There's at least one company that does not buy into the overly optimistic market forecast from JPMorgan's head quant Marko Kolanovic, who expects the S&P to keep rising until 3,000 and sees several more months of consistent buying. JPMorgan itself.
Acording to CityWire, the largest US bank is cutting hundreds of jobs across its asset and wealth management division, with the layoffs mainly affecting support staff and the company's wealth management business.
JP - Morgan - Employees - Asset - Wealth
JP Morgan has over 26,000 employees within its asset and wealth management division and...