Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  JP Morgan Chase & Company    JPM

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

JPMorgan Chase & Co. : Global Cities Initiative Launches in Los Angeles

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/21/2012 | 04:55pm CEST

Brookings, JPMorgan Chase Partner to Help Metro Areas Create Jobs by Expanding Global Business Opportunities

The Brookings Institution Metropolitan Policy Program and JPMorgan Chase today kicked off the Global Cities Initiative, a $10 million, five-year project aimed at helping leaders in metropolitan areas across the nation create more and better jobs and reorient their economies towards greater engagement in world markets.

The new project, chaired by Richard M. Daley, former Mayor of Chicago and senior advisor to JPMorgan Chase, launched at an event in Los Angeles hosted by the University of Southern California which was attended by representatives from business, philanthropy, and local, state, national and foreign governments.

"Going Global: Boosting the Economic Future of Greater Los Angeles" is the first of a series of forums that will move to Columbus, Ohio; Miami, Florida; and Sao Paulo, Brazil this year. On March 22, the San Diego Regional Chamber of Commerce, CONNECT and the San Diego Regional Economic Development Corporation will host a Global Cities Initiative roundtable discussion in San Diego on how to grow the regional economy through international economic opportunities.

During the forum, Los Angeles Mayor Antonio Villaraigosa unveiled a regional export plan whose purpose is to strengthen the global business identity for the Los Angeles region and expand local business opportunities with overseas markets. The export plan was developed as part of the Brookings-Rockefeller Project on State and Metropolitan Innovation.

"The moment is ripe for our country to abandon its old patterns and habits and compete in a different environment," stated Peter Scher, Head of Corporate Responsibility for JPMorgan Chase. "As public resources for economic development and job growth diminish, we believe that we have a responsibility to do our part to help position U.S. cities to deal with the opportunities and challenges that come with increasing globalization, urbanization and the rapid growth of emerging market nations."

The Global Cities Initiative combines Brookings' deep expertise in fact-based, metro-focused research and JPMorgan Chase's longstanding commitment to investing in cities. The aim of the initiative is to equip metropolitan leaders with tools to expand the global reach of their local economies by leveraging their assets and focusing on key indicators such as advanced manufacturing, exports, foreign direct investment, and immigration. Ultimately, the Global Cities Initiative will create an international network of leaders from global cities who are intent upon deepening global trade relationships and collaborating to compete more effectively.

The Global Cities Initiative is built on the concept that the global economy is a network of metropolitan economies, which are home to most of the world's population, production, finance, and sources of innovation.

"The Global Cities Initiative will accelerate metro efforts to grow jobs and retool economies," said Bruce Katz, vice president and co-director of the Metropolitan Policy Program and Global Cities Initiative. "The civic, business, political, university and philanthropy leaders in many cities and metro areas are working collaboratively to make global competition, production and innovation the drivers of their economies, not debt and excessive consumption. These efforts are beginning to take hold across the country."

"Cities and metropolitan regions are the drivers of the U.S. economy, and if our nation is to succeed, cities need to be better-positioned for innovation and growth. During my two decades as Mayor of Chicago, collaboration was crucial to our city and our region's growth and success," stated former Chicago Mayor Richard M. Daley. "Greater Los Angeles is an example of a city and region already working to improve its economy by expanding its global reach. The Global Cities Initiative will give local and regional leaders across the U.S. the tools to maximize the opportunities offered by the new global economy."

"Our region is a natural choice for the inaugural event of the Global Cities Initiative," stated Robert M. Hertzberg, Partner at Mayer Brown, former Speaker of the California State Assembly, and 2012 Chair of the Los Angeles County Economic Development Corporation. "Los Angeles County is positioned well to be a global leader. Our manufacturing sector is driving export growth and job creation here. We are the number one exporter in the country, and serve as the nation's gateway to foreign direct investment from vitally important trading partners in the 21st Century global economy. Founded on creativity and innovation, our region has the core leadership to make the Greater Los Angeles region a driving force in global commerce."

Speakers at the forum included Mickey Kantor, Former Secretary of Commerce and U.S. Trade Representative; Chan Heng Chee, Ambassador of Singapore to the United States; David Carden, Ambassador, U.S. Mission to ASEAN; Minister Counselor Zhang Shaogang, Embassy of the People's Republic of China; and Peter Barker, Chairman of California, JPMorgan Chase.

The Metropolitan Policy Program at Brookings provides decision-makers with cutting-edge research and policy ideas for improving the health and prosperity of metropolitan areas, including their component cities, suburbs, and rural areas. To learn more, please visit: www.brookings.edu/metro. Follow us on Twitter at www.twitter.com/brookingsmetro.

JPMorgan Chase JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

For more information, please visit http://www.brookings.edu/projects/global-cities.aspx and http://www.jpmorganchase.com/globalcities.

Follow the conversation at #GlobalCities.
Watch for live tweeting from @BrookingsMetro and @ChaseNews.

Brookings
John Fairbanks, 202-725-3816
jfairbanks@brookings.edu
or
JPMorgan Chase
Gary Kishner, 818-775-3670
gary.kishner@jpmchase.com


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on JP MORGAN CHASE & COMPANY
10:46a JP MORGAN CHASE MPANY : JPMorgan Chase to Present at the Barclays Global Financi..
07/23 'TWO DETROITS' : Even far from downtown, contrasts abound in city neighborhoods
07/22 POLL : Wall Street's image campaign still isn't working
07/21DJJP MORGAN CHASE MPANY : U.S. Drops Case Against 'London Whale' Traders -- Update
07/21 JP MORGAN CHASE MPANY : Acting U.S. Attorney Announces Filing Of Motion To Dismi..
07/21DJJP MORGAN CHASE MPANY : U.S. Drops Case Against 'London Whale' Traders
07/21 JP MORGAN CHASE MPANY : US seeks dismissal of charges in 'London Whale' case
07/21 JP MORGAN CHASE MPANY : JPMorgan Chase to Present at the Barclays Global Financi..
07/21 JP MORGAN CHASE MPANY : Palace welcomes JP Morgan's outlook on PH economy
07/20 JP MORGAN CHASE MPANY : JPMorgan Chase Financial Company LLC Declares Quarterly ..
More news
News from SeekingAlpha
07/23 Tracking Ken Fisher'S Fisher Asset Management Portfolio - Q2 2017 Update
07/23 Interest Rate Lift Off
07/22 Our Sick Money Markets. The Myth Of LIBOR
07/21 JPMorgan Remains Extended
07/21 THE FUTURE OF COMMERCIAL BANKING AND : Where Are They Going
Financials ($)
Sales 2017 102 048 M
EBIT 2017 41 530 M
Net income 2017 24 383 M
Debt 2017 -
Yield 2017 2,33%
P/E ratio 2017 13,38
P/E ratio 2018 11,92
Capi. / Sales 2017 3,16x
Capi. / Sales 2018 3,00x
Capitalization 322 914 M
Chart JP MORGAN CHASE & COMPANY
Duration : Period :
JP Morgan Chase & Company Technical Analysis Chart | JPM | US46625H1005 | 4-Traders
Technical analysis trends JP MORGAN CHASE & COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 94,9 $
Spread / Average Target 4,4%
EPS Revisions
Managers
NameTitle
James Dimon Chairman & Chief Executive Officer
Marianne Lake Chief Financial Officer & Executive Vice President
Dana S. Deasy Chief Information Officer
Lee R. Raymond Lead Independent Director
James Schine Crown Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
JP MORGAN CHASE & COMPANY5.33%322 914
INDUSTRIAL AND COMMRCL BANK OF CHINA LTD20.86%271 869
WELLS FARGO-1.71%270 705
BANK OF AMERICA7.69%236 855
CHINA CONSTRUCTION BANK CORPORATION18.57%219 795
BANK OF CHINA LTD9.88%200 228