JPMorgan hoards cash as Dimon expects rates to rise

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JPMorgan hoards cash as Dimon expects rates to rise

Reuters2021-07-15

NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show. The CEO said this week the country's largest lender continues to ...

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Doge2theMoon
·2021-07-19
Cash is optionality.
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1
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BestHenry
·2021-07-15
Cash is king
Reply
3
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Flashtrade
·2021-07-15
Comment
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1
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- Flashtrade:
  Sgare
  2021-07-26
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- Flashtrade:
  Share
  2021-07-18
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- Flashtrade:
  Share
  2021-07-17
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Flashtrade
·2021-07-15
Like
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1
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Jade78
·2021-07-15
Only time will tell. Jimmy Dimon is honest enough to say that he doesn’t know how the stock market will pan out. Keep some cash in case….
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4
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- KRPK:
  Yes when the time is right, cash in hand will be handy
  2021-07-15
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- zcml:
  Like thx
  2021-07-15
  Reply
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Ke1991
·2021-07-15
okok
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3
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- zcml:
  Like thx
  2021-07-15
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Attap Kia
·2021-07-15
please like and comments. will return favour
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ahleemama
·2021-07-15
10YEAR TREASURY TO HIT 0.5% ? SHORT JP MORGAN
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5
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yksim
·2021-07-15
Good sharing
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4
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JBT
·2021-07-15
Great
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5
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Shawnn_13
·2021-07-15
Great
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2
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OddEyeCircle
·2021-07-15
Please like and comment
Reply
7
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- Ivanhojh:
  Done
  2021-07-15
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- stormlee:
  Like pls. Tq
  2021-07-15
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- chashuramen:
  .
  2021-07-15
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Ygh
·2021-07-15
Pls like and comment
Reply
9
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- Couragesther:
  Ok sure
  2021-07-15
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- TSL1121:
  hi
  2021-07-15
  Reply
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- stormlee:
  Like pls. Tq
  2021-07-15
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imsomeonelse
·2021-07-15
Hmmm
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7
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- stormlee:
  Like pls. Tq
  2021-07-15
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TSL1121
·2021-07-15
hi
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6
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- Ygh:
  Done
  2021-07-15
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- imsomeonelse:
  Hi
  2021-07-15
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abp
·2021-07-15
Pls like and comment
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- Attap Kia:
  ok
  2021-07-15
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- JonnyThm:
  good
  2021-07-15
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- 王虎V:
  yes
  2021-07-15
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Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JPM","symbol_name":"摩根大通","start_time":0,"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","article_id":"2151529580","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","pubTimestamp":1626349715,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"JPM":"摩根大通"},"translate_title":"戴蒙预计利率将上升，摩根大通囤积现金","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JPM":0.9},"content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. 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Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":173617308,"gmtCreate":1626657239004,"gmtModify":1703762771976,"author":{"id":"3586655119950414","authorId":"3586655119950414","name":"Doge2theMoon","avatar":"https://static.tigerbbs.com/cd1b564f8bed71eac62bc987f04bbce0","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3586655119950414","authorIdStr":"3586655119950414"},"htmlText":"Cash is optionality.&nbsp;","listText":"Cash is optionality.&nbsp;","text":"Cash is optionality.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173617308","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":147274517,"gmtCreate":1626361589639,"gmtModify":1703758756687,"author":{"id":"4087883379425460","authorId":"4087883379425460","name":"BestHenry","avatar":"https://static.tigerbbs.com/fb02013d79e46c203e3d6a7f85d2857e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4087883379425460","authorIdStr":"4087883379425460"},"htmlText":"Cash is king","listText":"Cash is king","text":"Cash is king","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147274517","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":147632941,"gmtCreate":1626355584383,"gmtModify":1703758510093,"author":{"id":"3585823007219089","authorId":"3585823007219089","name":"Flashtrade","avatar":"https://static.tigerbbs.com/c45d01d0c09748e523ca9584ada84d95","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585823007219089","authorIdStr":"3585823007219089"},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/147632941","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5330414,"gmtCreate":1627273925485,"gmtModify":1663231494348,"authorId":3585823007219089,"author":{"id":3585823007219089,"idStr":"3585823007219089","authorId":3585823007219089,"name":"Flashtrade","avatar":"https://static.tigerbbs.com/c45d01d0c09748e523ca9584ada84d95","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147632941,"type":1,"supId":0,"prevId":0,"content":"Sgare","text":"Sgare","html":"Sgare"},{"id":5253441,"gmtCreate":1626589842324,"gmtModify":1663231123426,"authorId":3585823007219089,"author":{"id":3585823007219089,"idStr":"3585823007219089","authorId":3585823007219089,"name":"Flashtrade","avatar":"https://static.tigerbbs.com/c45d01d0c09748e523ca9584ada84d95","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147632941,"type":1,"supId":0,"prevId":0,"content":"Share","text":"Share","html":"Share"},{"id":5249581,"gmtCreate":1626537589967,"gmtModify":1663231104342,"authorId":3585823007219089,"author":{"id":3585823007219089,"idStr":"3585823007219089","authorId":3585823007219089,"name":"Flashtrade","avatar":"https://static.tigerbbs.com/c45d01d0c09748e523ca9584ada84d95","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147632941,"type":1,"supId":0,"prevId":0,"content":"Share","text":"Share","html":"Share"},{"id":5229607,"gmtCreate":1626355597478,"gmtModify":1663231012327,"authorId":3585823007219089,"author":{"id":3585823007219089,"idStr":"3585823007219089","authorId":3585823007219089,"name":"Flashtrade","avatar":"https://static.tigerbbs.com/c45d01d0c09748e523ca9584ada84d95","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147632941,"type":1,"supId":0,"prevId":0,"content":"AGree","text":"AGree","html":"AGree"}],"langContent":"EN"},{"id":147636568,"gmtCreate":1626355562054,"gmtModify":1703758510415,"author":{"id":"3585823007219089","authorId":"3585823007219089","name":"Flashtrade","avatar":"https://static.tigerbbs.com/c45d01d0c09748e523ca9584ada84d95","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585823007219089","authorIdStr":"3585823007219089"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147636568","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":147845495,"gmtCreate":1626352988017,"gmtModify":1703758456661,"author":{"id":"3585101491648845","authorId":"3585101491648845","name":"Jade78","avatar":"https://static.tigerbbs.com/f26e58f5bba53d1668344992fa948f50","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3585101491648845","authorIdStr":"3585101491648845"},"htmlText":"Only time will tell. Jimmy Dimon is honest enough to say that he doesn’t know how the stock market will pan out. Keep some cash in case….","listText":"Only time will tell. Jimmy Dimon is honest enough to say that he doesn’t know how the stock market will pan out. Keep some cash in case….","text":"Only time will tell. Jimmy Dimon is honest enough to say that he doesn’t know how the stock market will pan out. Keep some cash in case….","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/147845495","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5229556,"gmtCreate":1626355273853,"gmtModify":1663231013951,"authorId":3554952819125110,"author":{"id":3554952819125110,"idStr":"3554952819125110","authorId":3554952819125110,"name":"KRPK","avatar":"https://static.tigerbbs.com/881610765cd032fe6e1b38c240a49844","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147845495,"type":1,"supId":0,"prevId":0,"content":"Yes when the time is right, cash in hand will be handy","text":"Yes when the time is right, cash in hand will be handy","html":"Yes when the time is right, cash in hand will be handy"},{"id":5229303,"gmtCreate":1626353500885,"gmtModify":1663231012946,"authorId":4088490026197220,"author":{"id":4088490026197220,"idStr":"4088490026197220","authorId":4088490026197220,"name":"zcml","avatar":"https://static.tigerbbs.com/282fc713a264eae65e8d4ae7f74b3395","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147845495,"type":1,"supId":0,"prevId":0,"content":"Like <u>thx</u>","text":"Like <u>thx</u>","html":"Like <u>thx</u>"}],"langContent":"EN"},{"id":147842359,"gmtCreate":1626352901371,"gmtModify":1703758454861,"author":{"id":"4087720904797660","authorId":"4087720904797660","name":"Ke1991","avatar":"https://static.tigerbbs.com/58f1461ca18e85868a39dec883897eef","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4087720904797660","authorIdStr":"4087720904797660"},"htmlText":"okok","listText":"okok","text":"okok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/147842359","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5229307,"gmtCreate":1626353510618,"gmtModify":1663231011644,"authorId":4088490026197220,"author":{"id":4088490026197220,"idStr":"4088490026197220","authorId":4088490026197220,"name":"zcml","avatar":"https://static.tigerbbs.com/282fc713a264eae65e8d4ae7f74b3395","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147842359,"type":1,"supId":0,"prevId":0,"content":"Like <u>thx</u>","text":"Like <u>thx</u>","html":"Like <u>thx</u>"}],"langContent":"EN"},{"id":147846926,"gmtCreate":1626352865165,"gmtModify":1703758453404,"author":{"id":"3575098910724577","authorId":"3575098910724577","name":"Attap Kia","avatar":"https://community-static.tradeup.com/news/a9b0286cbeb5d5ca13f67518ad029e69","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3575098910724577","authorIdStr":"3575098910724577"},"htmlText":"please like and comments. will return favour","listText":"please like and comments. will return favour","text":"please like and comments. will return favour","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147846926","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":147826693,"gmtCreate":1626351601912,"gmtModify":1703758424603,"author":{"id":"3585830139314556","authorId":"3585830139314556","name":"ahleemama","avatar":"https://static.tigerbbs.com/9e5556ad29b085a364d6ea7d326015c1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585830139314556","authorIdStr":"3585830139314556"},"htmlText":"10YEAR TREASURY TO HIT 0.5% ? SHORT JP MORGAN","listText":"10YEAR TREASURY TO HIT 0.5% ? SHORT JP MORGAN","text":"10YEAR TREASURY TO HIT 0.5% ? SHORT JP MORGAN","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147826693","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":147821789,"gmtCreate":1626351465641,"gmtModify":1703758423632,"author":{"id":"3582014529806015","authorId":"3582014529806015","name":"yksim","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0,"idStr":"3582014529806015","authorIdStr":"3582014529806015"},"htmlText":"Good sharing","listText":"Good sharing","text":"Good sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147821789","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":147820741,"gmtCreate":1626351271583,"gmtModify":1703758418296,"author":{"id":"3581751165798598","authorId":"3581751165798598","name":"JBT","avatar":"https://static.tigerbbs.com/1ffd34e99f27855f8ef139a4bdb4503f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581751165798598","authorIdStr":"3581751165798598"},"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147820741","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":147863056,"gmtCreate":1626350680075,"gmtModify":1703758405960,"author":{"id":"3584845105860173","authorId":"3584845105860173","name":"Shawnn_13","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3584845105860173","authorIdStr":"3584845105860173"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147863056","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":147881531,"gmtCreate":1626349963523,"gmtModify":1703758394946,"author":{"id":"3582065904370135","authorId":"3582065904370135","name":"OddEyeCircle","avatar":"https://static.tigerbbs.com/bd89742cea79ac97ec7da1a7bdbc2a14","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582065904370135","authorIdStr":"3582065904370135"},"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/147881531","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5228829,"gmtCreate":1626350163639,"gmtModify":1663231009749,"authorId":3575241823069388,"author":{"id":3575241823069388,"idStr":"3575241823069388","authorId":3575241823069388,"name":"Ivanhojh","avatar":"https://static.tigerbbs.com/a41f0bf4ce9ad13477b3d5ba49c8d025","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147881531,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":5228816,"gmtCreate":1626350112934,"gmtModify":1663231007929,"authorId":3571959390768435,"author":{"id":3571959390768435,"idStr":"3571959390768435","authorId":3571959390768435,"name":"stormlee","avatar":"https://static.tigerbbs.com/80629ef9648273c0d6465aee66dbd98a","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.07","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147881531,"type":1,"supId":0,"prevId":0,"content":"Like pls. <u>Tq</u>","text":"Like pls. <u>Tq</u>","html":"Like pls. <u>Tq</u>"},{"id":5228803,"gmtCreate":1626349983126,"gmtModify":1663231007843,"authorId":3581456322350824,"author":{"id":3581456322350824,"idStr":"3581456322350824","authorId":3581456322350824,"name":"chashuramen","avatar":"https://static.tigerbbs.com/e2639eb955520581bffb33712b025007","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147881531,"type":1,"supId":0,"prevId":0,"content":".","text":".","html":"."},{"id":5228830,"gmtCreate":1626350166376,"gmtModify":1635228616375,"authorId":3557433279201512,"author":{"id":3557433279201512,"idStr":"3557433279201512","authorId":3557433279201512,"name":"Couragesther","avatar":"https://static.tigerbbs.com/fb776fde22322bb11f3651d216a6b06e","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147881531,"type":1,"supId":0,"prevId":0,"content":"Sure will do","text":"Sure will do","html":"Sure will do"},{"id":5229229,"gmtCreate":1626352898419,"gmtModify":1635228587802,"authorId":3575098910724577,"author":{"id":3575098910724577,"idStr":"3575098910724577","authorId":3575098910724577,"name":"Attap Kia","avatar":"https://community-static.tradeup.com/news/a9b0286cbeb5d5ca13f67518ad029e69","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147881531,"type":1,"supId":5228829,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"}],"langContent":"EN"},{"id":147881646,"gmtCreate":1626349952885,"gmtModify":1703758394623,"author":{"id":"3572529600057361","authorId":"3572529600057361","name":"Ygh","avatar":"https://static.tigerbbs.com/09f51a5273fd07aa4765ea2a333521d1","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3572529600057361","authorIdStr":"3572529600057361"},"htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/147881646","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5228832,"gmtCreate":1626350174631,"gmtModify":1663231009739,"authorId":3557433279201512,"author":{"id":3557433279201512,"idStr":"3557433279201512","authorId":3557433279201512,"name":"Couragesther","avatar":"https://static.tigerbbs.com/fb776fde22322bb11f3651d216a6b06e","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147881646,"type":1,"supId":0,"prevId":0,"content":"Ok sure","text":"Ok sure","html":"Ok sure"},{"id":5228802,"gmtCreate":1626349981376,"gmtModify":1663231008743,"authorId":3573295662822598,"author":{"id":3573295662822598,"idStr":"3573295662822598","authorId":3573295662822598,"name":"TSL1121","avatar":"https://static.tigerbbs.com/b7db19d94c5608f927773028279719d2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147881646,"type":1,"supId":0,"prevId":0,"content":"<u>hi</u>","text":"<u>hi</u>","html":"<u>hi</u>"},{"id":5228821,"gmtCreate":1626350130559,"gmtModify":1635228617028,"authorId":3571959390768435,"author":{"id":3571959390768435,"idStr":"3571959390768435","authorId":3571959390768435,"name":"stormlee","avatar":"https://static.tigerbbs.com/80629ef9648273c0d6465aee66dbd98a","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.07","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147881646,"type":1,"supId":0,"prevId":0,"content":"Like pls. <u>Tq</u>","text":"Like pls. <u>Tq</u>","html":"Like pls. <u>Tq</u>"}],"langContent":"EN"},{"id":147881111,"gmtCreate":1626349945633,"gmtModify":1703758394461,"author":{"id":"3572697049328629","authorId":"3572697049328629","name":"imsomeonelse","avatar":"https://community-static.tradeup.com/news/9294e9e7f11f190688efe808098fa12b","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3572697049328629","authorIdStr":"3572697049328629"},"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/147881111","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5228817,"gmtCreate":1626350120173,"gmtModify":1663231007669,"authorId":3571959390768435,"author":{"id":3571959390768435,"idStr":"3571959390768435","authorId":3571959390768435,"name":"stormlee","avatar":"https://static.tigerbbs.com/80629ef9648273c0d6465aee66dbd98a","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.07","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147881111,"type":1,"supId":0,"prevId":0,"content":"Like pls. <u>Tq</u>","text":"Like pls. <u>Tq</u>","html":"Like pls. <u>Tq</u>"}],"langContent":"EN"},{"id":147881941,"gmtCreate":1626349937183,"gmtModify":1703758394137,"author":{"id":"3573295662822598","authorId":"3573295662822598","name":"TSL1121","avatar":"https://static.tigerbbs.com/b7db19d94c5608f927773028279719d2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3573295662822598","authorIdStr":"3573295662822598"},"htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/147881941","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5228800,"gmtCreate":1626349964201,"gmtModify":1663231011630,"authorId":3572529600057361,"author":{"id":3572529600057361,"idStr":"3572529600057361","authorId":3572529600057361,"name":"Ygh","avatar":"https://static.tigerbbs.com/09f51a5273fd07aa4765ea2a333521d1","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147881941,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":5228799,"gmtCreate":1626349957018,"gmtModify":1663231009034,"authorId":3572697049328629,"author":{"id":3572697049328629,"idStr":"3572697049328629","authorId":3572697049328629,"name":"imsomeonelse","avatar":"https://community-static.tradeup.com/news/9294e9e7f11f190688efe808098fa12b","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147881941,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":147883086,"gmtCreate":1626349851045,"gmtModify":1703758392193,"author":{"id":"3581979721991802","authorId":"3581979721991802","name":"abp","avatar":"https://static.tigerbbs.com/f0c0424f61209387c56148e921c507f1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581979721991802","authorIdStr":"3581979721991802"},"htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/147883086","repostId":2151529580,"repostType":4,"repost":{"id":"2151529580","pubTimestamp":1626349715,"share":"https://ttm.financial/m/news/2151529580?lang=&edition=fundamental","pubTime":"2021-07-15 19:48","market":"us","language":"en","title":"JPMorgan hoards cash as Dimon expects rates to rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2151529580","media":"Reuters","summary":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, ","content":"<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase &amp; Co money, the bank's latest financials show.</p>\n<p>The CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.</p>\n<p>How the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.</p>\n<p>\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette &amp; Woods, wrote in a recent report to clients.</p>\n<p>\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"</p>\n<p>JPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.</p>\n<p>\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.</p>\n<p>The yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.</p>\n<p>Dimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.</p>\n<p>JPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.</p>\n<p>In contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.</p>\n<p>\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"</p>\n<p>JPMorgan's deposits grew by nearly $100 billion during the quarter.</p>\n<p>TRADE-OFFS</p>\n<p>Cash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.</p>\n<p>U.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.</p>\n<p>During this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.</p>\n<p>Executives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.</p>\n<p>Considerations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.</p>\n<p>Speaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.</p>\n<p>The central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.</p>\n<p>JPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out <a href=\"https://laohu8.com/S/AONE.U\">one</a> day whether we made the right decision or not.\"</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan hoards cash as Dimon expects rates to rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan hoards cash as Dimon expects rates to rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/analysis-jpmorgan-hoards-cash-dimon-110235498.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151529580","content_text":"NEW YORK (Reuters) - Jamie Dimon's optimism about the economy is costing JPMorgan Chase & Co money, the bank's latest financials show.\nThe CEO said this week the country's largest lender continues to stockpile cash instead of investing it in securities, such as U.S. Treasuries and mortgage-backed bonds, which pay more than cash deposits.\nHow the country's largest lenders manage an unprecedented glut of cash weighing down their balance sheets will be important in separating winners from losers in coming quarters as uncertainty grows over the inflation and interest rate outlook, according to analysts.\n\"The balance sheet mix will be a key driver for the stocks as we move into 2022,\" David Konrad, an analyst at Keefe, Bruyette & Woods, wrote in a recent report to clients.\n\"In our view, the risk/reward favors holding cash and under- earning in this environment.\"\nJPMorgan is waiting for the chance to buy securities with higher yields once exceptionally strong economic growth kicks in and drives up inflation and interest rates, Dimon and Chief Financial Officer Jeremy Barnum told analysts on Tuesday.\n\"You may have growth in the second half this year that's stronger than it's ever been in the United States of America,\" Dimon said in a call with analysts on Tuesday.\nThe yield on 10-year Treasury notes, at around 1.35% versus 1.75% in March, could climb to 3%, Dimon added.\nDimon's comments came after JPMorgan posted quarterly financials on Tuesday that showed its average cash balance held on deposit at central and other banks increased by $89.6 billion while it added only $2.6 billion of investment securities.\nJPMorgan made 0.06% on its cash while its securities paid 1.31%, its reports showed.\nIn contrast, $Bank of America Corp(BAC-N)$'s results released on Wednesday showed it has let its cash decline by $31 billion while it added $107.3 billion to its securities holdings.\n\"The reality is that we generated $80 billion deposit growth, and we've got to put it to work,\" CEO Brian Moynihan told analysts. \"We're not timing the market or betting.\"\nJPMorgan's deposits grew by nearly $100 billion during the quarter.\nTRADE-OFFS\nCash from government stimulus and Federal Reserve programs continues to pour into the financial system, dampening demand for bank loans.\nU.S. financial markets are also wrestling with a spike in inflation, which they believe could prompt the U.S. Federal Reserve to raise interest rates.\nDuring this quarter, analysts have pressed bank executives about their cash and securities mix because of how important it is for profits. Banks often hedge their positions with derivatives, making the analysis more difficult.\nExecutives have warned of tradeoffs in the decision on how much cash to accumulate until rates rise, and how much to invest in securities now.\nConsiderations include ensuring liquidity for customers who take deposits back and guarding against hits to regulatory capital from declines in the value of purchased securities.\nSpeaking before Congress on Wednesday, Fed Chair Jerome Powell said recent price spikes were associated with the post-pandemic reopening and will fade.\nThe central bank is staying the course, he said, with an inflation target of 2% and some time before it will be in a position to tighten monetary policy. Last month, Fed policy makers on balance projected inflation would climb to 3.4% this year and then fall back to 2.1% next year.\nJPMorgan's decision to stockpile cash was \"purely discretionary,\" Dimon said at a conference last month. \"You'll find out one day whether we made the right decision or not.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5229231,"gmtCreate":1626352915076,"gmtModify":1663231011927,"authorId":3575098910724577,"author":{"id":3575098910724577,"idStr":"3575098910724577","authorId":3575098910724577,"name":"Attap Kia","avatar":"https://community-static.tradeup.com/news/a9b0286cbeb5d5ca13f67518ad029e69","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147883086,"type":1,"supId":5228785,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":5228785,"gmtCreate":1626349863144,"gmtModify":1663231007930,"authorId":3583146554249170,"author":{"id":3583146554249170,"idStr":"3583146554249170","authorId":3583146554249170,"name":"JonnyThm","avatar":"https://static.tigerbbs.com/80783daf28ce81b492a8adae2f961085","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147883086,"type":1,"supId":0,"prevId":0,"content":"good","text":"good","html":"good"},{"id":5228794,"gmtCreate":1626349889274,"gmtModify":1663231007725,"authorId":3570938566541704,"author":{"id":3570938566541704,"idStr":"3570938566541704","authorId":3570938566541704,"name":"王虎V","avatar":"https://static.tigerbbs.com/49ea46c7d8ca735c2b0014844e08b2c5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147883086,"type":1,"supId":0,"prevId":0,"content":"<u>yes</u>","text":"<u>yes</u>","html":"<u>yes</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":103,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}