The United States Comptroller of the Currency Thomas J. Curry stated that New York-based JPMorgan Chase & Co (NYSE:JPM) trading loss of over $2 billion raises queries regarding the competence and rigor of the bank’s risk-management practices.
Curry reported in remarks prepared for a Senate Banking Committee hearing on Wednesday that the OCC, JPMorgan’s prudential regulator, was energetically examining the financial company, which unveiled the losses from its chief investment office on May 10.
He further stated that the agency has learned that the financial company’s position deteriorated rapidly at the end of April and throughout the first days of May.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Citigroup Inc (NYSE:C) surged +3.75% to settle at $25.75, Goldman Sachs Group, Inc. (NYSE:GS) moved up +1.33% to end at $92.21 while KeyCorp (NYSE:KEY) increased +0.15% to finish on Tuesday at $6.90.
JPMorgan Chase & Co (NYSE:JPM) on June 05, 2012 it increased +3.19% to the closing price of $31.99. The overall volume in the last trading session was 46.50 million shares. Its fifty two week range was $27.85-$46.49. The total market capitalization remained $121.78 billion.
JPM is ahead its 52 week low with +16.44% and lagging behind from its 52 week high price with -30.74%. JPM last month stock price volatility remained 3.01%. In its share capital JPM has 3.81 billion outstanding shares among them 3.79 billion shares have been floated in market exchange. JPM stock institutional ownership remained 74.63% while insider ownership included 0.17%.
The stock price of JPM is moving down from its 20 days moving average with -9.55% and remote negatively from 50 days moving average with -21.10%. JPM current year earnings per share experienced an addition with +13.05% while its current quarter performance remained -18.10%. Company’s beta coefficient included 1.33. Beta factors measures the amount of market risk associated with market trade.
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