J.P. Morgan (NYSE:JPM) Appoints Marianne Lake As CFO – JPM, PNC, NBG, MTU, FRC

JPMorgan Chase & Co. (NYSE:JPM) announced on Monday that it has promoted Marianne Lake to CFO, thriving Dough Braunstein who will become a vice chairman.

Ms. Lake will also join the bank’s operating committee, is at present financial chief for J.P. Morgan’s consumer and community banking segment. Her hired is effective early on next year.
The biggest U.S. bank by assets has been in the attention since untimely April as its outsized, complex trades on credit default changes tied to corporate bonds came below strong scrutiny during the London Whale disaster.

Previous month, the bank reported that its Q3 earnings increased 34 percent as revenue surged and its provision for credit losses plunge.

Shares surged 2.68% to close at $40.59 on Monday and were unchanged after hours. The stock is increased 33 percent over the previous 12 months.

JPMorgan Chase & Co. (NYSE:JPM) stock hit highest price at $40.70, beginning with a price of $40.09 and reported increased 2.68% to the closed at $40.59 with day range of $40.09-$40.70. The total market capitalization remained $154.30 billion; total volume held in the session was 26.78 million shares surprisingly higher than its average volume of 24.72 million shares.

To check the Stocks ups and downs, JPM last week stock price volatility remained 2.02% and month was at 2.09%. JPM generated revenue of 57.48 billion in the following twelve months income of $17.98 billion. The Company showed a positive 20.37% in the net profit margin and in addition to in its operating margin which remained 28.16%. Company’s annual sales growth for the past five year was 0.73%.

The JPM past twelve months price to sales ratio was 2.68 and price to cash ratio remained 2.89. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained PNC Financial Services (NYSE:PNC)’s P/S 2.74% P/C 6.78%, National Bank of Greece (ADR) (NYSE:NBG)’s P/S 0.24% P/C 0.40%, Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU)’s P/S 2.00% P/C 1.71%, First Republic Bank (NYSE:FRC)’s P/S 3.50% P/C 5.45%.

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Published by Chris Brown

About Me: I have a Phd in Economics Gender: Male Interests: Playing games like cricket, volleyball Favorite Music: hip hop, rock, jazz

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