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JPMorgan Chase

NYSE:JPM
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JPM
NYSE
$343B
Market Cap
  1. Banks
Company description

JPMorgan Chase & Co. operates as a financial services company worldwide. More info.


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3 Month History
JPM
Industry
5yr Volatility vs Market

Value

 Is JPMorgan Chase undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of JPMorgan Chase to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.

How is this discounted cash flow calculated?

  • The current share price of JPMorgan Chase is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for JPMorgan Chase's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JPMorgan Chase's earnings available for a low price, and how does this compare to other companies in the same industry?
  • JPMorgan Chase is good value based on earnings compared to the US Banks industry average.
  • JPMorgan Chase is good value based on earnings compared to the US market.
Price based on expected Growth
Does JPMorgan Chase's expected growth come at a high price?
  • JPMorgan Chase is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on JPMorgan Chase's assets?
  • JPMorgan Chase is good value based on assets compared to the US Banks industry average.
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Value checks
We assess JPMorgan Chase's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. JPMorgan Chase has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
    Note 2: PEG ratio is based on analysts EPS growth expectations in 1 year (6.17%).

    Full details on the Value part of the Simply Wall St company analysis model.
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Discounted cash flow (Excess Returns Model)

The calculations below outline how an intrinsic value for JPMorgan Chase is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.



Value of Excess Returns

Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)

$-0.14 = (11.08% – 11.27%) * $70.76)

Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)

$-1.54 = $-0.14 / (11.27% - 2.47%)

Value of Equity = Book Value per share + Terminal Value of Excess Returns

$69.22 = $70.76 + $-1.54

Inputs used in model:

Stable EPS = Stable Book Value * Return on Equity
$7.84 = $70.76 * 11.08%
Source: Weighted future Return on Equity estimates from 18 analysts.

Book Value of Equity per Share: $70.76
Source: Weighted future Book Value estimates from 14 analysts.

Expected Growth Rate: 2.47%
Source: Risk Free Rate/ 10 year Government Bond Rate in USD.

Discount to Share Price

Value per share:
$69.22

Current discount (share price of $98.64): -42.51%



Estimate of Discount Rate

The discount rate, or required rate of return, is estimated by calculating the Cost of Equity.

Discount rate = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)

Discount rate = 11.27% = 2.47% + (1.168 * 7.53%)



Estimate of Bottom Up Beta

The Levered Beta is the Unlevered Beta adjusted for financial leverage. It is limited to 0.8 to 2.0 (practical range for a stable firm). Note the market value of equity is used not the book value ($343,210,631,759).

Levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))

1.168 = 0.58 (1 + (1- 30%) (172.58%))

Levered Beta used in calculation = 1.168



Assumptions
  1. The risk free rate of 2.47% is from the 10 year government bond rate in USD.
  2. The bottom-up beta is estimated by analysing other companies in the same industry.
  3. The Equity Risk Premium is calculated by subtracting the risk free rate from the market return premium (7.53%) (source: Buffet).
  4. The dividend discount model is automatically used for companies in the following industries: Banks, Insurance, Real Estate Investment Trusts (REITs), Diversified Financial Services and Capital Markets.

Future Performance

 How is JPMorgan Chase expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JPMorgan Chase expected to grow at an attractive rate?
  • JPMorgan Chase's earnings growth is expected to exceed the low risk savings rate of 3.6%.
Growth vs Market Checks
  • JPMorgan Chase's earnings growth is positive but not above the US market average.
  • JPMorgan Chase's revenue growth is positive but not above the US market average.
Annual Growth Rates Comparison
Analysts growth expectations
Super high growth metrics
High Growth Checks
  • JPMorgan Chase's earnings are expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
  • JPMorgan Chase's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • JPMorgan Chase is not expected to perform strongly, Return on Equity (ROE) in 3 years is estimated to be below 20%.

Improvement & Relative to industry
  • Performance (ROE) is expected to be above the current US Banks industry average.
  • An improvement in JPMorgan Chase's performance (ROE) is expected over the next 3 years.
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Future performance checks
We assess JPMorgan Chase's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the US market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the US market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
JPMorgan Chase has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has JPMorgan Chase performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare JPMorgan Chase's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • JPMorgan Chase's year on year earnings growth rate has been positive on average over the past 5 years.
  • JPMorgan Chase's 1 year earnings growth exceeds its 5 year annual average (15.3% vs 5.1%)
  • JPMorgan Chase's earnings growth has exceeded the US Banks industry average in the past year (15.3% vs 12.5%).
Earnings and Revenue History
JPMorgan Chase's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Poor return on shareholders funds (ROE < 20%) last year.
  • JPMorgan Chase performed above the US Banks industry average based on Return on Assets (ROA) last year.
  • Performance based on Return on Capital Employed (ROCE) has been diminishing over 3 years.
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Past performance checks
We assess JPMorgan Chase's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
JPMorgan Chase has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is JPMorgan Chase's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of JPMorgan Chase's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Acceptable proportion of non-loan assets held.
  • Liabilities are made up of primarily low risk sources of funding.
  • Loans are broadly funded by customer deposits.
  • JPMorgan Chase's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • High level of bad loan coverage.
  • Acceptable level of bad loans (less than 2%).
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Financial health checks
We assess JPMorgan Chase's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by short term assets? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. JPMorgan Chase has a total score of 6/6, see the detailed checks below.


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is JPMorgan Chase's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.07%
Current annual income from JPMorgan Chase dividends. Estimated to be 2.41% next year.
If you bought $2,000 of JPMorgan Chase shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Paying below low risk savings rate (2.25%).
  • Paying below markets top dividend payers (3.18%).
Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of JPMorgan Chase's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by net profit (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by net profit (2.8x coverage).
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Income/ dividend checks
We assess JPMorgan Chase's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.5%) - if not then the rest of the checks are ignored.
  2. Current dividend yield, is there one at all, is it higher than the low risk savings rate, and is it above the top 25% of dividend payers? (2 checks)
  3. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  4. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  5. How sustainable is the dividend, can JPMorgan Chase afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  6. JPMorgan Chase has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of JPMorgan Chase's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jamie Dimon, image provided by Google.
Jamie Dimon
COMPENSATION $27,236,892
AGE 61
TENURE AS CEO 11.9 years
CEO Bio

Mr. James Dimon, also known as Jamie, has been the Chairman, Chief Executive Officer and President of JPMorgan Chase & Co. since December 31, 2006 and December 31, 2005 respectively. Mr. Dimon served as the Chief Executive Officer of Bank One Corporation from March 27, 2000 to July 2004. He served as the Chief Executive Officer and Chairman of Bank One Wisconsin. He served as the Chief Operating Officer of JPMorgan Chase & Co. from July 1, 2004 to December 31, 2005. Mr. Dimon served as a Co-Chief Executive Officer of Salomon Smith Barney Holdings Inc., is a subsidiary of Citigroup Inc. from October 1998 to November 1998. He served as the Chief Executive Officer of Smith Barney Holdings, Inc. From November 1998 to March 2000, he was a Private Investor. He served as the President of Citigroup Inc., from October to November 1998. Mr. Dimon served as the President and Chief Operating Officer of J.P. Morgan & Co. Inc. since January 2004. He had extensive experience at Commercial Credit Company and American Express Company. From November 1993 to October 1998, he served as President and Chief Operating Officer of Travelers Group Inc., as well as serving in several other executive positions with Travelers' subsidiaries Smith Barney Inc. and Salomon Barney Inc. during that period. Mr. Dimon served as the Chairman at The Clearing House LLC. He served as the Chairman of Smith Barney Holdings, Inc. He served as Chairman of Bank One Corporation from March 27, 2000 to July 2004. He served as the Chairman of Citigroup Inc. from October 1998 to November 1998. He has been an Executive Director of JPMorgan Chase & Co. since 2000. He serves as Director of Kennedy Center Corporate Fund, The Partnership for New York City, Inc. and Catalyst Inc. He served as a Director of Bank One Corporation since 2000 and Yum! Brands Inc. since 1997. He serves as Vice Chairman of The Business Council. He served as Director of The Federal Reserve Bank of New York until December 31, 2013. He serves as a Director of College Fund/UNCF and Harvard Business School. He serves as a Trustee of The University of Chicago and New York University Medical Center and a Director of the National Center for Addiction and Substance Abuse. He served as a Director of Chicago Clearing House Association. He served as a Director of Smith Barney Holdings, Inc. He serves as Co-Chair of Commission to Enhance Competitiveness for Financial Services Roundtable. He is Member of Executive Committee at Business Roundtable, The. Mr. Dimon graduated from Tufts University in 1978 and received an MBA from Harvard Business School in 1982.

CEO Compensation
  • Jamie's compensation has increased by more than 20% in the past year.
  • Jamie's compensation appears reasonable.
Management Team Tenure

Average tenure and age of the JPMorgan Chase management team in years:

4.5
Average Tenure
50.8
Average Age
  • The tenure for the JPMorgan Chase management team is about average.
Management Team

Jamie Dimon

TITLE
Chairman
COMPENSATION
$27M
AGE
61
TENURE
11.9 yrs

Marianne Lake

TITLE
CFO & Executive VP
COMPENSATION
$12M
AGE
47
TENURE
4.8 yrs

Mary Erdoes

TITLE
Chief Executive Officer of Asset & Wealth Management
COMPENSATION
$18M
AGE
49
TENURE
8.2 yrs

Daniel Pinto

TITLE
CEO of Corporate & Investment Bank and CEO of Europe Middle East & Africa
COMPENSATION
$20M
AGE
54

Diane Genova

TITLE
Managing Director and Deputy General Counsel of Investment Bank

John Horner

TITLE
Chief Investment Officer and Treasurer
TENURE
2.6 yrs

Nicole Giles

TITLE
Principal Accounting Officer & Corporate Controller
AGE
45
TENURE
0.8 yrs

Lori Beer

TITLE
Chief Information Officer
AGE
49

David Owen

TITLE
Chief Administrative Officer
TENURE
1.8 yrs

Jason Scott

TITLE
Corporate Officer of Investor Relations
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the JPMorgan Chase board of directors in years:

8.7
Average Tenure
66.7
Average Age
  • The tenure for the JPMorgan Chase board of directors is about average.
Board of Directors

David Li

TITLE
Co-Head of Greater China Banking
TENURE
3.1 yrs

Andrew Fleming

TITLE
Chairman of Japanese Investment Trust
AGE
58
TENURE
2.9 yrs

Jamie Dimon

TITLE
Chairman
COMPENSATION
$27M
AGE
61
TENURE
10.9 yrs

Lee Raymond

TITLE
Lead Independent Director
COMPENSATION
$392K
AGE
78

Linda Bammann

TITLE
Independent Director
COMPENSATION
$349K
AGE
61
TENURE
4.2 yrs

Bill Weldon

TITLE
Independent Director
COMPENSATION
$418K
AGE
68
TENURE
12.7 yrs

Crandall Bowles

TITLE
Independent Director
COMPENSATION
$369K
AGE
69
TENURE
11 yrs

James Bell

TITLE
Independent Director
COMPENSATION
$354K
AGE
68
TENURE
6 yrs

Labe Jackson

TITLE
Independent Director
COMPENSATION
$533K
AGE
74
TENURE
13.8 yrs

Jim Crown

TITLE
Independent Director
COMPENSATION
$355K
AGE
63
TENURE
13.8 yrs
Recent Insider Trading
  • No 3 month insider trading information.
Who owns this company?
X
Management checks
We assess JPMorgan Chase's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of market cap)? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. JPMorgan Chase has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

Company News

Company Info

Map
Description

JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management segments. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment services, payment processing services, auto loans and leases, and student loans. The Corporate & Investment Bank segment provides investment banking products and services, including advising on corporate strategy and structure, and capital-raising in equity and debt markets, as well as loan origination and syndication; treasury services, such as cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research services. It also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The Commercial Banking segment offers financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners. The Asset & Wealth Management segment provides investment and wealth management services across various asset classes, such as equities, fixed income, alternatives, and money market funds; multi-asset investment management services; retirement services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.

Details
Name: JPMorgan Chase & Co.
Ticker: JPM
Exchange: NYSE
Founded: 1799
Market Cap: $343,210,631,759
Shares outstanding: 3,469,227,047
Website: http://www.jpmorganchase.com
Address: JPMorgan Chase & Co.
270 Park Avenue,
New York,
New York, 10017,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE JPM Common Shares New York Stock Exchange US USD 05. Mar 1969
DB CMC Common Shares Deutsche Boerse AG DE EUR 05. Mar 1969
XTRA CMC Common Shares XETRA Trading Platform DE EUR 05. Mar 1969
LSE 0Q1F Common Shares London Stock Exchange GB CHF 05. Mar 1969
SWX JPM Common Shares SIX Swiss Exchange CH CHF 05. Mar 1969
SWX JPM Common Shares SIX Swiss Exchange CH CHF 05. Mar 1969
WBAG JPM Common Shares Wiener Boerse AG AT EUR 05. Mar 1969
SNSE JPM Common Shares Santiago Stock Exchange CL USD 05. Mar 1969
BVC JPM Common Shares Bolsa de Valores de Colombia CO COP 05. Mar 1969
BMV JPM * Common Shares Bolsa Mexicana de Valores MX MXN 05. Mar 1969
NYSE JPM.PRF DEP 1/4PFD 5.72% New York Stock Exchange US USD 15. Jul 2008
NYSE JPM.PRG DEP 1/4PFD 5.49% New York Stock Exchange US USD 15. Jul 2008
NYSE JPM.PRE DEP 1/4PFD 6.15% New York Stock Exchange US USD 15. Jul 2008
NYSE JPM.PRA DEP 1/400 PFD P New York Stock Exchange US USD 31. Jan 2013
NYSE JPM.PRB DEP SHS RP PFD T New York Stock Exchange US USD 27. Jan 2014
NYSE JPM.PRE DEP SHS PFD W New York Stock Exchange US USD 18. Jun 2014
NYSE JPM.PRF DEP SHS 1/400 New York Stock Exchange US USD 09. Feb 2015
NYSE JPM.PRG DEP SHS PFD New York Stock Exchange US USD 01. Jun 2015
NYSE JPM.PRH DEP SHS REP PFD New York Stock Exchange US USD 24. Jul 2015
DB CMCE 6.1%-FRN SNR PERP USD Deutsche Boerse AG DE USD 19. Sep 2014
BOVESPA JPMC34 BDR EACH REPR 0.5 COM USD1 Bolsa de Valores de Sao Paulo BR BRL 24. Aug 2012
BASE JPM CEDEAR REP 1/10 USD2.5 Buenos Aires Stock Exchange AR ARS 17. Jul 2001
DB CMC2 PERP SR NT 7.9% Deutsche Boerse AG DE USD 18. Apr 2008
DB CMC5 PERP -S NT 6.75% Deutsche Boerse AG DE USD 17. Jan 2014
Number of employees
Current staff
Staff numbers
251,503
JPMorgan Chase employees.
Industry
Industry: Diversified Banks
Sector: Banks