El interés en corto de JPMorgan Chase da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de JPMorgan Chase. Los datos de interés en corto se actualizan cada dos semanas.

JPMorgan Chase (NYSE:JPM) Bolsa, Informe de interés en corto

JPMORGAN CHASE & CO

JPMorgan Chase

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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IBM, Goldman Sachs y JPMorgan lideran el Dow Jones en 2025, mientras Apple y UnitedHealth registran fuertes caídas.

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JP Morgan anuncia un aumento del dividendo trimestral y aprueba un plan de recompra de 50.000M$ . Las acciones reaccionan al alza.

Las acciones de JPMorgan están en tendencia el miércoles: ¿Qué está sucediendo?

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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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El analista y estratega financiero Tom Lee declaró el lunes que Ethereum (CRYPTO: ETH) desempeñará un papel crucial en el futuro del sector bancario, destacando la justificación para comprar y mantener en reserva la segunda criptomoneda más grande del mundo.

Ethereum, clave futura para stablecoins bancarias y reservas institucionales

Lime, the electric bike and scooter rental startup backed by <a href="https://www.benzinga.com/news/25/05/45232992/dub-raises-30m-with-backing-from-uber-ceo-dara-khosrowshahi-robinhood-co-founder-nate-rodland-to-let-users-copy-nancy-pelosis-stock-trades">Uber</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), has hired Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) and JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) to prepare for a U.S. initial public offering expected to launch next year,<a href="https://www.reuters.com/business/uber-backed-electric-bike-startup-lime-hires-banks-us-ipo-sources-say-2025-06-24/"> Reuters</a> reports.
Founded in 2017, Lime operates in more than 280 cities across nearly 30 countries, offering short-term rentals for electric bikes and <a href="https://www.benzinga.com/25/03/44353699/niu-q4-rides-high-on-demand-for-e-scooters-but-gross-margins-decline-amid-higher-costs">scooters</a>. According to Reuters, the San Francisco-based startup has been considering a public listing for several years, but the current uptick in IPO activity may provide a timely window to execute the move.
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</ul>
<h2 class="wp-block-heading">Lime's Financial Turnaround Gains Investor Attention</h2>
In February, Lime<a href="https://www.businesswire.com/news/home/20250218624910/en/Lime-Delivers-Record-Revenue-and-Profitability-Positive-Free-Cash-Flow-in-2024"> reported</a> a 32% increase in net revenue, reaching $686 million for 2024. The company also confirmed that it was free cash flow positive for the second year in a row, a rare feat in the micromobility sector, which has historically struggled to stay afloat.
Lime CEO Wayne Ting described 2024 as "an exceptional year" for the company, citing strong results across key financial and operational metrics, including record profits and expanded global reach.
&#8220;We grew profits faster than revenue in 2024, posting another record year of results through serving more than 24 million riders in hundreds of communities around the world and bringing Lime to more cities globally,&#8221; Ting said in a statement. &#8220;While we saw record demand in 2024, we're just scratching the surface of micromobility's potential to transform cities and better connect people.&#8221;
Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — <a href="https://www.benzinga.com/money/meet-the-company-seeking-to-give-americans-energy-independence-and-learn-how-you-can-become-an-early-investor">Become an Investor in This $41.3M Clean Energy Brand Today</a>
<h2 class="wp-block-heading">IPO Market Recovery Offers Fresh Opportunity</h2>
According to Reuters, the potential IPO follows a broader rebound in the U.S. public listing market, which raised nearly $27 billion in 2024 so far, a 45% increase compared to the same period last year.
Although the total still falls short of the 2021 record of $177 billion, companies like Circle Internet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>), which recently raised over $1 billion through an IPO, have signaled growing investor interest in growth-stage tech firms, Reuters says.
Lime's IPO may test investor sentiment in the micromobility space, where competitors like Bird have filed for bankruptcy in recent years, Reuters reports. Unlike others in its category, Lime received prior investment from Uber and is among the few micromobility firms still pursuing public markets. Uber led a funding round for Lime in 2020, at which time the company was reportedly valued at $510 million.<a href="https://www.reuters.com/business/uber-backed-electric-bike-startup-lime-hires-banks-us-ipo-sources-say-2025-06-24/">&nbsp;</a>
According to Reuters, sources familiar with the matter expect the upcoming IPO to value Lime significantly higher than its last reported valuation, although exact figures have not yet been disclosed.
See Also: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — <a href="https://www.benzinga.com/money/americans-spend-1000-per-year-on-plastic-water-bottles-kara-pod-gives-you-clean-drinking-water-by-pulling-moisture-from-the-air">And You Can Invest At Just $6.37/Share</a>
<h2 class="wp-block-heading">Lime Targets Urban Pollution With 43 Million Car Trip Replacements</h2>
Environmental sustainability remains a core focus for Lime as it scales globally. According to the company, Lime riders helped avoid an estimated 20,000 metric tons of CO₂ emissions in the last year by replacing car trips with shared electric vehicles.
Lime estimates its service replaced over 43 million car trips in 2024 and prevented the consumption of roughly 2.2 million gallons of gasoline, equal to approximately 8.5 million liters. The company says it also continues to lower its own operational footprint.
By offering electric scooters and bikes for trips under five miles, Lime says it aims to shift the way urban communities move while supporting city efforts to reduce traffic congestion and meet climate goals.
Read Next: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Image: Shutterstock

CRCL

UBER

Lime's Long-Awaited IPO Is Finally on Track: Uber-Backed Scooter Startup Reports $686M Revenue and 'Cash Flow Positivity'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$90.00</td>
<td>$86.9K</td>
<td>12.7K</td>
<td>4.9K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$400.00</td>
<td>$91.3K</td>
<td>8.4K</td>
<td>2.1K</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/25/25</td>
<td>$14.50</td>
<td>$206.8K</td>
<td>1.1K</td>
<td>636</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/11/25</td>
<td>$357.50</td>
<td>$30.0K</td>
<td>171</td>
<td>345</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$90.00</td>
<td>$51.0K</td>
<td>16</td>
<td>257</td>
</tr>
<tr>
<td>BULL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$10.00</td>
<td>$44.5K</td>
<td>2.7K</td>
<td>236</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$330.00</td>
<td>$36.9K</td>
<td>1.1K</td>
<td>195</td>
</tr>
<tr>
<td>MA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$585.00</td>
<td>$94.0K</td>
<td>100</td>
<td>137</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$70.00</td>
<td>$100.4K</td>
<td>678</td>
<td>80</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/17/27</td>
<td>$380.00</td>
<td>$31.0K</td>
<td>40</td>
<td>16</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option trade that happens to be bearish, expiring in 1 day(s) on July 3, 2025. This event was a transfer of 200 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $86.9K, with a price of $435.0 per contract. There were 12759 open contracts at this strike prior to today, and today 4928 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be neutral, expiring in 42 day(s) on August 15, 2025. This event was a transfer of 54 contract(s) at a $400.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $91.3K, with a price of $1692.0 per contract. There were 8492 open contracts at this strike prior to today, and today 2187 contract(s) were bought and sold. 
• Regarding SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we observe a call option trade with bearish sentiment. It expires in 21 day(s) on July 25, 2025. Parties traded 507 contract(s) at a $14.50 strike. The total cost received by the writing party (or parties) was $206.8K, with a price of $408.0 per contract. There were 1196 open contracts at this strike prior to today, and today 636 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a call option trade that happens to be neutral, expiring in 7 day(s) on July 11, 2025. This event was a transfer of 68 contract(s) at a $357.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $442.5 per contract. There were 171 open contracts at this strike prior to today, and today 345 contract(s) were bought and sold. 
• Regarding WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we observe a put option sweep with bearish sentiment. It expires in 77 day(s) on September 19, 2025. Parties traded 65 contract(s) at a $90.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $51.0K, with a price of $785.0 per contract. There were 16 open contracts at this strike prior to today, and today 257 contract(s) were bought and sold. 
• For BULL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BULL#NASDAQ">BULL</a>), we notice a call option trade that happens to be bearish, expiring in 77 day(s) on September 19, 2025. This event was a transfer of 100 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $445.0 per contract. There were 2769 open contracts at this strike prior to today, and today 236 contract(s) were bought and sold. 
• Regarding AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we observe a call option sweep with neutral sentiment. It expires in 14 day(s) on July 18, 2025. Parties traded 44 contract(s) at a $330.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $36.9K, with a price of $840.0 per contract. There were 1142 open contracts at this strike prior to today, and today 195 contract(s) were bought and sold. 
• For MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we notice a put option sweep that happens to be bullish, expiring in 77 day(s) on September 19, 2025. This event was a transfer of 33 contract(s) at a $585.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $94.0K, with a price of $2850.0 per contract. There were 100 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a put option trade that happens to be neutral, expiring in 196 day(s) on January 16, 2026. This event was a transfer of 80 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $100.4K, with a price of $1255.0 per contract. There were 678 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a call option sweep with bearish sentiment. It expires in 896 day(s) on December 17, 2027. Parties traded 16 contract(s) at a $380.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $1937.0 per contract. There were 40 open contracts at this strike prior to today, and today 16 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AFRM

BULL

COIN

HOOD

SOFI

10 Financials Stocks Whale Activity In Today's Session

Gen Z <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">employees</a> often stream TV shows or movies during the workday, with 84 % saying it helps them focus, according to a recent Tubi–Harris Poll <a href="https://corporate.tubitv.com/press/tubi-unveils-insights-on-how-marketers-can-navigate-the-shifting-entertainment-landscape-in-the-stream-2025/">survey</a>.&nbsp;
The survey found that more than half, 53%, slowed assignments to finish an episode, and 48% admitted to lying to supervisors about their on-screen habits.
<h2 class="wp-block-heading">Focus Drives The Stream</h2>
Remote work, born of pandemic necessity, turned homes into hybrid offices and mini screening rooms. As virtual meetings increased, background TV morphed from guilty pleasure to workflow tactic.&nbsp;
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Tubi's parent, Fox Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>, FOXA)), said the platform reaches<a href="https://corporate.tubitv.com/press/tubi-surpasses-97-million-monthly-active-users-and-10-billion-streaming-hours-in-2024/"> 97 million monthly viewers</a> in 2024, underscoring how entertainment infiltrates the workday. The same Harris dataset indicated that 81% say that watching ads is a fair trade-off for access to free content on streaming.
Demand carries a <a href="https://corporate.tubitv.com/press/tubi-unveils-insights-on-how-marketers-can-navigate-the-shifting-entertainment-landscape-in-the-stream-2025/">price tag</a>. According to Tubi and The Harris Poll, U.S. viewers shell out a combined $129 monthly on streaming and pay-TV bundles. In fact, 44% of young adults even cling to an ex-partner's login even after they broke up.
Workhuman, a human capital management software provider, defines a growing trend called "fauxductivity." In an<a href="https://www.workhuman.com/blog/the-faux-productivity-problem/"> August 2024 research brief</a>, Meisha-ann Martin, Ph.D., senior director of people analytics and research at Workhuman, said employees feel "expected to immediately respond to all messages," pushing some to stage activity—mouse jigglers, fake status lights—rather than confront burnout.&nbsp;
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation.&nbsp;</a>
The Global Human Workplace Index, conducted by Workhuman, surveyed 3,000 full-time staff in the U.S., U.K., and Ireland and found 48% of executives admitted faking output is common on their team.
Gallup's "<a href="https://www.gallup.com/workplace/349484/state-of-the-global-workplace.aspx">State of the Global Workplace</a>," published last month, reported that fully remote employees show higher engagement yet greater stress and loneliness than on-site peers. The firm said 45% of remote staff felt "a lot of stress yesterday," implying many turn to background shows for relief during solitary stretches.
"You can't learn working from your basement," JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO&nbsp; Jamie Dimon <a href="https://www.bloomberg.com/news/articles/2025-05-15/jpmorgan-s-dimon-on-work-from-home-rant-i-emoted-a-little-bit">told </a>Bloomberg in May, defending the bank's five-day office mandate for most employees.&nbsp;&nbsp;
Streaming platforms see an opportunity in changing work habits. According to the Tubi and The Harris Poll survey, 52% of Gen Z remote workers said they don't want to return to the office because they'd miss streaming during the day—a trend that appeals to advertisers targeting daytime audiences.
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Personal Finance

Gen Z Is Streaming Through The Workday — 84% Say It Boosts Focus, While Half Admit They've Delayed Tasks To Finish A Show

Whales with a lot of money to spend have taken a noticeably bearish stance on JPMorgan Chase.
Looking at options history for JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) we detected 41 trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 43% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $191,089 and 35, calls, for a total amount of $2,708,125.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $135.0 to $380.0 for JPMorgan Chase over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for JPMorgan Chase options trades today is 1418.91 with a total volume of 4,273.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for JPMorgan Chase's big money trades within a strike price range of $135.0 to $380.0 over the last 30 days.
<h3>JPMorgan Chase Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751572867_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/17/27</td>
<td>$55.8</td>
<td>$54.85</td>
<td>$55.8</td>
<td>$280.00</td>
<td>$267.8K</td>
<td>274</td>
<td align="right">2</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/17/27</td>
<td>$76.0</td>
<td>$75.95</td>
<td>$75.95</td>
<td>$250.00</td>
<td>$243.1K</td>
<td>135</td>
<td align="right">32</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/17/27</td>
<td>$60.25</td>
<td>$56.85</td>
<td>$58.3</td>
<td>$280.00</td>
<td>$186.5K</td>
<td>274</td>
<td align="right">83</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$81.0</td>
<td>$80.5</td>
<td>$80.5</td>
<td>$220.00</td>
<td>$161.0K</td>
<td>2.3K</td>
<td align="right">20</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$64.45</td>
<td>$63.0</td>
<td>$63.35</td>
<td>$235.00</td>
<td>$158.3K</td>
<td>517</td>
<td align="right">25</td>
</tr>
</tbody>
</table>

<h3>About JPMorgan Chase</h3>
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.
After a thorough review of the options trading surrounding JPMorgan Chase, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of JPMorgan Chase</h3>
<ul>
<li>Currently trading with a volume of 6,529,908, the JPM's price is up by 1.38%, now at $296.03. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 12 days.</li>
</ul>
<h3>Expert Opinions on JPMorgan Chase</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $291.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on JPMorgan Chase, which currently sits at a price target of $320. 
&#x2A; An analyst from Citigroup persists with their Neutral rating on JPMorgan Chase, maintaining a target price of $275. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for JPMorgan Chase, targeting a price of $240. 
&#x2A; Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on JPMorgan Chase with a target price of $298. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on JPMorgan Chase with a target price of $325. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest JPMorgan Chase options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

JPMorgan Chase Unusual Options Activity For July 03

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$90.00</td>
<td>$86.9K</td>
<td>12.7K</td>
<td>4.9K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$400.00</td>
<td>$91.3K</td>
<td>8.4K</td>
<td>2.1K</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/25/25</td>
<td>$14.50</td>
<td>$206.8K</td>
<td>1.1K</td>
<td>636</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/11/25</td>
<td>$357.50</td>
<td>$30.0K</td>
<td>171</td>
<td>345</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$90.00</td>
<td>$51.0K</td>
<td>16</td>
<td>257</td>
</tr>
<tr>
<td>BULL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$10.00</td>
<td>$44.5K</td>
<td>2.7K</td>
<td>236</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$330.00</td>
<td>$36.9K</td>
<td>1.1K</td>
<td>195</td>
</tr>
<tr>
<td>MA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$585.00</td>
<td>$94.0K</td>
<td>100</td>
<td>137</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$70.00</td>
<td>$100.4K</td>
<td>678</td>
<td>80</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/17/27</td>
<td>$380.00</td>
<td>$31.0K</td>
<td>40</td>
<td>16</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option trade that happens to be bearish, is expiring today. Parties traded 200 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $86.9K, with a price of $435.0 per contract. There were 12759 open contracts at this strike prior to today, and today 4928 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be neutral, expiring in 43 day(s) on August 15, 2025. This event was a transfer of 54 contract(s) at a $400.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $91.3K, with a price of $1692.0 per contract. There were 8492 open contracts at this strike prior to today, and today 2187 contract(s) were bought and sold. 
• Regarding SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we observe a call option trade with bearish sentiment. It expires in 22 day(s) on July 25, 2025. Parties traded 507 contract(s) at a $14.50 strike. The total cost received by the writing party (or parties) was $206.8K, with a price of $408.0 per contract. There were 1196 open contracts at this strike prior to today, and today 636 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a call option trade that happens to be neutral, expiring in 8 day(s) on July 11, 2025. This event was a transfer of 68 contract(s) at a $357.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $442.5 per contract. There were 171 open contracts at this strike prior to today, and today 345 contract(s) were bought and sold. 
• Regarding WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we observe a put option sweep with bearish sentiment. It expires in 78 day(s) on September 19, 2025. Parties traded 65 contract(s) at a $90.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $51.0K, with a price of $785.0 per contract. There were 16 open contracts at this strike prior to today, and today 257 contract(s) were bought and sold. 
• For BULL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BULL#NASDAQ">BULL</a>), we notice a call option trade that happens to be bearish, expiring in 78 day(s) on September 19, 2025. This event was a transfer of 100 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $445.0 per contract. There were 2769 open contracts at this strike prior to today, and today 236 contract(s) were bought and sold. 
• For AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we notice a call option sweep that happens to be neutral, expiring in 15 day(s) on July 18, 2025. This event was a transfer of 44 contract(s) at a $330.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $36.9K, with a price of $840.0 per contract. There were 1142 open contracts at this strike prior to today, and today 195 contract(s) were bought and sold. 
• Regarding MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we observe a put option sweep with bullish sentiment. It expires in 78 day(s) on September 19, 2025. Parties traded 33 contract(s) at a $585.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $94.0K, with a price of $2850.0 per contract. There were 100 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a put option trade that happens to be neutral, expiring in 197 day(s) on January 16, 2026. This event was a transfer of 80 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $100.4K, with a price of $1255.0 per contract. There were 678 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option sweep that happens to be bearish, expiring in 897 day(s) on December 17, 2027. This event was a transfer of 16 contract(s) at a $380.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $1937.0 per contract. There were 40 open contracts at this strike prior to today, and today 16 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

10 Financials Stocks With Whale Alerts In Today's Session

Arthur Hayes has laid out a detailed case for why the U.S. government, through <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45897485/treasury-secretary-scott-bessent-sees-stablecoin-market-surging-past-2-trillion-as-senate-a">Treasury Secretary Scott Bessent's policies</a>, is increasingly leaning on stablecoins as a financial tool to help fund growing federal deficits while keeping bond yields contained.
"The real stablecoin play isn't betting on crusty FinTechs like Circle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>), it's understanding that the U.S. government just handed Too Big To Fail (TBTF) banks the launch keys to a multi-trillion-dollar liquidity bazooka disguised as ‘innovation,'" Hayes <a href="https://cryptohayes.medium.com/quid-pro-stablecoin-c9daeb7aa569">wrote</a>.
Hayes contends that stablecoin adoption by TBTF banks, coupled with new regulatory advantages like Supplemental Leverage Ratio (SLR) exemptions and a potential end to the Federal Reserve's practice of paying interest on reserve balances, could unlock massive demand for Treasury bills.
He estimates that:
<ul class="wp-block-list">
<li>$6.8 trillion of T-bill buying power could be unlocked through stablecoin-fueled bank deposits.</li>
<li>An additional $3.3 trillion could be released if the Fed stops paying interest on reserves held by banks.</li>
</ul>
In total, this could flood the Treasury market with over $10 trillion of new demand, without the Fed formally resuming quantitative easing.
"Some of you are still waiting for monetary Godot," Hayes wrote, warning investors not to sit on the sidelines waiting for a traditional QE announcement. 
"The stablecoin Trojan horse is already inside the fortress, and when it opens, it's not armed with libertarian dreams, it's loaded with T-bill buying liquidity."
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46219486/microstrategy-of-ethereum-approach-gains-popularity-as-bitdigital-raises-163-million">&#8216;MicroStrategy Of Ethereum&#8217; Approach Gains Popularity As BitDigital Raises $163 Million</a>
According to Hayes, the structure of the Genius Act, a bipartisan stablecoin bill, ensures that major banks will dominate the stablecoin market. FinTech companies like Circle may find themselves sidelined as they lack access to the deposit base and government guarantees that banks enjoy.
Hayes highlighted JPMorgan's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) recently announced stablecoin, JPMD, as a key example. 
He suggests that banks will aggressively push customers to convert traditional deposits into stablecoins, offering cost efficiencies and freeing up trillions of dollars to purchase T-bills.
The stablecoin shift, Hayes argues, could boost profitability and stock valuations of large banks while creating a hidden liquidity source that supports both the Treasury market and risk assets like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and equities.
In Hayes' view, investors overly focused on waiting for a Federal Reserve pivot may miss the real liquidity story that is already taking shape. 
&#8220;Stop listening to the simp sitting in the cuck chair, and start listening to the man wielding the monster cock,&#8221; he wrote, in his typically provocative style, referring to Treasury policy as the more immediate market driver.
Hayes concludes that this policy pathway, while not officially labeled as quantitative easing, could have similar effects: surging liquidity, rising asset prices, and a potentially dramatic upside for Bitcoin and stocks tied to the largest U.S. banks.
Read Next: 
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46218569/jpmorgans-tests-carbon-credit-tokenization-on-the-blockchain">JPMorgan&#8217;s Tests Carbon Credit Tokenization On The Blockchain</a></li>
</ul>
Image: Shutterstock

$BTC

Arthur Hayes Shares His 'Stablecoin Play' — And It Isn't Betting On Circle

In a move that combines finance, politics, and a pinch of satire, Tuttle Capital Management on June 28 filed with the U.S. Securities and Exchange Commission to launch a <a href="https://www.benzinga.com/etfs">new exchange-traded fund</a> (ETF) under the ticker symbol GRFT.
Interestingly, GRFT (can be read as &#8220;grift&#8221;) is as unrepentant as it appears. The fund, which is proposing a 0.75% fee, hasn&#8217;t mentioned particular politicians or regimes in its papers, but it doesn&#8217;t have to. The name itself is a wink, a poke, and a headline generator. The ETF seeks to invest in firms with perceived political ties, ranging from members of Congress to acquaintances of the U.S. President, striking a balance between strategy and showmanship.
The objective? To convert political closeness into investment gains. The actively managed ETF will target companies that appear in congressional filings, enjoy presidential approval, or have direct or indirect connections to incumbents in public office. It even intends to roll out into cash and cash equivalents during times of increased volatility.
Also Read: <a href="https://www.benzinga.com/news/politics/25/07/46219518/trumps-new-fragrance-line-slammed-as-grifting-and-graft-by-critics-kicking-17-million-people-off-their-health-care">Trump&#8217;s New Fragrance Line Slammed As &#8216;Grifting And Graft&#8217; By Critics: &#8216;Kicking 17 Million People Off Their Health Care&#8217;</a>
Though the approach is eyebrow-raising, it&#8217;s not completely novel. Bloomberg pointed out that in 2023, the Unusual Whales Subversive Democratic (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NANC#BATS">NANC</a>) and Unusual Whales Subversive Republican Trading ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/GOP#BATS">GOP</a>) launched to mirror disclosed trading activity by lawmakers in accordance with the STOCK Act. Those funds were more bipartisan, though still eyebrow-raising, in their approach. GRFT ramps up the volume, though, with its branding, and a political bite that&#8217;s more pointed.
&#8220;There's certainly a cheeky theme to it,&#8221; said Steve Sosnick, chief strategist at Interactive Brokers, according to Bloomberg. &#8220;It's hard to differentiate yourself in a crowded ETF world and this seems like an opportune way to do it, although with a very pronounced political spin.&#8221;
GRFT&#8217;s debut also comes at the same time that there is increasing scrutiny around the financial dealings of senior government officials. President Donald Trump, for example, has recently ventured into <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45995223/genius-stablecoin-bill-clears-senate-but-trumps-crypto-profits-loom-over-momentum">cryptocurrency</a>, a <a href="https://www.benzinga.com/markets/tech/25/06/46087590/trumps-made-in-america-phone-plan-is-backed-by-a-little-known-network-based-in-his-miami-condo-whose-website-still-says-what-is-lorem-ipsum">cell phone company</a> and a <a href="https://www.nytimes.com/2025/07/01/style/trump-fragrances-victory-45-47.html">cologne</a> brand. 
White House Press Secretary Karoline Leavitt <a href="https://www.npr.org/2025/05/22/nx-s1-5407411/white-house-denies-conflicts-of-interest-as-trump-joins-dinner-for-meme-coin-investors">said</a> in May that &#8220;it&#8217;s absurd for anyone to insinuate that this president is profiting off of the presidency.&#8221;
Historically, making bets based on perceived political favoritism has not consistently outperformed the market. The timing of disclosures, disparate political signals, and the frenetic pace of news cycles can dull even the best-modeled strategies. Whether the fund can pierce the din with actionable information is yet to be determined.
Nevertheless, if the buzz on the street is to be believed, investors are at least interested. According to Bloomberg, NANC, which has $223 million in assets under management, has beaten the S&amp;P 500 this year. Its holdings include Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Conversely, GOP, which has $53 million in assets, has big-cap stalwarts such as JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and BlackRock&#8217;s Bitcoin ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>).
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/07/46231393/trumps-tax-blitz-is-an-etf-game-changer-are-you-ready">Trump&#8217;s Tax Blitz Is An ETF Game-Changer—Are You Ready?</a></li>
</ul>
Image: Shutterstock

New ETFs

ETFs

IBIT

NANC

GRFT ETF Seeks To Turn Political Power Plays Into Investor Gains

Evercore ISI Group analyst Glenn Schorr maintains JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) with a Outperform and raises the price target from $280 to $298.

Price Target

Analyst Ratings

Evercore ISI Group Maintains Outperform on JPMorgan Chase, Raises Price Target to $298

JP Morgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) shares are trending on Wednesday. Here&#8217;s a look at <a href="https://www.benzinga.com/news/financing/25/07/46213890/wall-streets-100-billion-payout-parade-jpmorgan-morgan-stanley-goldman-lead-capital-return-wave-after-acing-feds-2025-stress-test">what&#8217;s going on</a>.
What To Know: JPMorgan shares traded higher in after-hours Tuesday after the company announced a dividend increase and authorized a new buyback.
The company&#8217;s board announced that it intends to increase the quarterly stock dividend from $1.40 per share to $1.50 per share for the third quarter. 
JPMorgan&#8217;s board also announced a share repurchase program of $50 billion, effective as of Tuesday. 
&#8220;The Board's intended dividend increase, our second this year, represents a sustainable level of capital distribution to our shareholders and is supported by our strong financial performance. The new share repurchase program provides the ability to distribute capital to our shareholders over time, as we see fit,&#8221; said Jamie Dimon, chairman and CEO of JPMorgan. 
&#8220;Our fortress balance sheet, with significant excess capital and robust liquidity, enables us to be a pillar of strength — in both good times and bad times — allowing us to consistently serve our clients, communities, and countries throughout the world.&#8221;
The news comes after JPMorgan completed its stress test. The Federal Reserve lowered the bank&#8217;s Stress Capital Buffer requirement from 3.3% to 2.5% and its Standardized Common Equity Tier 1 capital ratio requirement from 12.3% to 11.5%. The new requirements are set to become effective on Oct. 1. 
JPM Price Action: <a href="http://benzinga.com/quote/JPM">JPMorgan shares</a> traded up to around $293 in after-hours trading Tuesday before pulling back. The stock was down 0.11% at $290.12 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46214540/palmer-luckey-peter-thiel-joe-lonsdale-launch-erebor-bank-for-startups-crypto-and-defense-a-digital-only-bet-on-the-post-svb-era-report">Palmer Luckey, Peter Thiel, Joe Lonsdale Launch Erebor Bank For Startups, Crypto And Defense — A Digital-Only Bet On The Post-SVB Era: Report</a></li>
</ul>
Photo: Shutterstock.

JPMorgan Stock Is Trending Wednesday: What's Happening?

JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) is working on a blockchain-powered system to <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44456074/tokenization-will-merge-crypto-and-equities-bernstein">tokenize carbon credits</a> as part of its efforts to improve tracking, transparency, and trading efficiency in the carbon markets.
What Happened: The U.S. bank's blockchain division, Kinexys, is collaborating with S&amp;P Global Commodity Insights, EcoRegistry, and the International Carbon Registry to launch a pilot project, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-07-02/jpmorgan-s-blockchain-unit-explores-tokenizing-carbon-credits?embedded-checkout=true">reported</a>.
The trial will test whether blockchain technology can help track carbon credits from issuance to retirement, potentially reducing market inefficiencies and enhancing traceability. 
Tokenization is gaining momentum across financial markets, with major institutions such as BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) and Deutsche Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>) exploring ways to digitize real-world assets like stocks and Treasury bills to streamline trade settlement.
JPMorgan believes applying similar digital solutions to the voluntary carbon markets could address longstanding challenges, including fragmented systems, inconsistent standards, and limited transparency. 
In a statement, the bank noted that a unified blockchain-based framework could enable carbon credits to move more easily between buyers and sellers.
&#8220;The voluntary carbon market is ripe for innovation,&#8221; said Alastair Northway, head of natural resource advisory at JPMorgan Payments. 
He added that blockchain-based tokenization has the potential to create a globally compatible system that could improve trust, price visibility, and liquidity in the market.
Carbon credits typically represent one metric ton of carbon dioxide either removed from or prevented from entering the atmosphere, often through renewable energy or forestry projects. 
Tokenizing these credits would create a digital version recorded on a blockchain, making them more easily verifiable and tradable.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46215827/bitcoins-halving-cycle-is-over-standard-chartered-affirms-what-that-means-for-you">Bitcoin&#8217;s Halving Cycle Is &#8216;Over&#8217;, Standard Chartered Affirms: What That Means For You</a>
Why It Matters: While carbon markets are seen as tools for supporting environmental projects and channeling investment to developing economies, they have faced criticism.
Allegations of greenwashing and instances where projects failed to achieve promised emissions reductions have raised concerns about the credibility of the sector.
Despite these issues, financial institutions and governments continue to show interest in advancing carbon markets. 
JPMorgan, which has financed carbon projects and purchased carbon removal credits, aims to position itself as a leader in this space.
In a report released Wednesday, JPMorgan described carbon markets as an emerging asset class that could grow stronger with better infrastructure and continued innovation. 
However, the bank cautioned that if these improvements do not materialize, the market could face further setbacks in credibility and demand. 
JPMorgan also noted that earlier tokenization attempts by other market players raised concerns about double-counting and the potential misuse of retired credits.
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Image: Shutterstock

JPMorgan's Tests Carbon Credit Tokenization On The Blockchain

Wall Street's biggest banks are rewarding shareholders with a wave of dividend hikes and buybacks totaling more than $100 billion, after clearing the Federal Reserve's 2025 stress test with capital left to spare.
What Happened: Last week, the Federal Reserve&#8217;s annual stress test, which gauges how well large institutions can withstand a severe recession scenario, showed all 22 participating firms remained comfortably above minimum capital requirements.
The aggregate common equity tier 1 (CET1) ratio dropped to a low of 11.6% under the hypothetical downturn, well above the regulatory threshold of 4.5%, according <a href="https://www.federalreserve.gov/publications/files/2025-dfast-results-20250627.pdf">to</a> the results published by the Fed.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46208521/circle-crcl-stock-bank-bid-crypto-stablecoins">Circle&#8217;s Bank Bid Could Be The Biggest Crypto Story Of The Year</a>
This means that even under the Fed's severely adverse scenario, which includes a deep recession, surging unemployment, and sharp declines in asset prices, the largest banks would still maintain a strong capital cushion, without requiring any government support.
As a result, several of the nation&#8217;s leading banks have wasted no time in announcing major capital return plans for shareholders. 
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) led the way with a 7% hike in dividends, alongside $50 billion in fresh stock buyback authorizations. This was the result of a lower stress capital buffer of 2.5%, down from 3.3%, allowing it to free up capital to return to investors.
Similarly, Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) authorized a $20 billion buyback program, along with a 10% hike in its dividends, followed by Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) and Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), all raising their dividends in response to the results, according to a report by Reuters.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">1-Day</td>
<td class="has-text-align-center" data-align="center">Year-To-Date</td>
<td class="has-text-align-center" data-align="center">Capital Return</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td class="has-text-align-center" data-align="center">+0.17%</td>
<td class="has-text-align-center" data-align="center">+21.00%</td>
<td class="has-text-align-center" data-align="center">7% dividend hike, plus $50 billion in buyback authorizations</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>)</td>
<td class="has-text-align-center" data-align="center">+0.15%</td>
<td class="has-text-align-center" data-align="center">+13.05%</td>
<td class="has-text-align-center" data-align="center">10% dividend hike, $20 billion in buybacks</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)</td>
<td class="has-text-align-center" data-align="center">-0.18%</td>
<td class="has-text-align-center" data-align="center">+22.87%</td>
<td class="has-text-align-center" data-align="center">Dividends up 33%, from $3 to $4 annualized</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)</td>
<td class="has-text-align-center" data-align="center">+1.77%</td>
<td class="has-text-align-center" data-align="center">+16.10%</td>
<td class="has-text-align-center" data-align="center">Dividends up 12.5%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)</td>
<td class="has-text-align-center" data-align="center">+1.35%</td>
<td class="has-text-align-center" data-align="center">+23.35%</td>
<td class="has-text-align-center" data-align="center">+7.1% Quarterly dividend increase from $0.56 to $0.60</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td class="has-text-align-center" data-align="center">+1.85%</td>
<td class="has-text-align-center" data-align="center">+8.72%</td>
<td class="has-text-align-center" data-align="center">Dividends hiked 8% to $0.28 per share, starting Q3 2025</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td class="has-text-align-center" data-align="center">+0.55%</td>
<td class="has-text-align-center" data-align="center">+9.23%</td>
<td class="has-text-align-center" data-align="center">&#8211;</td>
</tr>
</tbody>
</table>
</figure>
Why It Matters: While the major banks passed the tests with ease, analysts note that the simulated downturn <a href="https://www.benzinga.com/markets/equities/25/06/46158087/big-banks-pass-feds-2025-stress-test-with-ease-but-some-say-it-was-too-easy">made milder assumptions</a> compared to the previous year, featuring smaller declines in housing and commercial real estate prices, alongside a more moderate spike in unemployment.
The 2025 test also failed to include private equity and private credit risks that have since ballooned into a $2 trillion market over the years.
In 2024, the study results were <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39525918/major-banks-fall-short-in-feds-2024-stress-test-results-the-market-will-view-the-re">worse than expected</a> for most banks, with higher projected losses compared to the prior year. However, all 31 of the major banks met the capital requirements to address a severe crisis. 
Price Action: Shares of JPMorgan Chase were up 0.17% on Tuesday, at $290.41, and are up 0.64% after hours.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02022444/Screenshot-2025-07-02-at-11.54.28-AM-1024x146.png" alt="" class="wp-image-969746" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02022444/Screenshot-2025-07-02-at-11.54.28-AM-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02022444/Screenshot-2025-07-02-at-11.54.28-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02022444/Screenshot-2025-07-02-at-11.54.28-AM-768x109.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02022444/Screenshot-2025-07-02-at-11.54.28-AM.png 1532w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
JPMorgan scores well on Benzinga&#8217;s Edge Stock Rankings, and has a favorable price trend in the short, medium and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> to see how it compares with peers and competitors such as Goldman Sachs and Morgan Stanley. 
Read More: 
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</ul>

Macro Economic Events

Economics

Wall Street's $100 Billion Payout Parade: JPMorgan, Morgan Stanley, Goldman Lead Capital Return Wave After Acing Fed's 2025 Stress Test

Under the current Stress Capital Buffer ("SCB") framework, the Firm's preliminary SCB requirement provided by the Federal Reserve is 2.5% (down from the current 3.3%) and the Firm's Standardized Common Equity Tier 1 ("CET1") capital ratio requirement including regulatory buffers is 11.5% (down from the current 12.3%). The Federal Reserve will provide the Firm with its final SCB requirement by August 31, 2025, and that requirement will become effective on October 1, 2025 and will remain in effect until September 30, 2026.

JPMorgan Chase & Co. Preliminary Stress Capital Buffer Drops To 2.5% And CET1 Requirement Lowers From 12.3% To 11.5% For 2025-2026

<a href="https://www.jpmorganchase.com/ir/news/2025/jpmorganchase-plans-dividend-increase" title="https://www.jpmorganchase.com/ir/news/2025/jpmorganchase-plans-dividend-increase">https://www.jpmorganchase.com/ir/news/2025/jpmorganchase-plans-dividend-increase</a>

Dividends

JP Morgan Chase Intends To Increase Quarterly Dividend From $1.40 To $1.50 Per Share; Authorized A New Common Share Repurchase Program Of $50B, Effective July 1, 2025

The first half of 2025 has come to a close and 21 of the 30 stocks that make up the <a href="https://www.benzinga.com/topic/dow-jones-industrial-average">Dow Jones Industrial Average Index</a> are positive year-to-date.
Despite the impressive number of stocks with a positive performance in the first six months, the index was up around 4% with several of the components posting large declines.
2025 Performance: Through the first six months of the year, two <a href="https://www.benzinga.com/topic/magnificent-seven">Magnificent Seven stocks </a>are among the 10 best in the Dow Jones Industrial Average and two are among the 10 worst in the index based on performance.
Here's a look at the 10 best Dow Jones Industrial Average stocks in the first half:
<ol class="wp-block-list">
<li>International Business Machines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>): +34.1%</li>
<li>Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>): +23.6%</li>
<li>JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>): +20.9%</li>
<li>Boeing Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>): +18.4%</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): +18.0%</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>): +17.9%</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>): +17.6%</li>
<li>Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>): +17.2%</li>
<li>Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>): +13.6%</li>
<li>Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>): +12.3%</li>
</ol>
Here are the 10 worst performing Dow Jones Industrial Average stocks in the first half:
<ol class="wp-block-list">
<li>UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>): -38.3%</li>
<li>Merck &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>): -20.4%</li>
<li>Salesforce.com Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>): -18.4</li>
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>): -18.1%</li>
<li>Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>): -6.1%</li>
<li>Home Depot Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>): -5.7%</li>
<li>Procter &amp; Gamble Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>): -5.0%</li>
<li>Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>): -1.1%</li>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): Flat</li>
<li>McDonald's Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NASDAQ">MCD</a>): +0.8%</li>
</ol>
Overall the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), which tracks the index, was up around 4% in the first half of 2025. This was a lower gain than the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500, which had a 5.7% gain in the first half.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45932660/exclusive-sp-500-new-all-time-highs-again-2025">EXCLUSIVE: S&amp;P 500 To Hit New All-Time Highs Again In 2025? Majority Say Yes, 27% Predict This Range</a>
Why It's Important: Nvidia was one of the new Dow Jones components <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/12/42726598/dow-jones-2024-scoreboard-top-5-winners-losers-and-how-amazon-nvidia-could-reshape-2025">added in 2024</a> and the stock is one of the top performers in the first half of 2025. The stock replaced Intel, which was a top decliner in recent years.
The index also got rid of Walgreens, which was another poor performer in recent years. Its replacement Amazon was flat for the first half of 2025.
The new index makeup is showing strong signs of positive returns.
With 21 of the components positive year-to-date and one flat, this could mark one of the best years by the number of gainers in recent history.
In 2024, 18 of the 30 stocks were up for the full year. In 2023, 19 of the stocks in the index were up.
Perhaps most surprising is that two of the Magnificent Seven stocks rank among the worst performers in the first half of 2025, despite being part of the four Mag 7 members included in the Dow Jones Industrial Average.
Apple was the fourth-worst performer in the index for the first half, falling 18.1%. That marks a sharp reversal from its standout status as the only Dow Jones stock to rank among the top gainers in both 2023 and 2024.
Amazon ranked ninth with a flat return, as only eight of the components were down. 
The Dow Jones Industrial Average remains one of the most closely watched stock market indexes, serving as a gauge of overall market health. With only 30 stocks and a weighting based on stock price, rather than market capitalization, the index is less frequently used by some analysts and market experts than the broader S&amp;P 500 Index.
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Image created using artificial intelligence via Midjourney.

Dow Jones 2025 First Half Scoreboard: Top 10 Winners, Losers — Where Do Nvidia, Apple Stock Rank?

Goldman Sachs analysts are cautiously optimistic about the prospect of major U.S. banks returning more capital to shareholders <a href="https://www.benzinga.com/topic/dividend-stocks">through buybacks and dividends</a>. 
Thanks to regulatory changes and strong results in the Federal Reserve's latest stress tests (CCAR), the top five banks are sitting on an estimated $90 billion in excess capital.
The firm believes banks will gradually raise dividends and continue buybacks, especially as new Fed rules free up an estimated $5.5 trillion in balance sheet capacity. This gives banks more flexibility, especially in stressful times.
Among individual banks, Goldman Sachs names Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) and Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) as the "best-positioned stocks."  
<ul class="wp-block-list">
<li>Bank of America stands out for its strong interest income growth (projected 7% annually through 2026), cost discipline, and potential benefit from regulatory reform. Goldman sees upside to both earnings and capital returns, making the stock attractive at current valuations. The analyst rated the stock as Buy, with the price target lifted from $52 to $56.</li>
<li>Wells Fargo, with its regulatory asset cap lifted, is expected to boost growth in core banking and trading businesses. Cost-cutting efforts and efficiency improvements could lift profits significantly, with up to 19% earnings upside forecast. The stock is also rated Buy, with the price target raised from $86 to $92.</li>
</ul>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/595e3a7c988ca80001dc7d9c/richard-ramsden">Analyst Richard Ramsden</a> also revised estimates ahead of the second-quarter results of five other U.S. banks:
<ul class="wp-block-list">
<li>Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) &#8211; rated Buy, with price target raised from $85 to $96.</li>
<li>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) &#8211; rated Buy, with price target raised from $305 to $323.</li>
<li>US Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) &#8211; rated Neutral, with price target raised from $46 to $49.</li>
<li>PNC Financial Services Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) &#8211; rated Neutral, with price target raised from $178 to $196.</li>
<li>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) &#8211; rated Neutral, with price target raised from $136 to $147.</li>
</ul>
Ramsden expects banks to report sequential NII (net interest income) growth in the second quarter, due to an uptick in loan growth. The trading revenue environment "remains healthy" in the near term, he added.
Read More: 
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<li><a href="https://www.benzinga.com/markets/equities/25/06/46158087/big-banks-pass-feds-2025-stress-test-with-ease-but-some-say-it-was-too-easy">Big Banks Pass Fed&#8217;s 2025 Stress Test With Ease—But Some Say It Was Too Easy</a></li>
</ul>
Image: Shutterstock

Analyst Color

$90 Billion Capital Cushion Points To Serious Bank Shareholder Payday: Goldman Sachs

Artificial intelligence is taking over tax preparation at major brokerage houses, easing the burden on small and large investors. That means less time poring through spreadsheets, looking to save pennies, and more time growing long-term assets.&nbsp;
Traditionally, investors <a href="https://www.kiplinger.com/taxes/tax-planning/technology-unleashes-power-of-year-round-tax-loss-harvesting">calculated</a> the tax impact of trading losses once per year because it was so complex, often requiring extensive record-keeping. That meant waiting until the fourth quarter, or until brokers mailed a list of transactions in January on IRS Form 1099. Thankfully, high tech has now taken the wheel, according to Kiplinger, with automated tax-loss harvesting doing the math work.
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Federal rules allow investors who lose money on certain securities to deduct part of their losses from taxable income. Most of these calculations come into play with stocks, but index funds, bonds, <a href="https://www.rentastic.io/blog/capital-gains-tax-loss-harvesting#:~:text=Capital%20Gains%20Tax%20Overview,year%20(The%20Tax%20Adviser).&amp;text=Hits%20like%20regular%20income%20taxes,40.8%25%20for%20the%20big%20earners.&amp;text=More%20like%20a%20%22nice%20to,%25%20for%20the%20well%2Doff.&amp;text=Knock%20down%20both%20short%2D%252">real estate</a> and even cryptocurrency can meet loss requirements. Instead of doing-it-yourself, automated tax-loss harvesting can now match up those gains and losses daily.&nbsp;
Note: traditional 401(k) retirement accounts can't harvest losses because they are not taxed until distribution.&nbsp;
Automated harvesting is generally free for small investors through popular <a href="https://www.schwab.com/automated-investing/what-is-a-robo-advisor">robo-advisors</a>, requiring just a quick opt-in. According to Kiplinger, the AI harvests when an investor sells assets, including stocks, that have lost value and uses the proceeds to offset gains from other assets. However, these transactions can conflict with the equally arcane wash sale rule, which may change official entry and exit prices of affected instruments.
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<a href="https://www.benzinga.com/quote/JPM">JPMorgan Chase</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) <a href="https://www.chase.com/personal/investments/learning-and-insights/article/what-is-a-wash-sale-things-to-know#:~:text=The%20wash%2Dsale%20rule%20prevents,tax%20benefits%20of%20realizing%20losses.">explains</a> the wash sale rule, which triggers when you sell a security at a loss and buy a "substantially identical" security within 30 days. IRS created this market prohibition to "prevent taxpayers from deducting paper losses without significantly changing their market position." Harvesting AI solves this issue by considering wash sales when matching up transactions used to reduce capital gains and/or increase capital losses.
Extensive back-end record-keeping is needed for daily tax-loss harvesting. Kiplinger notes the complexity of this task, citing an example in which a portfolio has 15 securities, each with 15 tax lots, or groupings with the same entry price and time stamp. That equals 225 total lots needing review before any harvesting. Now, imagine how many terabytes are required to examine the thousands of trades done each year by some short-term players.
Harvesting and other broker tech now examine enormous records and match them daily. This adds to an automation trend that started in <a href="https://help.streetsmart.schwab.com/edge/1.6/Content/wash_sale.htm#:~:text=A%20Wash%20Sale%20occurs%20when,the%20loss%20can%20be%20taken.">2011</a> when the IRS required brokers to recalculate the security's cost basis in real time to account for wash sales. This is why some investors still scratch their heads, trying to figure out why the prices and profits reported on monthly statements don't match their transactions.
See Also: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — <a href="https://www.benzinga.com/money/americans-spend-1000-per-year-on-plastic-water-bottles-kara-pod-gives-you-clean-drinking-water-by-pulling-moisture-from-the-air">And You Can Invest At Just $6.37/Share</a>
<a href="https://www.kiplinger.com/retirement/how-direct-indexing-can-be-a-smarter-way-to-invest">Direct index</a> strategies have multiplied like rabbits since automated tax-loss harvesting came into popular use. In this scheme, large investors buy stocks of an index directly, and in proportion to the underlying <a href="https://www.benzinga.com/money/equal-weight-etfs">weighting</a>. Harvesting then consumes orders of magnitude more data than Kiplinger's example, capturing losses up to 40% of the portfolio, or "nearly double" common ETF-to-ETF trading strategies.
Despite its promise, the benefits of this artificial intelligence are negligible if small investors don't actively buy and sell stocks. As Kitces.com columnist Ben Hendry-Moreland <a href="https://www.kitces.com/blog/automated-tax-loss-harvesting-technology-software-value-risks-gaps-benefits/">notes</a>, much of this technology "fails to consider the individual tax circumstances." And he admits that, "in reality, not all investors may benefit from tax-loss harvesting."
Read Next: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Image: Shutterstock

This Tech Upgrade Could Save Investors Thousands in Taxes—Automatically

Financial analyst and strategist Tom Lee stated Monday that Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) will play a crucial role in the banking sector&#8217;s future, highlighting the rationale for buying and holding the second-largest cryptocurrency in reserves.
What Happened: During a CNBC interview, Lee was confident that financial behemoths such as 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>) would use Ethereum to <a href="https://www.benzinga.com/markets/cryptocurrency/25/06/45998961/ethereum-l2-chosen-for-jpmorgans-new-step-in-public-blockchain-space">power their stablecoin offerings</a>.
&#8220;Ethereum is also the architecture that future banks will have. When Goldman issues a stablecoin and JPMorgan doing it on Ethereum, as a Layer-1 blockchain they&#8217;re going to want to secure it by staking Ethereum,&#8221; Lee said. &#8220;We&#8217;re trying to get in front.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The ETH thesis for <a href="https://twitter.com/fundstrat?ref_src=twsrc%5Etfw">@fundstrat</a> is simple. He&#39;s frontrunning ETH accumulation by the banks. &quot;Ethereum is also the architecture that future banks will have. When goldman issues a stablecoin and JPMorgan doing it on Ethereum as Layer 1 blockchain they&#39;re going to want to secure it… <a href="https://t.co/MyyJz94rXw">pic.twitter.com/MyyJz94rXw</a>
&mdash; RYAN SΞAN ADAMS &#8211; rsa.eth &#x1f984; (@RyanSAdams) <a href="https://twitter.com/RyanSAdams/status/1939686608254460283?ref_src=twsrc%5Etfw">June 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Lee announced his new role as chairman of BitMine Immersion Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>), a small-cap Bitcoin mining firm that will transition to an Ethereum-focused treasury company, adopting ETH as its primary reserve asset.
He said that the company wants to &#8220;get in front&#8221; of the impending ETH accumulation by Wall Street giants.
BitMine shares skyrocketed on Monday, closing at $33.90, up 694%. As of this writing, the stock had an average Value rating and a poor Momentum. Visit Benzinga Edge Stock Rankings to see how Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the pioneer of a cryptocurrency treasury a, stacks up.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="548" height="248" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01013526/image-1.png" alt="" class="wp-image-967855" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01013526/image-1.png 548w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01013526/image-1-300x136.png 300w" sizes="(max-width: 548px) 100vw, 548px" /></figure>
Why It Matters: Ethereum works on a <a href="https://www.benzinga.com/money/how-to-stake-ethereum-eth#:~:text=What%20is%20Ethereum%20Staking%3F,have%20control%20over%20your%20money.">proof-of-stake model</a> where users contribute to the network&#8217;s security by staking ETH. It also lets users earn rewards in return.
Moreover, due to its smart contract capabilities and its role as a leading platform for decentralized finance applications, it plays a significant role in powering stablecoins. According to <a href="https://defillama.com/stablecoins/chains">DeFiLlama</a>, it has a stablecoin market capitalization exceeding $126 billion, the highest among all networks.
Price Action:  At the time of writing, ETH was exchanging hands at $2,482.94, down 0.85% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo Courtesy: alfernec on Shuttertsock.com Read Next: 
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</ul>

Ethereum The Next Big Thing In Banking? Tom Lee Thinks So And Wants This Small-Cap Company He Chairs To Front-Run The Likes Of Goldman Sachs, JPMorgan

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$93.00</td>
<td>$26.3K</td>
<td>2.8K</td>
<td>10.2K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$45.00</td>
<td>$64.0K</td>
<td>13.2K</td>
<td>1.6K</td>
</tr>
<tr>
<td>TFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$43.50</td>
<td>$99.0K</td>
<td>23</td>
<td>1.1K</td>
</tr>
<tr>
<td>OSCR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$25.00</td>
<td>$30.8K</td>
<td>2.2K</td>
<td>549</td>
</tr>
<tr>
<td>GPN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$100.00</td>
<td>$31.3K</td>
<td>227</td>
<td>482</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$380.00</td>
<td>$217.7K</td>
<td>1.5K</td>
<td>347</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/18/26</td>
<td>$65.00</td>
<td>$59.1K</td>
<td>137</td>
<td>283</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$7.00</td>
<td>$32.6K</td>
<td>14.5K</td>
<td>276</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$285.00</td>
<td>$60.1K</td>
<td>546</td>
<td>130</td>
</tr>
<tr>
<td>JEF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$50.00</td>
<td>$27.0K</td>
<td>107</td>
<td>51</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on July 3, 2025. This event was a transfer of 95 contract(s) at a $93.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.3K, with a price of $277.0 per contract. There were 2837 open contracts at this strike prior to today, and today 10245 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a call option sweep with bearish sentiment. It expires in 46 day(s) on August 15, 2025. Parties traded 200 contract(s) at a $45.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $64.0K, with a price of $320.0 per contract. There were 13252 open contracts at this strike prior to today, and today 1605 contract(s) were bought and sold. 
• Regarding TFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), we observe a call option trade with bullish sentiment. It expires in 18 day(s) on July 18, 2025. Parties traded 1100 contract(s) at a $43.50 strike. The total cost received by the writing party (or parties) was $99.0K, with a price of $90.0 per contract. There were 23 open contracts at this strike prior to today, and today 1101 contract(s) were bought and sold. 
• For OSCR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>), we notice a call option sweep that happens to be bearish, expiring in 81 day(s) on September 19, 2025. This event was a transfer of 134 contract(s) at a $25.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $233.0 per contract. There were 2250 open contracts at this strike prior to today, and today 549 contract(s) were bought and sold. 
• For GPN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>), we notice a call option sweep that happens to be bearish, expiring in 81 day(s) on September 19, 2025. This event was a transfer of 481 contract(s) at a $100.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $31.3K, with a price of $65.0 per contract. There were 227 open contracts at this strike prior to today, and today 482 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with neutral sentiment. It expires in 46 day(s) on August 15, 2025. Parties traded 102 contract(s) at a $380.00 strike. The total cost received by the writing party (or parties) was $217.7K, with a price of $2135.0 per contract. There were 1528 open contracts at this strike prior to today, and today 347 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a put option sweep with bullish sentiment. It expires in 445 day(s) on September 18, 2026. Parties traded 102 contract(s) at a $65.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $59.1K, with a price of $580.0 per contract. There were 137 open contracts at this strike prior to today, and today 283 contract(s) were bought and sold. 
• Regarding SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we observe a call option sweep with bearish sentiment. It expires in 564 day(s) on January 15, 2027. Parties traded 26 contract(s) at a $7.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $32.6K, with a price of $1255.0 per contract. There were 14565 open contracts at this strike prior to today, and today 276 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a call option sweep with bullish sentiment. It expires in 172 day(s) on December 19, 2025. Parties traded 25 contract(s) at a $285.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $60.1K, with a price of $2405.0 per contract. There were 546 open contracts at this strike prior to today, and today 130 contract(s) were bought and sold. 
• For JEF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>), we notice a call option trade that happens to be bearish, expiring in 18 day(s) on July 18, 2025. This event was a transfer of 50 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $540.0 per contract. There were 107 open contracts at this strike prior to today, and today 51 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

OSCR

PYPL

Barclays (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>) and its former CEO Jes Staley will have to defend themselves in a U.S. court over accusations that they misled shareholders about Staley's relationship with the <a href="https://www.benzinga.com/news/topics/25/06/45786407/jeffrey-epsteins-40-million-bet-on-peter-thiels-capital-firm-is-now-worth-170-million-but-his-victims-probably-wont-see-a-dime">late financier Jeffrey Epstein</a>.
A federal judge in Los Angeles ruled that there was sufficient ground for the case to proceed, allowing investors to pursue claims that the bank and its former chief intentionally concealed key information to safeguard Barclays&#8217; reputation and stock value, Reuters reported.
The class-action lawsuit, led by pension funds from New York and St. Louis, focuses on the period between July 22, 2019, shortly after Epstein's arrest, and October 12, 2023. 
Investors argue that Barclays continued to make misleading public statements even after the bank discovered emails suggesting Staley had described Epstein as being &#8220;like family.&#8221;
The complaint points to repeated assurances from Barclays indicating Staley's interactions with Epstein were strictly professional. 
Shareholders also challenge statements suggesting the British Financial Conduct Authority's investigation was limited to whether Staley knew about Epstein's alleged crimes, and not whether he witnessed them.
While U.S. District Judge Maame Ewusi-Mensah Frimpong allowed the core fraud claims against Barclays and Staley to proceed, she limited some parts of the case brought against Barclays Chairman Nigel Higgins.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46166208/bitcoin-etfs-extend-record-2-2b-net-inflows-to-extend-streak-to-11-weeks">Bitcoin ETFs Extend Record $2.2B Net Inflows To Extend Streak To 11 Weeks</a>
Neither Staley's legal team nor lawyers representing Barclays and Higgins provided comments when contacted on Thursday. 
The attorneys representing the shareholders also declined to immediately respond.
Jes Staley, who served as Barclays CEO from 2015 until 2021 and was previously a senior executive at JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), lost his appeal in London on Thursday against a potential ban from the financial sector. 
The UK's Financial Conduct Authority had proposed the ban last year, accusing him of misleading regulators about the nature of his Epstein connections. 
Staley has consistently denied knowing about Epstein's criminal activities and said he had no memory of certain compromising emails.
Epstein, arrested on sex trafficking charges in July 2019, died in his Manhattan jail cell five weeks later.
The case is Merritt v. Barclays Plc et al., filed in the U.S. District Court for the Central District of California under case number 23-09217.
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Image: Shutterstock

Barclays Faces Epstein Fallout As Former CEO Faces Trial

Strategists from JPMorgan have voiced concerns that the much-awaited Federal Reserve interest-rate cuts might not be as beneficial for stocks as investors hope.
What Happened:  JPMorgan strategists, led by Mislav Matejka, observed a growing anticipation of interest rate cuts from the Fed. However, they caution that the reasons behind these cuts might not bode well for stocks, according to a <a href="https://www.marketwatch.com/story/the-wrong-kind-of-fed-rate-cuts-are-coming-says-jpmorgan-what-that-means-for-stocks-bonds-and-the-dollar-2d31c6e1?mod=home_ln">MarketWatch</a> report.
The strategists outlined three possible scenarios for the rate cuts. The first is a situation where the Fed cuts rates due to a clear weakening of economic activity. The second scenario, referred to as the &#8220;Goldilocks&#8221; case, features robust growth alongside mild inflation, with no strain on consumer purchasing power. The third scenario involves rate cuts despite emerging inflation, possibly due to pressure from the U.S. administration for lower rates.
The strategists predict a blend of the first and third scenarios, where activity is slowing but inflation is on the rise. They caution that investors might be disappointed if this outlook materializes. They also noted that the dollar typically weakens into the cuts and continues to fall afterwards, while bond yields move lower.
&#8220;Historically, whenever the Fed resumed its easing cycle following a pause, the dollar tended to weaken and continue declining, while bond yields also dropped,&#8221; noted JPMorgan strategists. They now anticipate the U.S. dollar hitting &#8220;new lows in most scenarios&#8221; and expect U.S. bond yields to fall as well.
They also predict that emerging market stocks will perform well when the Fed eases, and are reiterating their overweight on the region. 
SEE ALSO: <a href="https://benzinga.com/news/politics/25/06/46162859/trump-threatens-to-cut-federal-funding-for-nyc-if-zohran-mamdani-doesnt-do-the-right-thing-as-future-mayor-if-he-does-get-in-im-going-to-be-president" target="_blank" rel="noreferrer noopener">Trump Threatens To Cut Federal Funding For NYC If Zohran Mamdani Doesn&#8217;t Do The &#8216;Right Thing&#8217; As Future Mayor: &#8216;If He Does Get In, I'm Going To Be President&#8230;&#8217; &#8211; Benzinga</a>
Why It Matters: The Fed&#8217;s decision to cut interest rates is contingent on various factors. Fed Chair Jerome Powell recently stated that while inflation has <a href="https://www.benzinga.com/markets/economic-data/25/06/46077396/powell-interest-rates-trump-inflation-tariffs">cooled </a>from its 2022 peak, it remains &#8220;somewhat elevated,&#8221; and the central bank is not ready to adjust interest rates yet. However, a &#8220;significant majority&#8221; of committee members expect to cut rates later this year.
One of the factors influencing the Fed&#8217;s decision is inflation data. Funsdtrat&#8217;s Tom Lee <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46088808/tom-lee-on-why-feds-holding-back-while-europe-eases-aggressively-thats-the-upside-opportunity-into-year-end">explained </a>that the European Central Bank&#8217;s decision to cut interest rates is linked to how it calculates core inflation—excluding housing costs. This differs from the U.S., where housing plays a significant role in inflation data. If the U.S. used Europe&#8217;s approach, its core CPI would appear lower than Europe&#8217;s, potentially justifying rate cuts.
Furthermore, the Fed&#8217;s decision on interest rates could be influenced by the next&nbsp;<a href="https://www.benzinga.com/news/25/06/46115346/trump-powell-fed-chairman-odds-dollar">Federal Reserve chair</a>. President&nbsp;Donald Trump&#8216;s shortlist for the next Fed chair is heating up, fueling bets on deep rate cuts, pressuring the dollar, and reigniting concerns over the Fed&#8217;s independence.
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<li>READ MORE: <a href="https://benzinga.com/markets/economic-data/25/06/46165307/us-credit-rating-would-fall-if-trumps-big-beautiful-bill-is-approved-says-thomas-massie-heres-what-it-means-for-americans" target="_blank" rel="noreferrer noopener">US Credit Rating Would Fall If Trump&amp;#39;s Big Beautiful Bill Is Approved, Says Thomas Massie: Here&amp;#39;s What It Means For Americans</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Fed Rate Cuts May Not Be A Win For Stocks, Warns JPMorgan — Expects Dollar And Bond Yields To Fall

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Bank of America

Banco Bradesco Sa American Depositary Shares

Bank Bradesco

Banco Bradesco Sa American Depositary Shares (each representing one Common Share)

Banco Bilbao Vizcaya Argentaria S.A. Common Stock

BBVA

Barclays

Banco Santander Brasil SA American Depositary Shares, each representing one unit

Banco Santander

Citigroup

First Citizens BancShares, Inc. - Class A Common Stock

First Citizens BancShares

Fifth Third Bancorp

HDFC Bank

HSBC Holdings

ICICI Bank

ING Groep

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares)

Itau Unibanco Holding

KB Financial Group

Lloyds Banking Group Plc American Depositary Shares

Lloyds Banking Group

Mizuho Financial Group, Inc. Sponosred ADR (Japan)

Mizuho Financial Gr

Mitsubishi UFJ Financial Group, Inc. Common Stock

Mitsubishi UFJ Finl Gr

Nu Holdings

NatWest Group plc American Depositary Shares, (each representing two (2) Ordinary Shares)

NatWest Group

PNC Financial Services Group, Inc. (The) Common Stock

PNC Financial Services Gr

Banco Santander, S.A. Sponsored ADR (Spain)

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

Sumitomo Mitsui Finl Gr

U.S. Bancorp

Wells Fargo

Evercore ISI Group

Morgan Stanley

B of A Securities

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