JPMorgan (JPM) January Master Trust net charge off 1.65% (prev. 1.59% M/M)
Newsquawk Staff ·
JPMorgan (JPM) January Master Trust net charge off 1.65% (prev. 1.59% M/M)
What it means
JPMorgan's January Master Trust net charge off increased to 1.65% from the previous month's 1.59%. This uptick may raise concerns about credit quality and potential loan defaults, impacting investor sentiment towards the bank and the broader sector. Traders should monitor how this feeds into the outlook for JPMorgan's earnings and broader bank valuations moving forward.
- JPMorgan Chase (JPM) reportedly faces an additional GBP 100-150mln tax bill following the UK government's decision to double the corporation tax surcharge on banks, potentially jeopardising plans for its new London headquarters, Sky News reports
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- US Broker Moves: ENPH and DYN downgraded at Oppenheimer; FFIV downgraded at Piper Sandler
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