JPM news sentiment

You saved $1.5M in your 401(k) — now the IRS wants $56,603 a year, and that's just the start

Envato Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Reaching $1.5 million in your 401(k) plan could feel like touching the finish line of a decades-long marathon. It's obviously a time for celebration. But there's someone else celebrating with you: the taxman. With such a large balance in your retirement account, you're potentially at risk of triggering required minimum distributions (RMDs) in your retirement, according to the IRS (1). Simply put, an RMD is the minimum amount you have to withdraw from your 401(k) each year during retirement — and it's fully taxable as ordinary income. Must Read Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold The tax breaks in Trump's 'big beautiful bill' expire after 2028 — and experts say most people won't act in time. What to do before the window closes This could be a problem even if you're several years away from age 73, when RMDs officially kick in, as there's probably not enough time to insulate such a large balance from taxes. Here's a closer look at why your RMDs and tax liability could be worse than you might think. 401(k) millionaire tax trap At the end of June 2026, the number of 401(k) accounts with balances of at least $1 million was roughly 1,059,396, according to data from the Empower Personal Dashboard (2). That's a time club, but if you're lucky enough to be in or near it, your tax planning needs special considerations. Not only are you subject to RMDs after the age of 73, but the exact amount you need to withdraw changes every year. The IRS uses the Uniform Lifetime Table (3) to determine your RMD every year, and the exact calculation requires your age and account balance on Dec. 31 of the previous year. So, if you had $1.5 million in 401(k) assets on Dec. 31, 2025, and you were precisely 73 years old at that time, your RMD for 2026 would be $56,603.77, according to the SEC's online calculator (4). And if you were 75 years old at the time, for instance, your RMD would be $60,975. That's not optional income. It's not "if you need it." The IRS requires it whether you spend it, reinvest it or just watch it land in a taxable brokerage account. And this is income on top of your other sources, such as Social Security, pension income, dividends from a brokerage account or rental income from a property portfolio. Story Continues In other words, the RMDs could be enough to bump you and your partner up to a higher tax bracket. And taxes are not the only concern. Higher total income could also trigger an income-related monthly adjustment amount (IRMAA), which increases your medical costs. For 2026, IRMAA kicks in at anything above $109,000 in annual income for individuals and above $218,000 for couples filing together, according to Medicare.gov (5). The good news: You can take steps to try to avoid this massive cost, with a little planning in advance. The better news: You don't have to do it alone. Read More: Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going How to rescue your retirement For those looking to minimize RMDs and their associated tax burden, there are several sophisticated tax moves that can help. Strategies like IRA Roth conversions (6) or qualified charitable distributions (QCDs) (7) can help mitigate the issue. To be most effective, you'll probably want to deploy these strategies as early as possible and with the right structure. Hiring a professional tax expert or financial advisor several years before you retire could be the savviest money move you can make, especially if you're a millionaire or relatively affluent. For instance, if you have a portfolio of $250,000 or more, pla

Sunrun (RUN) Stock Fair Value Falls As Analysts Weigh Growth Projects And Cash Risks

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Sunrun's latest internal fair value estimate has shifted from US$18.84 to US$17.05, signaling a more conservative stance on the stock's pricing. This reset lines up with recent Street research that balances enthusiasm for Sunrun's grid scale storage and AI related projects with concerns about execution, cash generation, and sector level risks. As you read on, you will see how these moving pieces shape the evolving Sunrun narrative and what that can mean for your own view on the stock. Stay updated as the Fair Value for Sunrun shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Sunrun. What Wall Street Has Been Saying 🐂 Bullish Takeaways Several firms, including JPMorgan, UBS, RBC Capital and Clear Street, continue to highlight Sunrun as a way to gain exposure to growing power demand linked to data centers, electrification and battery storage. RBC Capital, Barclays and Clear Street point to the Tesla and Renew Home framework as a key step for Sunrun in virtual power plants and grid services, with potential recurring, capacity linked revenue tied to its residential battery fleet. Roth Capital focuses on Sunrun's AI and datacenter pilot, seeing scope for relatively fast project paybacks and potential financial contribution in 2027 and 2028, which could support sentiment around longer term growth projects. 🐻 Bearish Takeaways Mizuho cut its Sunrun price target from US$22 to US$18 after the company reduced its fiscal 2026 cash generation guidance by 18% at the midpoint, citing a slower direct sales ramp, deeper affiliate cuts and higher rates, which reinforces execution risk and funding questions. GLJ Research questions the headline 16 GW figure in the Tesla and Renew Home agreement and sees only a fraction as home battery rated power, which in its view limits the scale of the opportunity and supports a more cautious stance on Sunrun's valuation. Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!NasdaqGS:RUN 1-Year Stock Price Chart We've flagged 3 risks for Sunrun. See which could impact your investment. How This Changes the Fair Value For Sunrun The fair value estimate for Sunrun has moved from US$18.84 to US$17.05. The revenue growth assumption has shifted from 4.70% to 3.36%. The net profit margin assumption has adjusted from 4.06% to 4.43%. The future P/E multiple has changed from 47.67x to 37.85x. The discount rate has moved from 12.46% to 12.54%. Story Continues Never Miss an Update: Follow The Narrative Narratives link Sunrun's business story to a financial forecast and fair value, tying together growth projects, risks, and assumptions. They update as new information comes through, so you can see how the thesis changes over time. Head over to the Simply Wall St Community and follow the Narrative on Sunrun to stay up to date on: How Sunrun's push into storage, grid services, and virtual power plants could support recurring revenue and margins as more home batteries are enrolled. The impact of cost efficiencies, rising demand for resilient home energy, and access to financing on Sunrun's long term earnings potential. Key risks from tax credit expirations, policy or regulatory changes, higher customer acquisition and servicing costs, and reliance on external capital. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fun

Data Center Firm Switch to File Confidentially for IPO

(Bloomberg) -- Switch Inc. filed confidentially for a US IPO, according to people familiar with the matter, joining its data center peers in tapping demand for exposure to the artificial intelligence theme. Most Read from Bloomberg OpenAI's New Device Will Be Hockey Puck-Sized and Cost Over $300 Iran Wants to Bar US, Israeli Ships From Hormuz in Peace Accord Trump Administration Considers Order on Autism and Vaccines Iran Says Agreement on Hormuz Shipping Reached With Oman Walmart Tests Fulfillment Cart Changes After Child Hit in Store The Las Vegas-based firm is working on a a listing that could take place as soon as in November, the people said. It's working with Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley on the offering, one of the people said. Separately, Ben Horowitz, co-founder of venture capital firm Andreessen Horowitz, is joining Switch's board, the people said, asking not to be identified as the information isn't public. Switch has been working on a funding round led by the firm, and could seek a valuation approaching $50 billion including debt, Bloomberg News reported in July. Details of the offering including the bank lineup and timing could still change, the people said. Representatives for Switch, Bank of America and JPMorgan declined to comment. Spokespeople for a16z, Citigroup, Goldman Sachs and Morgan Stanley didn't immediately respond to requests for comment. Switch, which is majority owned by DigitalBridge Group Inc., has data centers in Nevada, Michigan, Georgia and Texas, according to its website. The filing comes as data center owners as well as suppliers of equipment and services to the facilities are gathering cash this year through US first-time share sales. Blackstone Digital Infrastructure Trust Inc., a data-center acquisition vehicle, raised $2 billion in an IPO in May. Brookfield Corp.-backed Csquare Inc. raised $1.21 billion in an IPO last month. A group including DigitalBridge and Australian infrastructure manager IFM Investors Pty bought Switch in a 2022 deal valued at $11 billion including debt. DigitalBridge agreed last year to be acquired by SoftBank Group Corp. --With assistance from Dina Bass. Most Read from Bloomberg Businessweek How Apple and India Built an Alternative iPhone Production Hub Lululemon Is At War With Itself TikTok Withheld a Safety Feature From Millions. One Died by Suicide Armed With $10 Billion, Sequoia's Leaders Plan Its New Era RFK Jr.'s Cooking Show Is One Long, Boring Political Ad ©2026 Bloomberg L.P. View Comments

Greggs (LSE:GRG) Stock Fair Value Edges Higher After Mixed Analyst Target Changes

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Greggs sits at the centre of a fresh price target debate, with recent analyst work clustering around £19.60 and £22.10 per share. These targets reflect different views on how much upside remains after the recent rally, with one camp leaning on continued execution and efficiency gains and another more focused on a tighter margin of safety and execution risk. In the sections that follow, you will see how this split view is shaping the evolving narrative around Greggs and what to watch next. Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value Greggs. What Wall Street Has Been Saying 🐂 Bullish Takeaways JPMorgan remains constructive on Greggs and recently lifted its price target to 2,210 GBp from 2,050 GBp. This sits toward the upper end of the current analyst range. The higher JPMorgan target suggests confidence that Greggs can continue to justify a premium valuation if it executes on its current plans and sustains its operating model. 🐻 Bearish Takeaways RBC Capital downgraded Greggs to Sector Perform from Outperform and set a 1,960 GBp price target, citing a view that additional cost savings could be harder to achieve from here. RBC also points to the recent share rally as a reason for a more cautious stance. This signals concern that the risk and reward profile has become less attractive if execution stumbles. Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!LSE:GRG 1-Year Stock Price Chart We've flagged 2 risks for Greggs. See which could impact your investment. How This Changes the Fair Value For Greggs Fair value moved from about £17.01 to roughly £17.77 per share. Revenue growth moved from about 6.75% to roughly 6.46%. Net profit margin moved from about 5.42% to roughly 5.76%. Future P/E moved from about 16.10x to roughly 15.40x. Discount rate moved from about 9.60% to roughly 9.51%. Never Miss an Update: Follow The Narrative Narratives connect Greggs' business story to a structured forecast and fair value, so you can see how the latest news fits into a bigger picture. They refresh as new data, estimates, and risks come through. Head over to the Simply Wall St Community and follow the Narrative on Greggs to stay up to date on: How Greggs is using new store formats, drive thrus, and digital ordering to grow its food on the go reach without relying solely on existing sites. The role of value pricing, menu changes, and supply chain investments in supporting revenue and margin assumptions. Key threats such as slower like for like volumes, persistent cost inflation, UK concentration, climate effects on trading, and shifts toward healthier options or supermarket meal deals. Story Continues This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include GRG.L. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com View Comments

Diversified Banks Stocks Q2 Recap: Benchmarking JPMorgan Chase (NYSE:JPM)

Dala Group LLC Buys Shares of 8,234 JPMorgan Chase & Co. $JPM

Silicon Valley Capital Partners Has $1.33 Million Stake in JPMorgan Chase & Co. $JPM

Strategic Investment Advisors MI Raises Stake in JPMorgan Chase & Co. $JPM

California State Teachers Retirement System Reduces Stock Holdings in JPMorgan Chase & Co. $JPM

Castleark Management LLC Increases Position in JPMorgan Chase & Co. $JPM

Allspring Global Investments Holdings LLC Sells 28,646 Shares of JPMorgan Chase & Co. $JPM

Illinois Municipal Retirement Fund Raises Holdings in JPMorgan Chase & Co. $JPM

Bank of New York Mellon Corp Has $6.21 Billion Stake in JPMorgan Chase & Co. $JPM

Citizens Business Bank Lowers Stake in JPMorgan Chase & Co. $JPM

WealthPLAN Partners LLC Sells 3,413 Shares of JPMorgan Chase & Co. $JPM

Flagstone Financial Management Grows Stock Position in JPMorgan Chase & Co. $JPM

Janney Montgomery Scott LLC Has $523.08 Million Position in JPMorgan Chase & Co. $JPM

Jim Cramer Says Banks Like JPMorgan “Are Still Inexpensive”