The leading U.S. bank by assets as well as the top investment bank by fees, JPMorgan Chase & Co. (NYSE:JPM) is inquiring the so-called universal bank model’s future.
JPMorgan analysts led by London-based Kian Abouhossein articulated in a research note that top-level investment banks are not investable at this point with a hazard of spinoff from universal banks. They quoted possible rule changes and curbs on capital and funding.
According to the report, Investors should keep away from Goldman Sachs Group Inc. (NYSE:GS), once the world’s the majority profitable securities company, and Deutsche Bank AG (DBK), Germany’s biggest bank, for the reason that pressure on earnings and the unknown impact of new regulations.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Wells Fargo & Co (NYSE:WFC) lost -1.92%, Citigroup Inc (NYSE:C) edged down -1.31%, KeyCorp (NYSE:KEY) which also decreased -0.65% and National Bank of Greece (ADR) (NYSE:NBG) closed down -13.14%.
JPMorgan Chase & Co. (NYSE:JPM) stock’s trade at beginning with a price of $48.90 and in ongoing trading session climbed at a high of $49.58 other than after it traded declined -0.67% to $48.98.
The stock is going forward its 52 week low with +64.19% and lagging behind from its 52 week high price with -2.96%. JPM last month stock price volatility remained 1.69%.
JPM stock institutional ownership remained 73.24% while insider ownership included 0.13%. In its share capital JPM has 3.83 billion outstanding shares among them 3.81 billion shares have been floated in market exchange.
Company’s beta coefficient included 1.35. Beta factors measures the amount of market risk associated with market trade.
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