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Stock impact report

We Need Ethical Banking In The Era Of COVID-19 [Forbes]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Forbes
In the current environment of medical and economic uncertainty, we all find ourselves desperately seeking safety and stability.  In such times of uncertainty, cash is king. And who are those fortunate enough to be trusted with that cash? Big banks.In contrast to the 2008 financial crisis in which they were blamed for being greedy and irresponsible, big banks are now perceived as safe, trusted institutions. This has led to a phenomenon described as a reverse run on the banks—more than$1 trillion in deposits poured into banks in 2020’s first quarter, with JPMorgan, Bank of AmericaBACWFCIt is not only consumers and business that have trusted big banks to help us weather this recession, the government has turned to big banks too. In an effort to rapidly deploy money to those who need it most in connection with the recent CARES Act stimulus packages,the administration turned to and sought the advice of big banks. Big banks were at the center of distributing loans to small businesses under Show less Read more
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