JPMorgan traders complain that bank doesn’t inform all staff of coronavirus cases at headquarters

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Some JPMorgan Chase traders are upset that they only learned about a coronavirus case in their building last week from press reports, CNBC has learned.

When the bank discovered that an employee on the fifth floor of its Manhattan headquarters had caught Covid-19, it quickly told those who had contact with the worker to quarantine for two weeks. It also fired off a memo on Sept. 13 to workers on that floor letting them know about the case.

But it didn’t tell workers elsewhere in its 47-floor tower at 383 Madison Ave. about the illness, and that irked some of the bank’s traders, according to people with direct knowledge of the situation.

“Why did I have to read about this in Bloomberg?” said one trader who declined to be identified criticizing his or her employer, referring to an article on the matter.

The episode highlights

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Demand at Planet Fitness better than anticipated – JPMorgan (NYSE:PLNT)

JPMorgan runs the latest numbers on Planet Fitness (NYSE:PLNT) with the gym operator in recovery mode.

“With >1,900 gyms (~95%) currently open (majority of closures remain in CA), the second derivative of membership cancellations should slow with the last bucket rolling off in Oct/Nov. Usage rates are at 70- 85% for the clubs opened in May versus the system-wide average at 60-65%, which is steady and currently ~30% of members are using the gym in a 30-day period vs 50% pre-crisis,” updates analyst John Ivankoe.

“Fewer membership adds from the senior population than the millennials is not surprising but overall demand has been on-par with last year despite no meaningful marketing since Jan/Feb 2020. September’s “$0 down and $10/month with no commitment” sale is just last July’s sale pushed back while the upcoming October sale is moved to the back half of November. NYE Times Square ads can expect a

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