Does anyone at JPMorgan Chase want to be the eventual successor to CEO Jamie Dimon? The bank is about to lose yet another high-profile executive who was widely thought to be a potential heir apparent to Dimon.
JPMorgan Chase chief operating officer Matt Zames, a 13-year veteran of the firm, is leaving. Dimon confirmed the news in a memo to the bank’s employees that was sent to CNNMoney.
Dimon did not mention whether Zames was leaving to take a job elsewhere.
“While I am sad to see him leave, I respect his decision and all he has done for JPMorgan Chase,” Dimon wrote in the memo.
Zames added that he was “very proud of all of the wonderful things the people here at JPMorgan Chase have accomplished as well as the amazing opportunities I’ve been given. I’ve never been more optimistic about the future of the company.”
In a regulatory filing with the SEC, the bank said Zames is eligible for various payments over the next two years that would be worth about $10 million.
Best Bank Stocks For 2018: Coca-Cola Bottling Co. Consolidated(COKE)
- [By Douglas A. McIntyre]
Coca-Cola Bottling Co. (NYSE: COKE) had a revenue increase to $2.3 billion in its most recentfiscal year, from $1.7 billion in the previous one. It is moving into Ohio, Indiana, Kentucky, Illinois and West Virginia, which almost certainly will require capital. Its net sales rose 37% in the most recent quarter to $840 million. Management stated this was because of “Organic growth in the legacy territories as well as territory expansion through the acquisition of several new distribution territories from Coca-Cola led to the solid performance.” The current dividend is $1, or 0.66%.
Best Bank Stocks For 2018: SPDR S&P MidCap 400 ETF (MDY)
- [By WWW.GURUFOCUS.COM]
For the details of Cougar Global Investments Ltd’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=Cougar+Global+Investments+Ltd
These are the top 5 holdings of Cougar Global Investments LtdSPDR MidCap Trust Series I (MDY) – 134,036 shares, 37.74% of the total portfolio. Shares added by 9.81%SPDR S&P 500 (SPY) – 150,252 shares, 31.92% of the total portfolio. Shares added by 359.35%iShares Core S&P Small-Cap (IJR) – 374,523 shares, 23.35% of the total portfolio. Shares added by 283.37%iShares MBS (MBB) – 37,334 shares, 3.59% of the total portfolio. Shares added by 109.88%iShares Core U.S. Aggregate Bond (AGG) – 34,781 shares, 3.4% of the
- [By WWW.GURUFOCUS.COM]
For the details of REGENTS OF THE UNIVERSITY OF CALIFORNIA’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=REGENTS+OF+THE+UNIVERSITY+OF+CALIFORNIA
These are the top 5 holdings of REGENTS OF THE UNIVERSITY OF CALIFORNIAiShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) – 229,390 shares, 55.6% of the total portfolio. New PositionThe Estee Lauder Companies Inc (EL) – 33,400 shares, 7.5% of the total portfolio. Exxon Mobil Corp (XOM) – 33,600 shares, 5.74% of the total portfolio. SPDR MidCap Trust Series I (MDY) – 5,600 shares, 3.8% of the total portfolio. New PositionAir Products & Chemicals Inc (APD) – 10,200 shares, 3.21% of the total portfolio. New Purch
Best Bank Stocks For 2018: CoreSite Realty Corporation(COR)
- [By WWW.MONEYSHOW.COM]
Denver, Colorado-based CoreSite Realty Corporation (COR) offers cloud-enabled, high-performance data center campuses.
Operating across 17 data centers in eight key North American markets, CoreSite serves a broad range of clients, including telecommunications carriers, media companies, financial and educational institutions, and government agencies.
Best Bank Stocks For 2018: Cray Inc(CRAY)
- [By Jim Robertson]
Cray Inc. (CRAY) has been one of those feast or famine small caps that have either made traders and investors a lot of money in recent years – or simply frustrated those who’ve held it for quite some time. However, at this point we think CRAY offers an attractive risk/reward opportunity on a long-term basis for investors interested in exposure to big data analytics and specifically super-computing – a growing need for large enterprise and institutions all over the world
- [By Lisa Levin]
Tuesday afternoon, the technology sector proved to be a source of strength for the market. Leading the sector was strength from Cray Inc. (NASDAQ: CRAY) and Mellanox Technologies, Ltd. (NASDAQ: MLNX).
- [By Peter Graham]
The Q4 2016 earnings report for small capsupercomputer stock Cray Inc (NASDAQ: CRAY) is scheduled forafter the market closes onWednesday (February 8th). Back in 2012, Cray Inc was inour SmallCap Network Elite Opportunity (SCN EO) portfolioasa potentially goodlow risk longer-term play as shares were trading at the $12 level and eventually hit $40+ per share before coming back down to earth last year.
- [By Giulio Prisco]
Microsoft (NSDQ:MSFT), supercomputer maker Cray (NSDQ:CRAY), and the Swiss National Supercomputing Centre (CSCS), a world-class scientific computing center, announced the results of a deep learning collaboration that expands the horizons of running Artificial Intelligence (AI), Machine Learning (ML), and in particular Deep Learning (an especially promising branch of ML) applications, using Microsoft software and Cray supercomputers.
Best Bank Stocks For 2018: Frontline Ltd.(FRO)
- [By Lisa Levin]
Wednesday afternoon, the energy shares surged 1.23 percent. Meanwhile, top gainers in the sector included Frontline Ltd. (NYSE: FRO), up 5 percent, and JA Solar Holdings Co., Ltd. (ADR) (NASDAQ: JASO), up 6 percent.
- [By Shanthi Rexaline]
Frontline Ltd. (NYSE: FRO) is projected to post a loss in the second quarter, translating to a zero dividend, Credit Suisse said in a Tuesday note. Notwithstanding the negative opinion, the shares of the company were up in reaction to the possibility of a deal being struck.
- [By Rich Smith]
So what is it that’s supporting DHT’s stock price in the face of sliding shipping rates for crude oil, retreating revenue, and plunging profits? Well, for one thing, rival tanker companyFrontline (NYSE:FRO) made an unsolicited bid to acquire DHT last week, offering to pay $475 million for the company. (DHT is currently valued at $460 million.)