JPMorgan Chase (NYSE:JPM) May Face Law Suit Over Senate Probe Report – JPM, C, NBHC, GS

The United States Senate investigation into JPMorgan Chase & Co (NYSE:JPM) did more than conclude the world’s biggest bank hid the full damage of previous year’s trading losses from investors and watchdogs.

The inquiry also offered 900 pages of evidence that could assist the Securities and Exchange Commission make the case that financial giant executives broke the regulation.

Former Security and Exchange Commission Chairman Mary Schapiro reported previous year that her agency was inquiring whether JPMorgan adequately reported the losses on a derivatives portfolio that eventually swelled to over $6.2 billion.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Citigroup Inc. (NYSE:C) fell -0.42% to settle at $47.26, National Bank Holdings Corp (NYSE:NBHC) moved down -0.37% to end at $18.89 while Goldman Sachs Group, Inc. (NYSE:GS) jumped +0.53% to finish at $154.84 on Friday.

JPMorgan Chase & Co. (NYSE:JPM) last session’s volume of 60.91 million shares was higher than its average volume of 23.21 million shares. The stock after opening at $49.97 hit high price of $50.29 and then closed at $50.02 by scoring -1.92%.

JPM generated revenue of $56.06 billion in the previous twelve months and earned $19.88 billion. The Company showed a positive 21.94% in the net profit margin as well as in its operating margin which remained at 29.80%. Company’s annual sales growth for the past five years was -4.72%.

The JPM’s past twelve months’ price to sales ratio was 3.41 and price to cash ratio remained 3.56. As far as the returns are concerned, JPM’s return on equity was recorded as 10.72% and return on investment increased 0.92%.

The stock showed weekly downbeat performance of -0.36% which was maintained for the month at 2.75%. Likewise the positive performance for the quarter was recorded as 17.75% and for the year was 18.67% while the YTD performance remained at 14.54%.

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