Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  JPMorgan Chase & Co.    JPM

JPMORGAN CHASE & CO.

(JPM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Drug suppliers' shares rise as looming Amazon threat appears to ease

share with twitter share with LinkedIn share with facebook
04/16/2018 | 03:53pm EDT
The logo of Amazon is seen on a building in San Jose

(Reuters) - Shares of U.S. drug suppliers rose on Monday after a report that Amazon.com Inc had dropped plans to sell drugs to hospitals, in a boost to a pharmaceutical supply chain rattled by the looming threat of competition from the online retailer.

Stocks of drug distributors McKesson, AmerisourceBergen and Cardinal Health rose 2 to 3 percent, while drugstore chains Walgreens Boots Alliance and CVS Health each advanced about 5 percent.

Healthcare investors expect Amazon will become a major force in the industry, fuelled by recent media reports that the Seattle-based company was considering entering the pharmacy business.

CNBC, which reported Amazon's plans on Monday, said the change comes partly because the e-commerce company had not been able to convince big hospitals to change their traditional purchasing process.

The company, through its Amazon Business unit, will instead focus on selling less sensitive medical supplies to hospitals and smaller clinics, CNBC said, citing people familiar with the matter.

Amazon told Reuters it does not comment on rumours or speculation.

"After months of hype and fear it appears now that Amazon's entry into the drug distribution space has been indefinitely delayed," said Evercore ISI analyst Ross Muken. Amazon is likely to remain focused on selling dental and medical products, he added.

The presence of established drug suppliers, along with difficulties in distributing highly regulated treatments, likely deterred the technology giant from entering the industry, analysts said.

"Even with Amazon's large war-chest, it is still a difficult prospect given the dynamics of the whole pharmaceutical market," Morningstar analyst Vishnu Lekhraj said.

In January, Amazon, Berkshire Hathaway Inc and JPMorgan Chase & Co (>> JP Morgan Chase & Company) unveiled plans to form a company to cut healthcare costs for hundreds of thousands of employees.

(Reporting by Manas Mishra in Bengaluru; Editing by Sai Sachin Ravikumar)

By Manas Mishra

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -0.64% 3084 Delayed Quote.66.90%
AMERISOURCEBERGEN CORPORATION 2.12% 99.33 Delayed Quote.16.83%
BERKSHIRE HATHAWAY INC. 3.18% 284780 Delayed Quote.-16.14%
CARDINAL HEALTH, INC. 2.13% 50.93 Delayed Quote.0.69%
CHANGE INC. -2.72% 7880 End-of-day quote.170.98%
CVS HEALTH CORPORATION 1.72% 63.7 Delayed Quote.-14.25%
EVERCORE INC. 0.23% 55.48 Delayed Quote.-25.79%
JPMORGAN CHASE & CO. 0.57% 98.21 Delayed Quote.-29.95%
MCKESSON CORPORATION 1.97% 147.84 Delayed Quote.6.88%
OWENS & MINOR, INC. 4.08% 7.66 Delayed Quote.48.16%
PROSPECT CO., LTD. -2.70% 36 End-of-day quote.24.14%
RISE, INC. 0.00% 29 End-of-day quote.-3.33%
SPACE CO.,LTD. -2.05% 908 End-of-day quote.-28.90%
WALGREENS BOOTS ALLIANCE, INC. 1.34% 40.11 Delayed Quote.-32.87%
share with twitter share with LinkedIn share with facebook
Latest news on JPMORGAN CHASE & CO.
05:01aSTARTOUT : and Socos Labs announce the launch of the StartOut : Pride Economic I..
PR
05:00aU.S. Stock Futures Rise After Promising Vaccine Study
DJ
02:48aBanks Prepare For Wave Of Loan Defaults -- WSJ
DJ
07/14Wells Fargo will cut costs further after first loss since 2008
RE
07/14WALL STREET STOCK EXCHANGE : Wall Street surges, led by energy and materials
RE
07/14JPMorgan Profit Drops 51% as Bank Sets Aside Billions -- 4th Update
DJ
07/14WALL STREET STOCK EXCHANGE : U.S. Stocks Extend Gains as Banks Kick Off Earnings..
DJ
07/14Financials Up After Banks Set Aside Billions For Bad Loans -- Financials Roun..
DJ
07/14WALL STREET STOCK EXCHANGE : U.S. Stocks Extend Gains as Banks Kick Off Earnings..
DJ
07/14Stock indexes shake off weak start and close broadly higher
AQ
More news
Financials (USD)
Sales 2020 116 B - -
Net income 2020 16 566 M - -
Net Debt 2020 - - -
P/E ratio 2020 17,1x
Yield 2020 3,67%
Capitalization 299 B 299 B -
EV / Sales 2019
Capi. / Sales 2020 2,58x
Nbr of Employees 256 720
Free-Float 73,5%
Chart JPMORGAN CHASE & CO.
Duration : Period :
JPMorgan Chase & Co. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JPMORGAN CHASE & CO.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 111,65 $
Last Close Price 98,21 $
Spread / Highest target 46,6%
Spread / Average Target 13,7%
Spread / Lowest Target -21,6%
EPS Revisions
Managers
NameTitle
James Dimon Chairman & Chief Executive Officer
Gordon A. Smith Co-President & Co-Chief Operating Officer
Daniel E. Pinto Co-President & Co-Chief Operating Officer
Jennifer A. Piepszak Chief Financial Officer
Lori A. Beer Chief Information Officer
Sector and Competitors