StockIceMan's Weekly Stock Pick
Week of July
29th, 2002
| Stock: |
J. P. Morgan
Chase & Co. |
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|
| Ticker Symbol: |
JPM - NYSE -
Financial Services |
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|
| Buy: |
21.00 to 22.00 |
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|
| Sell: |
35.00 + |
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|
| Info: |
J.P.
Morgan Chase & Co. (JPMorgan
Chase) is a financial holding
company with operations in over
50 countries. Its principal bank
subsidiaries are JPMorgan Chase
Bank in New York, and Chase
Manhattan Bank USA in Delaware.
JPMorgan Chase's principal non-bank
subsidiary is its investment
bank, J.P. Morgan Securities Inc.
JPMorgan Chase's activities are
internally organized into five
major business segments:
Investment Bank, Treasury &
Securities Services, Investment
Management & Private Banking,
JPMorgan Partners and Retail
& Middle Market Financial
Services. As of December 31, 2001,
the Company had $694 billion in
assets and $41 billion in
stockholders' equity. In November
2001, the Company merged its two
lead banks, The Chase Manhattan
Bank and Morgan Guaranty Trust
Company of New York. The name of
the merged bank is JPMorgan Chase
Bank. |
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|
| Financial Info: |
For the three
months ended 3/31/02, total
interest income fell 32% to $6.29
billion. Net interest income
after loan loss provision rose 10%
to $2.17 billion. Net income
before acct. change applicable to
Common fell 19% to $969 million. |
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|
| Key Ratios: |
Current
Ratio: N/A; Total Debt/Equity: 0.91,
P/E: 21.73x, Price/Book: 1.10,
Price/Sales: N/A; Cash On Hand: $22.6
billion |
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|
| Share Info: |
There are 1.99
billion shares outstanding with 1.97
billion shares in the trading
float. 2680 Institutions own
approximately 65.0 % of the
shares outstanding.
2 insiders buying 2,000 shares in
the last six months.
1 insider selling 8,000 shares in
the last six months.
As of 7/15/2002, there were 29.7
million shares short.
Net Institutional Buying: 41.9
million shares: prior to latest
quarter. |
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| Articles: |
Merrill
Banker Won't Testify About Enron |
|
