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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 : Reshuffles CEO Contenders

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04/18/2019 | 06:34am EDT

By WSJ City

JP Morgan put two women with decades of experience at the bank at the top of the list to one day succeed James Dimon as chief executive.

KEY FACTS

--- Marianne Lake, who has served as chief financial officer since 2012, will leave the role to run all of the bank's consumer-lending businesses, including its growing credit-card operations as well as auto lending and mortgages.

--- Lake has long been viewed as a contender to succeed Dimon, but analysts and others monitoring the succession race believed she first needed experience running one of the bank's major businesses.

--- Jennifer Piepszak, who was running JPMorgan's credit-card business, will take over as finance chief. The changes will take effect May 1.

--- Piepszak will join the company's operating committee of top executives, a group that already includes Lake.

--- A rising star within the bank, Piepszak's move to the CFO role makes her one of JPMorgan's most prominent representatives and gives her broad influence over its far-flung businesses.

Dimon, 63, is in no hurry to retire. Asked at the bank's February investor day when he planned to step down, he said: "Five years. Maybe four now."

The ascension of either Lake or Piepszak to the top job at the largest US bank would be a major development for women, who occupy few senior roles in the banking business and on Wall Street.

The suggested time frame for succession has led some to assume the bank's co-chief operating officers-- Gordon Smith, who runs the bank's consumer and community operations, and investment-banking head Daniel Pinto--would be too close to retirement themselves when Dimon departs.The two men, who assumed their current roles plus president titles in a shake-up a year ago, are considered candidates were Dimon to depart sooner than expected.

A fuller story is available on WSJ.com

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Financials (USD)
Sales 2019 113 B
EBIT 2019 48 072 M
Net income 2019 32 851 M
Debt 2019 -
Yield 2019 3,15%
P/E ratio 2019 10,6x
P/E ratio 2020 10,3x
Capi. / Sales2019 3,04x
Capi. / Sales2020 2,99x
Capitalization 344 B
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Technical analysis trends JP MORGAN CHASE & COMPANY
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 118,88  $
Last Close Price 107,61  $
Spread / Highest target 30,1%
Spread / Average Target 10,5%
Spread / Lowest Target -21,0%
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
Yan Tavrovsky President & Chairman-Management Board
Marianne Lake Chief Financial Officer & Executive Vice President
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