JPMorgan Chase & Co (NYSE:JPM) was ordered by a federal judge to give details why it should not be bounded to turn over e-mails required by United States regulators in a investigation of potential energy-market treatment.
United States District Judge Colleen Kollar-Kotelly in Washington on Thursday offered JPMorgan until the end of the day on July 13 to react. The United States Federal Energy Regulatory Commission took legal action against JPMorgan on July 2 to announce 25 e-mails in an inquiry of possible manipulation of power markets in California and the Midwest by JPMorgan projects Energy Corp.
Kollar-Kotelly reported in the 3 page order that the JPMorgan shall address why it should not be required to produce the 25 at-issue e-mails in unredacted form or to submit them to the court for in camera review.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Citigroup Inc (NYSE:C) plunged -2.93% to settle at $26.84, Goldman Sachs Group, Inc. (NYSE:GS) moved down -2.72% to end at $95.92 while KeyCorp (NYSE:KEY) decreased -1.41% to finish on Thursday at $7.69.
JPMorgan Chase & Co. (NYSE:JPM) last session volume of 58.53 million shares was surprisingly higher than its average volume of 47.04 million shares. The stock after opening at $35.61 hit high price of $35.66 and then closed at $34.38 by scoring -4.18%.
The liquidity measure in recent quarter results of the company was recorded 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 $869.94 billion and a book value per share as $47.61 in the most recent quarter.ss
The stock price volatility was 3.11% for a week and 3.08% for a month as well as price volatility’s Average True Range for 14 days was 1.16 and its beta remained 1.33.
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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