The New York-based JPMorgan Chase & Co (NYSE:JPM), the biggest and most profitable United States bank, is being examined over potential power-market treatment that overstated payments for electricity, as said by the United States Federal Energy Regulatory Commission.
The Federal Energy Regulatory Commission started its investigation after reports previous year of bidding practices by JPMorgan that the California and Midwest grid operators deemed to be abusive, as said in the documents presented by the Washington-based agency.
Securities and Exchange Commission and Justice Department is also investigating JPMorgan, among other enforcement agencies, regarding a multibillion dollar trading loss in a London business of its chief investment office.
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) on July 03, 2012 it decreased -0.28% to the closing price of $35.88. The overall volume in the last trading session was 26.71 million shares. Its fifty two week range was $27.85-$46.49. The total market capitalization remained $136.58 billion.
JPM is ahead its 52 week low with +30.60% and lagging behind from its 52 week high price with -22.31%. JPM last month stock price volatility remained 3.07%. 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 74.67% while insider ownership included 0.17%.
The stock price of JPM is moving forward from its 20 days moving average with +2.51% and remote negatively from 50 days moving average with -1.84%. JPM current year earnings per share experienced an addition with +13.05% while its current quarter performance remained -21.00%. Company’s beta coefficient included 1.33. Beta factors measures the amount of market risk associated with market trade.
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