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Nov 24, 2021
11/21
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BLOOMBERG
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back to that jpmorgan morgan story and the c.e.o.amie dimon joking that his bank is likely to outlast the chinese communist party. he reiterate his commitment to the country. >> the communist party celebrated its 100th year. so is jpmorgan morgan. i'll make you a bet we'll last longer. i can't say that in china. tom: let's get to bloomberg's senior finance editor. what are the potential impacts of dimon's comments? has there been any reaction out of china so far? >> that is an interesting comment, especially in a year questioning whether the communist party is a permanent fixture. it is hard to gauge the potential impact. we have had jpmorgan morgan and others making a big push into china now. they are looking at, you know, they are looking at getting approvals for expanning in wealth management. jpmorgan morgan earlier this year got approval to gain 100% of its securities venture. there is a lot of business risk at stake for the bank. in terms of impact, we're not seeing any official comments or anything in social media or from loca
back to that jpmorgan morgan story and the c.e.o.amie dimon joking that his bank is likely to outlast the chinese communist party. he reiterate his commitment to the country. >> the communist party celebrated its 100th year. so is jpmorgan morgan. i'll make you a bet we'll last longer. i can't say that in china. tom: let's get to bloomberg's senior finance editor. what are the potential impacts of dimon's comments? has there been any reaction out of china so far? >> that is an...
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Nov 30, 2021
11/21
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CNBC
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morgan stanley saying current headwinds should prove be transitory and they predict a tight market at 2022 jpmorgan00 and $25 next year followed by $150 in 2023. the prices already outliers and they see brent averaging $88 per barrel next year in the near term, all eyes are on opec and its allies which meet tomorrow and thursday to discuss production policy for january amid all these new headwinds. melissa, back to you >> pippa, thanks >>> bank stocks as bob mentioned taking a hit kbe down nearly 8% in the past week while the regional bank etr the kre negative for the month what's next for the sector if thefed accelerates the taper time with us is anton with cap advisers great to have you with us. rising rates good for banks but a flattening yield curve is not and that's what we've been seeing lately. >> well, i believe the flattening curve is temporary. long rates will rise and a lot of banks will benefit from short term rate rises so if the fed raises rates, a lot of banks have prime-based loans and earnings will benefit dramatically from that banks are flush with deposits, too much in the way of
morgan stanley saying current headwinds should prove be transitory and they predict a tight market at 2022 jpmorgan00 and $25 next year followed by $150 in 2023. the prices already outliers and they see brent averaging $88 per barrel next year in the near term, all eyes are on opec and its allies which meet tomorrow and thursday to discuss production policy for january amid all these new headwinds. melissa, back to you >> pippa, thanks >>> bank stocks as bob mentioned taking a...
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Nov 18, 2021
11/21
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CSPAN3
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in 2018, jp morgan chase charged customers wrong overdraft fees. what did the occ do? jpmorgan got away without paying a dime in fees. since 2017, the occ has found at least six banks with wrongly charged overdrafts in in each case the occ basically put a note in their file rather than pushing for real consequences. who this hurts is the people targeted by this kind of behavior. if big banks are worried about your nomination, i think it's because they're worried that you'll be independent, because you'll put the interests of consumers first, because you understand how banking works and that you'll hold them accountable. that's exactly the kind of comptroller i want to see at the occ. thank you, mr. chairman. >> thank you. the gentleman from louisiana, mr. kennedy, is recognized for five minutes. >> good morning, professor. >> good morning. >> you used to be a member of a group called the young [ inaudible ], didn't you? >> senator, are you referring to my member in the youth communist organization while i was growing up in the soviet union? >> i don't know, i wanted to ask you
in 2018, jp morgan chase charged customers wrong overdraft fees. what did the occ do? jpmorgan got away without paying a dime in fees. since 2017, the occ has found at least six banks with wrongly charged overdrafts in in each case the occ basically put a note in their file rather than pushing for real consequences. who this hurts is the people targeted by this kind of behavior. if big banks are worried about your nomination, i think it's because they're worried that you'll be independent,...
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122
Nov 23, 2021
11/21
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CNBC
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morgan stanley. i think the stock is going to rerate amongst the financials. watch for this, too. >> in the cramer camp. josh brown >> best chart of all of the financials is still jpmorgan chase. i think we see new highs before year-end >> good stuff, everybody thank you. "the exchange" begins now. ♪ >>> thank you very much, scott hi, everybody. here is what is ahead this hour. >>> tapping the reserves the administration announcing it will release barrels from the strategic pe troet yum reserve in an effort to curb rising gasoline prices. will it work and why are oil prices going up today? we will speak with the energy department's deputy secretary and with goldman sack's jeff curry in a moment. >>> plus, mind the gap the action, the story and the trade on gap and nord strum with their results today. swipe, pay and serve how one company is trying to solve the labor shortage in the restaurant industry with a touch of a screen. we have all of that coming up. >>> first today's market looking at red over there, dom chu. >> it is, but in one key part of the market it has been the epicenter for a while. the dow is down flat on the day, but we were roughly up 140 points at the
morgan stanley. i think the stock is going to rerate amongst the financials. watch for this, too. >> in the cramer camp. josh brown >> best chart of all of the financials is still jpmorgan chase. i think we see new highs before year-end >> good stuff, everybody thank you. "the exchange" begins now. ♪ >>> thank you very much, scott hi, everybody. here is what is ahead this hour. >>> tapping the reserves the administration announcing it will release...
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Nov 23, 2021
11/21
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CNBC
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morgan stanley. i think the stock is going to rerate amongst the financials. watch for this, too. >> in the cramer camp. josh brown >> best chart of all of the financials is still jpmorgannd >> good stuff, everybody thank you. "the exchange" begins now. ♪ >>> thank you very much, scott hi, everybody. here is what is ahead this hour. >>> tapping the reserves the administration announcing it will release barrels from the strategic pe troet yum reserve in an effort to curb rising gasoline prices. will it work and why are oil prices going up today? we will speak with the energy department's deputy secretary and with goldman sack's jeff curry in a moment. >>> plus, mind the gap the action, the story and the trade on gap and nord strum with their results today. swipe, pay and serve how one company is trying to
morgan stanley. i think the stock is going to rerate amongst the financials. watch for this, too. >> in the cramer camp. josh brown >> best chart of all of the financials is still jpmorgannd >> good stuff, everybody thank you. "the exchange" begins now. ♪ >>> thank you very much, scott hi, everybody. here is what is ahead this hour. >>> tapping the reserves the administration announcing it will release barrels from the strategic pe troet yum...