JP Morgan (
JPM
) is one of the leading global financial services company. The firm
has an asset base of over $2 trillion and serves customers in more
than 60 countries worldwide. Its main competitors include Bank
of America (
BAC
),
Wells Fargo
(
WFC
), Goldman Sachs (
GS
), Deutsche Bank (
DB
) and Morgan Stanley (MS).
We have a
price estimate of $48.87 on JPMorgan's
stock, which is about 5% above the current market price.
The 5 Most Important Divisions for JPMorgan
1) Retail Banking - represents 19% of the company's stock
value
The retail banking division of JPMorgan serves small businesses
and consumers by providing traditional banking services to them
through their various branch locations, ATM's, online banking etc.
Customers have access to more than 5,100 bank branches (3rd largest
in the U.S.) and over 15,000 ATM's (2nd largest in the U.S.) as
well as online and mobile banking.
See the top forecasts for this division
2) Credit Card Services - represents 16%
JPMorgan provides credit card services to customers. Customers
use Chase cards all across the globe to make purchases. At the end
of 2009 , JPMorgan had more than 145 million cards in circulation
meeting nearly $328 billion worth of spending needs. With the
acquisition of Washington Mutual, JPMorgan has become the nations
largest issuers of Visa and MasterCard. See the top forecasts for
this division.
3) Consumer Lending - represents 13%
The consumer lending division of JPMorgan serves consumers by
providing lending services to clients. Loans originated include
home mortgages, student, auto and other loans provided to
individual consumers. Through JPMorgan's services, clients can
obtain loans through more than 15,700 auto dealerships and nearly
2,100 schools and universities worldwide. See the top forecasts for
this division.
4) Sales and Trading - represents 13%
The sales and trading segment of JPMorgan helps execute certain
deal related transactions for corporate and commercial clients. The
firm assists in making markets for institutional and high net worth
clients. In 2009, the firm had nearly 6,500 professionals on
approximately 120 trading desks in 25 trading centers around the
world. See the top forecasts for this division.
5) Corporate/Private Equity - represents 9%
The corporate / private equity segment of JPMorgan comprises
private equity, treasury, corporate staff units and expenses that
are centrally managed. We group these units together in our
analysis. The corporate portfolio is used by the bank to manage its
excess cash, collateral needs and interest rate exposure. The main
sources of income in this division is from the firms own personal
investments that it makes and any gains associated with it. See the
top forecasts for this division.
See our full analysis for JPMorgan