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

JPMORGAN CHASE & CO.

(JPM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Goldman Sachs nears deal to sell its fintech app

09/19/2018 | 11:32am EDT
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 -1.17% 177.12 Delayed Quote.22.18%
CREDIT SUISSE GROUP AG -0.58% 9.58 Delayed Quote.-15.47%
HSBC HOLDINGS PLC 0.44% 438.05 Delayed Quote.15.12%
JPMORGAN CHASE & CO. 0.63% 156.4001 Delayed Quote.22.12%
LETS HOLDINGS GROUP CO., LTD. -1.13% 7.02 End-of-day quote.-9.77%
LOOK HOLDINGS INCORPORATED 2.80% 1506 End-of-day quote.57.37%
NEXT PLC -0.35% 8008 Delayed Quote.13.41%
PRUDENTIAL FINANCIAL, INC. -0.59% 105 Delayed Quote.34.35%
THE GOLDMAN SACHS GROUP, INC. -0.11% 371.21 Delayed Quote.40.80%
WELLS FARGO & COMPANY 0.17% 45.68 Delayed Quote.50.63%
All news about JPMORGAN CHASE & CO.
12:16pEXCLUSIVE : Fusion SPAC aims to beat London rush with new blank-check firm - sou..
RE
12:00pFusion ceo john james in talks with jpmorgan to launch new spac called fusion..
RE
11:14aSTEEL DYNAMICS  : JPMorgan Assumes Steel Dynamics at Overweight, $107 Price Targ..
MT
11:13aUNITED STATES STEEL  : JPMorgan Assumes United States Steel at Underweight, $41 ..
MT
10:29aGRAFTECH INTERNATIONAL  : JPMorgan Assumes GrafTech International With Overweigh..
MT
09:06aORACLE  : Price Target From Morgan Stanley Raised to $77 From $73, Equal-Weight ..
MT
09:04aJPMORGAN CHASE  : Furthers Commitment to Closing the Housing Affordability Gap f..
BU
09:03aSTELCO HOLDINGS BRIEF : Coverage Initiated With Overweight Rating and $54 Target..
MT
08:33aMITIE  : JPMorgan Lifts Mitie PT, Affirms Neutral Rating
MT
08:31aBELLWAY P L C  : JPMorgan Cuts Bellway's PT, Maintains Overweight Rating
MT
More news
Financials (USD)
Sales 2021 121 B - -
Net income 2021 40 016 M - -
Net Debt 2021 - - -
P/E ratio 2021 11,7x
Yield 2021 2,38%
Capitalization 470 B 470 B -
Capi. / Sales 2021 3,89x
Capi. / Sales 2022 3,88x
Nbr of Employees 259 350
Free-Float 73,0%
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
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 164,51 $
Last Close Price 155,18 $
Spread / Highest target 28,9%
Spread / Average Target 6,01%
Spread / Lowest Target -29,1%
EPS Revisions
Managers and Directors
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
Jeremy Barnum Chief Financial Officer
Lori A. Beer Chief Information Officer
Sector and Competitors