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Wells Fargo says JP Morgan is likely to become the first bank with a market value above $1 trillion, and it maintained an overweight rating while raising its price target to $390 from $375, implying more than 7% upside to last Friday’s close. Analyst

2026-08-16

Wells Fargo says JP Morgan is likely to become the first bank with a market value above $1 trillion, and it maintained an overweight rating while raising its price target to $390 from $375, implying more than 7% upside to last Friday’s close. Analyst Mike Mayo wrote in a Thursday client note that JP Morgan’s “top-tier investment capabilities” could not only help it pass $1 trillion but could see it reach $2 trillion in about 7–8 years. Mayo cited share gains across major businesses, operational optimization, steadier profitability versus global peers, and the CEO-defined “robust balance sheet” as supporting factors.

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2026-08-16

According to Saudi media outlet Alhadath, the Egyptian president met with President Trump's special envoy Jared Kushner in El Alamein, where they discussed the necessity for all parties to fulfill their obligations under the Gaza Agreement. Al-Arabi

According to Saudi media outlet Alhadath, the Egyptian president met with President Trump's special envoy Jared Kushner in El Alamein, where they discussed the necessity for all parties to fulfill their obligations under the Gaza Agreement. Al-Arabiya TV, citing sources, reported that Kushner will discuss with Hamas today the issue of pushing for the Gaza Governing Council to take over responsibilities. The council's senior Gaza representative, Maladinov, as well as representatives from Turkey, Egypt, and Qatar, will participate in the talks. Kushner and the Hamas delegation will discuss issues such as the international stabilization force, Israeli withdrawal, and humanitarian aid, with the goal of implementing Trump's plan, not renegotiating it. The focus will be on the necessity of ending the cycle of violence in Gaza.
2026-08-16

Al Arabiya's English-language satellite channel, citing military sources, reported that the Houthi rebels in Yemen have released hundreds of prisoners on the condition that they join the group and fight on various fronts across the country. According

Al Arabiya's English-language satellite channel, citing military sources, reported that the Houthi rebels in Yemen have released hundreds of prisoners on the condition that they join the group and fight on various fronts across the country. According to the sources, the Houthis have released 850 prisoners from prisons in Saada, Hajj, and Sana'a provinces on the condition that they join the fighting. The sources added that the group is also preparing to release approximately 1,400 prisoners from Dhamar province and deploy them to various fronts.
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