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JPMorgan wird am 12. Juni eine Feier für SpaceX-Mitarbeiter auf dem Dach ihrer Manhattan-Zentrale ausrichten. Das Ereignis wurde von Jamie Dimon konzipiert und direkt an Elon Musk vorgestellt. Ein spezielles Lichtdisplay, entworfen vom Künstler Leo Villareal, wird Teil der Party sein. Es gibt eine SpaceX-thematische Buffet-Anlage mit SpaceX-thematischen Cocktails und einem Raketenkuchen. Der Bank erwartet 250 SpaceX-Mitarbeiter.

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Wir haben einen bullischen Thesis auf The Mispricing Desk's Substack entdeckt. ORIX Corporation's Aktie notierte am 8. Juni bei $38,53. IXs Trailing- und Forward-B/E betrugen 15,17 bzw. 14,24 nach Yahoo Finance. ORIX Corporation bietet Finanzdienstleistungen in Japan, den USA und international an. Die Firma hat für das Jahr 2027 ein Nettoeinkommen von JPY 530 Milliarden angekündigt, die jährliche Dividende auf JPY 187,36 pro Aktie erhöht und einen Kaufrückkauf von JPY 250 Milliarden genehmigt. Der Markt scheint nur den offengelegten Basisfall zu kapitalisieren, während er minimalen Wert auf einen potenziell materialen aber unbestätigten Beitrag aus dem Verkauf von Toshiba's Anteil an Kioxia zubilligt.

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Die Schiffseigner beobachten vorsichtig die Friedensverhandlungen zwischen den USA und dem Iran und deren Auswirkungen auf den Hafen von Hormus. Einige Tankerbesitzer äußern sich vorsichtig, während andere bereits vorhersagen, dass es bei einer Wiedereröffnung des Hafens zu einem wilden Rennen um die Passage kommen wird. Laut Signal Maritime befinden sich derzeit etwa 127 Öl-Tanker im Persischen Golf, wobei die Genauigkeit dieser Zahl zweifelhaft ist. Dutzende weitere haben sich in der Nähe des Hafens positioniert, um von einem Anstieg des Verkehrs zu profitieren. Die globale Energiebranche wurde durch den Beginn des Krieges in Turbulenzen versetzt, als der Start des Krieges zur effektiven Schließung des Hafens führte, der normalerweise etwa ein Fünftel des weltweiten Öls und flüssigen Erdgases transportiert. Obwohl die Wiedereröffnung von Hormus noch immer bedeutend sein wird, haben sich die Preise bereits stark zurückgezogen.

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Regulators, lawmakers, and consumer groups are fighting over what it means to be a community bank. The debate has implications for lenders and borrowers everywhere.

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Morgan Stanley MS is keeping the door open for acquisitions as it looks to strengthen its asset and wealth management franchise. However, CEO Ted Pick made it clear that any deal must meet a high strategic bar and align closely with the company's long-term growth priorities.

Speaking at the bank's flagship U.S. Financials Conference, Pick said Morgan Stanley is "wide awake" to potential M&A opportunities as the regulatory backdrop becomes more constructive. Wealth management and selected areas of asset management appear to be the most likely targets, particularly where a deal can deepen the company's U.S. leadership, add tools for advisors or broaden exposure to high-growth areas such as private markets, alternatives, tax optimization and digital assets.

The comments come as Morgan Stanley's wealth platform gains scale. Pick said the company can now envision $10 trillion in wealth management assets alone, supported by its funnel of E*TRADE, Workplace and roughly 15,000 financial advisors. Workplace remains a key engine, with billions of dollars moving from stock-plan and self-directed channels into advisor-led relationships.

Morgan Stanley has already shown how acquisitions can reshape its business mix. Smith Barney, E*TRADE and Eaton Vance helped shift the company toward more durable fee-based revenues, while bolt-ons such as Solium and EquityZen added capabilities in workplace and private shares.

Still, Pick stressed discipline. M&A in financial services can be difficult, culturally sensitive and distracting. Organic growth remains the priority at the moment. But with excess capital and improving deal conditions, Morgan Stanley has room to act when the right target emerges.

Morgan Stanley's Peers: M&A as an Expansion Tool

Two close peers of Morgan Stanley are Goldman Sachs GS and JPMorgan JPM.

Goldman is refocusing on core capital markets and wealth management businesses. In sync with this, in April, the company acquired Innovator Capital Management, expanding Goldman's active ETF capabilities, while in January, it acquired Industry Ventures, broadening exposure to the innovation economy and strengthening the alternatives platform.

JPMorgan has the capital to pursue a major deal, with CEO Jamie Dimon indicating it could deploy up to $20 billion for the right opportunity. Acquisitions in wealth, payments, asset management or fintech could strengthen JPMorgan's franchise and support new growth, but execution, regulatory and valuation risks make discipline essential.

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Morgan Stanley's Price Performance & Zacks Rank

Shares of Morgan Stanley have gained 19.2% over the past six months compared with the industry's rally of 1.3%.Zacks Investment Research

Image Source: Zacks Investment Research

At present, Morgan Stanley carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

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This article originally published on Zacks Investment Research (zacks.com).

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JPMorgan Chase & Co. (NYSE:JPM) is one of the 13 Best Stocks to Invest In According to Billionaire Ken Griffin.

Banking giant JPMorgan Chase & Co. (NYSE:JPM)'s shares are up by 16.6% over the past year and are down by 4.4% year-to-date. Its CEO, Jamie Dimon, makes regular media appearances. In an investor conference on May 27th, Dimon revealed that JPMorgan Chase & Co. (NYSE:JPM) could spend between $10 billion and $20 billion for an acquisition over the coming years. The CEO added that the acquisition would have to add to his bank's operations, culture, and core operations. JPMorgan Chase & Co. (NYSE:JPM) also announced a tokenized money fund in May after it revealed the JPMorgan OnChain Liquidity-Token Money Market Fund. This fund will be on the Ethereum blockchain and is designed to support stablecoin issuance.

JPMorgan Chase & Co. (NYSE:JPM) currently trades at a forward price-to-earnings ratio of 13.72, which is roughly in line with the sector's 13.04.Should You Buy JPMorgan Chase & Co. (JPM)?

CNBC's Jim Cramer discussed the firm on Mad Money on June 2nd. Here is what he said:

"But honestly, if you're looking for a fortress, I like the stock of JPMorgan here. It's got balanced growth, sells for only 13 times earnings. It's the best bank in the world…. I'm not going to give you the performance of Micron by telling you to buy JPMorgan. You're not going to get it. But anyway, you're not that early in Micron. You could be early in JPMorgan.

JPMorgan's the antithesis of Micron. You normally don't get to buy the stock so cheap, and no one would regard it as a lousy franchise even if the stock's down 7% year to date. You can buy JPMorgan and put it away. Mighty hard to buy and put any tech stocks away right now."

While we acknowledge the potential of JPM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on thebest short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

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(Bloomberg) -- Global banks are curbing hedge funds' leveraged bets on Asia's top chipmakers including SK Hynix Inc. and Samsung Electronics Co. after a blistering rally this year raised concerns of a potential pullback, according to people familiar with the matter.

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Brokers including Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. have raised the financing cost for hedge funds to take bullish wagers on SK Hynix and Samsung Electronics shares via swaps, said the people.

Banks have also tightened the size of new trades and which firms they will give them to, the people said, asking not to be identified while discussing private information. They have taken similar steps for Taiwan Semiconductor Manufacturing Co., the people added.

Morgan Stanley is turning away clients seeking new swap trades in the two Korean stocks while some second-tier banks have also stopped accepting additional orders in the past two weeks, the people said. Some large global banks that are still willing to take new orders are assessing requests on a case-by-case basis, they added.

The moves came after a wild run in the two companies' shares this year, part of a global boom in tech stocks that is fueling fears of a bubble. The stock price of SK Hynix has more than tripled this year, while Samsung Electronics is up over 175%. These moves have helped Korea's benchmark Kospi Index jump around 100%, making it the best performing market in the world.

But the chipmakers' shares have recently come under pressure: Both SK Hynix and Samsung Electronics tumbled on Wednesday, as the tech rally faltered. At least some of the curbs started before the recent selloff, the people said.

Bank of America Corp., BNP Paribas and UBS Group AG are also lifting financing costs and restricting the size of swap trades in the two stocks, the people said.

Shares of SK Hynix and Samsung pared gains on the news. The Kospi index also gave back some of its earlier gains.

Swaps are a popular way for hedge funds to bet on assets without actually owning them and with the aid of leverage. In markets like South Korea, where few hedge funds have their own trading IDs with the exchange, swaps with brokers are the default way to bet on stocks.

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Swap financing rates quoted by the banks on SK Hynix and Samsung Electronics were increased to a range from 300 basis points to as much as 11% over the secured overnight financing rate (SOFR), the people added. With SOFR standing at 3.6%, the new rates translate into nearly 15% at the top end of the range.

That compares with financing rates between around 100 and 200 basis points above SOFR in early May, the people said. The new rates apply to new swap contracts or those being rolled over, they added.

While banks writing swaps often find other counterparties to take the other side of hedge fund clients' trades, few firms are willing to make bearish bets on the gravity-defying gains of SK Hynix and Samsung Electronics. That means banks sometimes have to deploy their own balance sheets, putting a constraint on how much business they're willing to take.

Banks are concerned that a major correction would affect the value of their clients' holdings, leading to potential defaults on margin calls and ultimately threatening losses for banks, the people said.

While one benefit of swap trades has traditionally been the built-in leverage, some banks are now insisting clients pay up in full for those positions, said the people.

Mega-IPOs including SpaceX's $75 billion listing this week are also expected to tie up bank balance sheets, giving them more incentive to control the amount of capital they deploy to trades in SK Hynix and Samsung Electronics, the people said.

Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley and UBS declined to comment. Bank of America and BNP Paribas didn't immediately respond to requests for comment.

AI Frenzy

Hedge funds have shown huge interest in South Korea over the past year, after regulators lifted a short selling ban and pushed through corporate governance reforms. But much of the focus has been on the chipmakers, which are seen as key beneficiaries of the global AI race.

SK Hynix and Samsung Electronics between them now represent around 53% of Korea's benchmark Kospi Index. That is more than double their combined weight five years ago, before the frenzy around AI transformed global markets.

The insatiable demand for these stocks has in part been fueled by exchange-traded funds. Roundhill Investments's actively managed Memory ETF has seen assets surge to $16.7 billion after its inception in early April. SK Hynix and Samsung Electronics account for more than 40% of its holdings as of Thursday, according to information posted on the website of the New York-based company.

CSOP Asset Management Ltd.'s eight-month-old, Hong Kong-listed ETF seeking to replicate twice the daily performance of SK Hynix shares surpassed $10.9 billion in assets at the start of this month, according to data compiled by Bloomberg.

Financing rates quoted by banks for swap trades involving the same stocks vary wildly from bank to bank, and from client to client. They can depend on what sort of other assets — and how much — a hedge fund holds at the time, the strength of its relationship with brokers and the banks' ability to facilitate more trades.

The Kospi tumbled nearly 9% intraday on Monday, triggering a 20-minute trading halt by the exchange as investors pulled back from AI trades. SK Hynix's shares are down this month, while the CSOP fund's assets have declined.

(Update adds market reaction in the eighth paragraph, Morgan Stanley no comment in paragraph 16.)

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Regulators, lawmakers, and consumer groups are fighting over what it means to be a community bank. The debate has implications for lenders and borrowers everywhere.

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Prometheus, the physical AI startup co-founded by Jeff Bezos and Vik Bajaj, the former co-founder of Verily, Google's life sciences unit, announced it raised $12 billion at a $41 billion valuation.

The new funds came from Bezos himself, as well as from JPMorgan Chase, Goldman Sachs, and BlackRock, among others.

This is the second fundraise round for Prometheus, which launched late last year with an initial raise of $6.2 billion, according to CNBC.

Prometheus is building what it calls an "artificial general engineer" — software capable of automating the design and manufacturing of complex physical systems, from jet engines to drug compounds.

The ambition is sweeping: replace large swaths of engineering work with AI. Although the startup will automate many aspects of an engineer's job, Bezos told CNBC that the productivity gains AI delivers will lead to what he calls "labor scarcity" — his term for a world where demand for human workers outpaces supply.

That puts him at odds with a number of prominent voices in tech. While some AI leaders predict widespread job losses, Bezos sees it differently.

"Significant productivity in the economy is going to raise the standard of living," he said. "People who today have two-earner households, they'll become one-earner households. Maybe some people who are working overtime will stop working overtime."

The company, which currently has 150 employees across offices in San Francisco, London, and Zurich, is keeping the specifics of what it has already built under wraps.

Bezos indicated that a large portion of the capital will go toward the company's large compute needs.

Bezos knows something about labor at scale. Amazon — where he serves as executive chairman and is the largest individual shareholder — employs more than 1.5 million people worldwide and over the past year, under CEO Andy Jassy, has laid off tens of thousands of people as the company has accelerated its own automation push.

At $41 billion, Prometheus is one of the most richly valued AI startups ever funded, and one of the largest single bets on the physical AI sector. But it isn't the only company attracting massive investor interest. In recent months, venture capitalists have increasingly poured capital into physical AI, a booming sector that investors and founders argue is inherently more defensible than pure software — because the physical world creates moats that code alone cannot.

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This article first appeared on GuruFocus.

Jeff Bezos is pushing deeper into the AI boom as Prometheus, the artificial intelligence startup he leads, has raised $12 billion in new funding at a $41 billion valuation. The round drew backing from JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), BlackRock (NYSE:BLK), and Bezos himself, according to a company spokesperson. The financing strengthens Bezos's position as a major figure in the AI race after stepping down as Amazon.com (NASDAQ:AMZN) CEO in 2021.

Warning! GuruFocus has detected 7 Warning Signs with JPM. Is JPM fairly valued? Test your thesis with our free DCF calculator.

Prometheus, overseen by Bezos and Google veteran Vik Bajaj, is focused on developing AI models and tools that could help engineer and manufacture physical products. The company is targeting industries such as computing and aerospace, giving investors another signal that AI investment may be moving beyond software and deeper into the physical economy. The startup currently has about 150 employees.

The move also fits into Bezos's broader post-Amazon playbook, which includes building Blue Origin and investing in AI ventures such as Physical Intelligence and Generalist AI. Prometheus has also sought to raise tens of billions of dollars, possibly more, for a holding company that plans to buy firms outright if they are seen as benefiting from the technologies the lab is developing.

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