PNC Says Four Percent Workforce Reduction Will Save $325M in 2024

Although markets widely expected rates to remain unchanged, investors had reportedly assigned roughly a one-in-three probability of a surprise hike before the meeting.

First-half deal volume and value rose from a year ago as private equity exits gained urgency, valuation expectations aligned and activity broadened across most sectors.

Dimon says any target would need to integrate seamlessly into JPMorgan’s existing businesses, align with the firm’s culture and strengthen core operations rather than operate independently.