JPMorgan Chase & Co.

Money Moves

Launching and scaling the Security and Resiliency Initiative

Berkshire Hathaway is executing a leadership transition as Warren Buffett hands the CEO role to Greg Abel on January 1, 2026. The transition includes a CFO succession plan, a new in-house general counsel, and a new GEICO CEO. JPMorgan Chase is launching a $1.5 trillion, decade-long Security and Resiliency Initiative (SRI) to finance and invest in U.S. critical industries.

Updated 6 days ago

New Capabilities

Strategic customer and reference account for Anthropic's launch

Wall Street's pitch decks, earnings reviews, and ledger reconciliations have long been the domain of junior analysts working late nights inside Excel. On May 5, 2026, Anthropic unveiled ten artificial intelligence (AI) agents that do those same jobs—running on its Claude Opus 4.7 model, embedded directly inside Microsoft Excel, PowerPoint, and Word, and pulling live data on more than 600 million public and private companies from Moody's.

Updated May 5

Money Moves

Reported record Q1 2026 profit of $5.94 EPS on $50.54B revenue, beating estimates

The six largest American banks wrapped up their first-quarter 2026 reporting with combined net income of $47.3 billion, delivering a near-uniform message from Wall Street: trading floors thrived on the volatility unleashed by the Iran war and Strait of Hormuz closure, while the broader economic outlook grew cloudier. JPMorgan earned $5.94 per share on $50.54 billion in revenue as fixed-income trading surged 21 percent to $7.08 billion. Citigroup posted its best quarterly revenue in a decade at $24.63 billion. Bank of America earned $1.11 per share — its highest earnings per share in nearly two decades — while Morgan Stanley posted a record equities trading quarter of $5.15 billion and a 29 percent jump in profit. Goldman Sachs led the week with record equities trading revenue of $5.33 billion. The results arrived even as the banks collectively announced roughly 5,000 job cuts, a sign that Wall Street is using the profit windfall to trim headcount rather than expand.

Updated Apr 19

Money Moves

Settled for $365 million total (victims + U.S. Virgin Islands)

Bank of America agreed last week to pay $72.5 million to settle a class action lawsuit alleging it ignored red flags in Jeffrey Epstein's banking, including over $170 million in payments from Leon Black without suspicious activity reports until after Epstein's 2019 death. On April 3, U.S. District Judge Jed Rakoff granted preliminary approval, following the $290 million JPMorgan Chase and $75 million Deutsche Bank settlements in 2023.

Updated Apr 4

Built World

Building owner and occupant

For 60 years, the Union Carbide Building stood at 270 Park Avenue—a 52-story modernist landmark designed by pioneering woman architect Natalie de Blois. JPMorgan Chase demolished it and built something nearly twice as tall: a 1,388-foot supertall skyscraper that runs entirely on hydroelectric power, houses 14,000 employees, and never burns a drop of fossil fuel.

Updated Feb 10

Rule Changes

Matching $1,000 for employees' children

The United States has never offered universal investment accounts to children. Starting July 4, 2026, every American born between 2025 and 2028 will receive $1,000 from the Treasury Department deposited into a stock market index fund—accessible at age 18 for education, homebuying, or starting a business. Over 1 million families enrolled in the program's first week.

Updated Jan 31

Rule Changes

Defendant in $5 billion lawsuit; cited by OCC for debanking practices

Donald Trump banked with JPMorgan Chase for decades. Seven weeks after the January 6 Capitol attack, the bank gave him 60 days to move hundreds of millions of dollars elsewhere. Now, as a sitting president, Trump is suing America's largest bank and its CEO for $5 billion, alleging political discrimination.

Updated Jan 25