J.P. Morgan

San Yad · #1 27th August 2008, 07:52 PM

Kindly put some light on J.P. Morgan.

thanks.

Alchemist · #2 27th August 2008, 09:57 PM

What exactly do you want to know?

J.P. Morgan Chase is one of the bigger financial institutions in US.

Two days back, the firm had reported that it would lose around $0.6 billion ($600 million) because of write-downs of its investments in preferred shares of Freddie Mac and Fannie Mae.

J.P. Morgan is in a better condition, compared to Lehman Brothers and may survive the financial crisis in US.

San Yad · #3 28th August 2008, 06:10 PM

Nice to know that Morgan is in better position! In fact, I have some investments there as well. I am still sitting on profit but not sure for long term.

Hope to see the better growth after Obama takes his position in USA.

Cheers!

Alchemist · #4 8th July 2011, 05:27 PM

Quote:

Originally Posted by San Yad

Nice to know that Morgan is in better position! In fact, I have some investments there as well. I am still sitting on profit but not sure for long term.

Did you exit J.P. Morgan?

J.P. Morgan is now almost the biggest bank in US.

The stock is where it was 3 years back. The stock was at $23.37 on 27th August 2008. Yesterday's close was $25.66.

Quote:

JPMorgan Chase & Co is close to vaulting past Bank of America Corp to become the biggest bank in the United States, but it will likely get there in an odd way -- by shrinking less than its rival.

JPMorgan close to becoming the top U.S. lender - Yahoo! India Finance

San Yad · #5 8th July 2011, 05:36 PM

Quote:

Originally Posted by Alchemist

Did you exit J.P. Morgan?

Thanks for the update.

Not yet. Still holding tight.

.

Happy Investing!

arcus · #6 8th July 2011, 10:05 PM

Quote:

Originally Posted by San Yad

Thanks for the update.

Not yet. Still holding tight.

.

Happy Investing!

How did you invest in J.P.Morgan Chase?

Is there any IDR for them here or do you live in America?