Jamie Dimon says he’s not going to talk about bitcoin anymore

Jamie Dimon says he's not going to talk about bitcoin anymore
JP Morgan Chase Donation $2 Million To Charlottesville Victim
Net income rose 7.1 percent to $6.73 billion, or $1.76 a share, from $6.29 billion, or $1.58 a year earlier. Adjusted earnings per share were $1.75, beating the $1.65 average estimate of 21 analysts surveyed by Bloomberg.

JPMorgan Chase Is On A Roll And The Party Isn't Over

Wall Street’s CEOs had previously warned analysts that trading was going to be down for the three months ending in September, as calm markets and stable interest rates suck out any reasons to buy or sell.

Upcoming Bank Earnings: JPMorgan Chase, Citigroup, Bank Of America And Wells Fargo Report This Week

1:38 PM ET Electronic component supplier Kemet saw its stock hit its fourth…

Citigroup CFO John Gerspach said Thursday that his firm is taking an “intense” look at cryptocurrencies and the blockchain technology that underlies them.We are considering your request and will contact you in due course. If you have any further queries, please contact:

While you were sleeping: JPMorgan Chase, Citigroup fall as banks kick off earnings

Net interest margin, the difference between what banks charge borrowers and pay depositors, climbed to 2.37 percent in the third quarter, according to a statement. That’s the highest since the first quarter of 2013. Interest income rose 10 percent to $13.1 billion. Total loans rose to $913.8 billion in the period, an increase of 0.5 percent from the second quarter and 2.9 percent from a year earlier.

On Thursday’s call, when asked about the topic again, Dimon laughed and said, “I am not going to talk about bitcoin anymore”.Recommended for you Flying Dutch win world solar car race in Australia October 12, 2017 Dominant Dutch team “Nuon” Thursday won an epic 3,000-kilometre (1,860-mile) solar car race across Australia’s outback for the third-straight year in an innovative contest showcasing new vehicle technology.JPMorgan’s consumer bank was the driver of this quarter’s growth, reporting a 16 percent rise in net income. The bank saw higher deposit and loan growth and higher revenue in its credit card division, which the bank has been expanding aggressively in the last year with a new high-end credit card known as Chase Sapphire Reserve. Charge-offs in that business have been creeping steadily higher for several quarters, however, and the bank had to set aside an additional $223 million to cover potential losses.UBS Group AG analysts said in a note to investors.

In JP Morgan's 3Q, consumer banking offsets drop in trading

JP Morgan Chase Donation $2 Million To Charlottesville Victim
JP Morgan Chase Donation $2 Million To Charlottesville Victim

In addition to calling bitcoin a fraud in September, Dimon said he would fire any traders at his bank who touched bitcoin.The exchange offers some unique services that others don’t. For example, the Eidoo wallet allows users to hold not only Bitcoin and Ethereum, but all ERC20 tokens, allowing its customers the ability to maintain their portfolios within a single application.The stock of Adecoagro SA (NYSE:AGRO) registered a decrease of 1.98% in short interest. AGRO’s total short interest was 401,900 shares in October as published by FINRA. Its down 1.98% from 410,000 shares, reported previously. With 676,000 shares average volume, it will take short sellers 1 days to cover their AGRO’s short positions. The short interest to Adecoagro SA’s float is 0.48%.

JPMorgan And Citi: 2 Peas In A Pod

Bank of America and Wells Fargo, which are both slated to report their latest earnings on Friday, fell 1.4% and 0.7% respectively.

JPMorgan Chase & Co. chief executive Jamie Dimon got the market’s attention by calling bitcoin a “fraud” last month, but he declined to discuss the topic on Thursday as his finance chief dialed back some of his earlier comments, Reuters reports.

J.P. Morgan Chase is testing several trading and investing platforms and will at some point be talking about "what might or might not work," he said.

Bitcoin Hits Record; JPMorgan 'Open Minded' To Regulated Digital Cash

In his letter to shareholders this year, Dimon listed self-directed investing and electronic trading among the fintech initiatives the bank planned to roll out in 2017.

JPMorgan open to digital money if regulated

Reports: China orders bitcoin exchanges to shut down September 14, 2017 Regulators have ordered Chinese bitcoin exchanges to close, two business newspapers reported Thursday, after uncertainty about the digital currency’s future in China caused its price to plunge.Please disable your ad blocker on CNBC and reload the page to start the video.
#Bitcoin ‘regret’ chart! USD 1000 invested in bitcoin on ‘bitcoin pizza day’, July 22nd 2010, would now be worth USD 100 million! pic.twitter.com/9jOre95S24

Results: EPS of $1.76 on revenue of $26.2 billion. Net interest income rose 10% to $13.1 billion. Overall trading revenue dropped 16% to $5.5 billion, with fixed income revenue down 27% and equity market revenue down 4%. Investment banking revenue fell 2%, while lending revenue rose 17%. Consumer and business banking revenue grew 15%.On Wednesday, Harvard economist and former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff stated that bitcoin is likely to collapse due to regulatory pressures, while its blockchain technology remains.

Core Banking Offsets Trading Dip at Citigroup, JPMorgan

Dimon is chairman of the Business Roundtable, a group of more than 200 chief executive officers of major U.S. companies, and has spoken strongly about the need for more business-friendly legislation in the United States.

JPMorgan's profit machine motors on even as trading tumbles

Bitcoin races past $5,000 to a new all-time high 740

JPMorgan CFO dials back Dimon's bitcoin criticism
JPMorgan CFO dials back Dimon's bitcoin criticism
width=”1″ height=”1″ alt=”” />*Real-time prices by Bats®. Volume delayed. Real-time quote and/or trade prices are not sourced from all markets.Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content.Overall, J.P. Morgan earned $6.7 billion, or $1.76 per share, in the third quarter, compared with earnings of $6.3 billion, or $1.58 per share, in the same quarter a year ago.

Jamie Dimon: I will hire more workers if Trump's tax reform passes

Explainer: Bitcoin’s possible financial panic July 14, 2017 Anyone holding the digital currency bitcoin could soon face some unsettling problems—up to and including financial losses, whipsawing prices and delays in processing payments.

On Thursday, bitcoin hit a new all-time high, breaching the $5,300 level. The digital currency was last seen trading at $5,365.00, up 11.19 % on the day. 
Morgan Stanley (MS) CEO James Gorman said at a Wall Street Journal event last month that digital currencies were “more than just a fad,” according to CNBC. Goldman Sachs (GS) CEO Lloyd Blankfein tweeted last week that he had yet to come to a conclusion on the currency.

Jamie Dimon Says He's Done Talking About Bitcoin

Upcoming Bank Earnings: JPMorgan Chase, Citigroup, Bank Of America And Wells Fargo Report This Week
Upcoming Bank Earnings: JPMorgan Chase, Citigroup, Bank Of America And Wells Fargo Report This Week
JPMorgan Chase traded 0.9% lower and Citigroup lost 3.4%, even as both banks beat analysts’ expectations.

Trading revenue tumbled 21 percent, steeper than the 20 percent forecast last month by Chief Executive Officer Jamie Dimon. Revenue from fixed-income trading slumped 27 percent, in line with analysts’ predictions. Equity-trading revenue slid 3.6 percent, missing estimates. Citigroup Inc. posted slightly stronger results Thursday, as bond-trading revenue dropped 16 percent to $2.88 billion and equities climbed 16 percent to $757 million.

Jamie Dimon: “I'm Not Going to Talk About Bitcoin Anymore”

The bank was able to grow loans across the board in its consumer business: credit cards, business loans, auto loans as well as mortgages. Along with the growth in loans, the bank benefited from a rise in interest rates. Net interest income rose to $16.68 billion in the quarter, up from $14.07 billion a year earlier. And the bank’s net interest margin, which measures a bank’s profitability by comparing how much it makes from lending money versus how much it costs to borrow, grew to 2.37 percent from 2.24 percent.

Bitcoin has again hit a new record-high valuation, tipping $5,200 (£3,900) despite experts continuing to express scepticism about the cryptocurrency’s popularity.

JPMorgan, Like Wall Street Rivals, Is `Open Minded' on Bitcoin

The value of the cryptocurrency has recovered since September when a crackdown in China, prompted by fears of fraud connected to similar technologies, caused it to crash below $3,000.Dimon’s statement comes after he called bitcoin a “fraud” last month, triggering a major reaction on the markets. 

Bank stocks have rebounded since last month, though weak trading, political uncertainty and a series of recent natural disasters are factors impacting this group. (Isabelle OHara/Shutterstock)

Jamie Dimon Doesn't Want to Talk About Bitcoin Anymore

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Undoubtedly, the Eidoo ad will generate huge commentary among crypto enthusiasts. However, the move highlights the company’s willingness to think outside the box. A recent statistic shows that the exchange’s app has been downloaded more than 50,000 times in the last week alone. Apparently thinking outside the box is appealing to consumers.

Adecoagro S.A. is a holding company

American workers will be the real beneficiaries of corporate tax reform.

Here’s what investors got out of the first day of results.which released: “Weak Commodity Prices Distract From Adecoagro’s Positives” on September 26, 2017, also Prnewswire.com with their article: “Adecoagro prices international 144A/REG S offering of its 6.000% Senior Notes …” published on September 15, 2017, Nasdaq.com published: “George Soros Buys Altaba Inc, EQT Corp, Viavi Solutions Inc, Sells Adecoagro …” on September 19, 2017. More interesting news about Adecoagro SA (NYSE:AGRO) were released by: Reuters.com and their article: “Adecoagro spies opportunity in US-Mexico trade tensions” published on October 09, 2017 as well as Prnewswire.com‘s news article titled: “Adecoagro Enhances Capital Structure And Improves Long Term Financial Flexibility” with publication date: September 25, 2017.

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