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JPMORGAN CHASE & CO.

(JPM)
  Report
Delayed Nyse  -  04:00 2022-12-06 pm EST
131.59 USD   +0.17%
01:07pNo Time For Long Positions on Large-Cap Banks, Morgan Stanley Says
MT
08:01aJPMorgan Chase Upgraded to Overweight From Underweight From Morgan Stanley, Price Target Raised to $153 From $126
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12/02JPMorgan, Bank of America, Citigroup Reportedly Mulling Cut in Banker Bonuses
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JPMorgan Chase : JP Morgan scopes out former regulator to oversee London rollout of neobank

02/24/2020 | 01:51am EST

US INVESTMENT bank JP Morgan is said to have lined up a former City regulator to spearhead the launch of its digital bank in the UK.

Clive Adamson, who previously served as head of supervision at the Financial Conduct Authority (FCA), has been elected to chair JP Morgan's new digital venture set to roll out later this year, the Financial Times reported last night.

Adamson left the FCA in 2015, and has since held various nonexecutive roles at JP Morgan, including chair of its international business and non-executive director of JP Morgan Securities.

America's largest bank is set to launch a range of savings and loan products in the UK in the coming months, though further details are yet to be revealed.

In 2018 JP Morgan launched digital bank Finn in an attempt to enter the consumer banking market, however it was shuttered a year later after struggling to recruit customers.

Its move to launch a digital bank on this side of the Atlantic follows rival Goldman Sachs' expansion into the UK banking sector with the rollout of its Marcus brand in 2018. Marcus brought in 250,000 British customers in its first year alone.

JP Morgan did not respond to a request for comment.

(c) 2020 City A.M., source Newspaper

All news about JPMORGAN CHASE & CO.
01:07pNo Time For Long Positions on Large-Cap Banks, Morgan Stanley Says
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08:01aJPMorgan Chase Upgraded to Overweight From Underweight From Morgan Stanley, Price Targe..
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12/02JPMorgan, Bank of America, Citigroup Reportedly Mulling Cut in Banker Bonuses
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Analyst Recommendations on JPMORGAN CHASE & CO.
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Financials (USD)
Sales 2022 129 B - -
Net income 2022 34 044 M - -
Net Debt 2022 - - -
P/E ratio 2022 11,4x
Yield 2022 3,05%
Capitalization 385 B 385 B -
Capi. / Sales 2022 2,99x
Capi. / Sales 2023 2,75x
Nbr of Employees 288 474
Free-Float 70,7%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 131,37 $
Average target price 141,35 $
Spread / Average Target 7,60%
EPS Revisions
Managers and Directors
James Dimon Director
Daniel E. Pinto President & Chief Operating Officer
Jeremy Barnum Chief Financial Officer & Executive VP
Lori A. Beer Global Chief Information Officer
Rohan Amin Chief Information Security Officer
Sector and Competitors