Northern, WI 06/21/2013 (usastockreport) – The share prices of JPMorgan Chase & Co. (NYSE:JPM) had surged by 2.00 percent to close at $52.48 per share for the end of last trading session on Thursday. The shares of the company had been trading in the range of $52.27 to $53.18 per during the day, which had pushed the company to hit new peaks. The shares of JPMorgan Chase & Co. (NYSE:JPM) had a market capitalization of $198.40 billion. The stock opened at $53.08 per share.
JPMorgan Chase & Co. (NYSE:JPM) had participated in raising the financing, acting as joint lead arranger and co-book runner. JPMorgan Chase & Co said its private equity unit, One Equity Partners, will become independent, as the bank increases its focus on client businesses. One Equity Partners, which manages $4.5 billion of investments, will raise its next investment fund externally rather than from JPMorgan, becoming similar to stand-alone private equity firms that pool funds from a variety of investors.
JPMorgan Chase & Co. (NYSE:JPM) is a financial holding company. The Company is a global financial services firm and a banking institution in the United States, with global operations. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. JPMorgan Chase’s principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national bank with the United States branches in 23 states, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national bank that is the Company’s credit card-issuing bank. JPMorgan Chase’s non-bank subsidiary is J.P. Morgan Securities LLC (JPMorgan Securities), the Company’s the United States investment banking firm. In June 2012, the Company’s asset management business created a new unit. The company had an institutional investor’s shareholdings as 74 percent. JPMorgan Chase & Co. (NYSE:JPM) had an average volume of 31.87 million.