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MarketScreener Homepage  >  Equities  >  Nyse  >  JP Morgan Chase & Company    JPM

JP MORGAN CHASE & COMPANY (JPM)
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JP Morgan Chase mpany : Mexico judge cancels arrest warrant for JPMorgan executive, bank says

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06/14/2018 | 01:47am CET
FILE PHOTO: JP Morgan Chase & Co sign outside headquarters in New York

MEXICO CITY (Reuters) - A judge in Mexico cancelled an arrest warrant for the country head of U.S. investment bank JPMorgan Chase & Co and another employee, the bank said on Wednesday, just days after it was issued.

The fourth district judge of Acapulco in the state of Guerrero had signed the warrant, for alleged fraud related to a 2007 loan to a Mexican real estate developer.

The developer, Elias Sacal, also filed a $1.2 billion (£896.8 million) lawsuit against the bank in New York, accusing it of fraudulently inducing the developer to transfer properties based on a false promise it would sell them.

Without giving further details, JPMorgan said in a statement on Wednesday that the cancellation was signed and that no further actions were being pursued by prosecutors. It said earlier in the week that the allegations of wrongdoing had no merit.

The judge's office did not answer calls for comment.

(Reporting by Christine Murray, Editing by Rosalba O'Brien)

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Financials ($)
Sales 2018 111 B
EBIT 2018 45 981 M
Net income 2018 31 707 M
Debt 2018 -
Yield 2018 2,47%
P/E ratio 2018 11,85
P/E ratio 2019 10,96
Capi. / Sales 2018 3,28x
Capi. / Sales 2019 3,14x
Capitalization 366 B
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Technical analysis trends JP MORGAN CHASE & COMPANY
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 120 $
Spread / Average Target 9,2%
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
Marianne Lake Chief Financial Officer & Executive Vice President
Lori A. Beer Chief Information Officer
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