J.P. Morgan Chase & Co. (NYSE:JPM) has completed its Electronic Bank Management Central Utility Pilot.

J.P. Morgan Chase & Co. (NYSE:JPM) Finishes Finance Pilot

Reports say that J.P. Morgan Chase & Co. (NYSE:JPM) Treasury Services has completed its Electronic Bank Management (eBAM) central utility pilot (E-CU).

J.P. Morgan Chase & Co. (NYSE:JPM) successfully implemented the program with three major clients – MetLife, Fujitsu, and SWIFT Treasury.

Nick Donohue, Managing Director, J.P. Morgan Chase & Co. (NYSE:JPM) Treasury Services, said that, “Completing a global test across multiple channels, together with our corporate partners, is a tremendous accomplishment. J.P. Morgan Chase & Co. (NYSE:JPM) has been a leader in establishing eBAM and 3SKey standards. The E-CU has the potential to help drive the adoption of, and adherence to, standards, which may eliminate the friction in the process and maximize the transformational opportunity that eBAM has promised to corporations and their banks alike”.

JP Morgan Chase & Co. (NYSE:JPM) stocks were at 37.01 at the end of the last day’s trading. There’s been a 1.4% movement in the stock price over the past 3 months.

JP Morgan Chase & Co. (NYSE:JPM) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.38
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.27
Zack’s Rank: 4 out of 15 in the industry