ADVERTISEMENT

What you need to know on Wall Street today

Hello. Here's what you need to know on Wall Street today.

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.

ADVERTISEMENT

It's evident when JPMorgan CFO Marianne Lake talks about the bank's opportunity to "delight" customers. Or when co-president Gordon Smith sends a memo to staff highlighting the bank's "customer obsession." CEO Jamie Dimon has even specifically referenced Amazon Prime.

That's right. It's clear that JPMorgan's taking inspiration from Amazon.

"Jeff Bezos has always looked at his company as being very customer-obsessed," Lori Beer, chief information officer at JPMorgan Chase, told Business Insider. "We’re thinking of JPMorgan Chase in the same light."

ADVERTISEMENT

Business Insider recently sat down with Beer, who oversees an annual tech spend of $10.8 billion and 50,000 technologists. You can read our full interview with Beer here.

Elsewhere in finance news, t

In markets news:

  • 'Losing direction': Allergan investors are unhappy after a wild 4-hour takeover drama
  • The market is stuck in a traffic jam — so Goldman Sachs has picked 14 stocks set to break the gridlock by exploding higher
  • Goldman Sachs' top oil gurus lay out a completely different take than Trump has on where prices should be
  • There's a new vape pen taking over America — and it has Wall Street worried about tobacco stocks

In tech news:

ADVERTISEMENT
  • Morgan Stanley just downgraded Apple — and it echoes a growing complaint among analysts
  • Inside Snapchat's charm offensive to get advertisers on board with augmented reality
  • A close look at the financial state of MoviePass shows how "scary" it is for investors
  • A soft spot in Amazon's core business will surprise investors in Q1, but Wall Street will have a bigger reason to celebrate

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Nigeria's economic ranking drops to fourth in Africa

Nigeria's economic ranking drops to fourth in Africa

Moscow inaugurates its House of Africa

Moscow inaugurates its House of Africa

The CBN justifies $2b billion loss in forex, dispelling Naira defense claims

The CBN justifies $2b billion loss in forex, dispelling Naira defense claims

10 best airports in Africa in 2024

10 best airports in Africa in 2024

10 most expensive cities in Africa in 2024

10 most expensive cities in Africa in 2024

Illegal money changers adapt to Zimbabwe's ZiG currency rollout

Illegal money changers adapt to Zimbabwe's ZiG currency rollout

Zimbabwe's ZiG currency printing contingent on reserve sufficiency

Zimbabwe's ZiG currency printing contingent on reserve sufficiency

The global workforce is set to collapse without Africa

The global workforce is set to collapse without Africa

500 millionaires fall off in Kenya - here’s why

500 millionaires fall off in Kenya - here’s why

ADVERTISEMENT