JPMorgan Chase & Co. (NYSE:JPM) shares surged


Dallas, Texas 07/10/2013 (Financialstrend) – JPMorgan Chase & Co. (NYSE:JPM) recently upgraded Caterpillar, Tabcorp Holdings, as well as other companies, to ‘overweight’ from ‘neutral’ rating. Large-cap banks face more stringent rules from regulators, including the requirement of a minimum capital to assets ratio of 3 percent set under the final Basel III regulations.

JPMorgan Chase & Co. (NYSE:JPM) is a financial holding company, which deals with financial services and institutional banking activities across global operations. Other services JPMorgan Chase & Co. (NYSE:JPM) provides are investment banking, commercial banking, private equity, asset management and financial transaction processing. JPMorgan Chase & Co.’s (NYSE:JPM) owns various subsidiaries including Chase Bank USA, National Association (Chase Bank USA, N.A.), JPMorgan Chase Bank and National Association (JPMorgan Chase Bank, N.A.). JPMorgan Chase & Co. (NYSE:JPM) operates the following major business segments, namely consumer business, private equity, corporate equity, commercial banking, asset management and community banking.

After reaching the intraday high price of $55.17, the share price of JPMorgan Chase & Co. (NYSE:JPM) closed at $54.89 with an intraday low price of $54.19. The share price of JPMorgan Chase & Co. (NYSE:JPM) increased by 0.35 percent, closing on Tuesday at $55.07. The 52-week high price of JPMorgan Chase & Co. (NYSE:JPM) is $55.90 and the 52-week low price was stood at $33.10. With 3.78 billion total outstanding shares, the market capitalization of JPMorgan Chase & Co. (NYSE:JPM) is $207.52 billion. The intraday share trading volume for yesterday was 20.52 million, whereas the average trading volume of JPMorgan Chase & Co. (NYSE:JPM) heads up to 21.76 million. Institutional ownership in JPMorgan Chase & Co. (NYSE:JPM) records a contribution of 74 percent of the company’s total outstanding shares.

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