Office of the Comptroller of the Currency Downgrades JPMorgan Chase (NYSE:JPM) Management Rating – JPM, GS, SHG, STT

JPMorgan Chase & Co’s (NYSE:JPM) confidential management rating was shatter by the Office of the Comptroller of the Currency. It is a major downgrade for the United States based biggest bank.

Senator Carl Levin allow the penalty slip during a Senate Permanent Subcommittee on inquiry hearing on a series of botched trades that previous year cost J.P. Morgan over $6 billion in losses.

It is unusual to discuss management downgrade publicly and watch dogs considered them to be private. The management downgrade occurred in July 2012.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Goldman Sachs Group, Inc. (NYSE:GS) rose +0.53% to settle at $154.84, Shinhan Financial Group Co., Ltd. (ADR) (NYSE:SHG) moved down -1.96% to end at $35.95 while State Street Corporation (NYSE:STT) jumped +0.13% to finish at $60.03 on Friday.

JPMorgan Chase & Co. (NYSE:JPM) on March 15, 2013 decreased -1.92% to the closing price of $50.02. The overall volume in the last trading session was 60.91 million shares. Its fifty two weeks range was $30.83 – $51.00. The total market capitalization remained at $191.45 billion.

JPM is ahead of its 52-week low with 65.94% and lagging behind from its 52-week high price with -1.92%. JPM’s last month’s stock price volatility remained 1.87%. In its share capital JPM has 3.83 billion outstanding shares, among them 3.81 billion shares have been floated in market exchange. JPM’s stock’s institutional ownership remained 73.26% while insider ownership included 0.13%.

The stock price of JPM is moving forward from its 20 days moving average with 1.35% and remote positively from 50 days moving average with 4.52%. JPM’s current year’s earnings per share experienced an addition with 16.05% while its current quarter performance remained at 17.75%. Company’s beta coefficient included 1.37. Beta factors measure the amount of market risk associated with market trade.

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