It survived the financial crisis in good shape, but JPMorgan Chase is now at a crossroads.
JPMorgan reported $1.58 in diluted earnings per share for the third quarter, resulting in a 13% return on tangible common equity, in line with our long-term expectations. We are maintaining our $72 fair value estimate for the narrow-moat bank.JPMorgan managed to grow both loans and deposits during the quarter. Average core loans expanded by an impressive 15% during the year, driven by double-digit expansion of both consumer (excluding credit card) and commercial loan balances. Within the U.S., ...
JPMorgan Chase is a financial holding company. Through its subsidiaries, the company's segments include: Consumer and Community Banking, which provides services through bank branches, ATMs, digital (including mobile and online) and telephone banking; Corporate and Investment Bank, which consists of Banking and Markets and Securities Services, provides a suite of investment banking, market-making, prime brokerage, and treasury and securities products and services; Commercial Banking, which provides financial solutions, including lending, treasury services, investment banking and asset management products; and Asset and Wealth Management, which is engaged in investment and wealth management.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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