Real estate investment firm Canyon Partners and J.P. Morgan have jointly approved a $74.7 million construction loan to fund a rental townhome development in Riverside, California.
The United States is preparing to announce a new round of significant economic sanctions against Iran, described as an 'economic D-Day,' which will also target Iran's trade partners, including China. Treasury Secretary Bessent is expected to detail these measures aimed at further isolating Iran.
Grace Peters, Chief Strategist at J.P. Morgan, has identified three key themes that the bank believes will form the foundation of a new investment era.
JPMorgan strategists have raised their S&P 500 target for the end of 2026 to 8,000, citing strong earnings and the positive impact of AI capital expenditure. This marks an increased expectation for the stock market's performance.
J.P. Morgan analysts have highlighted two specific initial public offering (IPO) stocks that they believe are currently undervalued and could experience a rebound.
Morgan Stanley upgraded Rocket Companies to a Buy-equivalent rating, citing several positive factors. Separately, J.P. Morgan also upgraded BlackRock to a Buy-equivalent after its second-quarter earnings report.
J.P. Morgan has described a potential merger between Elon Musk's SpaceX and Tesla as "strategically coherent," indicating a positive view on the hypothetical combination of the two companies.
This article recounts how legendary financier J.P. Morgan gathered financial titans in his library and held them until they devised a solution to the severe financial crisis of 1907.
J.P. Morgan's global investment strategies, particularly through ETFs, are now accessible to Croatian investors for long-term goals such as real estate, education, and retirement.
Full Truck Alliance saw its stock gain after J.P. Morgan upgraded the company's rating to overweight, signaling positive sentiment from the investment bank.
J.P. Morgan strategists have increased their year-end S&P 500 forecast to 7,800, citing underestimation of earnings growth, but also cautioned about the persistent risk of a 'flash crash'.
Bulgarian Minister of Economy, Alexander Pulev, presented plans for key infrastructure projects and upcoming legislative reforms for public-private partnerships to representatives of the American bank J.P. Morgan.
J.P. Morgan analysts suggest that optical stocks Coherent and Lumentum have become more attractive, citing that investor fears about co-packaged optics adoption appear overblown.
JPMorgan upgraded Chipotle Mexican Grill to 'Overweight,' citing the company's valuation and risk/reward profile as a buying opportunity, suggesting the stock is on track to reverse previous losses.
J.P. Morgan has upgraded Ameren's stock rating, attributing the positive outlook to the company's data center growth and a favorable regulatory environment.
J.P. Morgan's retail bank, Chase, has officially launched in Germany, introducing a new digital savings account. This move intensifies competition among banks vying for German savers.
JPMorgan, Mastercard, and Ripple, along with Ondo and Kinexys, have collaborated to enable 24/7 operations for tokenized US treasuries. This development allows for rapid settlement of tokenized US treasuries on the XRP Ledger, reportedly in just five seconds.
Multiple iShares iBonds Term High Yield and Income ETFs, alongside several iShares iBonds Dec Term Corporate ETFs, have declared their latest monthly distributions. These announcements cover a range of maturity years for various bond funds.
The IOC is gaining a new advertising partner for future campaigns. The collaboration is intended to strengthen global sports events. It is the first major deal for IOC President Coventry.
Seagate Technology has been placed on J.P. Morgan's 'Positive Catalyst Watch' list, attributed to the robust performance and strength of the hard disk drive (HDD) market.
Just because the U.S. is a net exporter of certain fuels doesn’t mean its economy won’t feel some serious blowback from higher global energy costs driven by the conflict in Iran.
J.P. Morgan analysts suggest that small- and mid-cap industrial stocks are entering a 'next wave' for rebalancing, indicating potential shifts in investment strategies for the sector.
J.P. Morgan has issued a warning that Gen Z investors, who plan to significantly enter markets by 2026, are "at risk" due to their reliance on financial influencers for investment advice.
CSX's Senior Vice President and Chief Commercial Officer is scheduled to speak at the upcoming J.P. Morgan Industrials Conference, likely discussing company strategy and industry outlook.
Panics, Politics, & Power: America's 3 Experiments With Central Banks
Authored by Andrew Moran via The Epoch Times,
The Federal Reserve, established more than a century ago, is the United States’ third experiment with central banking.
For much of its existence, the institution maintained a low public profile.
Only after the 2008 global financial crisis did the Fed begin communicating more openly, introducing post-meeting press conferences and allowing monetary policymakers to engage more frequently with the media.
Greater transparency, however, has brought greater scrutiny.
Public sentiment toward the Fed and its leadership has fluctuated over the years. Today, YouGov polling suggests the central bank is viewed favorably by 44 percent of Americans and unfavorably by 18 percent.
If the Fed pursues a series of reforms, it will have “another great 100 years,” said Kevin Warsh, who was nominated by President Donald Trump to serve as the institution’s next chair.
Comparable to past central banks, Warsh said, the current Federal Reserve System is beginning to lose the consent of the governed.
“You can think about the Jacksonians of prior times say that the central bank seems like they’re trying to focus and they’re all preoccupied with those special interests on the East Coast, and they’ve lost track of what’s happening to us in the center of the country,” Warsh said in a July 2025 interview with the Hoover Institution’s Peter Robinson.
“It’s a version of what worries me today.”
What happened in the past, and why is it relevant to today’s central bank?
The First Bank of the United States
In the aftermath of the American Revolution, the United States faced a series of immense economic disruptions, forcing the nation’s architects to rebuild the economy.
The objective was to lower inflation, restore the value of the nation’s currency, repay war debt, and revive the economy.
Alexander Hamilton, the first secretary of the Treasury under the new Constitution, proposed establishing a national bank modeled on the Bank of England. Hamilton stated that a U.S. version would perform various duties, including issuing paper money, serving as the government’s fiscal agent, and protecting public funds.
Not everyone shared Hamilton’s ebullience over a central bank.
Thomas Jefferson, for example, feared that such an institution would not serve the nation’s best interests. Additionally, Jefferson and other critics argued that the Constitution did not grant the government the authority to create these entities.
Nevertheless, Congress enacted legislation to establish the Bank of the United States. President George Washington then signed the bill in February 1791.
Two of America's founding fathers: Thomas Jefferson (L) and Alexander Hamilton. The White House
While bank officials did not conduct monetary policy as modern central banks do, they did influence the supply of money and credit, as well as interest rates.
The entity managed the money supply by controlling when to redeem or retain state‑bank notes. If it sought to tighten credit, it would require payment in gold or silver, thereby draining state banks’ reserves and limiting their ability to issue new notes. If it wanted to expand credit, it simply held on to those notes, boosting state‑bank reserves and enabling them to lend more.
By 1811, the national bank’s charter expired.
While there had been discussions of allowing it to continue maintaining operations, Congress—both chambers—voted against renewing its mandate by a single vote.
Its closure came shortly before the War of 1812, which fueled inflation and weakened the currency.
Second Bank of the United States
Lawmakers believed another central bank was critical at a time of fiscal, inflationary, and trade pressures.
Congress used a similar 20-year model to produce the Second Bank of the United States, headed by Nicholas Biddle. The second incarnation had a federal charter, was privately owned, and was tasked with regulating state banks (with gold and silver for note redemption).
President James Madison, who opposed the first central bank on constitutional grounds, supported the new institution out of financial necessity.
Its creation stabilized credit and brought down inflation. However, by the 1830s, the bank faced strong opposition, particularly from President Andrew Jackson.
Labeled the Bank War, Jackson engaged in a years-long initiative to dissolve the central bank.
Jackson claimed the national bank was a tool for the wealthy eastern elite and a threat to self-government.
“The Jacksonians described themselves as conscious hard-money men who supported the rigid discipline of the gold standard, yet they opposed the newly powerful national Bank because it restrained the expansion of credit and, thus, thwarted robust economic expansion,” author William Greider wrote in “Secrets of the Temple.”
In 1832, Jackson vetoed legislation to recharter the bank four years early, delivering a fiery message that historians say was one of the most important vetoes in the nation’s history.
“It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government,” Jackson wrote.
“There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me, there seems to be a wide and unnecessary departure from these just principles.”
The charter expired in 1836, leading to the panic of 1837.
An economic crisis unfolded, leading to bank failures, business bankruptcies, rising unemployment, and contracting credit. While the collapse of the central bank is often considered a leading cause, the British also urged London banks to reduce credit to American merchants, causing a sharp drop in global trade.
As the smoke cleared and dust settled, it was not until the 1840s that the United States embarked on a historic economic recovery, now known as the Free Banking Era.
Banking was decentralized, and finance was largely unregulated. Despite an erratic financial system, the U.S. economy grew rapidly: agricultural production accelerated, railroads were built, and the country expanded westward. Additionally, deflation was paramount throughout most of the economic expansion.
The Federal Reserve System
The panic of 1907 led to the creation of the Federal Reserve System.
Following years of heavy borrowing, speculative commodities investments (mainly copper), and enormous stock market gains, a financial crisis was brewing. The event nearly brought down the U.S. banking system.
J.P. Morgan, a financier, intervened and emulated the actions of modern central banks. He met with the nation’s top bankers, facilitated emergency loans to financial institutions, and backed stockbrokers. The damage had been done as the United States fell into a year-long recession, marked by high unemployment and widespread bank failures.
The Federal Reserve Board of Governors seal in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times
Washington realized that it could not rely on private bailouts to prevent sharp downturns.
Sen. Nelson Aldrich (R-R.I.) is widely regarded as one of the chief architects of the modern Federal Reserve System.
In 1910, Aldrich hosted the famous Jekyll Island meetings, a gathering of U.S. officials and bankers, to discuss the blueprint of a new central bank.
While the initial draft laid the foundation for the institution, the official Federal Reserve Act was drafted by President Woodrow Wilson, Rep. Carter Glass (D-Va.), and H. Parker Willis, an economist on the House Banking Committee.
The new system was a public-private hybrid, with the federal government firmly in charge, and bankers running the regional reserve banks.
“It was Wilson’s great compromise,” wrote Greider, “creating a hybrid institution that mixed private and public control, an approach without precedent at the time.”
The legislation triggered a contentious political debate over the extent of its independence from the Treasury and the degree of authority delegated to policymakers over currency issuance.
Days before Christmas, the bill cleared both chambers and was signed into law by Wilson on Dec. 23.
“Wilson’s conviction that he had struck the right moderate balance seemed confirmed, however, by the reactions to his legislation,” Greider noted.
“It was attacked by both extremes—the ‘radicals’ from the Populist states and the bankers in Wall Street and elsewhere.”
Since its inception in 1913, the modern Federal Reserve has undergone numerous changes and has gained greater power.
The New Deal, for instance, allowed the Fed to become the lender of last resort as Washington learned the central bank could not prevent bank failures.
In 1951, the Treasury-Fed Accord restored central bank independence after the Federal Reserve had been forced to keep interest rates artificially low throughout the Second World War.
Congress then enacted the Federal Reserve Reform Act in 1977, establishing the dual mandate of promoting maximum employment and maintaining price stability.
2026 and Beyond
Over the past 50 years, the Fed has undergone modest changes, including the issuance of forward guidance and the disclosure of emergency lending facilities.
But while each new regime has nibbled around the edges, Warsh has suggested he could effect substantial reforms at the central bank.
“Until there’s regime change at the Fed and new people running the Fed, a new operating framework, they’re stuck with their old mistakes,” Warsh told Fox Business Network in October 2025.
“Bygones aren’t just bygones.”
Tyler Durden
Wed, 02/18/2026 - 16:20
J.P. Morgan Research suggests that a 'broken logic' is driving the current sell-off in software stocks, implying that market valuations may not align with underlying fundamentals.
J.P. Morgan has filed a motion for contempt against a former financial advisor, alleging violations of a temporary restraining order intended to protect confidential information and client assets.
Salesforce's stock has seen a boost after J.P. Morgan upgraded its rating to Overweight, stating that fears regarding AI's impact on the company are overblown. This positive outlook has influenced investor confidence.
As the Federal Reserve's July monetary policy meeting approaches, discussions focus on the Fed's 'no tolerance' for inflation and its charting of a 'new course' on monetary policy, with J.P. Morgan analysts expecting rates to hold steady through 2026.
The oil market is experiencing a supply crunch, exacerbated by constraints on Russia's refining system and ongoing geopolitical tensions, including the war in Iran, according to strategists at J.P. Morgan.
J.P. Morgan has initiated coverage of Honeywell Aerospace with a 'Neutral' rating, noting the aerospace and defense supplier is currently 'in transition'.
J.P. Morgan's chief strategist believes that a peace agreement in the Middle East could positively impact European stock markets, offering an optimistic outlook despite differing opinions.
Three specific sectors have been identified where wage growth is currently outpacing inflation, indicating strong economic performance in these areas. J.P. Morgan has also named stock sectors poised for significant growth.
J.P. Morgan has concluded its bearish stance on Tesla, which had previously predicted a significant stock drop, following a new analyst taking over coverage with a more optimistic view.
The J.P. Morgan Chase Corporate Challenge, celebrating its 50th edition, is highlighted as a significant event for team building, particularly in Frankfurt where it sees its largest participation.
J.P. Morgan upgraded Cheesecake Factory's stock, citing the restaurant chain's ability to cater to a diverse customer base, including those using weight-loss drugs (GLP-1 users), amidst a cautious consumer environment.
J.P. Morgan's blockchain unit, Kinexys, in collaboration with Mastercard, Ripple, and Ondo Finance, successfully completed the first near-real-time, cross-border, and cross-bank redemption of a tokenized U.S. Treasury fund.
J.P. Morgan has increased its year-end target for the S&P 500 index to 7,600, attributing the upward revision to strong earnings driven by artificial intelligence.
Iran has rejected a US ceasefire proposal and dismissed claims of ongoing negotiations, dampening hopes for de-escalation, though markets like the S&P 500 still reacted positively to initial hopes for peace talks, with oil prices falling.
Ecolab received an upgrade from J.P. Morgan, with the firm citing the company's pricing power and its strategic shift towards higher-growth businesses.
ArcelorMittal's stock fell significantly after J.P. Morgan double downgraded the steel giant to a Sell equivalent, indicating concerns about its future performance.
J.P. Morgan analysts upgraded their price target for Novo Nordisk, citing robust sales performance and market demand for its blockbuster weight-loss and diabetes drugs, Ozempic and Wegovy.
J.P. Morgan has adopted a cautious stance on Rockwool, citing concerns that increased capital expenditure (capex) is negatively impacting the company's cash flow. This assessment suggests potential financial pressures for the building materials manufacturer.
J.P. Morgan has initiated an 'Overweight' rating for WaterBridge Infrastructure and Nuvation, citing Nuvation's lead drug launch trajectory as a key factor.
J.P. Morgan states that the recent 25%-30% correction in Asian tech stocks and the Philadelphia Semiconductor Index has not derailed the AI investment cycle, which began in late 2022.
J.P. Morgan has initiated coverage of BWX Technologies with an "Overweight" rating, anticipating the company is well-positioned to benefit from several significant market trends.
J.P. Morgan suggests that the world is nearing the end of the demographic dividend that has sustained low interest rates for the past four decades, indicating a shift in global economic factors.
J.P. Morgan has upgraded Arbor while downgrading AGNC and KREF, among other large-cap stocks, ahead of their second-quarter earnings reports. Several large-cap stocks are also entering the Q2 earnings season with 'Sell' ratings from analysts.
J.P. Morgan analysts have noted encouraging signs in Bitcoin futures, even as the cryptocurrency experiences outflows from exchange-traded funds (ETFs).
Burkett Financial has significantly increased its investment in J.P. Morgan's JEMA ETF with a $20.8 million purchase. This move by the financial firm is analyzed for its potential implications for investors.
Kratos Defense & Security Solutions has received an upgrade from J.P. Morgan, which now considers the defense stock attractive following a significant sell-off of over 50% in the past five months.
An economic historian, who has taught at Oxford and Cambridge and collaborates with the BBC, argues that for every prominent male figure like J.P. Morgan or Henry Ford, there was an equivalent woman.
J.P. Morgan analysts have issued bullish outlooks for Dell and Hewlett Packard Enterprise, anticipating strong performance ahead of their upcoming earnings reports.
J.P. Morgan has highlighted two specific stocks that offer direct exposure to the artificial intelligence sector, which is currently a major driver of market activity.
J.P. Morgan strategists warn that the oil market's buffer against Middle East export disruptions could buckle by early June if the conflict, referred to as the 'Iran war,' continues.
J.P. Morgan and Bloomberg have announced the inclusion of Saudi government sukuk (Islamic bonds) in their emerging market bond indices, a move expected to attract more international investment.
J.P. Morgan has started coverage of MDU Resources with a Neutral rating, noting that the company's premium valuation currently offsets its pipeline upside.
Major investment banks J.P. Morgan and Morgan Stanley are recommending investors 'buy the dip' as US corporate earnings continue to show resilience, suggesting a positive outlook despite market fluctuations.
A J.P. Morgan analyst has issued a bearish outlook for Tesla, projecting a potential 60% downside for its stock, suggesting a cautious view on the electric vehicle manufacturer's future performance.
J.P. Morgan has forecasted that there will be no interest rate cuts in 2026, providing an analysis of the potential winners, losers, and the impact on the U.S. dollar.
Iranian nuclear facilities were attacked, with Israel claiming responsibility just hours after threatening to escalate military operations against Iran. Israeli forces confirmed bombing Iran's Arak heavy-water reactor, targeting key infrastructure for plutonium production, following earlier reports of US and Israeli strikes on facilities in Arak and Ardakan.
Analysts continue to see value in Rivian stock, with companies like Uber and Volkswagen showing interest, while J.P. Morgan has adjusted its outlook following a recent Uber deal.
Experts from J.P. Morgan, Morgan Stanley, and Barclays predict the European Central Bank will begin raising interest rates as early as April or in 2026, in response to inflationary pressures.
J.P. Morgan has reiterated its $20 target for Riot Platforms, a Bitcoin mining company, acknowledging its pivot towards AI despite increasing mining costs.
J.P. Morgan analysts suggest that emerging markets and value stocks may continue to outperform, indicating further room for growth in these investment categories.
J.P. Morgan analysts have highlighted stocks like CrowdStrike, C.H. Robinson, and Compass as attractive investment opportunities that have been unfairly impacted by fears of AI disruption, suggesting they can withstand the technological shift.