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The New Leadership Race at JPMorgan
The Wall Street Journal51d agoneutral
The New Leadership Race at JPMorgan

JPMorgan Chase on Thursday promoted Troy Rohrbaugh and Doug Petno to be co-presidents of the firm, putting them in the best position to succeed CEO Jamie Dimon when he decides to retire. Here's more detail on the two: Troy Rohrbaugh: Rohrbaugh, 56 years old, is considered by some to be the front-runner to replace Dimon.

JPMorgan Tweaks Its Olin (OLN) Outlook But the Bigger Question Remains Unanswered
Insider Monkey51d agoneutral
JPMorgan Tweaks Its Olin (OLN) Outlook But the Bigger Question Remains Unanswered

With an upside potential of 35.67% according to analysts, Olin Corporation (NYSE:OLN) is among the 10 Most Promising Hydrogen and Fuel Cell Stocks According to Analysts. On June 18, JPMorgan lowered its price target on Olin Corporation (NYSE:OLN) to $25 from $26 while maintaining a Neutral rating on the shares. The adjustment reflects the firm’s updated outlook […]

The Options Trader Who Emerged as a Surprise Front-Runner to Succeed Jamie Dimon
The Wall Street Journal51d agoneutral
The Options Trader Who Emerged as a Surprise Front-Runner to Succeed Jamie Dimon

In 2005, Jamie Dimon was taking over as chief executive officer of JPMorgan Chase when he lured a Goldman Sachs foreign-exchange derivatives trader to join him. Troy Rohrbaugh turned into a lucrative hire. On Thursday, Dimon and the board handed Rohrbaugh the title of co-president and gave him responsibility for running Chase Bank and the rest of its sprawling consumer business.

JPMorgan resets oil price target for rest of 2026
TheStreet51d agoneutral
JPMorgan resets oil price target for rest of 2026

Brent crude rose from $72 in late February to above $118 in March when the Strait of Hormuz effectively closed. By late June, after a U.S.-Iran peace deal began reopening shipping lanes, it had fallen back below $80. Every major bank that published a price target this year has had to revise it, ...

The Long Race to Succeed Jamie Dimon Heats Up
The Wall Street Journal51d agoneutral
The Long Race to Succeed Jamie Dimon Heats Up

JPMorgan Chase promoted Doug Petno and Troy Rohrbaugh to co-presidents. In addition, Marianne Lake, a longtime lieutenant to Chairman and Chief Executive Jamie Dimon, is retiring. The moves mark another twist in the saga of who will replace Dimon, who turned 70 this year.

Netflix (NFLX) Stock Sees Modest Fair Value Cut As Analysts Weigh Ad Growth Risks
Simply Wall St.51d agoneutral
Netflix (NFLX) Stock Sees Modest Fair Value Cut As Analysts Weigh Ad Growth Risks

Netflix’s latest valuation work includes a small trim to fair value, moving to $114.15 from $114.56, signaling only a modest adjustment in the underlying model. This shift lines up with mixed analyst commentary that weighs the potential of Netflix’s growing advertising efforts and pricing power against concerns over engagement, valuation sensitivity, and already ambitious revenue expectations. In the sections that follow, you will see how to interpret these updates and track the evolving...

Banks Get the Go-Ahead to Hike Dividends. Where the Best Yields Are.
Barrons.com51d agoneutral
Banks Get the Go-Ahead to Hike Dividends. Where the Best Yields Are.

Banks have been going on a dividend spree after sailing through the Federal Reserve’s latest stress test. Major banks rushed to announce increased dividends and buyback programs after acing the Fed’s latest test of their financial health. JPMorgan Chase Morgan Stanley Citigroup and Goldman Sachs all announced divided increases, while JPMorgan Chase and Morgan Stanley also detailed new buyback initiatives.

Who Are the New Candidates to Succeed Jamie Dimon?
The Wall Street Journal51d agoneutral
Who Are the New Candidates to Succeed Jamie Dimon?

JPMorgan on Thursday promoted Doug Petno and Troy Rohrbaugh to be co-presidents of the firm, named them CEOs of the bank’s two biggest businesses and gave them $30 million retention bonuses to stay around.

Financial Services Roundup: Market Talk
The Wall Street Journal52d agoneutral
Financial Services Roundup: Market Talk

Find insight on JPMorgan Chase, UniCredit’s takeover offer for Commerzbank and more in the latest Market Talks covering financial services.

ASOS (LSE:ASC) Stock Fair Value Edges Higher After Analyst Target Increases
Simply Wall St.52d agoneutral
ASOS (LSE:ASC) Stock Fair Value Edges Higher After Analyst Target Increases

The latest reset of ASOS price targets, including moves such as the £2.85 level from JPMorgan and £4.00 from Deutsche Bank, puts fresh numbers around how analysts are thinking about the company. Those revised targets, and the mix of bullish and Neutral views behind them, offer a clearer read on how the Street is weighing valuation against execution risk and earnings potential. Read on to see what sits behind these shifts and how you can track the evolving ASOS narrative from here. Stay...

JPMorgan Chase promotes Petno, Rohrbaugh to copresidents, setting up two more successors for Dimon
Associated Press52d agoneutral
JPMorgan Chase promotes Petno, Rohrbaugh to copresidents, setting up two more successors for Dimon

JPMorgan Chase promoted investment bankers Doug Petno and Troy Rohrbaugh to copresidents of the bank, elevating two potential contenders to succeed Jamie Dimon whenever the longtime CEO step downs from running the nation’s largest bank. The bank also announced Thursday that Marianne Lake, who had held several top positions in the company including chief financial officer and CEO of the consumer banking division, will retire at the end of the year. The promotion of Petno and Rohrbaugh is a sign that JPMorgan’s board is looking to its commercial and investment banking ranks as it develops the next generation of leadership, even as Rohrbaugh will now move over to run the bank’s giant consumer business.