Fueled by the global boom in artificial intelligence stocks, relaxed capital rules and greater lending to hedge funds, big Wall Street banks have already had a banner year for equities trading — even with one quarter left to go.
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JPMorgan Chase won't allow outside artificial intelligence agents to access customer accounts and operate on their behalf, CEO Jamie Dimon said Tuesday, citing risks to the company and its customers as tech firms including Meta release autonomous assistants.
Heading into 2026, investors were excited at the prospect of a host of new initial public offerings, including ones from mega-cap private companies like SpaceX, Anthropic and OpenAI.
JPMorgan Chase has made $5 billion in startup investments in the first year of its U.S. security and resiliency initiative, the company said Monday, a faster-than-expected pace that indicates the bank is finding plentiful opportunities in emerging defense, manufacturing and supply chain firms.
Investors may want to rethink their bond allocation and opt for managed futures exposure.
Bank of America on Wednesday posted a sharp profit decline after being hit with a $1.2 billion penalty by U.S. regulators, while revenue also disappointed after trading operations generated about $750 million less than expected.
Harvard University's endowment grew 27.1% in fiscal year 2026, its strongest return in five years, the school said in its annual financial report released on Thursday.
Morgan Stanley posted third-quarter results that beat expectations on blockbuster results in its equities trading franchise.
Bank of America has hired an army of external contractors to help it patch software vulnerabilities exposed by advanced artificial intelligence models including Anthropic's Mythos, the bank's CEO, Brian Moynihan, told CNBC on Wednesday.
New York Federal Reserve President John Williams said Tuesday that he doesn't see additional rate hikes in 2027 after one more increase this year.