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JPMorgan Chase

JPMorgan Chase profits jump despite higher costs for bad loans

NEW YORK: JPMorgan Chase reported higher second-quarter profits Friday thanks to better results in investment...

Published 12 Jul, 2024 05:33pm

Markets

European shares hit 1-month high on upbeat earnings, Fed rate-cut hopes

European shares advanced on Friday and were set for a second consecutive weekly gains on upbeat earnings updates,...

Published 12 Jul, 2024 02:32pm

Business & Finance

JPMorgan profit rises 6% even as interest income forecast falls short of predictions

JPMorgan Chase’s profit rose 6% in the first quarter, although its shares dropped after the bank’s forecast for its...

Published 12 Apr, 2024 07:21pm

Business & Finance

Kitchen sponge maker Scrub Daddy explores sale

NEW YORK: Scrub Daddy, the kitchen sponge maker that gained popularity after securing an investment on US TV show...

Published 30 Mar, 2024 05:27am

Business & Finance

JPMorgan picks HSBC, StanChart to run $500bn custody business in Hong Kong, Taiwan

HONG KONG: JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong...

Published 01 Mar, 2024 10:20am

Business & Finance

Citi hires banking head from JPMorgan, prompting reshuffle of bosses

NEW YORK: Citigroup appointed Viswas Raghavan from JPMorgan Chase as its new head of banking, prompting a wave of...

Published 27 Feb, 2024 03:06am

Business & Finance

JPMorgan to open more than 500 new bank branches over next three years

NEW YORK: JPMorgan Chase said on Tuesday it was embarking on one of its most aggressive bank branch expansions in...

Published 06 Feb, 2024 05:15pm

Markets

Asian shares rise as US rate cut fever lingers, oil holds gains

SYDNEY: Asian shares tracked Wall Street higher on Wednesday as US rate cut fever lingered near the year’s end,...

Published 20 Dec, 2023 10:15am

World

US business leaders start to rally around Republican candidate Nikki Haley

NEW YORK: A growing number of US business leaders are rallying behind former South Carolina governor Nikki Haley as...

Published 10 Dec, 2023 12:42pm

Technology

Payments app Zelle begins refunds for imposter scams after Washington pressure

Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection...

Published 13 Nov, 2023 11:02am

Markets

S&P 500, Nasdaq down

BENGALURU: The S&P 500 and the Nasdaq fell on Friday, as a decline in megacap stocks overshadowed upbeat...

Published 14 Oct, 2023 05:32am

Business & Finance

JPMorgan Chase profits jump, warns inflation could persist

NEW YORK: JPMorgan Chase reported another highly profitable quarter Friday, but warned inflation could persist and...

Published 14 Oct, 2023 05:32am

Markets

JPMorgan Chase profits jump, warns inflation could persist

NEW YORK: JPMorgan Chase reported another highly profitable quarter Friday, but warned inflation could persist and...

Published 13 Oct, 2023 05:23pm

Markets

JP Morgan now forecasts 4% peak for key ECB rate

JP Morgan said on Friday it expected the European Central Bank to hike interest rates by another 25 basis points in...

Published 16 Jun, 2023 11:23am

World

Bill Gates in China to meet with development partners

BEIJING: Bill Gates was in China on Thursday to meet with global health and development partners, following a string...

Published 15 Jun, 2023 11:31am

Business & Finance

JPMorgan Chase invests $200mn on carbon removal

NEW YORK: JPMorgan Chase announced Tuesday it has signed long-term agreements to purchase $200 million worth of...

Published 23 May, 2023 09:55pm

Markets

Asia stocks steady despite China data miss, helped by weaker dollar outlook

HONG KONG: Asia stocks mostly held firm on Tuesday despite weaker-than-expected Chinese economic data, with...

Published 16 May, 2023 10:19am

Markets

Lira slides, dollar bonds tumble as presidential runoff looms

LONDON: Turkiye lira held near a two-month low, its sovereign dollar bonds tumbled and the cost of insuring exposure...

Published 15 May, 2023 12:30pm

Markets

Buffett faults US government handling of banking crisis

NEW YORK: Investment tycoon Warren Buffett said Saturday that messaging from the US government over the regional...

Published 07 May, 2023 02:30pm

IMF says more vulnerabilities in banking sector may be exposed

BEVERLY HILLS, (California): International Monetary Fund Managing Director Kristalina Georgieva said on Monday she...

Updated 02 May, 2023 08:46am

Markets

Bank rescues ease crisis fears but investors worry it’s not enough

A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday,...

Published 17 Mar, 2023 12:08pm

Markets

Wall Street giants move to rescue First Republic Bank

NEW YORK: America’s largest banks moved Thursday to shore up First Republic, easing fears that the regional lender...

Published 17 Mar, 2023 11:34am

Markets

JPMorgan: Credit Suisse takeover, especially by UBS is ‘most likely scenario’

LONDON: Wall Street bank JPMorgan said on Thursday that Credit Suisse being taking over by another lender, most...

Published 16 Mar, 2023 12:25pm

Business & Finance

Biden pledges ‘whatever needed’ as banks feel force of SVB fallout

NEW YORK: US President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the...

Published 14 Mar, 2023 03:18am

Markets

JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank

JPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial...

Published 13 Mar, 2023 10:21am

Markets

Global bank shares sink over US fears

PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender...

Published 10 Mar, 2023 03:31pm

Markets

JPMorgan estimates Turkiye direct quake damage at $25bn, expects rate cut

LONDON: Direct costs from the destruction of physical structures in Turkiye from the devastating earthquake on Feb....

Updated 16 Feb, 2023 08:51pm

Business & Finance

BNP Paribas posts record profit of 10.2bn euros

PARIS: French bank BNP Paribas posted Tuesday a record profit of 10.2 billion euros, the latest in a series of...

Published 13 Feb, 2023 05:57am

Pakistan

JPMorgan says Pakistan's troubles justify slump in bond prices

Bonds have plunged to around 33-35 cents on the dollar this month which leaves them at just a third of their face value and broadly in line with other countries seen as at risk of default such El Salvador, Ghana and Ecuador

Updated 19 Oct, 2022 10:34pm

Business & Finance

JPMorgan Chase reports lower profits

NEW YORK: JPMorgan Chase reported a drop in third-quarter profits Friday as it set aside funds for potential loan...

Published 17 Oct, 2022 06:37am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 26	252.10

Gainers
Losers
Leaders

Stock	Price
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Dar-es-Salaam / Dec 26 Dar-es-Salaam Textile Mills Limited(DSML)	51.25 ▲ 4.66 (10.00%)
Liven Pharma / Dec 26 Liven Pharma Limited(LIVEN)	113.10 ▲ 10.28 (10.00%)
Ghani Chem. Ind. / Dec 26 Ghani Chemical Industries Limited(GCIL)	17.74 ▲ 1.61 (9.98%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99 ▲ 8.95 (9.94%)
Sardar Chemical / Dec 26 Sardar Chemical Industries Limited(SARC)	40.30 ▲ 3.63 (9.90%)
Al-Khair Gadoon / Dec 26 Al-Khair Gadoon Limited(AKGL)	50.90 ▲ 4.56 (9.84%)
Shams Textile / Dec 26 Shams Textile Mills Limited(STML)	28.66 ▲ 2.55 (9.77%)
B.R.R. Guardian / Dec 26 B.R.R. Guardian Limited(BRRG)	22.79 ▲ 1.97 (9.46%)

Stock	Price
Hoechst Pak. / Dec 26 Hoechst Pakistan Limited(HPL)	2,565 ▼ -285.00 (-10.00%)
Unicap Modaraba / Dec 26 Unicap Modaraba(UCAPM)	2.85 ▼ -0.31 (-9.81%)
J.A.Textile / Dec 26 J.A. Textile Mills Limited(JATM)	31.02 ▼ -2.93 (-8.63%)
Bannu Woollen / Dec 26 Bannu Woollen Mills Limited(BNWM)	33.50 ▼ -2.54 (-7.05%)
Pakistan Cables / Dec 26 Pakistan Cables Limited(PCAL)	146.05 ▼ -9.94 (-6.37%)
Faran Sugar (R) / Dec 26 Faran Sugar Mills Limited (R)(FRSMR)	8 ▼ -0.52 (-6.10%)
786 Invest Ltd / Dec 26 786 Investments Limited(786)	6.72 ▼ -0.43 (-6.01%)
Blessed Tex. / Dec 26 Blessed Textiles Limited(BTL)	282 ▼ -17.47 (-5.83%)
Faisal Sp. / Dec 26 Faisal Spinning Mills Limited(FASM)	278 ▼ -16.85 (-5.71%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.03
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	67,135,769 ▲ 0.73
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -0.03
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.08
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.06
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	29,562,935 ▲ 2.58
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.17
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.44
Sui North Gas / Dec 26 Sui Northern Gas Pipelines Limited(SNGP)	26,262,710 ▲ 3.61

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