JPMorgan Chase & Co. (NYSE: JPM) announced it authorized a new $30 billion buyback program.
On Monday, Bank of America analyst Erika Najarian said she expects other banks to follow JPMorgan’s lead and take full advantage of the opportunity to return some of their excess capital to shareholders.
“While we expect the Fed to remain nimble (i.e., apply extra restrictions) should the economic outlook worsen ahead of 2Q21, we nonetheless think there is a strong probability that robust buybacks will return in 2Q21,” Najarian wrote in a note.
She said the combination of cheap bank stock valuations and the potential for aggressive buybacks starting as soon as next quarter is a winning combination for investors.
JPMorgan Conducts Live Repo Transaction Using Blockchain Solution
Dec 11 2020 · 10:39 UTC by Benjamin Godfrey · 3 min read
Photo: Depositphotos
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The move by JPMorgan to commercial its repo transaction and the associated blockchain solutions has attracted other industry giants including Goldman Sachs and Bank of New York Mellon.
American multinational investment bank and financial services holding company JPMorgan Chase & Co (NYSE: JPM) has announced that it has completed a live intraday Repo transaction using blockchain technology. According to the official announcement, the JPMorgan blockchain-based repo transaction was successfully conducted between JPMorgan’s broker-dealer and banking entity with the help of an in-house application developed by Onyx, JPMorgan’s blockchain enterprise unit.
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LinkedIn already has been experimenting with ads within stories in markets such as Latin America and Europe. Its stories advertising tests now span about 1,000 campaigns from more than 600 advertisers, including WeWork Cos., Daimler AG, General Motors Co. -owned Cadillac and Bank of New York Mellon Corp., the company said. It plans to make the ads in stories widely available in 2021.
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