We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
JPMorgan's (JPM) Asset Management Arm Partners With Clearwater
Read MoreHide Full Article
JPMorgan’s (JPM - Free Report) asset management arm, J.P. Morgan Asset Management, has entered a partnership with Clearwater Analytics Holdings, Inc. (CWAN - Free Report) , which is a leading provider of SaaS-based investment management, accounting, reporting and analytics solutions.
Through the partnership, Clearwater will be integrated with the Morgan Money platform, allowing permissioned users to easily navigate between both systems.
Morgan Money is J.P. Morgan Asset Management's institutional investing platform, designed to deliver a seamless customer experience centered on operational efficiency, end-to-end system integration, and effective controls to allow customers to invest when, where and how they want, securely.
The joint solution will likely make it easier for financial professionals to have a global, connected view of their investment portfolios, and empower them to make real-time investment decisions on the Clearwater and Morgan Money platforms.
Paul Przybylski, the global head of product strategy and Morgan Money at J.P. Morgan Asset Management, said, “J.P. Morgan Asset Management is committed to delivering innovative solutions that simplify investment decisions for our clients. The integration of Clearwater Analytics and Morgan Money represents a significant step towards achieving that goal. By leveraging Clearwater's analytics platform, institutional investors can view comprehensive, real-time insights into their portfolios and the broader money market mutual fund landscape.”
Scott Erickson, the chief revenue officer at Clearwater, stated, “Our collaboration with J.P. Morgan's Morgan Money platform demonstrates our commitment to providing a powerful combination of cutting-edge technology and deep financial expertise, enabling investors to navigate the complexities of the current market environment with confidence. By leveraging our integrated platform, clients gain access to robust analytics and actionable insights that streamline their investment decisions. As a result, investors are able to make informed choices, enhance portfolio performance, and ultimately drive long-term success in the face of today's dynamic market conditions.”
Over the past six months, shares of JPMorgan have rallied 0.9% against a 14.7% decline of the industry it belongs to.
Notably, over the past two years, JPMorgan has undertaken several on-bolt acquisitions that supported its fee income base and improved market share across several products and services.
The largest U.S. bank has now become an even bigger financial behemoth after taking over failed First Republic Bank. Earlier this month, JPM bought the bulk of First Republic’s $228-billion assets (adding to its huge $3.7-trillion assets balance) and assumed deposits worth $92 billion by paying $10.6 billion.
JPMorgan expects the transaction to generate more than $500 million of “incremental net income” annually. This doesn’t include $2.6 billion of one-time post-tax gain to be recognized at closing, and approximately $2 billion of post-tax restructuring charges anticipated this year and in 2024.
First Republic Bank was seized by the Federal Deposit Insurance Corporation after almost two months of efforts to save the flagging institution.
This followed the collapse of two other major banks — Signature Bank and Silicon Valley Bank — in March and led to the latest banking industry turmoil amid fears of contagious effect on the U.S. regional banks. Signature Bank and Silicon Valley Bank were seized by the FDIC and sold to New York Community Bancorp, Inc. and First Citizens BancShares, Inc. (FCNCA - Free Report) , respectively.
NYCB, through its bank subsidiary, Flagstar Bank, acquired $38 billion in assets and assumed $36 billion of liabilities of Signature Bank, while not buying any digital asset banking, crypto-related assets or the fund banking business. FCNCA assumed Silicon Valley Bank’s assets worth $110 billion, deposits worth $56 billion and loans worth $72 billion.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
JPMorgan's (JPM) Asset Management Arm Partners With Clearwater
JPMorgan’s (JPM - Free Report) asset management arm, J.P. Morgan Asset Management, has entered a partnership with Clearwater Analytics Holdings, Inc. (CWAN - Free Report) , which is a leading provider of SaaS-based investment management, accounting, reporting and analytics solutions.
Through the partnership, Clearwater will be integrated with the Morgan Money platform, allowing permissioned users to easily navigate between both systems.
Morgan Money is J.P. Morgan Asset Management's institutional investing platform, designed to deliver a seamless customer experience centered on operational efficiency, end-to-end system integration, and effective controls to allow customers to invest when, where and how they want, securely.
The joint solution will likely make it easier for financial professionals to have a global, connected view of their investment portfolios, and empower them to make real-time investment decisions on the Clearwater and Morgan Money platforms.
Paul Przybylski, the global head of product strategy and Morgan Money at J.P. Morgan Asset Management, said, “J.P. Morgan Asset Management is committed to delivering innovative solutions that simplify investment decisions for our clients. The integration of Clearwater Analytics and Morgan Money represents a significant step towards achieving that goal. By leveraging Clearwater's analytics platform, institutional investors can view comprehensive, real-time insights into their portfolios and the broader money market mutual fund landscape.”
Scott Erickson, the chief revenue officer at Clearwater, stated, “Our collaboration with J.P. Morgan's Morgan Money platform demonstrates our commitment to providing a powerful combination of cutting-edge technology and deep financial expertise, enabling investors to navigate the complexities of the current market environment with confidence. By leveraging our integrated platform, clients gain access to robust analytics and actionable insights that streamline their investment decisions. As a result, investors are able to make informed choices, enhance portfolio performance, and ultimately drive long-term success in the face of today's dynamic market conditions.”
Over the past six months, shares of JPMorgan have rallied 0.9% against a 14.7% decline of the industry it belongs to.
Image Source: Zacks Investment Research
At present, JPM carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Notably, over the past two years, JPMorgan has undertaken several on-bolt acquisitions that supported its fee income base and improved market share across several products and services.
The largest U.S. bank has now become an even bigger financial behemoth after taking over failed First Republic Bank. Earlier this month, JPM bought the bulk of First Republic’s $228-billion assets (adding to its huge $3.7-trillion assets balance) and assumed deposits worth $92 billion by paying $10.6 billion.
JPMorgan expects the transaction to generate more than $500 million of “incremental net income” annually. This doesn’t include $2.6 billion of one-time post-tax gain to be recognized at closing, and approximately $2 billion of post-tax restructuring charges anticipated this year and in 2024.
First Republic Bank was seized by the Federal Deposit Insurance Corporation after almost two months of efforts to save the flagging institution.
This followed the collapse of two other major banks — Signature Bank and Silicon Valley Bank — in March and led to the latest banking industry turmoil amid fears of contagious effect on the U.S. regional banks. Signature Bank and Silicon Valley Bank were seized by the FDIC and sold to New York Community Bancorp, Inc. and First Citizens BancShares, Inc. (FCNCA - Free Report) , respectively.
NYCB, through its bank subsidiary, Flagstar Bank, acquired $38 billion in assets and assumed $36 billion of liabilities of Signature Bank, while not buying any digital asset banking, crypto-related assets or the fund banking business. FCNCA assumed Silicon Valley Bank’s assets worth $110 billion, deposits worth $56 billion and loans worth $72 billion.