The bank generated earnings and revenue that beat analysts' expectations, but it's still struggling to find loan growth and deal with some regulatory constraints.
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News & Analysis: JPMorgan Chase
JPM earnings call for the period ending June 30, 2021.
This is the latest in a series of major investments by the big bank.
JPMorgan is preparing to launch a digital bank in the United Kingdom and recently acquired the U.K. wealth manager Nutmeg Saving and Investment Limited.
CEO Jamie Dimon said the company has been "stockpiling" cash to prepare for rising interest rates. Here's what you can do to prepare your portfolio for potential inflation.
The JPMorgan Chase CEO said he doesn't think inflation is transitory, but he also said rates could be low long-term, a situation that could create an ideal economy.
In recent weeks, overdraft fees have been under scrutiny and analysts believe banks are going to face more pressure going forward.
Interestingly, though, the bond market doesn't seem to care.
Not only does it look like banks have made more holistic relationships with new deposit customers, but deposit pricing tends to lag interest rate hikes.
This market leader has been the best performer among its peers for more than a decade.