Several Wall Street banking giants are forecasting blue skies for US equities – at least until 2024 comes to a close. Morgan Stanley chief US equity strategist Mike Wilson tells Bloomberg that he expects the S&P 500 to revisit all-time high levels by the end of the year. But Wilson warns equities will likely see […]
The post JPMorgan Chase, Morgan Stanley and Citi Say Raging Bull Market Not Over Yet – Here’s Their Outlook appeared first on The Daily Hodl.
Billionaire Warren Buffett has now missed about $40 billion in gains after selling huge quantities of Berkshire Hathaway’s assets early, according to a new report. The famed investor reduced Berkshire’s positions by a net $127 billion in 2024, reports Barron’s, making headlines for dumping approximately $100 billion of Apple shares and $10 billion of Bank […]
The post Billionaire Warren Buffett Fumbles $40,000,000,000 After Dumping Apple, Bank of America, Wells Fargo, JPMorgan Chase and Goldman Sachs Early: Report appeared first on The Daily Hodl.
The second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues. In a new filing with the U.S. Securities and Exchange Commission (SEC), Bank of America says it faces a “reasonably possible and estimable” loss of up to $800 billion due to investigations from the Consumer Financial Protection […]
The post Bank of America Bracing for $800,000,000 Loss As Investigators Probe BofA, JPMorgan Chase and Wells Fargo’s Alleged Refusal To Reimburse Customers appeared first on The Daily Hodl.
JPMorgan Chase is refusing to pay a monthly pension to a widow whose husband worked at the bank for 10 years before his untimely death. Elaine Silverberg’s departed spouse Melvyn worked as a systems analyst at Chase Manhattan Bank from 1969 to 1979, reports the New York Post. Melvyn died in 1988 due to multiple […]
The post JPMorgan Chase Denies $53,000 Pension Payout, Widow Says Bank Treated Her Like ‘Insignificant Cockroach To Be Stepped On’: Report appeared first on The Daily Hodl.
JPMorgan Chase says the incoming Trump administration could boost both Bitcoin (BTC) and gold. In a note to clients, the US bank says that if Republicans gain control of the House in addition to the Senate, a weaker dollar is likely as stimulus is poured into the system, reports Barron’s. This, combined with potential further […]
The post JPMorgan Chase Forecasts ‘Additional Upside’ for Bitcoin, Crypto and Gold As Trump Retakes White House: Report appeared first on The Daily Hodl.
Billionaire Warren Buffett is buying a “high flying” asset after significantly reducing his exposure to the US banking industry, according to a new report. The renowned investor has sold $10.5 billion of Berkshire Hathaway’s stake in Bank of America since the summer, after selling all of the firm’s JPMorgan Chase and Wells Fargo positions in […]
The post Billionaire Warren Buffett Pours $7,800,000,000 Into ‘High-Flying’ Asset After Dumping Bank of America, JPMorgan Chase and Wells Fargo: Report appeared first on The Daily Hodl.
JPMorgan Chase is handing $100 million to customers after settling a wave of allegations from the U.S. Securities and Exchange Commission. The bank is settling five separate cases with the agency and will pay an additional $51 million to regulators, for a total of $151 million. The alleged violations include misleading disclosures, breaches of fiduciary […]
The post JPMorgan Chase Paying $100,000,000 To Customers As Bank Settles Wave of Allegations From U.S. Securities and Exchange Commission appeared first on The Daily Hodl.
JPMorgan Chase is now taking legal action against customers who extracted money from the bank’s ATMs using an illicit banking “glitch.” The bank is suing people who allegedly pulled thousands of dollars from the banks’ ATMs over the summer using a check fraud scheme that went viral. The scheme centers on depositing a fake check […]
The post JPMorgan Chase Suing Customer Who Allegedly Pulled $290,939 From Bank Using Illegal ATM ‘Glitch’: Report appeared first on The Daily Hodl.
JPMorgan Chase, Bank of America and Wells Fargo are among six US banks that have not defined what an unauthorized transaction is, despite the term’s critical role in determining whether fraud victims will be reimbursed, according to a new report. The three big banks, along with Capital One, U.S. Bank and Truist, have released no […]
The post JPMorgan Chase, Wells Fargo and Bank of America Refuse To Define ‘Unauthorized Transaction’ As Customers Lose $320,000,000 To Scams on Zelle: Report appeared first on The Daily Hodl.
A US regulator is accusing three bank employees of triggering nearly $1 million in losses at JPMorgan Chase and Citi. The Office of the Comptroller of the Currency (OCC) says Tanya Jazmin Cortez sold confidential customer information to a third party for cash while working as a Citi bank teller in California. Cortez is accused […]
The post JPMorgan Chase, Citi Lose $939,399 As Insiders Steal Cash, Sell Customers’ Sensitive Data: US Bank Regulator appeared first on The Daily Hodl.
