Dimon Is Open to Purchases Even If US Authorization Unsure – NYSE:JPM
10 January 2012 JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon stated that he would be willing to try a takeover of one more US lender even if watchdogs weren’t likely to support.
The company would most likely be willing to do something even if they might end up with some egg in their face, so long as the deal’s price is good-looking, stated Dimon, 55, whose New York-based company purchased Washington Mutual and Bear Stearns Cos. in 2008. JPMorgan is previously the nation’s biggest bank with $2.3 trillion in assets and is pushing up in opposition to rules that blocks banks from controlling over 10% of all deposits in the US.
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He further said that it would be “very hard” for the company to purchase a failing institution in Europe, Dimon stated today at a JPMorgan health-care conference in San Francisco. It would be a disaster if there was a unruly breakup of the European Union.
Dimon stated in an interview recently with CNBC that if it made a lot of sense, he would go to the board and they would have a discussion to see if it’s worth taking the political risk.
JPMorgan Chase & Co. (NYSE:JPM) last session volume of 23.01 million shares was surprisingly higher than its average volume of 39.60 million shares. The stock after opening at $35.44 hit high price of $35.68 and then closed at $35.30 by scoring -0.17%.
The liquidity measure in recent quarter results of the company was recorded 4.05 as debt to equity ratio and long-term debt to equity ratio also remained 1.86. The Company had total cash at hand $900.19 billion and a book value per share as $45.95 in the most recent quarter.
The stock price volatility was 2.81% for a week and 2.90% for a month as well as price volatility’s Average True Range for 14 days was 1.11 and its beta remained 1.23.
JPM generated revenue of 61.85 billion in the following twelve months and earned $18.55 billion. The Company showed a positive 19.71% in the net profit margin and as well as in its operating margin which remained 28.48%. Company’s annual sales growth for the past five year was 7.19%
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