|Price Range 12mo avg:||$451K – $5.6M|
|$/sf 12mo avg:||$665.98|
|CAP Rate 12mo avg:||5.04%|
|Lease Terms:||16yrs NNN|
|Building Size avg:||3,800 SF|
|Lot Size avg:||1+/- acres|
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. We are the neighborhood bank for thousands of communities across the country. We serve approximately one of out of every six Americans through more than 5,500 bank branches; 18,000 ATMs; mortgage offices; online and mobile banking; as well as relationships with auto dealerships, schools and universities.
- Serves 21 million households with consumer banking relationships.
- Services 7 million mortgage and home equity loans.
- Offers investment products and solutions to more than 1.6 million customers.
- Provides more than $50.3 billion in financing and lending to metropolitan-area governments and non-profits across the country.
With such a broad range of businesses, our mission at Chase is quite simple: to be the industry leader in customer service. And we have more than 160,000 employees across the world to help us achieve it.
|S&P Credit Rating:||A+|
|Moody’s Credit Rating:||A3|
|Annual Revenue 2014:||$94.2B|
|Annual Revenue 2013:||$96.6B|
|Revenue Growth:||↓ 2% from 2013|
|Units (Dec. 2014)||5,719|
|Average Units Volume:||$4.1M|
Number of Units only accounts for Bank Branches. Average Units Volume includes Branches, ATM and mortgage offices.
Yahoo! Finance: JPM News Latest Financial News for JPM
Why bitcoin hasn’t gone to zero and is now knocking on the door of $10,000
on June 17, 2019 at 8:01 pm
The world’s No. 1 cryptocurrency is on fire, with a price approaching $10,000, pushing the digital asset near its highest level in more than 14 months, according to MarketWatch data provided by CoinDesk. […]
Apple Analysts See China iPhone Demand Tested by Trade Dispute
on June 17, 2019 at 5:10 pm
(Bloomberg) -- Apple Inc. could be seeing weaker-than-expected demand for its iPhone product line, especially in China, where trade tensions have been weighing down sales, analysts said on Monday.Shares of Apple rose 0.7%, rebounding after a three-day decline. While the stock is up about 12% from a low hit earlier this month, Apple is still down more than 8% from a peak in early May.JPMorgan wrote that macroeconomic uncertainty “is likely to drive greater headwinds to the smartphone market.” The bank lowered its iPhone shipment forecasts for the second quarter through the fourth quarter, dropping them by 4% to 139.5 million units. Analyst Samik Chatterjee also trimmed his price target by $2 to $233, although he kept his overweight rating.The macro issues are “cyclical and likely resolved with a trade resolution,” Chatterjee wrote, adding that Apple could see a tailwind from its growing services business.The iPhone is critically important to Apple’s fortunes, accounting for more than 60% of the company’s 2018 revenue, according to data compiled by Bloomberg. The company derived nearly 20% of last year’s revenue from China, and weakness there pushed Apple to cut its sales forecast in January.JPMorgan was not the only firm to express caution about the outlook for iPhone sales on Monday. Longbow Research wrote that “concerns are rising that the ban on sales to Huawei will further impair iPhone demand in China,” and that there was a risk Apple “will not see notable share gains outside of China.” Analyst Shawn Harrison has a neutral rating on Apple, and wrote that the company’s efforts “to expand the reach and breadth of its services is key amidst a challenged iPhone demand environment, particularly in China.”Loop Capital Markets wrote that while iPhone unit demand was “well aligned with Street expectations” for June, consensus forecasts were “too high” for the second half of the year.“We continue to believe that risk remains to iPhone revenue through the year from mix (both units and capacity per unit), but with a stabilizing China,” analyst Ananda Baruah wrote, affirming Loop’s hold rating and $190 price target.A more optimistic view on the iPhone came from Credit Suisse, which wrote that China iPhone sales were becoming “less bad.”“The pace of decline for iPhone shipments in China has significantly improved” so far this quarter, analyst Matthew Cabral wrote, touting the impact of price cuts. But he noted that units were still down 4% this quarter compared with the year-ago period, and that iPhones were “lagging the overall Chinese smartphone market.”While “less bad” is a “clear positive given the magnitude of the prior headwind, risk remains,” he wrote. Credit Suisse has a neutral rating and $209 price target.Cabral expects trade-related uncertainty will keep the stock within a range, but that risks are “skewed to the downside.”Even beyond trade, he added that “aggressive local competition and a narrower ecosystem advantage in China remain deeper structural challenges for Apple, with no easy near-term fix.”To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P. […]
Bitcoin Surges Past $9,000 for the First Time in More Than a Year
on June 17, 2019 at 4:32 pm
For the first several months of 2019, it was relatively stable at around $4,000, but Bitcoin’s price has been climbing as of late. […]
The World of High-Frequency Algorithmic Trading
on June 17, 2019 at 2:25 pm
What’s behind the scenes of high-frequency algorithmic trading (HFT)? Here's a detailed look at the breakneck world of algorithmic and high-frequency trading […]
Markets May Be Underpricing Major Risks in Fed, G-20 Events
on June 17, 2019 at 12:23 pm
(Bloomberg) -- Financial markets are signaling investors see little risk of disruption from upcoming events, despite the potential for major shifts in the course of Federal Reserve policy and U.S.-China trade negotiations.The range of options for this week’s Fed meeting spans a surprise interest-rate cut, a set-up of one down the road or a continued stance of patience, given still-solid economic growth. Late next week, the outcomes of the Group-of-20 summit look binary: either U.S.-China trade talks get back on track, or investors must anticipate further tariff hikes. And the usual run of data must be added to the mix, such as the July 5 payroll report.Yet despite the potential for major market moves from these events, JPMorgan Chase & Co. strategists estimate that the embedded volatility risk premium is “significantly” below its historical average. The group, including Nikolaos Panigirtzoglou, cited a gauge of implied to realized volatility using 12 measures across five asset classes.Other oddities include a large number of short positions on futures tied to the VIX -- the so-called fear gauge tied to U.S. stocks -- and a low amount of hedging as seen in the put-to-call open-interest ratio for S&P 500 Index options, the JPMorgan team wrote in a note Friday.“Option markets do not embed enough cushion against the significant event risk markets are facing over the coming weeks,” the strategists concluded.And then there’s equity positioning, which is still on the high side and vulnerable to a spike in volatility, according to Deutsche Bank AG. Positioning from hedge funds is light on U.S. equities though concentrated in the same stocks as the S&P 500, while in equity futures it’s near the top its historical range, strategists including Hallie Martin and Binky Chadha wrote in a separate report.Systematic strategies “are heavily allocated to U.S. equities and would be sellers on a significant vol spike into a record low liquidity environment,” the Deutsche strategists wrote. Buybacks, which have been supportive of U.S. stocks, will start to run into quarterly blackout periods later this month coinciding with the G-20 meeting, they highlighted.Read: As Threats Mount, Equity Bulls Retain Footing in Tumultuous WeekThere are some markets appearing to gird for stormy weather ahead. Treasuries have been climbing since early May, when President Donald Trump announced he’d expand tariffs on Chinese imports. Five-year notes are effectively pricing in a recession, the JPMorgan analysts calculated. Base metals too are discounting trouble ahead, they estimated.Not so for the S&P 500. The benchmark closed Friday just 2% below its record high from April, and futures were up 0.1% as of 8:17 a.m. Monday in New York. That leaves equities vulnerable to a Fed disappointment. Indeed, one consideration for Fed policy makers is that they might lose the power of surprise should they hold off this week, then lower rates in the aftermath of a negative outcome on trade talks, the JPMorgan team noted.“The resilience of the equity market is in our opinion showing that equity investors have been leaning towards the thesis of a preemptive Fed,” the strategists said. “A more cautious and patient Fed next week could cast doubt on the above thesis, creating the risk of an equity-market correction.”(Adds futures in second-to-last paragraph.)\--With assistance from Namitha Jagadeesh.To contact the reporter on this story: Joanna Ossinger in Singapore at email@example.comTo contact the editors responsible for this story: Christopher Anstey at firstname.lastname@example.org, Cormac MullenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P. […]