News about JPMorgan

Intel shares rose nearly 4% in premarket trading on Monday after JPMorgan upgraded the stock from Underweight to Neutral and Intel said Tesla agreed to use its forthcoming 14A process. JPMorgan analyst Harlan Sur cited a more balanced risk-reward outlook as the shares, down about 36% from their June peak, approached the firm's $85 price target. He still expects Intel to keep losing market share in server and PC processors, and says its external foundry business remains relatively small. The Tesla deal is the first high-profile external customer for Intel's most advanced planned node, though its financial value was not disclosed. Intel also said production on its current 18A process is running ahead of internal targets.

JPMorgan will make JPM Coin, a token representing its dollar deposits, available to institutional clients on Ethereum, according to Bloomberg. The bank says Ethereum's liquidity makes it attractive to crypto companies seeking blockchain payments and to financial firms settling trades or backing tokenized assets. The move extends JPMorgan's blockchain work beyond Base and its private Kinexys network, which processes more than $7 billion daily. The bank did not say when the token will go live on Ethereum. Meanwhile, JPMorgan is among US banks planning a shared tokenized deposit network, but it was not on Swift's list of 17 banks preparing live transactions on its blockchain ledger in July.

JPMorgan Chase deployed $230 billion of capital in the first year of its decade-long plan to invest $1.5 trillion in industries that strengthen US economic security, such as energy independence and defense and aerospace. Deals include Korea Zinc's $7.4 billion smelter in Tennessee, Fervo Energy's IPO, and debt financing for Drax's purchase of Bluefield Solar Income Fund. About 15% of the initial pledge was deployed in year one, though CEO Jamie Dimon says the total could be far bigger. Co-president Doug Petno said the opportunity is greater and the challenges more complex than expected. The bank has more than 35 dedicated bankers, and Todd Combs has allocated $5 billion of up to $10 billion in the firm's own capital.

JPMorgan is bringing its USD-denominated deposit token, JPM Coin (JPMD), to the Ethereum mainnet for institutional clients, extending its push into blockchain payments. The token, which represents US dollar deposits at the bank, was first launched last year on Base and lets clients send and receive money in real time, 24/7. Emma Landriault, global head of Kinexys Labs, described the move as further convergence between Wall Street and crypto, with banks moving onto public chains and crypto firms partnering with traditional institutions. JPMorgan already has tokenized money market funds MONY and JLTXX on Ethereum, and it now adds a cash leg. Ether traded near $2,434 after a rebound, with trading volume up 42% over 24 hours.

JPMorgan is reportedly expanding its JPM Coin deposit token to Ethereum, allowing eligible institutional clients to make payments and settle tokenized asset transactions, Bloomberg reported on Monday. JPM Coin represents US dollar deposits held at JPMorgan and lets clients transfer funds within seconds, around the clock. Emma Landriault, global head of Kinexys Labs, said crypto companies could use the token for blockchain payments, while financial institutions could use it to settle trades and post collateral. JPMorgan chose Ethereum for its liquidity and existing client use, and although the tokens are issued on public networks, JPM Coin remains restricted to approved institutional participants. The move follows the November 2025 rollout on Base, an Ethereum layer-2 network built by Coinbase, and a plan to bring JPM Coin to the Canton Network announced in January.

JPMorgan Chase CEO Jamie Dimon warned that prolonged high interest rates could strain U.S. consumers and credit markets. In his latest remarks, he pointed to persistent inflation, elevated asset prices and geopolitical instability, as well as tightening credit standards and questions about consumer resilience while policy rates remain high. The article says this warning captures only part of the risk, since the bank's large expense base and technology spending could face a tougher credit cycle. Investors are advised to watch net charge-offs and consumer delinquencies in coming quarters against the US$2,204 million in net charge-offs reported for Q3 2026.

JPMorgan Chase shares traded at $335.53 on October 15, 8% below their record close of $365.18 on August 12, 2026. In the third quarter, net revenue rose 8% year over year to $50.2 billion and diluted EPS rose 10% to $5.57, but both missed analyst expectations, the first bottom-line miss since the second quarter of 2022. Equities markets revenue jumped 49% and average loans rose 10%, and management raised its full-year net interest income guidance (excluding markets) by $700 million to $97.2 billion. The price-to-book ratio of 2.5 is a sizable premium to Bank of America, Wells Fargo and Citigroup, but the bank's 20% return on tangible common equity is significantly higher than those rivals'. A dividend yield of nearly 2% adds to the appeal for income-focused investors.