|Bid||110.71 x 800|
|Ask||110.87 x 1400|
|Day's Range||109.83 - 111.75|
|52 Week Range||91.11 - 119.24|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||11.95|
|Earnings Date||Jul 16, 2019|
|Forward Dividend & Yield||3.20 (2.76%)|
|1y Target Est||118.35|
Bahrain-based alternative investment manager Investcorp has mandated Citi and JPMorgan to coordinate the refinancing of a $400 million loan, sources familiar with the matter said on Sunday. Founded in 1982, Investcorp is one of the oldest Middle Eastern private equity houses. As of the end of last year, it had $22.5 billion in assets under management.
For decades Martin Flanagan, chief executive of Invesco, has shuffled between drab government buildings in Beijing and Shanghai on annual pilgrimages, urging regulators to open the market to foreign fund managers. The trips are “packed days from breakfast through dinner — it’s really morning through night”, said Mr Flanagan, who has run the $975bn-in-assets firm since 2005. Chinese authorities are now more willing to relax access to their markets, he said, spurred by a sense of urgency as they face what Larry Fink, chief executive of BlackRock, has labelled a “retirement crisis”.
JPMorgan Chase & Co. analyst Matthew Boss upgraded Under Armour's stock to "overweight" on Friday after visiting with Plank and other executives earlier in the week at the sportswear maker's headquarters in Baltimore.
JPMorgan said Friday it plans to buy health care payments company InstaMed, after Goldman Sachs reached a deal to buy wealth-management firm United Capital Financial Advisers.
The second-in-command at the Boston-based healthcare startup has resigned from the role for family reasons, the company said Friday.
Within the past week, JPMorgan Chase & Co. has doubled its local branch plans, according to regulatory filings, bringing the tally to six. Chase (NYSE:JPM) has filed applications with the Office of the Comptroller of the Currency to add branches in Homestead and the North Hills, less than a week after asking the regulator’s permission to add a location in Cranberry Township. Chase, which confirmed three branch sites in March, declined to comment.
JPMorgan Chase & Co said Friday it is acquiring InstaMed, a U.S. healthcare payments technology company. The deal gives JPMorgan the chance to add a new, niche business sector to its wholesale payments business, which the bank has steadily expanded in recent years. JP Morgan is paying more than $500 million for the business, CNBC reported earlier on Friday.
J.P. Morgan Chase & Co. is buying health-care payments technology company InstaMed, the companies announced Friday. The deal will expand the bank's suite of payment services for health-care consumers, providers and payers, J.P. Morgan said. "We've made significant investments in our Wholesale Payments business over the years and this acquisition will give us a unique advantage in one of the fastest growing sectors. With InstaMed, we combine the strength and scale of JPMorgan Chase's payments capabilities with a leading healthcare payments solution for consumers, providers and payers," said Takis Georgakopoulos, global head of Wholesale Payments at J.P. Morgan. Annual health-care spend in the U.S. is estimated to be more than $3 trillion, according to the Centers for Medicare & Medicaid Services, and billing and payment services could be a fertile market for the bank. Shares of the company have gained 14.1% in the year to date, while the S&P 500 has gained 14.8%.
The announced deal would be one of the largest exits for a local tech company, and J.P. Morgan's biggest acquisition since the 2008 financial crisis.
announced Friday it would acquire InstaMed, which specializes in healthcare payments technology. The acquisition is part of a larger effort by JPMorgan to build its healthcare payments services aimed toward healthcare consumers and providers. "We've made significant investments in our Wholesale Payments business over the years and this acquisition will give us a unique advantage in one of the fastest growing sectors.
The $500 million-plus deal shows that the nation's largest bank views the fast-changing world of payments as a battleground worthy of aggressive wagers.
JPMorgan Chase and InstaMed will now offer healthcare providers, payers and consumers an end-to-end healthcare payments solution
Kazakhstan has appointed J.P. Morgan and UBS as global coordinators for the planned initial public offering of its flag carrier Air Astana , a senior executive at the Samruk-Kazyna sovereign wealth fund ...
Nomura Holdings Inc. advocates a short position ahead of Saturday’s general election. QIC Ltd. has advised pension-fund clients to sell the Aussie against the dollar and yen, while AMP Capital Investors is equally pessimistic. Option traders are more bearish on the Aussie than any other G-10 currency as the risk-sensitive asset suffers from a sudden escalation in U.S.-China trade tension and a slowing economy.
JPMorgan Chase on Friday agreed to purchase healthcare payments and billing processor InstaMed for over $500m, the bank’s biggest acquisition since the height of the financial crisis, according to a person with knowledge of the matter. The purchase follows a resurgence of dealmaking by the likes of Goldman Sachs, Morgan Stanley and BB&T and marks JPMorgan’s biggest takeover since it bought investment bank Bear Stearns and the retail banking assets of Washington Mutual in 2008. JPMorgan already processes more than $6tn of payments a day.
SINGAPORE (AP) — Asian stocks were mixed on Friday amid worries that U.S. economic sanctions on Huawei would cast a pall on trade negotiations with China.
BRUSSELS/LONDON (Reuters) - Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market. Banks have been hit with billions of dollars in penalties worldwide over the last decade for the rigging of benchmarks used in many day-to-day financial transactions, further damaging the industry's fragile reputation after the financial crisis.