1.2 billion rare-earth metal and magnet facility in Blacksburg, South Carolina, expected to span roughly 800,000 square feet. The project moves the company closer to being a vertically integrated producer, following expansion of its Texas mining site and its acquisition of Brazil-based miner Serra Verde. The article notes China dominates rare-earth mining and processing, and that these materials are vital for missile defense, sensors and electric vehicles, making domestic supply increasingly important for the U.S. The company is positioned with the U.S. government as its core customer, and comprehensive sourcing can reduce supply-chain complexity and the number of vendors agencies must rely on. If the refining plants run efficiently, the article says the company could sell materials and magnets at higher margins than outsourcing processing to third parties.
- Intel, Microchip Technology, Marvell Technology, onsemi, and Seagate stocks trade up, what you need to know
Shares of Intel (INTC), Microchip Technology (MCHP), Marvell Technology (MRVL), onsemi (ON) and Seagate (STX) rose between 3.9% and 5.7% in the afternoon session after Broadcom reportedly secured $63 billion in bank financing to develop proprietary AI chips for Anthropic. The article links this to Anthropic's IPO filing and Meta's equity offering, which it says signal that tech companies are still spending heavily on infrastructure. It notes onsemi has had 35 moves greater than 5% over the last year, so today's gain is seen as meaningful but not something that would fundamentally change how the market views the business. Twenty days earlier, onsemi fell 4.3% as the 10-year Treasury yield climbed back above 5.3%, touching its highest level since 2002, after Fed minutes showed most officials expected another rate increase this year. Higher yields raise the discount rate applied to chipmakers' future earnings, which the article says weighs on the sector.
- Wesdome Gold Mines (TSX:WDO) Stock Looks Reasonable Despite Output Pressure
Wesdome Gold Mines (TSX:WDO) has returned about 283.2% over the past three years, but its latest production update showed recent gold output down 18%, driven by lower grades at Eagle River. At around $28.41, the stock trades on about 9.8x earnings, roughly level with its peer group and below the broader Metals and Mining sector at about 14.2x. The article suggests this discount may reflect market caution after the output drop, and raises the question of whether current earnings adequately support the share price. It also cites a fair value model, which blends growth, profitability, size and risk, indicating the shares trade on a lower P/E than typically expected for those fundamentals.
- Amazon Backup Power Deal Could Be A Turning Point For Generac Stock
Generac Holdings has disclosed a long-term backup power agreement with Amazon, including planned data center deliveries in 2027 and 2028. Investors are watching shipment timing, factory capacity and how backlog converts into revenue in the upcoming Q3 results. The company expects US$450m of 2026 data center revenue and holds a US$1.6b dedicated backlog, and the Amazon contract reinforces this thesis but does not resolve how quickly orders become shipments or how they affect margins. The main risk is that capital spending on factory expansion could run ahead of actual volumes, pressuring free cash flow and profitability. The analyst narrative points to revenues of US$7.8b and earnings of US$918.4m by 2029, up from the US$258.2m reported today, based on an assumed annual top-line growth rate of 20.6%.
- Semtech, Amkor, Entegris, MACOM, and Vishay Intertechnology stocks trade up, what you need to know
Several semiconductor stocks rose in the afternoon session after major AI deals and financing agreements, which the article says reinforced investor confidence in sustained tech demand. It reports that Broadcom obtained $63 billion in bank financing to develop proprietary AI chips for Anthropic, while Anthropic filed for an IPO and Meta launched an equity offering. Gains included Semtech up 5%, Amkor up 6.5%, Entegris up 7%, MACOM up 5.3%, and Vishay Intertechnology up 10.9%. Vishay has had 54 moves greater than 5% over the past year, and five days earlier its stock fell 7.2% on warnings that component supply bottlenecks and cleanroom space constraints would limit equipment makers’ ability to meet demand through 2027.
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.