Business AcquisitionEconomy and Trading

JPMorgan Q3 Earnings Beat Expectations as Dimon Notes Resilient U.S. Economy

JPMorgan Chase delivered impressive third-quarter results, with earnings per share of $5.07 surpassing analyst expectations. CEO Jamie Dimon noted the U.S. economy’s resilience despite ongoing uncertainties. The bank’s performance was driven by record trading revenue and investment banking growth.

JPMorgan Chase delivered a powerful third-quarter earnings beat that exceeded Wall Street expectations, with CEO Jamie Dimon noting the U.S. economy “generally remained resilient” despite ongoing uncertainties. The banking giant reported earnings per share of $5.07, handily surpassing the analyst consensus of $4.85 and representing a 16% increase from the $4.37 per share reported in last year’s comparable period. This strong performance underscores JPMorgan’s dominant position in the financial sector and its ability to navigate complex market conditions.

Record Earnings and Revenue Growth

Business AcquisitionFinance

Rockefeller Capital Management Secures $6.6 Billion Valuation with Chanel Family Office Backing

Rockefeller Capital Management has secured backing from Chanel dynasty’s family office and other ultra-wealthy investors, reaching a $6.6 billion valuation. The wealth management firm plans expansion into new markets and international wealth management partnerships following the recapitalization.

Rockefeller Capital Management has achieved a landmark $6.6 billion valuation through a major recapitalization backed by the Chanel dynasty’s family office and other ultra-wealthy investment firms, according to an exclusive CNBC interview with CEO Greg Fleming. The wealth management firm, which originated from John D. Rockefeller’s family office, has more than doubled its valuation from $3 billion in 2023 through this strategic funding round that positions it for significant expansion in domestic and international markets.

Recapitalization Details and Investor Profile

Arts and EntertainmentBusiness Acquisition

From JPMorgan to AI Investment Banking: Why I Took the Calculated Risk

Varun Agarwal left his secure investment banking career at JPMorgan to join OffDeal, an AI-native investment bank. He explains how artificial intelligence is transforming dealmaking and why he has no regrets about taking the calculated risk toward innovation.

When Varun Agarwal decided to leave his prestigious position at JPMorgan Chase to join an AI investment bank, many colleagues questioned his judgment. Yet for Agarwal, the move represented a strategic evolution in his investment banking career—one that has already provided more substantial dealmaking experience than his traditional banking role. “I get more dealmaking experience at OffDeal than at JPMorgan,” Agarwal confirms, highlighting how artificial intelligence is reshaping financial services.

The Traditional Banking Foundation