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MarketScreener Homepage  >  Equities  >  Nyse  >  International Business Machines Corporation    IBM

INTERNATIONAL BUSINESS MACHINES CORPORAT

(IBM)
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Big U.S. companies form group to boost hiring of minorities in New York

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08/11/2020 | 02:27am EDT
Jamie Dimon, chairman & CEO of JP Morgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York City

Leaders from major U.S. companies, including banks and tech giants, have formed a group aimed at increasing the hiring of individuals from minority communities in New York.

The New York Jobs CEO Council, which counts chief executives from 27 firms among its members, aims to hire 100,000 people from low-income Black, Latino and Asian communities by 2030.

Jamie Dimon, chief executive of JPMorgan Chase & Co, IBM CEO Arvind Krishna and Accenture CEO Julie Sweet will co-chair the group.

Other companies in the group include Amazon.com Inc, Google, Microsoft Corp and Goldman Sachs, according to a press statement.

U.S. companies have been under increasing pressure to do more to provide minority groups with access to opportunities in the wake of anti-racism protests sparked by the death of a 46-year-old African-American man, George Floyd. Floyd died in May after a white police officer knelt on his neck for nearly nine minutes.

The protests also came as minorities were disproportionately represented in coronavirus deaths, and lower-income communities in the United States were hit hard economically.

"Today's economic crisis is exacerbating economic and racial divides and exposing systemic barriers to opportunity", Dimon said in an opinion piece in the Wall Street Journal on Monday, adding that often high-achieving people across New York were not given opportunities at the city's top employers.

"Young people in low-income and minority communities feel this failure the most. Unless we actively work to close the gap, COVID-19 will make matters worse," said the opinion piece which was co-authored with Félix V. Matos Rodríguez, the chancellor of the City University of New York.

By Kanishka Singh

Stocks mentioned in the article
ChangeLast1st jan.
ACCENTURE 0.86% 231.73 Delayed Quote.10.05%
ALPHABET INC. 0.62% 1516.65 Delayed Quote.13.23%
AMAZON.COM, INC. -0.04% 3161.02 Delayed Quote.71.07%
INTERNATIONAL BUSINESS MACHINES CORPORATION -1.32% 125.03 Delayed Quote.-6.72%
JPMORGAN CHASE & CO. -0.55% 102.37 Delayed Quote.-26.56%
MICROSOFT CORPORATION -0.23% 208.7 Delayed Quote.32.34%
THE GOLDMAN SACHS GROUP, INC. -1.76% 208.39 Delayed Quote.-7.74%
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Financials (USD)
Sales 2020 74 152 M - -
Net income 2020 7 851 M - -
Net Debt 2020 52 750 M - -
P/E ratio 2020 14,1x
Yield 2020 5,19%
Capitalization 111 B 111 B -
EV / Sales 2020 2,21x
EV / Sales 2021 2,16x
Nbr of Employees 352 600
Free-Float 39,7%
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Technical analysis trends INTERNATIONAL BUSINESS MAC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 135,56 $
Last Close Price 125,03 $
Spread / Highest target 24,0%
Spread / Average Target 8,42%
Spread / Lowest Target -6,42%
EPS Revisions
Managers
NameTitle
Arvind Krishna Chief Executive Officer & Director
James M. Whitehurst President, Head-Strategy, Cloud & Cognitive
Virginia M. Rometty Executive Chairman
James J. Kavanaugh Chief Financial Officer & Senior Vice President
Juan Antonio Zufiria Senior VP-IBM Global Technology Services
Sector and Competitors
1st jan.Capitalization (M$)
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