Boiler Room: The Official Stock Market Discussion

Serious

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1st Round Playoff Exits

Interesting interview:

Basically they're saying that the oil companies are basically focused on making a full pivot to biofuels by 2040. They acknowledge that EV's will scale up, but manufacturing and large industries will relay on biofuels.


CEO Darren Woods reveals why his company predicted that by 2040 all new passenger car sales would be electric.


Tesla :wow:
 

Rickdogg44

RIP Charmander RIP Kobe
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Atlanta
Don't forget $JPM. :pachaha:
They didn't do shyt :to:. I misspoke on Citi. It was Wells Fargo

 

BlaxOps

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MiYaYo (Carol City)

BlaxOps

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MiYaYo (Carol City)
They didn't do shyt :to:. I misspoke on Citi. It was Wells Fargo

I guess I read the initial headlines wrong. I'm still cool with holding $JPM long term though.

JPMorgan Chase & Co. (JPM) shares rose 0.3% in aftermarket trading on Monday after the bank said it will keep its third-quarter dividend at $1 a share as it channels more capital to complete the Federal Reserve's 2022 annual stress test process. The bank's stress capital buffer (SCB) requirement is now 4%, up from the current 3.2% and its Standardized Common Equity Tier 1 capital ratio requirement including regulatory buffers is 12%, up from 11.2%. The Federal Reserve will provide the bank with its final SCB requirement by Aug. 31 , effective on Oct. 1 through Sept. 30, 2023 . JPMorgan said its board plans to maintain its third-quarter dividend flat "in light of higher future capital requirements," the company said. In April, JPMorgan's board authorized a new common equity share repurchase program of $ 30 billion , effective May 1 . This program remains in place.
 
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