The CEO succession race at JPMorgan is heating up
The CEO succession race at JPMorgan is heating up: Two contenders in line to succeed JPMorgan Chase CEO Jamie Dimon when he retires are being put in charge of jointly running the bank’s consumer and community bank, the bank said in a regulatory filing. Marianne Lake, the bank’s consumer lending chief, and CFO Jennifer Piepszak are both considered front-runners to replace Dimon upon his retirement, and the move to place them as co-heads of the consumer banking operation is seen as “the clearest sign yet that Dimon has in fact started the clock on the race to succeed him,” Bloomberg suggests.
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EGX30 |
10,781 |
+1.0% (YTD: -0.6%) |
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USD (CBE) |
Buy 15.63 |
Sell 15.73 |
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USD at CIB |
Buy 15.62 |
Sell 15.72 |
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Interest rates CBE |
8.25% deposit |
9.25% lending |
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Tadawul |
10,424 |
+0.3% (YTD: +20.0%) |
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ADX |
6,528 |
+0.8% (YTD: +29.4%) |
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DFM |
2,705 |
+1.2% (YTD: +8.5%) |
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S&P 500 |
4,128 |
-0.9% (YTD: +9.9%) |
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FTSE 100 |
7,034 |
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Brent crude |
USD 68.15 |
-0.8% |
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Natural gas (Nymex) |
USD 3.00 |
-0.4% |
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Gold |
USD 1,867.60 |
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BTC |
USD 41,654.61 |
-7.3% |
THE CLOSING BELL-
The EGX30 rose 1.0% at yesterday’s close on turnover of EGP 1.67 bn (25.8% above the 90-day average). Foreign investors were net sellers. The index is down 0.6% YTD.
In the green: ElSewedy Electric (+6.5%), GB Auto (+6.2%) and EKH (+4.2%).
In the red: Export Development Bank (-1.8%), Ibnsina Pharma (-0.7%) and CIB (-0.5%).
Asian shares are mixed this morning, with major indexes down in Tokyo and Shanghai, but up in Seoul and Hong Kong. Futures suggest Wall Street and much of Europe will dip at the opening bell, with shares in Toronto on track to buck the trend.