In an extension to their Asian investment program, J.P Morgan is set to buy a stake in a Chinese trust firm.

J.P. Morgan Chase & Co. Lines Up China Investment

J.P. Morgan Chase & Co. (NYSE:JPM), the largest U.S. bank, has taken the decision to buy a 19.9 percent stake in Chinese trust company Bridge Trust Co.

The value of the acquisition has not yet been disclosed.

The deal does still however require approval from the China Banking Regulatory Commission.

J.P. Morgan Chase & Co. (NYSE:JPM) plans to help Bridge Trust originate, structure and distribute products that will be sold to the firm’s growing base of wealthy individuals.

Bridge Trust is majority owned by China Power Investment Financial Co.

JP Morgan Chase & Co. (NYSE:JPM) company shares are currently standing at 45.12.

Price History
Last Price: 45.12
52 Week Low / High: 27.85 / 47.8
50 Day Moving Average: 39.03
6 Month Price Change %: 48.7%
12 Month Price Change %: -0.8%

J.P. Morgan Chase & Co. (NYSE:JPM) has unveiled a collateral management solution in partnership with the Hong Kong Monetary Authority.

J.P. Morgan Chase & Co. Shows Off HK Platform

J.P. Morgan Chase & Co. (NYSE:JPM) has announced that its division J.P. Morgan Chase & Co. (NYSE:JPM) Worldwide Securities Services will launch an innovative repo financing collateral management platform.

The platform aims to enhance financial stability and provide secured channels for liquidity provisions to the financial markets in Hong Kong and is being developed in partnership with the Hong Kong Monetary Authority (“HKMA”).

Kirit Bhatia, Head of Technical Sales, Asia ex-Japan, J.P. Morgan Chase & Co. (NYSE:JPM) Worldwide Securities Services, said that, “J.P. Morgan Chase & Co. (NYSE:JPM) is delighted to have partnered with the Hong Kong Monetary Authority for this important step in the development of Hong Kong’s capital markets infrastructure. This collaboration is testament yet again to J.P. Morgan Chase & Co. (NYSE:JPM)’s continued leadership in delivering truly global securities financing and collateral management solutions”.

JP Morgan Chase & Co. (NYSE:JPM) shares are currently standing at 43.39.

Price History
Last Price: 43.39
52 Week Low / High: 27.85 / 47.8
50 Day Moving Average: 37.86
6 Month Price Change %: 33.6%
12 Month Price Change %: -4.2%

J.P. Morgan Chase & Co. (NYSE:JPM) has plans to hire 200 more staff members at the Downtown Phoenix Job Fair.

J.P. Morgan Chase & Co. To Expand In Phoenix

It has been reported that J.P. Morgan Chase & Co. (NYSE:JPM) is planning to hire 200 new full-time mortgage banking operations employees through a downtown Phoenix job fair.

The jobs are for the second shift, starting mid-afternoons through around midnight.

Joe Stewart, Chairman of J.P. Morgan Chase & Co. (NYSE:JPM) in Arizona, said that, “The results of J.P. Morgan Chase & Co. (NYSE:JPM)’s Veteran’s Day job fair were tremendous, and now we’re adding another 200 full-time positions in our mortgage banking area. As J.P. Morgan Chase & Co. (NYSE:JPM) expand, we continue to make a special effort to recruit the men and women who have served our country”.

JP Morgan Chase & Co. (NYSE:JPM) shares are currently standing at 40.54.

Price History
Last Price: 40.54
52 Week Low / High: 27.85 / 47.8
50 Day Moving Average: 37.66
6 Month Price Change %: 25.1%
12 Month Price Change %: -11.4%

J.P. Morgan Chase & Co. (NYSE:JPM) has teamed up with Hyatt to launch first U.S. Co-Branded hotel card with EMV Chip technology.

J.P. Morgan Chase & Co. Makes Hotel Partnership

J.P. Morgan Chase & Co. (NYSE:JPM)’s division, Chase Card Services and HyCard Inc., an affiliate of Hyatt Hotels Corporation, have unveiled first U.S. Co-Branded hotel card with EMV Chip technology.

Cardmembers traveling internationally are now offered seamless and secure payment solution with the Hyatt Credit Card with chip technology.

Robin Schettini, general manager, J.P. Morgan Chase & Co. (NYSE:JPM) ,said that, “Offering EMV chip technology on the Hyatt Credit Card is an extension of our commitment to provide cardmembers best-in-class service and products. This new feature offers cardmembers convenience and peace of mind that cannot be matched by any other U.S. cobranded hotel card. J.P. Morgan Chase & Co. (NYSE:JPM)’s Hyatt cardmembers will benefit from the card’s premier travel benefits and the ability to safely and easily conduct transactions when travelling internationally”.

JP Morgan Chase & Co. (NYSE:JPM) shares were at 39.24 at the end of the last day’s trading. There’s been a 37.3% movement in the stock price over the past 3 months.

JP Morgan Chase & Co. (NYSE:JPM) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.4
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.3
Zack’s Rank: 5 out of 15 in the industry

J.P. Morgan Chase & Co. (NYSE:JPM) has chose Gemalto for its trusted service management.

J.P. Morgan Chase & Co. Makes Services Management Choice

J.P. Morgan Chase & Co. (NYSE:JPM) announced that it has selected Gemalto to provide its Trusted Service Management (TSM) solution for Chase’s enterprise-wide mobile payments platform.

Gemalto’s TSM will provision and manage the credit and debit card data of J.P. Morgan Chase & Co. (NYSE:JPM) customers, validating authenticity and supporting information delivery over the air.

Jack Stephenson, director of mobile, e-commerce and payments, J.P. Morgan Chase & Co. (NYSE:JPM), said that, “J.P. Morgan Chase & Co. (NYSE:JPM) has had a long and successful business relationship with Gemalto issuing traditional and contactless payment cards. J.P. Morgan Chase & Co. (NYSE:JPM) is pleased to expand this partnership to include mobile payment. Gemalto will help us offer our customers effortless and secure mobile transactions”.

JP Morgan Chase & Co. (NYSE:JPM) shares were at 39.06 at the end of the last day’s trading. There’s been a 34.4% change in the stock price over the past 3 months.

JP Morgan Chase & Co. (NYSE:JPM) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.4
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.28
Zack’s Rank: 6 out of 15 in the industry

J.P. Morgan Chase & Co. (NYSE:JPM) has scheduled the addition of more Central Ohio jobs.

J.P. Morgan Chase & Co. Expands Jobs In Ohio

J.P. Morgan Chase & Co. (NYSE:JPM) has announced that it will hire 350 or more employees in Central Ohio during the next five years.

As part of this move J.P. Morgan Chase & Co. (NYSE:JPM) will invest more than $18 million to refurbish leased office space at two Polaris Parkway locations.

James Malz, president of J.P. Morgan Chase & Co. (NYSE:JPM) in Ohio, said that, “J.P. Morgan Chase & Co. (NYSE:JPM) continues to offer a growing number of career opportunities at a great company in Columbus. In addition, the new jobs bring new investment in the community as our real estate needs grow and we customize workspaces to welcome new colleagues. J.P. Morgan Chase & Co. (NYSE:JPM) has had tremendous community support–particularly from Columbus, Westerville and Gahanna–as J.P. Morgan Chase & Co. (NYSE:JPM) expanded our Central Ohio workforce in recent years”.

JP Morgan Chase & Co. (NYSE:JPM) company shares are currently standing at 38.49.

Price History
Last Price: 38.49
52 Week Low / High: 27.85 / 47.8
50 Day Moving Average: 35.71
6 Month Price Change %: 6.3%
12 Month Price Change %: -17.3%

J.P. Morgan Chase & Co. (NYSE:JPM) has acquired a Boulder bank branch for $3m.

J.P. Morgan Chase & Co. Buys Bank Branch

According to reports, J.P. Morgan Chase & Co. (NYSE:JPM) is planning to open a new Chase bank in Boulder.

As part of this move the bank bought the former Pueblo Bank & Trust, with J.P. Morgan Chase & Co. (NYSE:JPM) acquiring the branch site at 2950 Pearl St. for $3 million.

Mary Jane Rogers, a local J.P. Morgan Chase & Co. (NYSE:JPM) spokeswoman, said that, “Employees at J.P. Morgan Chase & Co. (NYSE:JPM)’s branch off 30th and Walnut streets will relocate to the new branch, which is slated to open by the end of June”.

JP Morgan Chase & Co. (NYSE:JPM) shares were at 38.00 at the end of the last day’s trading. There’s been a 18.8% movement in the stock price over the past 3 months.

JP Morgan Chase & Co. (NYSE:JPM) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.4
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.28
Zack’s Rank: 5 out of 15 in the industry

J.P. Morgan Chase & Co. (NYSE:JPM) has hired Mauricio Galindo to Head Research in Agriculture.

J.P. Morgan Chase & Co. Hires Agriculture Head

There has been another senior change at J.P. Morgan Chase & Co. (NYSE:JPM).

Bloomberg has reported that J.P. Morgan Chase & Co. (NYSE:JPM), the biggest U.S. bank by assets, has named new head for its agricultural commodities research team as Mauricio Galindo.

Galindo comes to J.P. Morgan Chase & Co. (NYSE:JPM) from London-based ED&F Man Holdings Ltd. and will be based in London.

JP Morgan Chase & Co. (NYSE:JPM) stocks were at 37.40 at the end of the last day’s trading. There’s been a 16.0% change in the stock price over the past 3 months.

JP Morgan Chase & Co. (NYSE:JPM) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.4
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.28
Zack’s Rank: 6 out of 15 in the industry