JPMorgan Chase & Co. (NASDAQ: JPM) operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt market capital-raising services, as well as loan origination and syndication; payments; and cash and derivative instruments, risk management solutions, prime brokerage, and research. This segment 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 CB segment provides financial solutions, including lending, payments, investment banking, and asset management to small and midsized companies, local governments, nonprofit clients, and large corporations, as well as investors, developers, and owners of multifamily, office, retail, industrial, and affordable housing properties. The AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; and retirement products and services, brokerage, custody, estate planning, lending, deposits, and investment management products to high net worth clients. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.

finviz dynamic chart for JPM

Company Overview

  • Market Cap: 556.472 Billion
  • PE Ratio: 11.69
  • EPS: 16.57
  • Dividend Yield: 2.37%
  • Average Analyst Rating: 2.0 Buy

JPMorgan Chase is one of the largest global financial services companies, boasting $3.9 trillion in assets as of the fourth quarter. Analyst Kenneth Leon says JPMorgan generated an impressive 17% return on equity in 2023. While the company has guided for net interest income, or NII, to decline to $90 billion in 2024 from $94 billion in 2023, Leon says investment banking fees will improve significantly in the second half of the year. He says the consumer and commercial loan markets remain healthy, and lower interest rates and moderate loan volume growth will be NII tailwinds. Therefore, JP Morgan is one of the top banks to own for long-term investors.

Post Comment