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JPMorgan CEO Jamie Dimon comments on succession, economic risks

In recent comments, JPMorgan Chase & Co. (JPM) CEO Jamie Dimon has stated that his "base case" for stepping away as chief executive is still several years away. The major bank touts record annual profits of $58 billion for 2024 in its latest earnings results. Catalysts host Seana Smith reports more on the topic of Dimon's possible succession plan and his latest statements about the "significant risks" he sees in the US economy. Watch Yahoo Finance interview Puck founding partner William D. Cohan about the prospects of Dimon's eventual retirement after COO Daniel Pinto announced his plans to step down at the end of 2025. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 14 minutes ago

JPM
Rigetti Computing stock spikes higher on quantum computing hype

Rigetti Computing (RGTI) surges over 20% on enthusiasm for quantum computing after Microsoft (MSFT) announced its "Quantum Ready" program for businesses. Seana Smith and Alexandra Canal take a closer look at the stock move on Catalysts. Check out Yahoo Finance Executive Editor Brian Sozzi's full interview with Rigetti Computing CEO Subodh Kulkarni from this morning's episode of Opening Bid. D-Wave Quantum (QBTS) CEO Alan Baratz also sat down with Yahoo Finance this week to discuss the company's practical uses of quantum computing. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.

Yahoo Finance Video 1 hour ago

RGTI

RGTIW
December inflation, bank earnings, SEC sues Elon Musk: 3 Things

The latest Consumer Price Index (CPI) reading saw prices rise by 0.4% monthly and 2.9% annually in December, the inflation data in line with economist expectations. Core CPI — which excludes trends in food and energy costs — rose by 0.2% month-over-month and 3.2% year-over-year, both data sets below forecasts. Major banks JPMorgan Chase & Co. (JPM), Citigroup (C), Wells Fargo (WFC), and Goldman Sachs (GS) have all reported their first quarter earnings results, all of their respective shares rising in pre-market trading. The Securities and Exchange Commission (SEC) has sued billionaire Elon Musk, claiming he misled shareholders and failed to timely disclose his Twitter — now known as X — share purchases while he grew his stake in the company. Watch Yahoo Finance's full interview with outgoing SEC Chair Gary Gensler. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 3 hours ago

C

GS

WFC
Rigetti Computing CEO on hype after his stock explodes 48%

How do you know as an investor that you are witnessing a borderline bubble in a stock? When a company (or companies) that has made no money ever is trading like it makes lots of money today will make even more money in the future. Welcome to the vibe continuing to surround quantum computing stocks such as D-Wave Quantum (QBTS) and Rigetti Computing (RGTI). Both of these stocks have been on mind-blowing runs the past three months in part because of enthusiasm for AI and a super-hyped new quantum chip from Google called Willow. The quantum space has also seen considerable investor interest on the Yahoo Finance platform, with the community consuming everything they could on the companies and the sector.  So, have investors become too optimistic about quantum computing stocks? Yahoo Finance Executive Editor Brian Sozzi goes right to the source, talking at length with Rigetti Computing CEO Subodh Kulkarni. Rigetti’s stock has exploded more than 500% in the past six months, bringing it to an eye-watering $2 billion market cap. Interestingly, Rigetti has never turned a profit and has told investors it won’t be making profits anytime soon. In fact, it may have to raise more capital to fund its ambitions in quantum chips. Sozzi serves up a classic investor guide to one of the market’s hottest stocks out of the gate in 2025. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website.

Yahoo Finance Video 4 hours ago

RGTI

RGTIW
Big Bank earnings, December CPI, FedSpeak: What to Watch

Market Domination Overtime anchors Julie Hyman and Josh Lipton detail the top stories to watch for on Yahoo Finance tomorrow, Wednesday, January 15. Major banks are preparing to launch the earnings season, with JPMorgan Chase & Co. (JPM), Citigroup (C), Wells Fargo (WFC), BlackRock (BLK), and Bank of New York Mellon (BK) all set to release their quarterly reports. On the economic data front, markets will receive a new Consumer Price Index (CPI) reading with economists expecting core CPI — inflation excluding food and energy prices — to hold steady at 0.3%, with headline inflation rising to 0.4% for the month of December. Additionally, several Federal Reserve officials are scheduled to speak, including Richmond Fed President Tom Barkin, New York Fed President John Williams, and Chicago Fed President Austan Goolsbee. Their remarks will provide further insights into the central bank's monetary policy direction. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith

Yahoo Finance Video 17 hours ago

JPM

BLK

BK
Departure of potential Fink successor creates new CEO drama at BlackRock

A potential successor to BlackRock CEO Larry Fink is reportedly leaving the firm, narrowing the list of contenders to become the next boss of the world's largest money manager.

Yahoo Finance 20 hours ago

JPM

BLK
Quantum computing applications are 'real today': D-Wave CEO

It's been a tumultuous week for quantum computing companies, to say the least, with several stocks in the landscape — Quantum Computing (QUBT), D-Wave Quantum (QBTS), Rigetti Computing (RGTI), IonQ (IONQ) — selling off following comments made by Nvidia (NVDA) CEO Jensen Huang and Meta Platforms (META) CEO Mark Zuckerberg. Both tech executives share the sentiment that practical applications of quantum computing are years, if not decades, away from practical applications. Major quantum computing stocks are now soaring back to life in Tuesday's session. D-Wave Quantum CEO Alan Baratz sits down with the Morning Brief team to explain why quantum compute capabilities are "real today" and the company's investments in building out its infrastructure. "We have customers that are using our quantum computers today in support of their business operations, and we have demonstrated the ability to solve important problems in the area of material simulation on our quantum computers today in minutes," he tells Seana Smith and Brad Smith, "that it would take well over millions of years to solve on classical computers, including massively parallel GPU systems like what Nvidia builds." Catch up on Yahoo Finance's latest coverage of the quantum computing landscape: Quantum computing stocks fall following Zuckerberg commentsNvidia’s 'AI Godfather' forces a reset on the tech world’s next big bet: Morning BriefWhy Nvidia just crushed the quantum computing stock tradeQuantum computing stocks plunge after Nvidia CEO commentsRigetti, IonQ stocks plunge after Nvidia CEO says 'useful' quantum computing is decades awayWhy post-quantum security should be a top priority for DOD To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video yesterday

RGTI

RGTIW

QBTS
Compass Stock Soars 18%: Defying a 29-Year Market Slump

Raised 2024 outlook, record cash flow, and market outperformance put Compass in the investment spotlight.

GuruFocus.com 21 minutes ago

COMP
Quantum Stocks Bounce Back: IonQ, D-Wave, and Rigetti Draw Heavy Investor Interest

IonQ, D-Wave, and Rigetti rebound as Nvidia tempers quantum expectations and Alphabet stirs optimism

GuruFocus.com 26 minutes ago

RGTIW

IBKR
Intuitive Surgical, Inc. (ISRG): A Bull Case Theory

We came across a bullish thesis on Intuitive Surgical, Inc. (ISRG) on Business Model Mastery’s Substack by The Antifragile Investor. In this article, we will summarize the bulls’ thesis on ISRG. Intuitive Surgical, Inc. (ISRG)’s share was trading at $538.88 as of Jan 14th. ISRG’s trailing and forward P/E were 86.64 and 69.44 respectively according to Yahoo […]

Insider Monkey 28 minutes ago

ISRG
JPMorgan, Goldman, Citi Rake In Record Hauls as Biden’s Era Ends

(Bloomberg) -- For all of Wall Street’s excitement about Donald Trump’s growth agenda, the biggest banks are ending the Biden years on a high note.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Officials Pitch $1.5 Billion Plan to Fix Transit WoesThe four giant lenders that reported full-year results Wednesday notched their second-most profitable year ever in 2024, trailing only Joe Biden’s first yea

Bloomberg 36 minutes ago

C

JPM
Inflation Ticks Up to 2.9%, but Underlying Price Gains Are Muted

Markets cheered a December inflation report that suggested underlying price pressures are easing, but the Federal Reserve still isn’t likely to cut interest rates anytime soon given President-elect Donald Trump’s plans for the economy. The overall consumer-price index came in relatively hot, rising 2.9% over the year, the Labor Department said Wednesday. The index rose 0.4% from the previous month, driven by a 4.4% jump in gas prices.

The Wall Street Journal 40 minutes ago

JPM

MS

MS-PQ
Wells Fargo, Goldman Sachs, and Citigroup Are All Soaring. Here's Why.

The stock market was having a strong day on Wednesday, with the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) higher by 1.6% and 1.9% as of 10 a.m. ET. In fact, Wells Fargo (NYSE: WFC), Goldman Sachs (NYSE: GS), and Citigroup (NYSE: C) were all higher by 5% or more for the day. There are two main reasons why these bank stocks are soaring.

Motley Fool 47 minutes ago

WFC

^GSPC

COMP
BlackRock Stock Rises as Firm Sets Record for Assets Under Management

BlackRock's assets under management surged 15% year-over-year to $11.55 trillion.

Investopedia 48 minutes ago

BLK
Rigetti Stock Soars: Quantum Goldmine or High-Stakes Gamble?

Rigetti Computing's meteoric rise sparks excitement, but its CEO warns of a long road to profitability.

GuruFocus.com 50 minutes ago

RGTIW
Why Rigetti Computing, IonQ, D-Wave Quantum, and Quantum Computing Stocks All Exploded Higher on Wednesday

Everyone is buying the wrong quantum stock today.

Motley Fool 56 minutes ago

MSFT

GOOG

RGTIW
Bitcoin Price Rises After CPI Inflation Report. Why the Data Matter for Crypto.

The token's price was up after December's CPI data showed a decline in the core inflation rate.

Barrons.com 1 hour ago

XRP-USD

ETH-USD

BTC-USD
Treasuries Surge as Easing Inflation Boosts Fed Rate-Cut Bets

(Bloomberg) -- US government bonds surged as benign inflation data prompted traders to resume their bets on additional Federal Reserve interest rate cuts by July.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Officials Pitch $1.5 Billion Plan to Fix Transit WoesThe rally lowered yields by 15 basis points on notes maturing in five to 10 years. It erased most of the remaining increase in yields since F

Bloomberg 1 hour ago

GS
Goldman Fourth-Quarter Results Top Views Amid Investment Banking Strength

Goldman Sachs (GS) reported stronger-than-expected fourth-quarter growth on Wednesday amid an accele

PREMIUM
MT Newswires 1 hour ago

GSC
Profits at Wall Street banks jump with trading strength, dealmaking rebound

Profits at some of the biggest U.S. lenders rose in the fourth quarter as dealmaking picked up and trading was boosted by strong equity markets, sparking a rally in banking stocks on Wednesday. Equity markets have surged, with the S&P 500 climbing 23.3% in 2024, while deal volumes have risen and strong demand for bond underwriting boosted investment-banking fees. Shares among the banks that reported earnings on Wednesday rose between 5.9% for Goldman Sachs and 0.9% for JPMorgan Chase.

Reuters 1 hour ago

WFC

JPM

Performance Overview

Return	RKEC.NS	S&P BSE SENSEX
YTD	+3.88%	-1.95%
1-Year	+15.35%	+5.73%
3-Year	+39.00%	+25.32%

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Related News

JPMorgan CEO Jamie Dimon comments on succession, economic risks

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Performance Overview