$JPM

JPMORGAN CHASE & CO

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No SEC Form 4 filings for $JPM in the last 30 days.

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U.S.-Iran strikes, Snowflake soars, Robinhood's new AI tools and more in Morning Squawk

U.S. stock futures were lower after the prior day’s gains. Oil rose after Iran said it targeted a U.S. air base following new U.S. strikes on Tehran; Rubio said diplomacy remains the goal, while the White House called an Iranian Strait of Hormuz traffic report “fabrication.” Snowflake beat Q1 expectations and pledged $6B to AWS, shares up 37% in extended trading. Robinhood launched AI agents for trading and purchases. JPMorgan CEO Dimon said the bank could spend up to $20B on acquisitions.

Wall Street indexes post closing record highs

Wall Street closed higher Wednesday as health care and consumer stocks lifted the Dow to a record. The S&P 500 and Nasdaq also finished at record highs for a second straight day, though investors paused after an AI-led run. Dow rose 0.36% to 50,644.28; S&P 500 up 0.02% to 7,520.36; Nasdaq up 0.07% to 26,674.74. JPMorgan fell 2.4% after Dimon warned expenses could be $1B higher.

Why JPMorgan Chase Stock Wilted on Wednesday

U.S. stocks rose Wednesday, but JPMorgan Chase shares fell more than 2% after CEO Jamie Dimon’s remarks at the Bernstein Strategic Decisions Conference. Dimon said capital markets are “gung-ho” and showed limited comfort about exuberance. He expects 2Q investment banking and securities trading revenue up 10% YoY, while annual expenses may near $106B, about $1B above prior guidance. He also indicated JPMorgan could deploy $10B–$20B on an acquisition in coming years.

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