JPMorgan Chase & Co (JPM)
$98.04 0.87 (0.90%)
20:00 EDT JPM Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap 333.80B
PE Ratio 13.95
Volume (Avg. Vol.) 15.20M
Day's Range 96.23 - 98.42
52-Week Range 76.91 - 141.10
Dividend & Yield 2.48 (2.53%)
JPM Stock Predictions, Articles, and JPMorgan Chase & Co News
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As market valuations look stretched, it's a good time to consider exposure to some low beta safe stocks that feature dependable dividends.
JPMorgan is rolling out a fintech challenger called QuickAccept to give SMBs free fast funding. Paypal and Square are clearly in the big bank's sights.
Despite doom and gloom headlines, Louis Navellier expects most companies will leap over the low earnings bar that analysts have set. With that in mind, let’s take a look at some of the big financial companies that reported last week.
JPMorgan and Goldman Sachs reported Q3 earnings this week and there is one big takeaway. Big banks are confident in the U.S. economy.
JPMorgan stock just delivered a solid earnings report. Questions remain, but with answers coming sooner than later it's time to buy.
Quarterly earnings reports from the largest banks in the US are expected to make it clear that the country's economy is in for a long recovery.
By Alex Sirois
Blue-chip stocks should look especially attractive to investors now that uncertainty reigns. Read on to learn which are strongest.
Alteryx, JPMorgan, Gap and Sea Ltd. were our top stock trades for Wednesday. Let's look at how the charts are setting up now.
Given the uncertainty surrounding the election and the economy, investors may want to look at these seven value stocks to beat out volatility.
If the banks are going down, these seven financial stocks are likely to suffer. A questionable economy and low interest rates aren't helping.
With the economy emerging from pandemic darkness, cyclical stocks could be market leaders into the end of 2020.
The novel coronavirus and resulting quarantine led a lot of new investors to join in the markets. Here are 10 stocks for beginners to buy.
Bank of America (NYSE:BAC) is also dealing with some bearish news that may keep it in a consolidation range, and we want to take advantage by selling a covered call.
Tesla, the Dow ETF, JPMorgan, Bank of America and Smith & Wesson were our top stock trades from Friday. That said, let's look at the charts.
JPMorgan Chase may not increase its next quarterly dividend as expected. Even if it doesn't hike the dividend, JPM stock is still attractive with a 3.5% yield and a minimum potential gain of 37.4%.
Financial stocks were flying after the Federal Reserve Chairman's speech. Here are the top three charts in the sector to buy for profits.
You can count on these 20 stocks to buy if you’re betting on America in the long term. Here's why each will stand the test of time.
From Yahoo Finance
(Bloomberg) -- PetSmart Inc. is shelving a $4.65 billion debt sale that would have helped finance its split from its online counterpart Chewy Inc. after struggling to get buyers on board.The company withdrew its joint junk bond and leveraged loan offering, citing market conditions, according to emailed comments from a PetSmart spokesman Friday. The financing, part of a plan to separate the companies led by private equity firm BC Partners, had yet to generate enough orders to match what it was trying to raise, according to people with knowledge of the matter, who asked not to be identified discussing a private transaction.Investors had yet to warm up to the deal even after extracting more favorable terms from the BC Partners-led group earlier this week, Bloomberg reported. Even with stronger protections, known as covenants, and better pricing, buyers were still uneasy with the core purpose of splitting the two companies, which would have left them with only the brick-and-mortar PetSmart retail operation, without the valuable online business of Chewy.Representatives for Barclays Plc, which was leading the bond offering, and JPMorgan Chase & Co., which had led the loan, declined to comment. A spokesperson for BC Partners deferred a request for comment to PetSmart.It’s the latest transaction to be pulled in the high-yield market, where retail funds saw their first outflow in a month amid a larger selloff from a resurgent coronavirus. Some borrowers in the leveraged loan market have also had to cave to lenders with higher pricing to get deals done.‘Atrocious’ Covenants“The covenants that were initially proposed were atrocious,” Covenant Review analyst Scott Josefsberg said in a phone interview Friday. “They were up there with the most aggressive that we’ve seen.”Investors were able win some changes to the documents, including the removal of what are known as unrestricted subsidiaries, a step which curtails the assets that PetSmart can move beyond the reach of lenders, said a separate person with knowledge of the matter. They managed to secure higher interest rates on both bond tranches and the loan, as well.PetSmart also added a financial ratio test, a condition to accessing a so-called restricted payments build-up basket, the person said. Without such a test, PetSmart could have used these funds to pay dividends or siphon away assets, regardless of how many assets it had to cover its debt.In another win for creditors, PetSmart imposed terms that restricted its ability to incur more debt, including the capacity for incremental first-lien borrowings that rank ahead of unsecured obligations. The provision, which originally allowed the company to add about $3.6 billion of first-lien debt, was roughly cut in half.Recapitalizing DealThe transaction to split the companies came three years after BC Partners saddled PetSmart with more debt to acquire Chewy, a fast-growing but still unprofitable competitor. The deal also included recapitalizing PetSmart with $1.3 billion of equity.All of PetSmart’s remaining shares in Chewy would have been distributed to the BC Partners-led group, which planned to operate Chewy as a wholly separate business. The new structure would have resulted in a smaller debt load relative to earnings as well as longer maturities for PetSmart, which would continue to focus on its brick-and-mortar locations.Read more: BC Partners to split PetSmart, Chewy in $6 billion recap dealBoth companies have performed well during the pandemic amid a surge in pet adoption and as consumers gravitate toward home-related products. Government-mandated shutdowns have also accelerated a shift to online shopping, benefiting businesses like Chewy at the expense of traditional retailers.(Updates with more context from third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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