JPMorgan Chase Option Alert: Jan 16 $280 Calls Sweep (57) near the Bid: 493 vs 3371 OI; Earnings 4/11 Before Open 

JPMorgan Chase Option Alert: Jan 16 $280 Calls Sweep (57) near the Bid: 493 @ $22.049 vs 3371 OI; Earnings 4/11 Before Open Ref=$268.58

JPMorgan Chase Option Alert: Fri $220 Calls at the Bid: 188 vs 838 OI; Earnings 4/11 Before Open 

JPMorgan Chase Option Alert: Fri $220 Calls at the Bid: 188 @ $53.1 vs 838 OI; Earnings 4/11 Before Open Ref=$273.02

JPMorgan Chase Option Alert: Apr 17 $285 Calls at the Bid: 1000 vs 3045 OI; Earnings 4/11 Before Open 

JPMorgan Chase Option Alert: Apr 17 $285 Calls at the Bid: 1000 @ $7.45 vs 3045 OI; Earnings 4/11 Before Open Ref=$279.83

JPMorgan Chase Option Alert: Mar, 2026 $240 Calls at the Ask: 100 vs 24 OI; Earnings 4/11 Before Open 

JPMorgan Chase Option Alert: Mar, 2026 $240 Calls at the Ask: 100 @ $58.3 vs 24 OI; Earnings 4/11 Before Open Ref=$278.71

JPMorgan Chase Option Alert: Sep 19 $260 Calls at the Bid: 550 vs 910 OI; Earnings 4/11 Before Open 

JPMorgan Chase Option Alert: Sep 19 $260 Calls at the Bid: 550 @ $30.75 vs 910 OI; Earnings 4/11 Before Open Ref=$274.92

JPMorgan Chase Option Alert: Jun 20 $280 Calls Sweep (4) near the Bid: 400 vs 1471 OI; Earnings 4/11 Before Open 

JPMorgan Chase Option Alert: Jun 20 $280 Calls Sweep (4) near the Bid: 400 @ $13.4 vs 1471 OI; Earnings 4/11 Before Open Ref=$275.35

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JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segments: consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.

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코어위브(NASDAQ:CRWV)가 공식 상장을 하면서, CEO 마이클 인트레이터(Michael Intrator)는 고객 집중에 대한 우려에 반박하며 투자자들의 회의가 회사의 장기 가치와 성장 잠재력을 간과하고 있다고 주장했다.

코어위브의 CEO, &#39;엄청나게 큰 거래&#39;로 인한 마이크로소프트와 오픈AI 매출 집중을 옹호

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엔비디아가 투자하는 코어위브, IPO 가격 40달러로 예상 범위 이하

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3월 10일에 열린 외교관계협의회(Council on Foreign Relations) 행사에서 앤트로픽 CEO인 다리오 아모데이(Dario Amodei)는 인공지능(AI)이 3~6개월 안에 소프트웨어 코드의 90%를 작성할 수 있을 것이라고 말했다. 그는 12개월 이내에 거의 모든 코딩 작업을 AI가 처리할 수 있을 것이라고 덧붙였다.

앤트로픽 CEO &#34;3~6개월 내로 AI가 코드의 90% 작성할 것...모든 산업이 영향받아&#34;

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J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of JPMorgan Chase & Co. 4.75% Non-Cumulative Preferred Stock, Series GG

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL

J P Morgan Chase & Co Depositary Shares, each representing a 1/400th interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM

As CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) makes its <a href="https://www.benzinga.com/insights/ipos/25/03/44516779/coreweave-inc-ipos-tomorrow-heres-what-you-need-to-know">public market debut</a>, CEO Michael Intrator pushes back on concerns over client concentration and insists that investor skepticism is missing the company's long-term value and growth potential.
What Happened: CoreWeave, the AI cloud <a href="https://in.benzinga.com/25/03/44140237/coreweave-acquires-weights-biases-to-enhance-ai-development">infrastructure company backed</a> by Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), officially began trading on Friday in one of the year's most anticipated IPOs.
While the company has reported explosive 700% year-over-year revenue growth, much of that success <a href="https://in.benzinga.com/markets/equities/25/03/44240048/openai-secures-near-12-billion-coreweave-deal-taking-stake-in-cloud-firm-ahead-of-35-billion-ipo-to-reportedly-reduce-microsoft-dependence">hinges on two major clients</a>: Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and ChatGPT-maker OpenAI, which together account for the majority of its income.
Critics have raised red flags over this revenue concentration, but CEO Intrator isn't fazed.
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it" target="_blank" rel="noreferrer noopener">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China's $138 Billion Push — Warn America Will Lose The Race Without It</a>
"They say that we had 60% of revenue from Microsoft, and then we signed a contract with OpenAI for just under $12 billion, and now we're less than 50%," he said in an <a href="https://fortune.com/2025/03/28/coreweave-ceo-michael-intrator-ipo-going-public-ai-company/">interview</a> with Fortune on Friday. "All the big players that need this type of infrastructure … those are our customers."
Intrator also acknowledged that the size of deals with hyperscalers like Microsoft and OpenAI naturally skews revenue distribution.&nbsp;
"When you win one of those mind-bendingly large deals … there will be concentration," he added. He also pointed out that clients such as JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), and Jane Street use CoreWeave's infrastructure for narrower, but still valuable, workloads.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
The CEO also believes that Wall Street may not fully understand CoreWeave's positioning yet.&nbsp;
"There's a divergence between what the capital markets and what the media is thinking, and what I am feeling down in the trenches," he said. "What I am feeling … is relentless demand. We need more compute. We need larger compute."
CoreWeave's IPO is seen as a <a href="https://in.benzinga.com/news/ipos/25/03/44520808/nvidia-backed-coreweave-ipo-5-things-investors-need-to-know-before-buying-shares">key test of how public markets</a> are responding to the AI infrastructure boom. Though the company had to scale back its <a href="https://www.benzinga.com/news/ipos/25/03/44100280/nvidia-backed-coreweave-files-for-ipo-amid-explosive-ai-growth-revenue-surges-737-to-1-9-billion">initial offering</a>, Intrator said going public was a strategic move to improve access to the debt markets and reduce capital costs.
He also dismissed concerns about entering the market too soon. "The boldness of coming to this market amid the turmoil is because of a fundamental belief that, over time, I will be able to generate enormous value for my investors," Intrator said.
Price Action: In after-hours trading, CoreWeave shares were down by 0.07% and reached $39.97 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Nvidia-Backed CoreWeave's CEO Defends Microsoft, OpenAI Revenue Concentration Due To 'Mind-Bendingly Large Deals

<h2 class="wp-block-heading">Charlie Javice Found Guilty Of Defrauding JPMorgan Chase&nbsp;</h2>
Charlie Javice was convicted on Friday of defrauding JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) in its $175 million acquisition of the student<a href="https://www.benzinga.com/25/02/43794325/jp-morgans-acquisition-of-student-loan-start-up-falls-out-founder-in-court-for-alleged-fraud-ceo-jamie-dimon-calls-it-a-huge-mistake"> finance startup Frank.&nbsp;</a>
According to a Bloomberg<a href="https://www.bloomberg.com/news/articles/2025-03-28/charlie-javice-convicted-of-defrauding-jpmorgan-in-startup-deal"> report</a>, a Manhattan federal jury determined that the 32-year-old entrepreneur falsified user data to inflate Frank's customer base from fewer than 300,000 to over 4.25 million, misleading the bank into the acquisition.
The jury reached its decision after roughly six hours of deliberation. Javice now faces a potential maximum sentence of 30 years for bank fraud, though legal experts anticipate a lesser term. Sentencing will occur at a later date.
Read Next: <a href="https://www.benzinga.com/news/large-cap/25/03/44537429/cathie-wood-doubles-down-on-2600-tesla-stock-price-prediction">Cathie Wood Doubles Down On $2,600 Tesla Stock Price Prediction</a>
<h2 class="wp-block-heading">Philadelphia Man Sentenced To 15 ½ Years In Prison For Investment Fraud Scheme</h2>
Joseph LaForte, a Philadelphia businessman, <a href="https://www.justice.gov/opa/pr/operator-fraudulent-investment-vehicle-sentenced-over-15-years-prison-securities-fraud-tax">was sentenced</a> to 15 and a half years in prison on Thursday for orchestrating a massive investment fraud scheme through Par Funding while evading millions in taxes. 
As CEO of Complete Business Solutions Group (operating as Par Funding), he defrauded investors of $404 million through a racketeering conspiracy involving securities and wire fraud. The scheme promised investors returns of 12% to 44% on merchant cash advance notes while diverting funds through sham contracts.
LaForte's tax crimes included hiding $20 million in Par Funding income through shell entities, failing to report $9 million in kickbacks and paying employees under the table to avoid employment taxes which resulted in $8 million in federal tax losses.&nbsp;
He also falsified residency to dodge $1.6 million in Pennsylvania state taxes. His brother James, Par Funding's &#8220;enforcer,&#8221; received an 11 and a half year sentence on March 13 for related crimes, including assaulting a court-appointed receiver's attorney.
The case was prosecuted by the U.S. Attorney's Office for the Eastern District of Pennsylvania following investigations by the IRS, FBI, and FDIC. LaForte forfeited assets including a private jet and was ordered to pay $314 million in restitution
Read Next:<a href="https://www.benzinga.com/government/regulations/25/03/44517885/trump-slaps-25-tariffs-on-autos-what-it-means-for-your-next-car-purchase">&nbsp;</a>
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Financial Crime Weekly: Charlie Javice Convicted Of Fraud In JPMorgan Acquisition Case, Man Sentenced To 15 Years For Investment Fraud

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Shares of banks and financial services stocks are trading lower following greater-than-expected inflation data measured through the PCE price index for February, while personal spending missed estimates. Additionally, recent tariff announcements may be weighing on equities.

CoreWeave priced its initial public offering at $40 per share, below the <a href="https://in.benzinga.com/news/ipos/25/03/44520808/nvidia-backed-coreweave-ipo-5-things-investors-need-to-know-before-buying-shares">expected range of $47 to $55</a>, signaling investor caution despite demand for artificial intelligence-driven cloud computing services. 
What Happened: The offering consists of 37.5 million shares, with CoreWeave selling 36.59 million and existing stockholders offloading 910,000 shares. The company granted underwriters a 30-day option to purchase up to an additional 5.63 million shares to cover over-allotments.
CoreWeave will trade under the ticker &#8220;CRWV&#8221; on the Nasdaq Global Select Market. The IPO is being led by Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), and JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) as the primary book-running managers. Trading is set to begin on Mar. 28, with the offering expected to close on Mar. 31.
CoreWeave, an AI-focused cloud computing company, has seen exponential revenue growth, reaching $1.9 billion in 2024—a 737% increase from the prior year. However, the company remains unprofitable, <a href="https://in.benzinga.com/news/ipos/25/03/44100280/nvidia-backed-coreweave-files-for-ipo-amid-explosive-ai-growth-revenue-surges-737-to-1-9-billion">reporting a net loss of $863 million</a> in 2024.
A key driver of CoreWeave's success is its strategic partnerships and customer base, which includes OpenAI, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). 
See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44528332/trump-pardons-nikola-founder-trevor-milton-short-seller-jim-chanos-reacts-please-tell-me-this-is-a-hoax">Trump Pardons Nikola Founder Trevor Milton, Short Seller Jim Chanos Reacts: &#8216;Please Tell Me This Is A Hoax&#8217;</a>
Why It Matters: Microsoft accounted for 62% of CoreWeave's revenue in 2024, raising concerns about revenue concentration. However, CoreWeave anticipates that Microsoft's share of future committed contract <a href="https://in.benzinga.com/news/ipos/25/03/44520808/nvidia-backed-coreweave-ipo-5-things-investors-need-to-know-before-buying-shares">revenue will decline to below 50%</a>.
Nvidia, a major supplier of GPUs for CoreWeave's AI cloud infrastructure, holds a 5.96% stake in the company pre-IPO, with expectations of a slight reduction post-offering. The semiconductor giant has committed to a $250 million anchor investment at the IPO price, while OpenAI <a href="https://in.benzinga.com/markets/equities/25/03/44240048/openai-secures-near-12-billion-coreweave-deal-taking-stake-in-cloud-firm-ahead-of-35-billion-ipo-to-reportedly-reduce-microsoft-dependence">plans to invest $350 million</a> through a private placement after the IPO.
CoreWeave operates 32 data centers with <a href="https://in.benzinga.com/news/ipos/25/03/44520808/nvidia-backed-coreweave-ipo-5-things-investors-need-to-know-before-buying-shares">over 250,000 GPUs dedicated to AI workloads</a>. The company aims to expand its infrastructure, extend its enterprise reach, and pursue international growth, positioning itself as a leading AI hyperscaler amid soaring demand for compute power.
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia-Backed CoreWeave's IPO Comes In Below Expectations At $40 Per Share

AI could soon write 90% of software code in as few as three to six months, Anthropic CEO Dario Amodei said at a <a href="https://www.youtube.com/watch?v=esCSpbDPJik">Council on Foreign Relations</a> event on March 10. He added that within 12 months, nearly all coding tasks might be handled by AI. Human developers, however, will still be needed to provide design inputs and set operational parameters for these models.
<h2 class="wp-block-heading">AI Code Revolution</h2>
Anthropic, co‑founded by Amodei in 2021 after his stint at OpenAI, has attracted billions in funding from major tech companies such as <a href="https://www.benzinga.com/startups/25/02/43681931/googles-ai-ambitions-spark-cost-cuts-over-25000-employees-offered-buyouts-as-company-focuses-on-speed-and-efficiency">Google</a> and Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>). In March, Amodei stated that in time, AI systems will take over tasks previously done by human programmers, expanding their reach into nearly every industry.
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<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.55 per share now</a>.</li>
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Garry Tan, president and CEO of startup incubator Y Combinator, said in an <a href="https://www.youtube.com/watch?v=coojA-odaTk">interview </a>with CNBC that 25% of founders in the Winter 2025 batch relied heavily on AI, with 95% of their code generated by large language models.&nbsp;
The Winter 2025 batch refers to the cohort of startups participating in Y Combinator&#8217;s accelerator program during the winter of 2025.
OpenAI CEO Sam Altman suggested that students should master AI tools just as previous generations learned to code. In a <a href="https://www.youtube.com/watch?v=L_Guz73e6fw&amp;utm">recent interview </a>with Ben Thompson of "Stratechery," Altman said, &#8220;The obvious tactical thing is just get really good at using AI tools.&#8221;
The integration of AI in coding is already showing benefits. According to <a href="https://www.reuters.com/technology/artificial-intelligence/jpmorgan-engineers-efficiency-jumps-much-20-using-coding-assistant-2025-03-13/">Reuters</a>, JPMorgan Chase&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) global chief information officer, Lori Beer, said that its AI coding assistant increased software engineers' productivity by up to 20%, allowing them to concentrate on high‑value projects in artificial intelligence and data.
Trending: This startup is on the brink of a huge disruption to a $654 billion industry – <a href="https://www.benzinga.com/money/venhub-adv">invest in it for under $10 before it's too late</a>.
In addition, the <a href="https://www.bls.gov/ooh/computer-and-information-technology/software-developers.htm">Bureau of Labor Statistics</a> projected a 18% growth in software development jobs from 2023 to 2033, adding approximately 303,700 new jobs over the decade.
Ethical concerns accompany these advancements. Accountability, bias, and potential security vulnerabilities in AI-generated code highlight the need for human oversight, as stated by<a href="https://allthingsopen.org/articles/ai-code-assistants-limitations"> All Things Open</a>, a technology conference focused on open-source software and emerging technologies.
Industry experts warn that AI-generated code requires strict human oversight to prevent compliance issues and security risks, according to <a href="https://venturebeat.com/ai/the-risks-of-ai-generated-code-are-real-heres-how-enterprises-can-manage-the-risk/">VentureBeat</a>. Without proper governance, unchecked AI-written code could introduce vulnerabilities. Automated guardrails are recommended to audit and secure AI-generated software, ensuring compliance with industry standards and legal requirements.
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Anthropic CEO Says AI Could Write '90% Of Code' In '3 To 6 Months'—Warns 'Every Industry' Will Be Affected

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/03/26/final-trades-chewy-wabtec-crown-castle-and-jpmorgan-chase.html">Halftime Report Final Trades</a>,&#8221; Joseph M. Terranova of Virtus Investment Partners named JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) as his final trade.
JPMorgan is scheduled to host a conference call on Friday, April 11, to review its first-quarter financial results. Analysts expect the bank to report quarterly earnings at $4.57 per share, up from $4.44 per share in the year-ago period. JPMorgan projects quarterly revenue of $43.72 billion, compared to $41.93 billion a year earlier.
Brian Belski of BMO Capital Markets named Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) <a href="https://www.benzinga.com/news/guidance/25/03/44493591/pet-goods-retailer-chewy-q4-earnings-better-than-expected-says-topline-growth-profitability-exceeded-guidance">as his final trade.</a>
Adding support to his choice, Chewy posted upbeat fourth-quarter earnings on Wednesday. The company reported a fourth-quarter adjusted EPS of 28 cents, up 55.6% year-over-year, compared to the consensus of 5 cents. The retailer of pet supplies reported sales of $3.25 billion. 
That's up 14.9% year over year, compared to the consensus of $3.2 billion and the management guidance of $3.18 billion-$3.2 billion.
Karen Firestone of Aureus Asset Management said Westinghouse Air Brake Technologies Corporation (NYSE WAB) is number one maker of railcars and rapid transit.
On the earnings front, Wabtec announced it will report first-quarter results before the opening bell on April 23.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here </a>
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC picked Crown Castle Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>).
As per the recent news, Crown Castle announced a CEO transition, naming Daniel Schlanger as Interim President and CEO.
Price Action:
<ul>
<li>Chewy shares fell 1.1% to close at $33.25 on Wednesday.</li>
<li>Wabtec declined 1% to settle at $187.69 during Wednesday's session.</li>
<li>Crown Castle shares gained 0.6% to close at $101.09 on Wednesday.</li>
<li>JPMorgan shares slipped 0.04% to settle at $251.03 during the session.</li>
</ul>
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Image: Shutterstock

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JPMorgan, Chewy, Wabtec And A Real Estate Stock: CNBC's 'Final Trades'

Discord Inc. is working with Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) and JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) on a potential initial public offering (IPO), which could take place as soon as this year.
What To Know: The timing of the potential IPO <a href="https://www.benzinga.com/25/03/44157952/discord-reportedly-exploring-ipo-in-2025heres-what-we-know-about-the-gaming-chat-titans-plans">remains uncertain</a>, and the company may adjust its plans or bring in additional advisers. Discord had previously considered a direct listing instead of a traditional IPO, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-03-26/chat-app-discord-is-said-to-work-with-goldman-jpmorgan-on-planned-ipo">reported</a>.
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Founded in 2015, Discord started as a communication tool for gamers but has since expanded its reach. The platform has become a hub for various online communities, including programmers, educators and hobbyist groups, who use its servers for collaboration and social interaction. 
The platform also offers voice, video and text communication, making it a popular choice for remote teams, study groups and live event hosting.
What Else: In 2021, Discord <a href="https://www.benzinga.com/m-a/21/04/20718322/discord-sets-aside-microsofts-acquisition-bid-in-favor-of-ipo-plan-revival-wsj">rejected</a> a $12 billion takeover offer from Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), opting to remain independent. Bloomberg reports that Discord saw its revenue quadruple between 2020 and 2024 to over $600 million annually.
Discord has also raised $1.1 billion in funding and was last valued at $14.7 billion in 2021, according to PitchBook data.
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April tends to be a favorable month for U.S. equities, and history makes a compelling case for this. Over the past 95 years, the S&amp;P 500 has gained an average of 1.1% in April, finishing <a href="https://www.benzinga.com/markets">higher 61% of the time.</a>
In April, the index notched some of its most powerful monthly rallies in history, surging 43.6% in April 1933 and 17.9% in April 2020. Yet, it&#8217;s not always been a smooth ride — the worst April returns were a 20% crash in 1932 and a 9.5% drop in 1970.
Zooming in on the past three decades, April's track record becomes even more convincing. 
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), the benchmark ETF tracking the S&amp;P 500, delivered an average gain of 1.9% over the last 30 Aprils, making it the second-best month of the year after November. SPY ended April in the green 77% of the time.
That said, 2025 has started on a cautious note. Through March 26, the S&amp;P 500 is down about 3% year-to-date. 
Yet history suggests a seasonal tailwind could soon be at play — especially in four specific sectors that have consistently outperformed the broader market in April.
<h3 class="wp-block-heading">Financials (XLF): Banks Lead The Earnings Charge</h3>
The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) has historically been April&#8217;s top-performing sector. 
Since its inception in 1999, XLF has risen an average of 2.7% during the month, with gains coming in 65% of the time. The seasonal strength is largely tied to the first-quarter earnings season, which kicks off in April and is typically led by major banks. Optimism surrounding annual earnings outlooks often provides a boost.
XLF has already outperformed the broader market in 2025, gaining 4.5% year-to-date. Within the sector, JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) stands out: Over the past 45 years, JPM shares have climbed an average of 2.6% in April, delivering positive returns 68% of the time.
<h3 class="wp-block-heading">Consumer Discretionary (XLY): Big Tech Retailers Deliver Spring Strength</h3>
The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) also posted a strong seasonal performance, rising 2.4% on average in April over the last 26 years. It has a 65% winning rate during the month.
April is historically the best month for Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), with an average gain of 7.6% and a 70% success rate. 
Likewise, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) tends to accelerate this time of year, with April returns averaging 5.9%, making it the second-strongest month for the electric vehicle maker, behind only November's 11.9% surge.
<h3 class="wp-block-heading">Materials (XLB): A Solid Spring For Commodities And Chemicals</h3>
The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) also delivered strong April sector performers. XLB has risen an average of 3.1% in April over the past 26 years, with a 65% win rate. The ETF is up about 3% year-to-date, suggesting some early momentum heading into April.
One heavyweight in the materials space, Linde plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NYSE">LIN</a>) — which represents roughly 20% of XLB's holdings — has consistently delivered in April. With 32 years of historical data, Linde has averaged a 3.5% gain in the month and ended April in positive territory 69% of the time.
<h3 class="wp-block-heading">Energy (XLE): The Strongest April Performer</h3>
Energy stocks have historically delivered the most robust gains in April, with the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) averaging a 4.1% return and closing the month higher 62% of the time. 
Yet, it&#8217;s worth noting that this impressive figure is skewed by an extraordinary rebound in April 2020, when XLE surged nearly 30% following a historic 35% plunge in March 2020 — a period marked by collapsing oil prices and pandemic-driven market chaos. 
Looking at long-term leaders within the sector, Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) shares have gained an average of 2.7% in April over the past 40 years, while Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) performed slightly better, rising 3.1% on average over the same period. 
Below is a table showing each sector&#8217;s average performance in April.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>ETF</th>
<th>Avg. April Return (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Real Estate&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>0.4%</td>
</tr>
<tr>
<td>Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>1.2%</td>
</tr>
<tr>
<td>Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>1.2%</td>
</tr>
<tr>
<td>Health Care&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>1.6%</td>
</tr>
<tr>
<td>SPDR S&amp;P 500 ETF Trust&nbsp;</td>
<td>1.9%</td>
</tr>
<tr>
<td>Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>1.95%</td>
</tr>
<tr>
<td>Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>2.4%</td>
</tr>
<tr>
<td>Consumer Discretionary&nbsp;Select Sector SPDR Fund</td>
<td>2.4%</td>
</tr>
<tr>
<td>Industrials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>2.6%</td>
</tr>
<tr>
<td>Financial Select Sector SPDR Fund </td>
<td>2.7%</td>
</tr>
<tr>
<td>Materials&nbsp;Select Sector SPDR Fund </td>
<td>3.1%</td>
</tr>
<tr>
<td>Energy&nbsp;Select Sector SPDR Fund</td>
<td>4.07%</td>
</tr>
</tbody>
</table>
</figure>
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Sector ETFs

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Select Sector SPDR-Consumer Discretionary

These 4 S&P 500 Sectors Could Outperform The Market In April, If History Has A Say

JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) has outperformed the market over the past 20 years by 2.38% on an annualized basis producing an average annual return of 10.63%. Currently, JPMorgan Chase has a market capitalization of $711.47 billion. 
Buying $1000 In JPM: If an investor had bought $1000 of JPM stock 20 years ago, it would be worth $7,429.20 today based on a price of $254.45 for JPM at the time of writing.
<h3>JPMorgan Chase's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742999414_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning JPMorgan Chase Stock In The Last 20 Years

President <a href="https://www.benzinga.com/topic/donald-trump">Donald Trump</a>&#8216;s&nbsp;nominee to run the <a href="https://www.benzinga.com/topic/social-security">Social Security Administration</a>, Frank Bisignano, was questioned during a Tuesday Senate hearing about customer service improvements, erroneous payments and the potential privatization of the agency.&nbsp;
Bisignano previously served as CEO of Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), when the financial tech company's stock price more than doubled. He was also co-COO at JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and held other senior positions at Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>). Fortune Magazine <a href="https://fortune.com/2025/01/30/who-is-frank-bisignano-social-security-administration-trump-appointee-first-data-fiserv/">referred </a>to Bisignano&#8217;s &#8220;unmatched record as a crisis manager&#8221; who rebuilt Citigroup's decimated back-office operations after 9/11. 
<h2 class="wp-block-heading">A New Career Path</h2>
Asked where he stood on Elon Musk's efforts via DOGE to cut costs at the agency by firing workers and closing offices, Bisignano replied, &#8220;My objective is to come in and motivate the workforce we have &#8230; to be able to get our job right the first time for the American public.&#8221;
During Tuesday&#8217;s hearing, Bisignano said he plans to use artificial intelligence to identify and weed out fraud, waste and abuse within the system. He repeatedly referred to the current 1% payment error rate, which he says is &#8220;five decimal places too high.&#8221; 
<h2 class="wp-block-heading">Meanwhile, A Growing Crisis At SSA</h2>
The Washington Post <a href="https://www.washingtonpost.com/politics/2025/03/25/social-security-phones-doge-cuts/?utm_campaign=wp_post_most&amp;utm_medium=email&amp;utm_source=newsletter&amp;carta-url=https%3A%2F%2Fs2.washingtonpost.com%2Fcar-ln-tr%2F41c4f66%2F67e2d84d7347ac0732c0908f%2F59728921ae7e8a1cf4aab576%2F11%2F63%2F67e2d84d7347ac0732c0908f">reported</a> Tuesday that the SSA website crashed four times in 10 days this month and the agency is in a deep crisis.
"The federal agency that delivers $1.5 trillion a year in earned benefits to 73 million retired workers, their survivors and poor and disabled Americans is engulfed in crisis, further undermining its ability to provide reliable and quick service to vulnerable customers,&#8221; wrote the outlet. 
Former Labor Secretary <a href="https://in.benzinga.com/topic/robert-reich">Robert Reich</a> contends the SSA is not in crisis because it's running out of money and that raising the cap slightly on income subject to Social Security taxes would put the agency "in good shape forever."
Reich also <a href="https://robertreich.substack.com/p/why-social-security-is-in-the-worst?utm_source=substack&amp;publication_id=365422&amp;post_id=159585835&amp;utm_medium=email&amp;utm_content=share&amp;utm_campaign=email-share&amp;triggerShare=true&amp;isFreemail=true&amp;r=wlhj&amp;triedRedirect=true">says</a> Musk is "dead wrong" in his fraud accusations because "Social Security has a payment accuracy rate of 99.7 percent. None of Musk's businesses comes close to matching that degree of accuracy."
Administrative costs, which Musk has bashed as wasteful, comprise only 0.5%, which Reich says are "the lowest by far of any large program in the public or private sector."
Though Trump swore he'd never touch Social Security, by empowering Musk, who has called the SSA a "Ponzi scheme," some say the buck stops with the president.
"What's going on is the destruction of the agency from the inside out, and it's accelerating," Sen. Angus King (I-Maine) told the Washington Post. "What they're doing now is unconscionable." 
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Affirm Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) announced on Tuesday the expansion of its multi-year agreement with JPMorgan Chase &amp; Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) J.P. Morgan Payments unit, further integrating Affirm&#8217;s pay-over-time solutions <a href="https://www.benzinga.com/pressreleases/25/03/b44472945/affirm-inks-deal-with-j-p-morgan-payments-to-deliver-more-flexible-transparent-payments-to-merchan" target="_blank" rel="noreferrer noopener">into the bank&#8217;s Commerce Platform</a>.
This collaboration allows U.S. merchants within the J.P. Morgan Payments network to offer Affirm&#8217;s flexible, transparent financing options at checkout, making it easier for consumers to manage their purchases.
According to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, Affirm stock has gained over 41% in the past year. Investors can gain exposure to the stock via&nbsp;Pinnacle Focused Opportunities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCUS#NYSE">FCUS</a>).
The partnership comes at a time when consumer adoption of Affirm is accelerating.
Active consumers grew 23% year-over-year, reaching a record 21 million, while Gross Merchandise Volume surpassed $10 billion, reflecting a 35% year-over-year increase in the quarter ending Dec. 31, 2024.
By integrating Affirm into the checkout process, merchants can offer customers a variety of financing options, including biweekly or monthly plans.
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Affirm&#8217;s proprietary real-time underwriting technology ensures a smooth and quick eligibility check, offering flexible payment terms for purchases ranging from $35 to $30,000 with terms from 30 days to 60 months. Affirm is known for its commitment to transparency, as it does not charge any late or hidden fees.
Merchants that integrate Affirm into their checkout experience see 70% higher average cart sizes and nearly 30% fewer abandoned carts, according to Affirm&#8217;s data.
Affirm Chief Revenue Officer Wayne Pommen was excited over the expanded collaboration, noting that it significantly broadens Affirm&#8217;s reach, helping more businesses provide customers with the flexibility and transparency they expect in today&#8217;s retail environment.
AFRM Price Action: Affirm shares are trading lower by 2.89% to $51.07 at publication on Tuesday.
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JPMorgan Chase's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) short percent of float has fallen 5.41% since its last report. The company recently reported that it has 29.24 million shares sold short, which is 1.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>JPMorgan Chase Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742910316_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for JPMorgan Chase has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing JPMorgan Chase's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, JPMorgan Chase's peer group average for short interest as a percentage of float is 1.16%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Ideas

Looking Into JPMorgan Chase's Recent Short Interest

Agreement brings Affirm's payment solutions to U.S. merchants using J.P. Morgan Payments Commerce Platform
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.affirm.com%2F&amp;esheet=54228303&amp;newsitemid=20250325988579&amp;lan=en-US&amp;anchor=Affirm&amp;index=1&amp;md5=89db4c40100ed63450c20374831ac019">Affirm</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), the payment network that empowers consumers and helps merchants drive growth, announced today that it is deepening its multi-year agreement with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.jpmorgan.com%2Fpayments&amp;esheet=54228303&amp;newsitemid=20250325988579&amp;lan=en-US&amp;anchor=J.P.+Morgan+Payments&amp;index=2&amp;md5=08161acfa2e2f51b7d0351a076615a47">J.P. Morgan Payments</a>. The agreement will make Affirm's solutions available to J.P. Morgan Payments' network of merchants, enabling U.S. merchants using <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.jpmorgan.com%2Fpayments%2Fsolutions%2Fcommerce&amp;esheet=54228303&amp;newsitemid=20250325988579&amp;lan=en-US&amp;anchor=Commerce+Platform&amp;index=3&amp;md5=d1d8b595d10e6626f124d0711696c734">Commerce Platform</a> to offer Affirm's flexible and transparent pay-over-time plans at checkout.
This collaboration comes at a time when consumer adoption of Affirm is rapidly increasing. More consumers than ever are ‘Affirming' the purchases they want and need, with active consumers growing 23% YoY to a record 21 million and GMV surpassing $10B (up 35% YoY) in the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Finvestors.affirm.com%2Fstatic-files%2Fc08ea9a8-f0ac-4279-8201-5e2663b7f09f&amp;esheet=54228303&amp;newsitemid=20250325988579&amp;lan=en-US&amp;anchor=quarter&amp;index=4&amp;md5=11283ff8b01fe224a942006176614da4">quarter</a> ending December 31, 2024.

Affirm Inks Deal With J.P. Morgan Bringing Affirm's Payment Solutions To U.S. Merchants Using J.P. Morgan Payments Commerce Platform

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United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) shares are trading higher premarket on Monday after the company, along with JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), launched the new United Family of Cards, featuring enhanced benefits aimed at making flying <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44455526/chase-and-united-airlines-announce-new-and-enhanced-travel-benefits-for-united-mileageplus-cardmem" rel="noreferrer noopener">more rewarding and personalized</a>.
The new offerings come with unique benefits tailored to different travel preferences. Based on customer feedback from frequent flyers, casual travelers and small business owners, these cards are designed to enhance the travel experience and ensure maximum rewards.
Starting today, new and existing United MileagePlus Cardmembers can enjoy new benefits and enhancements, offering up to $800 in value for the Explorer Card and up to $2,000 for United Club Cards annually.
Cardmembers can also earn Premier qualifying points (PQPs), helping them reach loyalty status faster.
Also, the United Family of Cards is offering welcome bonuses ranging from 80,000 to 125,000 miles for new card members, depending on the card, now through May 7, 2025.
The company disclosed that the new annual fees and benefits for United MileagePlus Cardmembers will take effect immediately for new card members.
For existing members, new benefits start today, while annual fees will adjust on or after August 1, 2025, at the next renewal date, except for United Explorer Cardholders, whose fee change will occur on or after January 1, 2026, at the next renewal date.
This month, the airline announced the installation of Starlink on its first regional aircraft and more than 40 regional aircraft each month from <a target="_blank" href="https://www.benzinga.com/general/travel/25/03/44192357/united-airlines-starlink-rollout-to-boost-regional-aircraft-wi-fi-speed-by-50x" rel="noreferrer noopener">May through the end of 2025</a>.
Investors can gain exposure to UAL via&nbsp;U.S. Global Jets ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and&nbsp;First Trust Nasdaq Transportation ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>).
Price Action: UAL shares are up 2.84% at $77.00 premarket at the last check Monday.
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<li><a href="https://www.benzinga.com/news/large-cap/25/03/44450375/xpeng-reddit-and-nucor-are-among-top-10-large-cap-losers-last-week-mar-17-mar-21-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">XPeng, Reddit And Micron Tech Are Among Top 10 Large-Cap Losers Last Week (Mar 17-Mar 21): Are The Others In Your Portfolio?</a></li>
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Photo: Shutterstock

Large Cap

Contracts

FTXR

JETS

United Airlines And JPMorgan Roll Out Exclusive Benefits For New MileagePlus Cardholders, Including Welcome Bonuses

Jamie Dimon, CEO of&nbsp;JPMorgan Chase &amp; Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), addressed employees at a town hall meeting on Thursday at the bank&#8217;s&nbsp;Dallas corporate conference center in&nbsp;Plano, Texas.
What Happened: Dimon humorously opened the session, which lasted about an hour, with a joke, promising, "No swearing this time,&#8221; setting a relaxed tone, according to <a href="https://fortune.com/2025/03/21/jpmorgan-jamie-dimon-inflation-economy-return-to-work-wall-street-veterans-dei/">a</a> report by Fortune. He discussed his future at JPMorgan, stating he plans to remain CEO for a &#8220;few more years&#8221; before transitioning to a chairman role.
He also expressed interest in joining a nonprofit board post-JPMorgan, according to attendees.
Dimon addressed the bank&#8217;s diversity, equity, and inclusion (DEI) efforts, reaffirming its commitment to these initiatives.
However, Jennifer Piepszak, JPMorgan&#8217;s COO, announced a name change to DOI—diversity, opportunity, and inclusion—in a memo on Friday. The bank plans to reduce certain training and reallocate programs to different business lines.
See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44434973/tesla-record-highest-trade-ins-amid-backlash-against-ceo-elon-musk-surge-in-vandalism">Tesla Record Highest Trade-Ins Amid Backlash Against CEO Elon Musk, Surge In Vandalism</a>
Dimon also touched on the bank&#8217;s return-to-office policy, emphasizing the benefits of in-person work for young employees. Despite logistical challenges, he praised the facilities team for their efforts. The meeting followed a February session where Dimon faced employee frustration over the return-to-office mandate.
Why It Matters: The town hall meeting comes amidst ongoing discussions about JPMorgan&#8217;s return-to-office policy.&nbsp;Jamie Dimon has been <a href="https://www.benzinga.com/25/03/44300682/jamie-dimon-doubles-down-on-work-from-home-criticism-where-did-you-get-your-amazon-packages">vocal</a> about his stance&nbsp;on the importance of in-office work, arguing that remote work can hinder creativity and slow decision-making.
In a previous town hall, he addressed employee concerns, stating, &#8220;You don&#8217;t have to work at JPMorgan&#8221; if they disagreed with the policy.
Additionally, Dimon has weighed in on broader economic issues, highlighting concerns over geopolitical tensions and potential tariff impacts. During a conversation with Adobe CEO Shantanu Narayen, Dimon described the economy as experiencing a &#8220;soft landing&#8221; but noted the presence of significant turbulence.
He emphasized the uncertainty surrounding proposed tax plans and the impact of tariffs on the global economy.
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44447804/a-peek-inside-googles-100-day-ai-sprint-how-gemini-went-from-generating-controversial-images-to-emerging-as-a-chatgpt-rival">A Peek Inside Google&#8217;s 100-Day AI Sprint: How Gemini Went From Generating Controversial Images To Emerging As A ChatGPT Rival</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Jamie Dimon Reveals He Will Remain JPMorgan's CEO For 'Few More Years,' Jokes He Won't Swear This Time

Editor&#8217;s Note: The headline has been corrected to clarify VYLD&#8217;s description.
JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) has launched the Inverse VIX Short-Term Futures ETN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VYLD#NYSE">VYLD</a>), which is set to benefit if market volatility decreases. This was a bold (and somewhat contrarian) move, given that most market participants are expecting volatility to either continue or increase <a href="https://www.benzinga.com/topic/volatility">in the coming months.</a>
Also Read: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/03/44425769/3-etfs-to-watch-as-interest-rate-trends-take-a-turn">3 ETFs To Watch As Interest Rate Trends Take A Turn</a> Bloomberg reported that VYLD follows an index shorting futures on the CBOE Volatility Index (VIX). It returns 1% for each point VIX futures decline, before expenses. The ETN has an expense ratio of 85 basis points and short front- and second-month VIX futures contracts. <a href="https://www.benzinga.com/etfs">Volatility-linked ETNs</a> have a history of abrupt failures. In 2018, the VelocityShares Daily Inverse VIX Short-Term ETN plummeted more than 90% in one session, according to Bloomberg. Barclays also experienced problems in 2022 as a result of mistakes with volatility-linked notes. &#8220;This is a singular event,&#8221; Strategas senior ETF strategist Todd Sohn <a href="https://www.bloomberg.com/news/articles/2025-03-20/jpmorgan-enters-an-infamous-short-volatility-market-with-new-etn?sref=TBDibEcD">told</a> Bloomberg. &#8220;Shorting volatility — in a structure that doesn&#8217;t really get much scrutiny anymore: an ETN.&#8221; JPMorgan cites heightened market interest in volatility products. Brandon Igyarto, head of Americas structured investment distributor marketing at JPMorgan, said VYLD would have provided the same returns as other short VIX products but with lower drawdowns in sudden corrections. Part Of A Larger ETF Strategy JPMorgan oversees more than $190 billion in ETF assets, including the JPMorgan Ultra-Short Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPST#NYSE">JPST</a>), which holds more than $31 billion. VYLD is its newest addition, providing investors with a means to wager on lower volatility—albeit with great risk.
Read Next: 
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Photo: Shutterstock

New ETFs

JPST

J P Morgan Chase & Co Inverse VIX Short-Term Futures ETNs due March 22, 2045

VYLD

JPMorgan Launches New Product For Investors Betting On Falling Volatility (CORRECTED)

As President <a href="https://www.benzinga.com/topic/donald-trump">Donald Trump</a>&#8216;s tariffs shake up <a href="https://www.benzinga.com/markets/25/03/44411483/jamie-dimon-says-theres-a-lot-of-turbulence-out-there-amid-trump-tariffs-inflation-woes-and-geopolitical-risks">domestic industries</a> and rip up longstanding trade agreements with countries near and far, a certain billion-dollar industry might ultimately find itself in the green. 
If you guessed the cannabis industry, go to the head of the class.
Derek Chase, CEO of Los Angeles-based FLORA+BAST, contends that the unintended consequences of tariffs could push businesses toward more eco-conscious, locally sourced solutions. Chase quite likes the idea of developing home-grown solutions.
"Having more domestic options is a positive consequence of this extra tax layer and makes our USA-made goods more price competitive since our competition will likely want to raise prices to maintain profitability," he told Benzinga.
"But yes, since we love our Mexican suppliers and only aim to grow that part of the business, the 25% does pose higher costs for us. That said, the cost of packaging v. the price of our goods is a much smaller ratio than someone selling, say, peanuts," Chase said. 
Trump's 25% across-the-board tariffs on Mexico and Canada were enacted on March 4, though they were paused two days later until April 2. Then, on March 12, <a href="https://www.benzinga.com/news/25/03/44281882/canada-retaliates-with-20b-in-tariffs-on-us-goods-amid-trade-war">Canada retaliated</a> to Trump's steel and aluminum duties by imposing 25% tariffs on over $20 billion worth of U.S. goods.
"The short-term costs for a lot of businesses will be greatly impacted, but we believe this will bring more manufacturing back to the states and provide more options for eco-conscious businesses, especially those using glass," Chase said in an interview. 
George Sadler, CEO of Gelato Canna Co., says the tariffs will not negatively affect his business any more than any other business.
"Everyone will be affected so we will be on a level playing field. Most of our manufacturing products and final packaging are made in the United States. It will be the end user, the consumer that will feel the increase. We can only absorb so much in this volatile cannabis market."
JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO <a href="https://www.benzinga.com/topic/jamie-dimon">Jamie Dimon</a>, who <a href="https://www.benzinga.com/news/legal/25/01/43247421/jamie-dimon-says-jpmorgan-chase-probably-would-provide-services-to-cannabis-industry-once-federal-laws-permit">recently indicated</a> that the largest bank in the U.S.&nbsp;"probably would" provide banking services to marijuana businesses if/when federal laws permit, <a href="https://www.benzinga.com/markets/25/03/44411483/jamie-dimon-says-theres-a-lot-of-turbulence-out-there-amid-trump-tariffs-inflation-woes-and-geopolitical-risks">said this week</a> that the economy is in a &#8220;soft landing&#8221; phase, "but there's a lot of turbulence out there."
Despite the turbulence, Derek Chase remains optimistic. "All in all, it's a good thing — short-term price pressure should force businesses to look at domestic options and for businesses to sprout up in categories where they could not compete historically."
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Photo: Shutterstock

Cannabis

Exclusives

Interview

Trump's Tariffs Could Boost A Surprising Billion-Dollar Industry

&nbsp;Jamie Dimon, CEO of&nbsp;JPMorgan Chase &amp; Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), expressed his views on the current economic landscape, highlighting concerns over geopolitical tensions and potential tariff impacts.
What Happened: In a recent conversation with Abode (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) CEO Shantanu Narayen at Adobe&#8217;s annual summit, Dimon characterized the economy as being in a &#8220;soft landing&#8221; phase, "but there's a lot of turbulence out there." He underscored the uncertainty surrounding President Donald Trump&#8216;s proposed tax plan and the potential ramifications of tariffs on the global economy, <a href="https://fortune.com/2025/03/19/jamie-dimon-on-tariffs-geopolitics-and-the-misery-facing-the-bottom-20-of-u-s-earners/">reported</a> Fortune.
Geopolitical issues, especially the situations in Ukraine, Russia, and the Middle East, were also a point of concern for Dimon. He emphasized their impact on the future of free democratic societies.
On the topic of consumer spending in the U.S., Dimon noted a reduction in spending among lower-income individuals, while wealthier individuals remain significantly wealthier due to the rise in home&nbsp;and stock prices over the&nbsp;past two decades.
"The bottom 20% [of earners in the U.S.] didn't get a pay raise for 25 years; they're dying younger. Their schools aren't good and they live in crime-ridden neighborhoods,&#8221; stated Dimon as he expressed concern.
Addressing inflation, Dimon expressed optimism for its decrease. He acknowledged that the transition to a green economy and trade restructuring could lead to inflation, advising the audience to focus on long-term trends rather than the latest inflation reports.
SEE ALSO: <a href="https://www.benzinga.com/25/03/44410584/amid-bitcoins-decline-gold-backed-cryptos-have-returned-solid-gains-this-year">Bitcoin&#8217;s Recent Struggles Aside, Gold Hit A New All-Time High Shining A Bright Spotlight On These Precious Metal Cryptos That Rocked In 2025</a>
Why It Matters: Trump&#8217;s recent tariff announcements have received mixed reactions from leading economists. While, Lawrence H. Summers, former U.S. Treasury Secretary,<a href="https://editorial.benzinga.com/wp-admin/post.php?post=833010&amp;action=edit"> strongly criticized</a> recent tariff policies, cautioning against potential recession risks and adverse long-term effects.
However,&nbsp;Justin Wolfers, Senior Fellow at&nbsp;Brookings Institute,&nbsp;stated that a recession is ‘not inevitable,' while reasoning that Trump inherited a robust U.S. economy and has not been in office long enough to significantly alter it.
Dimon&#8217;s recent remarks at the Adobe summit provide further insight into his perspective on the broader economic landscape, highlighting potential challenges and uncertainties that could impact the global economy and consumer spending.
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ADBE

Jamie Dimon Says 'There's A Lot Of Turbulence Out There' Amid Trump Tariffs, Inflation Woes And Geopolitical Risks

Press Releases

Make-A-Wish and Chase Renew Partnership to Make Travel Wishes Come True for Children Facing Critical Illnesses

JPMorgan Chase Financial Company LLC Launches Inverse VIX® Short-Term Futures ETNs (NYSE Arca: VYLD)

Wall Street Pauses Rally Amid Fed's Interest Rate Decision

Chase and United Airlines Announce New and Enhanced Travel Benefits for United MileagePlus Cardmembers, Providing the Most Value It's Ever Offered

New Money Smart Financial Coaching Program (MSFCP) Organization Empowers College Students to Take Control of Their Financial Futures with Support from JPMorganChase

J.P. Morgan Asset Management Launches 2025 College Planning Essentials Guide

Real Estate

J.P. Morgan Real Estate Income Trust, Inc. Expands Portfolio with Acquisitions of Two Attainable Housing Assets

JPMorganChase, Quantinuum, Argonne National Laboratory, Oak Ridge National Laboratory, and University of Texas at Austin Advance the Application of Quantum Computing to Potential Real-World Use Cases Beyond the Capabilities of Classical Computing

First Responders Children's Foundation and JPMorganChase Announce Free Financial Wellness Education Program for First Responder Families

J.P. Morgan Asset Management Unveils New JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ)

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Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan)

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
11:10 AMFeb 20, 2025	CALL	$280.00	Jan 16, 2026	292	7	493	0	3371	SWEEP	BEARISH
10:20 AMFeb 20, 2025	CALL	$220.00	Feb 21, 2025	-37	12	188	1	838	TRADE	NEUTRAL
02:30 PMFeb 19, 2025	CALL	$285.00	Apr 17, 2025	18	1100	1000	36	3045	TRADE	BEARISH
11:02 AMFeb 19, 2025	CALL	$240.00	Mar 20, 2026	355	100	100	417	24	TRADE	BULLISH
11:25 AMFeb 13, 2025	CALL	$260.00	Sep 19, 2025	173	550	550	60	910	TRADE	BEARISH
09:53 AMFeb 13, 2025	CALL	$280.00	Jun 20, 2025	82	405	400	28	1471	SWEEP	BEARISH

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