archiveJPMorgan Chase

Analysts at JPMorgan Chase are reportedly doubling down on emerging market currencies as the US dollar struggles its way through 2025. In an analysis published last week, the financial giant’s strategists gave emerging market currencies an overweight recommendation and predicted the market wouldn’t panic over the Israel/Iran conflict, Bloomberg reports. “The next few days will be critical to this, but we would think there is a higher bar for markets to panic.” The recommendation is the opposite of what the investment bank’s strategists predicted earlier this year. Following President Donald...

Buying a home in America could get harder. Homebuilder PulteGroup (PHM) warned on its post-earnings conference call that rising tariff costs will pressure home prices, affecting every price point in their markets. “We're in the range of $5,000 on average, and it will impact every single price point and consumer group that we serve. There might be a few minor nuances, but it's pretty broad across the spectrum,” PulteGroup CEO Ryan Marshall told investors and analysts on the company's first quarter earnings call Tuesday morning. The warning comes as PHM...

Two of the largest banks in the US are reportedly locked in a legal battle over a $481 million commercial property loan. Wells Fargo is suing JPMorgan Chase, the largest back in the US, over accusations it greenlighted a real estate loan even though it allegedly knew that the financial statements were fraudulent, reports Reuters. In 2019, JPMorgan issued a loan to real estate development and investment firm Chetrit Group to finance the purchase of 43 multi-family buildings with 8,671 apartments across 10 states. Acting as the investors’ trustee, Wells...