Last $58.74 USD
Change Today +0.68 / 1.17%
Volume 13.8M
JPM On Other Exchanges
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As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

jpmorgan chase & co (JPM) Snapshot

Open
$58.00
Previous Close
$58.06
Day High
$58.78
Day Low
$58.00
52 Week High
09/19/14 - $61.85
52 Week Low
11/1/13 - $51.30
Market Cap
220.9B
Average Volume 10 Days
20.1M
EPS TTM
$6.28
Shares Outstanding
3.8B
EX-Date
10/2/14
P/E TM
9.3x
Dividend
$1.60
Dividend Yield
2.66%
Current Stock Chart for JPMORGAN CHASE & CO (JPM)

jpmorgan chase & co (JPM) Details

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; and residential mortgages and home equity loans, as well as provides credit cards, payment services, payment processing services, and auto and student loans. The Corporate & Investment Bank segment provides investment banking, market-making, prime brokerage, and treasury and securities products and services to corporations, investors, financial institutions, and government and municipal entities. The Commercial Banking segment offers financial solutions, including lending, treasury, investment banking, and asset management services to corporations, municipalities, financial institutions, and non profit entities, as well as financing to real estate investors and owners. The Asset Management segment provides investment and wealth management services across various asset classes, such as equities, fixed income, alternatives, and money market funds; multi-asset investment management services; retirement products and services; and brokerage and banking services comprising trusts and estates, loans, mortgages, and deposits. The company was founded in 1799 and is headquartered in New York, New York.

242,388 Employees
Last Reported Date: 10/14/14
Founded in 1799

jpmorgan chase & co (JPM) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.5M
Chief Financial Officer and Member of Operati...
Total Annual Compensation: $3.8M
Chief Operating Officer and Member of Operati...
Total Annual Compensation: $7.3M
Chief Executive Officer of Corporate & Invest...
Total Annual Compensation: $8.9M
Chief Executive Officer of Asset Management a...
Total Annual Compensation: $5.7M
Compensation as of Fiscal Year 2013.

jpmorgan chase & co (JPM) Key Developments

JPMorgan Names New Heads of Investment Banking for France, Italy and Iberia

JPMorgan has named new heads of investment banking for France, Italy and Iberia as part of its strategy to bolster its operations across Europe, the Middle East and Africa (EMEA) region. In particular, Gregoire Haemmerle has been named head of investment banking for France. Ignacio De La Colina and Guido Nola have been given the same roles in Iberia and Italy, respectively. In his new role, Haemmerle will continue to report to Kyril Courboin, senior country officer for France. Nola, who was most recently responsible for the coverage of Italian institutional investors and strategic equity derivatives for corporates and financial institutions in Italy, will report to Francesco Rossi Ferrini, senior country officer for Italy. De La Colina, who was also a managing director in the bank's investment banking team, will continue to report to Enrique Casanueva, senior country officer for Iberia.

The European Commission Commission Settles RBS-JPMorgan Cartel in Derivatives Based on Swiss Franc LIBOR

The European Commission has found that two international banks, RBS and JP Morgan, participated in an illegal bilateral cartel aimed at influencing the Swiss franc Libor benchmark interest rate between March 2008 and July 2009. Such collusion is prohibited by EU antitrust rules. The banks agreed to settle the case with the Commission under a simplified procedure. RBS received immunity from fines for revealing the existence of the cartel to the Commission. JPMorgan was fined €61,676,000 after benefitting from a reduction of its fine for its cooperation with the investigation under the Commission's 2006 Leniency Notice, as well as a 10% reduction for agreeing to settle the case with the Commission. Interest rate derivatives (e.g. forward rate agreements, swaps, futures, options) are financial products used for managing the risk of interest rate fluctuations. Between March 2008 and July 2009 RBS and JP Morgan tried to distort the normal course of the pricing of interest rate derivatives denominated in Swiss franc. They discussed the future Swiss Franc Libor rate submissions of one of the banks and at times exchanged information concerning trading positions and intended prices. The infringement covered the whole of the European Economic Area.

The European Commission Fines JP Morgan for Rigging Interest Rates

The European Commission fined JP Morgan more than EUR 61 million ($78 million) for its role in rigging benchmark international interest rates. JP Morgan worked with Royal Bank of Scotland in 2008-09 to fix interest rates on Swiss franc LIBOR contracts, another example of major banks colluding "instead of competing with each other,". Tiny differentials add up to huge profits and abuse of LIBOR and related benchmarks around the world have been discovered by authorities probing the markets after the global financial crisis of 2007-08. Many critics blame the collapse on the reckless and corrupt practices allowed to flourish in what they say was an 'anything goes' attitude in parts of the world of high finance, with governments then forced to step in at huge cost to the taxpayer to bailout failed banks -- including RBS, which is now state-owned. Many of the big banks have been ensnared by US and British LIBOR probes, among them Barclays and Lloyds of Britain, Deutsche Bank, Citigroup, Bank of America and Bank of New York Mellon. At the same time, there are parallel investigations into charges that the top banks similarly rigged foreign exchange rates to get an unfair advantage. Almunia said that a second similar LIBOR case involved RBS, JP Morgan and Swiss giants UBS and Credit Suisse who fixed a pricing element for the contracts which should have been determined by market forces. Fines imposed in this second investigation, dating back to events in 2007, brought the total to some EUR 94 million. RBS paid no fine, however, because it owned up to the Commission.

 

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Industry Analysis

JPM

Industry Average

Valuation JPM Industry Range
Price/Earnings 10.8x
Price/Sales 2.4x
Price/Book 1.0x
Price/Cash Flow 9.9x
TEV/Sales NM Not Meaningful
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