JpMorgan Chase & Co. Appoints Charlie Jacobs as Its New Co-Head of UK Investment Banking (2024)

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04:00:02 2024-06-21 pm EDT
5-day change 1st Jan Change
196.3 USD -1.19% JpMorgan Chase & Co. Appoints Charlie Jacobs as Its New Co-Head of UK Investment Banking (1) +1.30% +15.40%
Jun. 21 Sector Update: Financial Stocks Slipping Late Afternoon MT
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JPMorgan Chase & Co. has appointed Charlie Jacobs as its new co-head of UK investment banking, alongside David Lomer. Mr. Jacobs, who has been senior partner and chairman at law firm Linklaters since 2016 and has long focused on M&A, will succeed Ed Byers who has been promoted to vice chairman of UK investment banking.

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JpMorgan Chase & Co. Appoints Charlie Jacobs as Its New Co-Head of UK Investment Banking (3)

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Company Profile

JPMorgan Chase & Co. is one of the biggest banking groups in the world. Revenues (including intragroup) break down by activity as follows:- investment and market banking (40.2%): consulting for mergers-acquisitions and restructuring, capital increases, investment capital, active on the stock, bond, and derived product markets, stock market brokerage, etc.;- retail banking (38.9%): sale of standard and specialized financial services (real estate loans, automobile loans, insurance, etc.) through a network of more than 4,790 banking agencies. The group also develops credit cards sale activity;- asset management (13.2%): USD 3,113 billion of assets under management at the end of 2021;- commercial banking (7.7%).At the end of 2021, the group was managing USD 2,462.3 billion in current deposits and USD 1,077.7 billion in current loans.Income breaks down geographically as follows: the United States (76.2%), Europe/Middle East/Africa (13.6%), Asia/Pacific (7.9%), Latin America and Caribbean Islands (2.3%).

Sector

Banks

Calendar

2024-07-04 - Détachement de

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Income Statement Evolution

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Analysis / Opinion

JPMorgan CEO Jamie Dimon calls for tax relief for low-income earners January 26, 2024 at 01:59 pm EST

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Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

JpMorgan Chase & Co. Appoints Charlie Jacobs as Its New Co-Head of UK Investment Banking (6)

Buy

Mean consensus

OUTPERFORM

Number of Analysts

24

Last Close Price

196.3USD

Average target price

210USD

Spread / Average Target

+6.96%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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JpMorgan Chase & Co. Appoints Charlie Jacobs as Its New Co-Head of UK Investment Banking (17)

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JpMorgan Chase & Co. Appoints Charlie Jacobs as Its New Co-Head of UK Investment Banking (2024)
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