JPMorgan Chase & Co (NYSE:JPM), the world’s biggest underwriter of corporate bonds, moved up 8 spots to number two in Asia as Li Ka-shing’s Hutchison Whampoa Ltd picked the bank to supervise its return to the market.
JPMorgan moved past Citigroup Inc (NYSE:C), Deutsche Bank AG (USA) (NYSE:DB) and UBS AG (USA) (NYSE:UBS) to challenge HSBC Holdings plc (ADR) (NYSE:HBC) at the top of Asia’s dollar, euro and yen league table.
JPMorgan Chase was credited with placing $7.4 billion of note sales in the region exterior to Japan in the primary 6 months of 2012, high from $3.2 billion for the similar period previous year, as mentioned in the Bloomberg gathered data. The biggest United States bank by assets boosted its market share to 10.6%, against HSBC’s 15.5%.
Sale of bonds in Asia climbed 45% to a highest $70.1 billion in the primary half, assisting the region’s economy increase 6.3% in the 3 months through March.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Citigroup Inc (NYSE:C) surged +0.69% to settle at $27.65, Goldman Sachs Group, Inc. (NYSE:GS) moved up +1.51% to end at $98.60 while KeyCorp (NYSE:KEY) increased +1.04% to finish on Tuesday at $7.80.
JPMorgan Chase & Co. (NYSE:JPM) last session volume of 26.71 million shares was surprisingly higher than its average volume of 49.46 million shares. The stock after opening at $35.96 hit high price of $36.14 and then closed at $35.88 by scoring -0.28%.
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 3.01% for a week and 3.07% for a month as well as price volatility’s Average True Range for 14 days was 1.13 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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