Wall Street rises on Fed's $2.3 trillion rescue plan [Reuters]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Reuters
Wall Street rises on Fed's $2.3 trillion rescue plan (Reuters) - Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive $2.3 trillion program to bolster local governments and businesses hammered by the coronavirus outbreak. In what is likely to be its largest rescue effort ever, the Fed said it would work with banks to offer 4-year loans to companies of up to 10,000 employees and directly buy bonds of states and more populous counties and cities. “(The Fed’s move) should give some confidence to investors, that the risks this time around are maybe not the same as the risks in the financial crisis,” said Randy Watts, chief investment officer at O’Neil Global Advisors. “While this rally has been impressive, the market probably is a little bit of ahead of itself and we would not be surprised to see a pullback from here.” The financial index rose 6.09%, providing the biggest boost to the S&P 500 as banks rose sharply on the Fed’s backs
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JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- JPM's page on the SEC website