JPMorgan CIO on the Global Bank's AI Approach: Tech Disruptors
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Bloomberg
2 hours ago
- Bloomberg
Jefferies Is Said to Tap JPMorgan's Melly as APAC Head of Financial Institutions Group
Jefferies Financial Group Inc. has hired Michael Melly from JPMorgan Chase & Co. as Asia-Pacific head of its financial institutions group investment banking franchise, according to people familiar with the matter. Melly will lead work on transactions involving banks, insurers, asset managers and other clients in the region, the people said, asking not to be identified because the information is private. He will continue to be based in Hong Kong and is due to start his new role as soon as later this year, the people said.
Yahoo
10 hours ago
- Yahoo
Americans are hoarding more cash, but not in checking or savings. Here are the accounts rewarding savers today
Consumer spending remains strong in the U.S., even as inflation holds at 2.7% and checking and savings balances decline. So, where's the money coming from? New research from JPMorgan Chase's Household Finances Pulse analysis may offer an answer. Analyzing data from 4.7 million households, the study found that while traditional bank balances have stagnated, total cash reserves — including money market funds, brokerage accounts, and certificates of deposit (CDs) — are growing 3% to 5% annually in 2025. The biggest gains are among lower-income households, with those in the lowest income quartile seeing 5% to 6% growth in total cash reserves. This shift toward higher-yield accounts may help explain why consumer spending remains resilient, despite economic headwinds. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Where are Americans putting their money? Instead of parking funds in checking or standard savings accounts, many households are turning to investment-style options with higher returns. If you're considering a similar move, here are a few of the most popular alternatives: High-yield savings accounts (HYSAs): These work like traditional savings accounts but offer higher interest rates — often between 4% and 5% APY as of mid-2025 — often offered by online banks with lower overhead. Certificates of deposit (CDs): CDs lock your money in for a fixed term in exchange for a guaranteed return. Rates vary by term but can exceed 4% for longer durations. Money market accounts (MMAs): Offered by banks, MMAs combine savings features with limited check-writing abilities, FDIC insurance, and competitive yields — though often slightly below HYSAs. Money market funds (MMFs): These are investment products, not bank accounts. While not FDIC-insured, they invest in low-risk, short-term securities and are considered a stable alternative to cash. Brokerage accounts: These accounts allow you to invest in stocks, ETFs, and mutual funds. While more volatile, they offer higher long-term growth potential. Retirement accounts (401(k)s, IRAs): Though designed for long-term saving, increased contributions to these tax-advantaged accounts suggest many households are focused on future financial security. Read more: Nervous about the stock market? Gain potential quarterly income through this $1B private real estate fund — even if you're not a millionaire. What to consider when choosing an investment vehicle While chasing higher yields can make sense, it's important to weigh your financial goals, risk tolerance, and liquidity needs before making a move. Here are a few factors to keep in mind if you're considering moving money to an investment account: Purpose of the funds: Are you saving for an emergency, a home, or retirement? Liquid needs (like an emergency fund) should stay in accessible, low-risk accounts like a HYSA or MMA. Funds you won't need for a year or more could go into CDs, while longer-term goals (more than five years) may be better suited for brokerage accounts invested in stocks or bonds. Risk tolerance: Investments like stocks carry market risk. You risk losing value if you're forced to sell during a downturn. If protecting your principal is top priority, consider lower-risk options like CDs or MMFs, keeping in mind that MMFs are not FDIC-insured. Liquidity needs: Some products, like CDs, charge penalties for early withdrawals. If you might need quick access to your funds, choose options that keep your money available. A CD ladder — holding multiple CDs with staggered maturity dates — can help balance yield and liquidity. Americans continue to adapt to economic pressures. While inflation still erodes purchasing power, the rising use of high-yield financial tools may be helping households preserve — and even grow — their cash reserves. Whether this marks a long-term shift in consumer behavior remains to be seen. For now, it remains a quiet force helping to keep the economy afloat. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
Yahoo
2 days ago
- Yahoo
If You'd Invested $1,000 in BAC 5 Years Ago, Here's How Much You'd Have Today
Key Points The ubiquitous lender has delivered reliably for shareholders over the years. In many ways, it's a proxy for the broader domestic economy it lends to. 10 stocks we like better than Bank of America › Throughout this country, Bank of America (NYSE: BAC) branches are as common a sight as outlets of your favorite coffee chain or supermarket. The lender is one of the "Big Four" U.S. banks, alongside JPMorgan Chase, Wells Fargo, and Citigroup. As such, it's an important mover of the domestic economy. Does it belong in your portfolio, however? Let's take a look at how the stock has performed over time, and how attractive it is as an investment. Lending to America Since Bank of America is something of a proxy for our economy, its performance over the past five years is in line with that classic proxy for the stock market, the S&P 500 index. A $1,000 investment in the bank made five years ago would have resulted in a total return (i.e., share-price appreciation plus dividends) of $2,010 today, not too far south from the $2,160 under the same conditions for the index. That's an accomplishment because banking is a tricky business that's full of risk. After all, lending to a person or institution money, now and forever the main activity of banks, is always a bit of a gamble. It isn't easy to grow core fundamentals and land well in the black quarter after quarter, year after year. This bank is to be commended for regularly posting growth in key metrics. In its most recently reported quarter, for instance, the lender grew its revenue, net of interest expense, by 4% year over year, to $26.5 billion, and headline net income by 3% to $7.1 billion. Comforting and reliable Bank of America isn't the most dynamic bank among the Big Four -- that honor belongs to JPMorgan Chase -- nor is it the one that's changing most dramatically for the better (wave to the people, Wells Fargo). Yet it's steady and reliable and constantly delivers for its shareholders. Its stock is a solid investment with more growth potential, as long as the economic cycle is in its favor. Should you invest $1,000 in Bank of America right now? Before you buy stock in Bank of America, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bank of America wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,113,059!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Bank of America is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool has a disclosure policy. If You'd Invested $1,000 in BAC 5 Years Ago, Here's How Much You'd Have Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
