|Bid||158.00 x 900|
|Ask||158.02 x 1200|
|Day's Range||157.00 - 159.01|
|52 Week Range||91.38 - 167.44|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||10.53|
|Earnings Date||Oct 13, 2021|
|Forward Dividend & Yield||3.60 (2.28%)|
|Ex-Dividend Date||Jul 02, 2021|
|1y Target Est||168.98|
JPMorgan Chase & Co (NYSE: JPM) is ready to launch its long-planned digital retail bank Chase in Britain from the upcoming week, Reuters reports. JPMorgan's first overseas retail bank aims to launch its smartphone app, initially offering current accounts on Tuesday. It planned to expand into lending and investments and other countries, starting with continental Europe. Britain's consumer-banking market players include digital startups like Monzo Bank Ltd and Starling Bank Ltd, Bloomberg reports.
The move will be the American lender’s first overseas retail operation in its 222-year history, with an aim to upend the UK banking market.
JPMorgan is set to launch its big assault on British high street banks and online lenders from next week, with the launch of its long-planned digital retail bank Chase. The venture - JPMorgan's first overseas retail bank - is set to launch its smartphone app initially offering current accounts on Tuesday, a JPMorgan spokesperson confirmed. Sanoke Viswanathan, head of the online venture, told the Times and Financial Times newspapers on Friday the bank planned to expand into lending and investments as well as expand in other countries if successful, starting with continental Europe.