Jp:9984 articles
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JP Morgan profit surges on higher rates and First Republic purchase
JP Morgan’s profit surged above expectations to $13.4bn in the first quarter of this year, up from $12.6bn a year earlier, thanks to higher interest rates and its takeover of First Republic. Revenue for the bank totalled $42.6bn, above expectations of $41.9bn, while earnings per share sat at $4.44, compared to estimates of $4.11. Significantly, []
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JP Morgan drops Apple target price over questions on when AI iPhone will launch
Investment firm JP Morgan predicts that Apple will introduce AI with the 2025 iPhone 17 Pro, and has dropped its current price target to $210 partly as a result. Apple CEO Tim Cook JP Morgan trimmed its Apple price target from $225 to $215 in February 2024, citing declining iPhone demand in China. Part of the new drop to $210, announced in a note seen by AppleInsider, is around the best time to get back into Apple stock ahead of the expected AI iPhone. The investment firm thinks that...
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JP Sears wins the day, Athletics win the series with 1-0 victory over World Series champion Rangers
ARLINGTON, Texas (AP) — JP Sears navigated through trouble and carried a no-hit bid into the seventh inning Thursday in the Oakland Athletics’ game against the World Series champion Texas Rangers. Sears faced nine batters with runners on base after issuing leadoff walks in the first, second and fifth innings. But the 28-year-old left-hander —