The woman who managed JPMorgan Chase & Co. (NYSE:JPM)’s chief investment office, which incurred trading loss of over $2 billion, has made a decision to retire, becoming the first top-ranking casualty in a scandal that has spoiled the bank’s reputation and prompted fresh calls for tighter regulation of big financial institutions.
Shortly previous to the stock market opened, the bank stated Ina Drew, who has been at the company for in excess of 30 years, will retire as chief investment officer.
Her departure had been broadly projected after her office suffered an approximately $2 billion trading loss revealed last Thursday.
Its competitors include Bank of America Corp (NYSE:BAC) that slipped -1.32% to $7.45 with the total traded volume of 49.38 million shares and Citigroup Inc. (NYSE:C) that dropped -2.21% to $28.70 with the total traded volume of 12.05 million shares.
Other financial stocks with bullish trend include Chimera Investment Corporation (NYSE:CIM) up 0.18% to $2.83, Apartment Investment and Management Co. (NYSE:AIV) up 0.25% to $27.54 and Newcastle Investment Corp. (NYSE:NCT) up 0.56% to $7.13, whereas with bearish trend include Wells Fargo & Company (NYSE:WFC) down -2.25% to $32.56, American International Group, Inc. (NYSE:AIG) down -0.72% to $31.52 and Goldman Sachs Group, Inc. (NYSE:GS) down -2.03% to $100.06.
JPMorgan Chase & Co. (NYSE:JPM) after opening at $36.10 hit high price of $36.35 and then trading at $36.21 by plunging -2.03% at 10:41AM EDT and on current session volume of 30.39 million shares is surprisingly lower than its average volume of 36.23 million shares.
The stock price volatility was 2.55% for a week and 2.25% for a month as well as price volatility’s Average True Range for 14 days was 1.24 and its beta remained 1.29.
The liquidity measure in recent quarter results of the company was recorded current ratio as flat and on the other side the debt to equity ratio was 3.83 and long-term debt to equity ratio also remained 1.71. The Company had total cash at hand $866.90 billion and a book value per share as $47.64 in the most recent quarter.
JPM generated revenue of 60.55 billion in the following twelve months and earned $17.45 billion. The Company showed a positive 19.05% in the net profit margin and as well as in its operating margin which remained 26.67%. Company’s annual sales growth for the past five year was 0.73%.
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