JPMorgan Chase & Co is testing a new research product to guard big-ticket clients from losses linked to the meme stock phenomenon that has captivated Wall Street this year.
Around 30 asset managers and quant fund managers have been trying out the “Through the Retail Lens” data offering since September, the bank said. It’s a response to the surprise that hammered investment professionals in January when day traders rushed in to buy stocks, sending the share price of firms including GameStop and AMC Entertainment Holdings soaring.
