Philip Morris International Inc. (PM) Stock News

JPMorgan Chase and Goldman Sachs reported strong Q2 earnings driven by investment banking growth. CEO Jamie Dimon projects AI spending will reach over $1 trillion in 2027, up from $700 billion in 2026, signaling continued economic expansion fueled by AI infrastructure investment.

JPMorgan engages over 100 multinationals exploring financial solutions in India's GIFT City, reflecting rising interest in the financial hub.

JPMorgan Chase delivered exceptional Q2 2026 earnings, crushing analyst estimates with net revenue of $57.3 billion (28% YoY growth) and net income of $21.2 billion (41% YoY growth). The Commercial and Investment Banking division led growth with a 27% revenue increase, driven by a 45% surge in investment banking activities. All business lines achieved all-time quarterly revenue records. The analyst views JPMorgan as the most attractive among the big four U.S. banks.

ProMIS Neurosciences announced positive Phase 1a trial results showing PMN310, its lead Alzheimer's drug candidate, achieved dose-dependent reduction of amyloid-beta oligomers in human cerebrospinal fluid. The company demonstrated target engagement in healthy volunteers and plans to present six-month blinded interim data from its Phase 1b PRECISE-AD trial in the coming weeks, with top-line results expected in early Q1 2027.

JPMorgan and Citigroup are set to report Q2 2026 earnings on July 14th. JPMorgan is expected to deliver solid results with 29% EPS growth and 12% revenue growth, supported by strong capital markets activity and aggressive share buybacks. Citigroup is anticipated to report 40% EPS growth and 10% revenue growth. Both banks show healthy credit conditions and significant capital return programs, though analyst concerns persist about the sustainability of capital markets tailwinds.

Czech Republic will not participate in €70 billion package for Ukraine, PM Babis says  Reuters

The global TPMS tire pressure sensor chip market is expected to grow from USD 2.68 billion in 2025 to USD 5.08 billion by 2032, driven by regulatory mandates, electric vehicle adoption, and advanced connectivity requirements. The market will expand at a CAGR of 9.55%, with key opportunities in supply chain resilience, regional compliance, and cybersecurity integration across vehicle classes.

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) and iShares Morningstar Small-Cap ETF (ISCB) offer different approaches to small-cap investing. BBSC delivers superior recent performance (35.8% 1-year return vs 27.8%) with a more concentrated portfolio of 728 holdings, while ISCB provides broader diversification with 1,557 holdings, lower costs (0.04% vs 0.09% expense ratio), and higher dividend yield (1.30% vs 1.00%). The article recommends BBSC as the better buy based on stronger performance metrics, despite ISCB's advantages in cost and diversification.

Britain's bond market may limit what Burnham can do as PM  Reuters

Amerant Investments announced the appointment of Ricardo Sucre as Head of International Wealth Management Business Development. Sucre brings over 20 years of experience from leading financial institutions including Morgan Stanley and Bolton Global Capital. The appointment reflects Amerant's strategic focus on expanding its international wealth management platform and attracting experienced financial advisors to its integrated banking and investment services model.

JPMorgan Chase passed the Federal Reserve's bank stress test with a strong tier 1 capital ratio of 14.3% and announced a 10% dividend increase plus a $50 billion share buyback program. However, the stock is trading near all-time highs with valuation metrics significantly above five-year averages, making it appear expensive for value-oriented investors.

Crédit Agricole has increased its ownership stake in Banco BPM to 29.3% through market purchases and derivative instruments, crossing the 25% threshold. The French bank views this as a long-term investment consistent with its strategy and highlights the strength of their industrial partnerships in consumer finance and insurance. The stake acquisition is expected to impact Crédit Agricole's CET 1 ratio by approximately -35 basis points.

India's June services growth slips to 17-month low as demand, hiring cool, PMI shows  Reuters

Britain's services sector contracts sharply under strain of Iran war, PMI shows  Reuters

LA21-CDC received grant support from Truist Foundation to expand its Small Business Sustainability Initiative, which provides Philadelphia entrepreneurs with coaching, business systems training, capital readiness support, and AI-powered business tools to strengthen operations and build long-term sustainability.

The announcements followed the release of the Federal Reserve's annual stress test, which found that all 32 large banks weathered a hypothetical recession.

Qatar to resume normal liquefied natural gas production 'within a few weeks', PM tells FT  Reuters

Israel smuggled Starlink systems into Iran, former PM says  Reuters

Talks between Iran and US concluded successfully, Pakistan PM says  Reuters

Despite reducing its 2026 gold price forecast to $5,243 per ounce from $5,708, JPMorgan remains bullish on gold, projecting a 39% increase to $5,000 by Q4. The bank cites ongoing factors including inflation concerns, U.S. budget deficits, geopolitical tensions, and policy unpredictability as drivers of long-term gold demand. Central bank purchases, particularly from China, are supporting the outlook, making gold dips attractive buying opportunities.

JPMorgan Chase's stock climbed nearly 4% on Tuesday following reports that the bank plans to expand its digital banking services into at least three new European markets—France, Italy, and Spain—within the next five years, complementing existing operations in the U.K. and Germany. The expansion reflects the bank's strategy to balance innovation with its established brand presence.

JPMorgan analyst Cory Carpenter identifies Comcast as the most logical buyer for Roku, which is reportedly exploring a potential sale. While Amazon, Netflix, Disney, Fox, and AppLovin are also potential suitors, Comcast's combination of content, advertising operations, and distribution capabilities makes it the strongest strategic fit to acquire Roku's 100+ million household footprint and advertising platform.

Pakistan PM says US and Iran reach peace deal after talks  Reuters

Pakistan's Prime Minister announced that a US-Iran peace deal is likely to be finalized within 24 hours, ending over three months of conflict that has disrupted global energy supplies. The agreement would involve Iran reopening the Strait of Hormuz to maritime traffic, curbing its nuclear program, and the US lifting oil sanctions. There is an 80-85% chance the deal will be signed soon, with potential signing as early as Sunday. The deal comes ahead of the G7 summit scheduled for June 15-17.

Pakistan PM says US-Iran peace deal signing expected within 24 hours  Reuters

JPMorgan Chase's 7% net interest income growth target for 2026 has become more achievable as interest rate expectations have shifted from anticipated cuts to potential increases due to rising inflation. While the bank didn't raise its guidance after Q1, higher rates would benefit its net interest income. However, the stock appears expensive relative to historical valuations, with investors potentially already pricing in positive developments.

Pakistan PM Sharif says in X post that final text of US-Iran peace deal agreed, working on next steps  Reuters

The U.S. Justice Department has subpoenaed JPMorgan Chase, Bank of America, and Wells Fargo over allegations of politically motivated account closures. The investigation, led by the U.S. Attorney's Office in Washington D.C., examines claims that banks 'debanked' clients due to political reasons. This follows Trump's $5 billion lawsuit against JPMorgan and an OCC finding that nine major banks may have improperly denied services to politically sensitive industries. JPMorgan previously acknowledged closing accounts linked to Trump following the January 6 Capitol riot.

Italy PM calls for single EU voice in Russia talks, questions smaller formats  Reuters

The U.S. Justice Department has reportedly sent subpoenas to several of the country’s largest banks, including  JPMorgan Chase   (NYSE: JPM ) and  Bank of America   (NYSE: BAC ) , over allegations of politically motivated account closures. Other banks under investigation include  Wells Fargo   (NYSE: WFC ) . Some of the subpoenas were issued to the banks last year by the U.S. Attorney’s Office in Washington, D.C., led by Jeanine Pirro . The probe is focused on claims that these banks have “debanked” clients, meaning they have inappropriately closed customer accounts due to political reasons, the Wall Street Journal reported on Wednesday. The subpoenas require banks to identify individuals whose accounts were allegedly closed and explain the reasons behind those account closures. This move is part of President Donald Trump 's broader push to investigate claims that banks are discriminating against conservatives and politically sensitive industries. In August, he ordered regulators to examine these allegations and impose penalties if necessary. Previously, the Office of the Comptroller of the Currency (OCC) handled most of the review process, but Trump's executive order shifted oversight by requiring regulators to escalate certain cases to ... Full story available on Benzinga.com