fatido JPMorgan Chase's ( JPM ) prime brokerage business is seeing balances jump to a record as clients seek to profit from recent market volatility, according to a media report on Tuesday. Claudia Jury and Scott Hamilton, co-heads of sales and research at JPMorgan ( JPM ), told Bloomberg News that the bank's clients are bullish overall and have wound down some hedges they made in the early weeks ...
fatido JPMorgan Chase's ( JPM ) prime brokerage business is seeing balances jump to a record as clients seek to profit from recent market volatility, according to a media report on Tuesday. Claudia Jury and Scott Hamilton, co-heads of sales and research at JPMorgan ( JPM ), told Bloomberg News that the bank's clients are bullish overall and have wound down some hedges they made in the early weeks of the Iran war. They're now focusing on U.S. corporate earnings, they said. "Clients are actively trading, and they are adding risk," Jury said. "People are trying to take advantage of some of this volatility despite the uncertainty in some of the geopolitical narratives that we have at the moment." Even with the Iran conflict adding to geopolitical uncertainty, "it's been a booming quarter," Matthieu Wiltz, JPMorgan's co-CEO for Europe, the Middle East, and Africa, said in an interview on Bloomberg TV. "It’s interesting to see that for, I think, the first time, we have such a big conflict with limited impact on the market." Clients' top concerns center on supply chains, commodities, and Middle East tensions, Hamilton said. The volatility has fueled activity for banks' prime brokerage units, which lend cash and securities to hedge funds to facilitate their trades. That has Wall Street trading desk activity surging, as Trump administration policy shifts triggered dramatic swings in commodities, equities, and rates markets. JPMorgan Chase ( JPM ) stock slipped 0.3% in late morning trading on Tuesday. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on JPMorgan Chase JPMorgan Preferreds Pair Trade Idea JPMorgan Q1: The Banking Giant Still Offers Relative Safety And Potential Long-Term Returns JPMorgan Chase: The Warning May Be More Important Than The Earnings JPMorgan cautions staff on use of prediction markets, warns against insider trading - report Tha...
Quantum Computing (NASDAQ: QUBT) stock soared 19.2% through 10:55 a.m. ET Tuesday after exceeding expectations for Q1 earnings last night. Heading into the report, analysts forecast the eponymous quantum computing stock would lose $0.04 per share on sales of $2.8 million. In fact, Quantum Computing lost only $0.02 per share and reported quarterly sales of $3.7 million. Image source: Getty Images. ...
Quantum Computing (NASDAQ: QUBT) stock soared 19.2% through 10:55 a.m. ET Tuesday after exceeding expectations for Q1 earnings last night. Heading into the report, analysts forecast the eponymous quantum computing stock would lose $0.04 per share on sales of $2.8 million. In fact, Quantum Computing lost only $0.02 per share and reported quarterly sales of $3.7 million. Image source: Getty Images. Continue reading
Earnings Call Insights: NeuroOne Medical Technologies Corporation (NMTC) Q2 fiscal 2026 Management View “Product revenue for the OneRF brain ablation system in the second quarter of fiscal 2026 grew 72% year-over-year to $2.4 million compared to $1.4 million in the second quarter of fiscal 2025,” said CEO David Rosa, adding, “Through our partnership with Zimmer Biomet, our goal is to expand this t...
Earnings Call Insights: NeuroOne Medical Technologies Corporation (NMTC) Q2 fiscal 2026 Management View “Product revenue for the OneRF brain ablation system in the second quarter of fiscal 2026 grew 72% year-over-year to $2.4 million compared to $1.4 million in the second quarter of fiscal 2025,” said CEO David Rosa, adding, “Through our partnership with Zimmer Biomet, our goal is to expand this therapy into new centers.” Rosa highlighted capital markets and ownership updates, saying, “We regained compliance with NASDAQ's minimum bid price requirement following a 1-for-6 reverse split of our common stock,” and “a new high net worth investor acquired approximately 7.4% of our outstanding common stock in the open market.” On international expansion readiness, Rosa said, “We completed the Stage 2 audit of our Minnesota facility for ISO 13485 certification and remain bullish on certification in the latter part of 2026, which is a key step in the process of enabling international distribution of our products.” On trigeminal neuralgia, Rosa said, “To date, we have successfully completed 16 cases using the ablation system for the treatment of facial pain known as trigeminal neuralgia, with all patients reportedly pain-free after the procedure,” and reiterated the positioning versus traditional approaches: “unlike traditional ablation systems, our product is intended to be placed once.” On the drug delivery program, Rosa said, “we remain on track for commercial availability of the system in the second half of fiscal 2026 for use in investigational clinical studies or animal studies,” and “we are currently evaluating distributors for commercialization of the product,” alongside “a collaboration with the Department of Neurology's Division of Epilepsy at the University of Minnesota Medical School.” Management changes were a central update, with Rosa stating, “we appointed David Wambeke as Chief Business Officer,” and “Ron McClurg… will retire as CFO effective June 30, 2026… Ef...
Earnings Call Insights: Life360 (LIF) Q1 2026 Management View CEO Lauren Antonoff framed Q1 around accelerating monetization and a newly scaled ads business, saying, "This trust and value translated into outstanding Q1 revenue growth of 38% to $143 million" (CEO & Director Lauren Antonoff). She also highlighted subscriber momentum: "We delivered the most quarterly subscription net ads ever, bringi...
Earnings Call Insights: Life360 (LIF) Q1 2026 Management View CEO Lauren Antonoff framed Q1 around accelerating monetization and a newly scaled ads business, saying, "This trust and value translated into outstanding Q1 revenue growth of 38% to $143 million" (CEO & Director Lauren Antonoff). She also highlighted subscriber momentum: "We delivered the most quarterly subscription net ads ever, bringing us to 3 million paying circles" (CEO & Director Antonoff). Antonoff said MAU growth was pressured by funnel issues, stating, "Q1 mile growth came in at 17% year-over-year... below where we plan to be due to a series of technical issues that temporarily suppress registration volume" (CEO & Director Antonoff). She added that the company "expect[s] to be back on our planned glide slope by Q3" and updated the annual expectation: "between 17% and 20% for the year" (CEO & Director Antonoff). On advertising, Antonoff said the Nativo acquisition pushed the business to scale: "We broke out advertising revenue for the first time with nearly $20 million in Q1, and we expect a steep ramp over the next few quarters as we enter peak advertising season" (CEO & Director Antonoff). She also said integration expands reach "across over 20,000 publisher sites in Connected TV" and extends U.S. ad-eligible coverage "to over 95%" (CEO & Director Antonoff). CFO Russell Burke emphasized record revenue and mix shifts: "Total revenue grew 38% to a record $143.1 million" and "Advertising revenue was $19.7 million, up 329%, boosted by the Nativo acquisition" (Chief Financial Officer Russell Burke). He also disclosed profitability and cash generation: "GAAP net income was $2.8 million with basic and diluted EPS at $0.03" and "Operating cash flow was $17.2 million, positive for the 12th consecutive quarter" (CFO Burke). Outlook Full-year revenue guidance was raised to "$650 million to $685 million" from "$640 million to $680 million," which Burke attributed to subscriptions, guided to "$470 million to...
Earnings Call Insights: Alico, Inc. (ALCO) Q2 fiscal 2026 Management View John Kiernan (President, CEO & Director) said the quarter reflected continued execution, citing “net income of $11.4 million, adjusted EBITDA of $16.9 million and cash of $52.9 million at quarter end,” and added that the cash position “extended our financial runway through fiscal '28.” John Kiernan (President, CEO & Director...
Earnings Call Insights: Alico, Inc. (ALCO) Q2 fiscal 2026 Management View John Kiernan (President, CEO & Director) said the quarter reflected continued execution, citing “net income of $11.4 million, adjusted EBITDA of $16.9 million and cash of $52.9 million at quarter end,” and added that the cash position “extended our financial runway through fiscal '28.” John Kiernan (President, CEO & Director) highlighted monetization and capital returns, including “a $26.9 million land sale in January” covering “approximately 2,950 acres,” and said Alico deployed “$10 million through our 10b5-1 share repurchase program, acquiring 245,399 shares through April.” John Kiernan (President, CEO & Director) framed Collier County’s decision as the key near-term catalyst: “in late April, we received unanimous approval from the Collier County Board of Commissioners for Corkscrew Grove East Village,” describing an approval covering “1,446 acres” with authorization for “up to 4,502 dwelling units” and “approximately 238,000 square feet of neighborhood scaled retail and office space.” Bradley Heine (Chief Financial Officer & Accounting Officer) emphasized the operating shift away from citrus and the impact on profitability: “Our net income attributable to Alico common stockholders for the 3 months ended March 31, 2026, was $11.4 million or $1.49 per diluted share,” and said the change “was principally driven by the wind-down of our citrus operations and the $26.9 million land sale we closed in January.” Outlook Bradley Heine (Chief Financial Officer & Accounting Officer) reiterated full-year profitability expectations and updated balance sheet targets: “We are maintaining our 2026 guidance for adjusted EBITDA of approximately $14 million, and we are updating our year-end cash guidance to approximately $40 million and net debt guidance to approximately $45 million, reflecting the $10 million share repurchase program completed through April 2026.” John Kiernan (President, CEO & Director) kep...
The two companies will trade the greater Chinese and US rights to certain programmes under their jurisdiction, while working in tandem to progress these assets.
The two companies will trade the greater Chinese and US rights to certain programmes under their jurisdiction, while working in tandem to progress these assets.
Kennedy Wilson ( KW ) said on Tuesday it had initiated a private offering of $1.8B aggregate principal amount of senior notes due 2031 and 2033. Proceeds from the offering would be used to redeem existing 4.750% senior notes due in 2029 and 2030, subject to completion of the merger. The company added that remaining proceeds could be used to repurchase 5% notes due in 2031, repay borrowings under i...
Kennedy Wilson ( KW ) said on Tuesday it had initiated a private offering of $1.8B aggregate principal amount of senior notes due 2031 and 2033. Proceeds from the offering would be used to redeem existing 4.750% senior notes due in 2029 and 2030, subject to completion of the merger. The company added that remaining proceeds could be used to repurchase 5% notes due in 2031, repay borrowings under its unsecured credit facility, and fund general corporate purposes. Kennedy Wilson had entered into a merger agreement with Kona Bidco and Kona Merger Subsidiary, entities affiliated with a consortium led by Chairman and CEO William McMorrow, certain company executives, and Fairfax Financial. If the offering closes before completion of the merger, proceeds from the notes sale would be placed in escrow. The notes would be subject to mandatory redemption at the issue price plus accrued interest if the merger is not completed by Nov. 16, 2026, or a later agreed-upon date. Fairfax Financial had committed to cover any shortfall between funds held in escrow and the special mandatory redemption amount. More on Kennedy-Wilson Holdings, Inc. Kennedy-Wilson terminates exchange offer for senior notes swap Key deals this week: Visa, Hims & Hers Health, Salesforce and more Seeking Alpha’s Quant Rating on Kennedy-Wilson Holdings, Inc. Historical earnings data for Kennedy-Wilson Holdings, Inc. Dividend scorecard for Kennedy-Wilson Holdings, Inc.
Novanta (NASDAQ:NOVT) reported stronger-than-expected first-quarter 2026 results, with management citing broad-based bookings growth, accelerating demand in automation and medical markets, and rising exposure to artificial intelligence-related infrastructure applications. Chair
Novanta (NASDAQ:NOVT) reported stronger-than-expected first-quarter 2026 results, with management citing broad-based bookings growth, accelerating demand in automation and medical markets, and rising exposure to artificial intelligence-related infrastructure applications. Chair
JD.com (NASDAQ:JD) reported a faster pace of revenue growth and higher profitability in the first quarter of 2026, as gains in general merchandise, marketplace services and logistics helped offset continued pressure in electronics and home appliances. Chief Executive Officer Sandy Xu said total rev
JD.com (NASDAQ:JD) reported a faster pace of revenue growth and higher profitability in the first quarter of 2026, as gains in general merchandise, marketplace services and logistics helped offset continued pressure in electronics and home appliances. Chief Executive Officer Sandy Xu said total rev
The world's largest exchange-traded fund, SPDR S&P 500 ETF Trust ( SPY ) , saw inflows of $4.24B for the week ended May 8, while its price increased by 2.73%. iShares Bitcoin Trust ETF ( IBIT ) saw inflows of $907.90M last week, while Bitcoin ( BTC-USD ) price slipped 0.29% during the same period. iShares Silver Trust ETF ( SLV ) saw inflows of $25.65M, compared to the previous week’s outflows. On...
The world's largest exchange-traded fund, SPDR S&P 500 ETF Trust ( SPY ) , saw inflows of $4.24B for the week ended May 8, while its price increased by 2.73%. iShares Bitcoin Trust ETF ( IBIT ) saw inflows of $907.90M last week, while Bitcoin ( BTC-USD ) price slipped 0.29% during the same period. iShares Silver Trust ETF ( SLV ) saw inflows of $25.65M, compared to the previous week’s outflows. On the other hand, SPDR Gold Shares ETF ( GLD ) posted outflows totaling $207.67M this week, while GLD prices rose 4.60% during the week. Last week’s inflows/outflows The 11 S&P 500 sector tracking ETFs collectively recorded inflows of about $281.64M last week, according to the data from etfdb.com. The largest outflows were seen in the Financial Select Sector SPDR Fund ( XLF ) , totaling $813.59M, followed by the Consumer Discretionary Select Sector SPDR Fund ( XLY ) with $607.92M in outflows, and the Health Care Select Sector SPDR Fund ( XLV ) , which recorded $246.98M in outflows. The majority of the sectors recorded outflows during the week. On the other hand, the top sector inflows were led by the Technology Select Sector SPDR Fund ( XLK ) , which recorded $909.99M, followed by the Energy Select Sector SPDR Fund ( XLE ) with $783.81M and the Industrial Select Sector SPDR Fund ( XLI ) at $473.43M. Breakdown of S&P 500 sector fund flows: Name of fund Ticker Flows Technology Select Sector SPDR Fund ( XLK ) $909.99M Energy Select Sector SPDR Fund ( XLE ) $783.81M Industrial Select Sector SPDR Fund ( XLI ) $473.43M Real Estate Select Sector SPDR Fund ( XLRE ) $202.29M Consumer Staples Select Sector SPDR Fund ( XLP ) ($0.74M) Materials Select Sector SPDR Fund ( XLB ) ($25.25M) Communication Services Select Sector SPDR Fund ( XLC ) ($181.46M) Utilities Select Sector SPDR Fund ( XLU ) ($211.94M) Health Care Select Sector SPDR Fund ( XLV ) ($246.98M) Consumer Discretionary Select Sector SPDR Fund ( XLY ) ($607.92M) Financial Select Sector SPDR Fund ( XLF ) ($813.59M) Click to enla...
Jamie Dimon warned the UK that any move to hike taxes on banks in the event Keir Starmer is replaced as the UK’s prime minster would see JPMorgan Chase & Co. scrap plans to invest billions in a new London headquarters in Canary Wharf. Dozens of Labour members of Parliament and a handful of ministers have called for Starmer to resign after his party suffered bruising losses in the UK’s local electi...
Jamie Dimon warned the UK that any move to hike taxes on banks in the event Keir Starmer is replaced as the UK’s prime minster would see JPMorgan Chase & Co. scrap plans to invest billions in a new London headquarters in Canary Wharf. Dozens of Labour members of Parliament and a handful of ministers have called for Starmer to resign after his party suffered bruising losses in the UK’s local elections last week. Asked if JPMorgan would review its plans for the new office in light of political instability that’s followed, Dimon was unequivocal. “Not political instability but if they become hostile to banks again, yes,” Dimon said in an interview with Bloomberg TV on Tuesday at JPMorgan’s annual Global Markets Conference in Paris. “I’ve always objected to the fact, we didn’t damage the UK in any way, we paid probably $10 billion in extra taxes by now. I don’t think that’s right or fair. If that happens too much we will reconsider.” Bond markets have reacted sharply to the prospect of Starmer’s ouster over fears his replacement could oversee a leftward lurch in the government’s position involving higher taxes and more government spending. Read More: JPMorgan to Build New London Headquarters in Canary Wharf JPMorgan unveiled plans to build what will be London’s largest office in the east London financial hub in late November, a day after Chancellor Rachel Reeves unveiled a Budget that largely spared banks. Read More: Jamie Dimon Warns of ‘Stupid’ Trade Issues Between Europe, US The office will span about 3 million square feet of gross area and host as many as 12,000 employees. Including the cost of construction, the six-year project will contribute £9.9 billion ($13.4 billion) to the local economy and create 7,800 jobs, according to the bank. Dimon has previously praised both Starmer and Reeves. On Tuesday, the chief executive officer said Starmer was a “smart guy.”
Images_By_Kenny Foxconn, formally known as Hon Hai Precision Industry ( HNHAF ) ( HNHPF ), said on Tuesday cyberattacks targeted some of its factories in North America. The company activated contingency plans to maintain operations. The Apple ( AAPL ) and Nvidia ( NVDA ) supplier said production at the affected plants is currently running normally despite the incidents. More on Hon Hai Precision I...
Images_By_Kenny Foxconn, formally known as Hon Hai Precision Industry ( HNHAF ) ( HNHPF ), said on Tuesday cyberattacks targeted some of its factories in North America. The company activated contingency plans to maintain operations. The Apple ( AAPL ) and Nvidia ( NVDA ) supplier said production at the affected plants is currently running normally despite the incidents. More on Hon Hai Precision Industry Hon Hai Precision: Strong Q4 Results And Positive Outlook Hon Hai Precision Industry Co., Ltd. 2025 Q4 - Results - Earnings Call Presentation SoftBank-Nvidia in talks to build Japanese AI servers: report Foxconn sees record April revenue amid AI server rack growth Seeking Alpha’s Quant Rating on Hon Hai Precision Industry
Wang Fuk Court’s administrator has revealed that HK$180 million (US$22.9 million) has been paid to parties involved in the estate’s renovation project, with the remaining HK$127 million to be refunded to owners displaced by one of Hong Kong’s deadliest fires in decades. The details were disclosed during a Zoom meeting on Tuesday, one of two sessions arranged for residents by Hop On Management Comp...
Wang Fuk Court’s administrator has revealed that HK$180 million (US$22.9 million) has been paid to parties involved in the estate’s renovation project, with the remaining HK$127 million to be refunded to owners displaced by one of Hong Kong’s deadliest fires in decades. The details were disclosed during a Zoom meeting on Tuesday, one of two sessions arranged for residents by Hop On Management Company, the government-appointed administrator of the Tai Po estate following the fire. The second...
imaginima/E+ via Getty Images Oil prices are likely to remain elevated in the $90 to $120 range for an extended period, potentially stretching into early 2027, according to former Biden White House senior adviser Amos Hochstein. The energy expert warned that the current stalemate in U.S.-Iran negotiations, combined with the closure of key shipping straits, has created a “slow rolling disruption” t...
imaginima/E+ via Getty Images Oil prices are likely to remain elevated in the $90 to $120 range for an extended period, potentially stretching into early 2027, according to former Biden White House senior adviser Amos Hochstein. The energy expert warned that the current stalemate in U.S.-Iran negotiations, combined with the closure of key shipping straits, has created a “slow rolling disruption” that will impact global economies in waves. In an interview with CNBC, Hochstein, now managing partner at TWG Global, explained that while equity markets appear unfazed by the current geopolitical tensions, they are operating under the assumption that oil markets will normalize quickly. “The problem is that as long as missiles are not flying, it doesn’t really matter because the oil markets are gonna continue to see this disruption,” he said. Hochstein emphasized that the disruption’s effects will be felt unevenly across the globe. “It affects poor economies first. Equity markets, unfortunately, don’t care about poor economies. It then goes to middle economies and eventually to larger ones, and only at the very end does it hit the United States,” he explained. This suggests American consumers may not feel the full impact immediately, but elevated prices are here to stay. Regarding potential solutions, Hochstein dismissed the idea of opening the Strait of Hormuz by military force, arguing it would only drive prices higher. “Taking that area militarily by force doesn’t change the fact that these drones can fly 13 to 1,500 kilometers at a low altitude, and all you need is one tanker gets hit, and now no tanker goes again,” he warned. Instead, he believes a diplomatic deal remains the most viable path forward. The former White House adviser set early June as a critical deadline for reaching an agreement. “If we don’t get through this deal by early June, then I do think that we are going towards that cliff,” Hochstein cautioned. “And when you fall off the cliff in oil and energy,...
SoFi stock has had a brutal start to 2026. Here's what I think is going on. Shares of digital financial services company SoFi Technologies (NASDAQ: SOFI) are down nearly 40% year to date as of this writing. Even worse, the stock has shed about 50% of its value from a 52-week high of $32.73. And shares fell about 13% in late April, the day after SoFi reported strong first-quarter results. So what's...
SoFi stock has had a brutal start to 2026. Here's what I think is going on. Shares of digital financial services company SoFi Technologies (NASDAQ: SOFI) are down nearly 40% year to date as of this writing. Even worse, the stock has shed about 50% of its value from a 52-week high of $32.73. And shares fell about 13% in late April, the day after SoFi reported strong first-quarter results. So what's really going on? If you think it's a deteriorating business, that theory doesn't hold up. SoFi recently posted what was arguably its best quarter ever, with member growth and revenue both reaching record levels. The disconnect between the stock and the underlying numbers, however, is less puzzling than it first appears once you piece together a few things investors have been wrestling with. Continue reading