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

JPMORGAN CHASE & CO.

(JPM)
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Goldman Sachs nears deal to sell its fintech app

09/19/2018 | 11:32am EST
FILE PHOTO: The Goldman Sachs company logo is seen in the company's space on the floor of the NYSE in New York

(Reuters) - Goldman Sachs is in advanced talks with several financial companies to spin off its three-year-old app, Simon, which sells complex financial products to retail investors, a source familiar with the matter told Reuters.

Several companies, including JPMorgan Chase & Co, Barclays Plc, HSBC Holdings Plc, Credit Suisse, Wells Fargo and insurer Prudential Financial Inc, have shown interest in the app, which is expected to be valued at about $100 million, the source said.

Simon, or Structured Investment Marketplace and Online, is part of Goldman's web services platform, Marquee, which offers risk management and analytics tools to clients.

Goldman's shares were up 2.1 percent at $223.71 in mid-day trading.

(Reporting By Aparajita Saxena in Bengaluru; Editing by Arun Koyyur and Anil D'Silva)


© Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC -1.13% 139.5 Delayed Quote.-21.45%
CREDIT SUISSE GROUP AG 0.51% 11.715 Delayed Quote.-11.06%
HSBC HOLDINGS PLC 1.76% 404.85 Delayed Quote.-32.78%
JPMORGAN CHASE & CO. -0.66% 121.22 Delayed Quote.-12.46%
LETS HOLDINGS GROUP CO., LTD. 1.30% 9.36 End-of-day quote.54.97%
LOOK HOLDINGS INCORPORATED 2.71% 1063 End-of-day quote.-15.10%
NEXT PLC -0.88% 6518 Delayed Quote.-6.30%
PRUDENTIAL FINANCIAL, INC. -0.81% 78.09 Delayed Quote.-16.01%
THE GOLDMAN SACHS GROUP, INC. -0.48% 235.4 Delayed Quote.2.87%
WELLS FARGO & COMPANY -0.45% 28.46 Delayed Quote.-46.86%
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Financials (USD)
Sales 2020 118 B - -
Net income 2020 22 229 M - -
Net Debt 2020 - - -
P/E ratio 2020 16,7x
Yield 2020 2,97%
Capitalization 370 B 370 B -
Capi. / Sales 2020 3,13x
Capi. / Sales 2021 3,30x
Nbr of Employees 256 358
Free-Float 73,6%
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Technical analysis trends JPMORGAN CHASE & CO.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 117,97 $
Last Close Price 121,24 $
Spread / Highest target 18,8%
Spread / Average Target -2,69%
Spread / Lowest Target -34,0%
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
Jennifer A. Piepszak Chief Financial Officer
Lori A. Beer Chief Information Officer
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