Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  JPMorgan Chase       

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

JPMorgan Chase : Daniel Pinto Named Sole Chief Executive Officer of J.P. Morgan's Corporate & Investment Bank

share with twitter share with LinkedIn share with facebook
share via e-mail
03/25/2014 | 01:47pm CET
Mike Cavanagh Will Leave JPMorgan Chase to Join The Carlyle Group

New York, March 25, 2014 - JPMorgan Chase (NYSE:  JPM) announced today that Daniel Pinto, co-Chief Executive Officer of the company's Corporate & Investment Bank (CIB), will become sole CEO of the CIB, effective immediately.  Mike Cavanagh, co-CEO of the CIB, is leaving the company to become co-President and co-Chief Operating Officer of The Carlyle Group, a global alternative asset management company.

"I have worked with Mike Cavanagh for more than 20 years," said Jamie Dimon, Chairman and CEO of JPMorgan Chase.  "He's a highly talented executive and has been an integral part of our management team, as our CFO for six years and as co-CEO of the Corporate & Investment Bank.  He's also a special person and we wish him well in his choice to take on a new challenge. While we would prefer he stay at the firm, we are glad he's going to a valued client in Carlyle.  I know the whole Operating Committee joins me in thanking him for his years of service to our firm." 

Mr. Dimon added:  "I am pleased that we have someone as extraordinarily capable as Daniel Pinto to take over as sole CEO of the Corporate & Investment Bank.  Daniel is an exceptional manager of risk who understands markets as well as anyone I've ever met.  He is a true leader - his values, character and judgment are second to none.  He's proven he can lead in the toughest of times and will be a terrific CEO to build on the CIB's track record of success."

Mr. Cavanagh said:  "I have worked at JPMorgan Chase for almost my entire professional life, and it was not without a lot of soul searching that I decided it was time for me to take my career in a different direction.  I wouldn't have left for any company other than The Carlyle Group, a firm and a management team I have known for a long time.  While I am saddened to be leaving this remarkable firm, I am looking forward to a new chapter.  I wish all of my friends and colleagues at JPMorgan Chase the very best."  

Mr. Pinto said, "I am very honored to become CEO of the Corporate & Investment Bank.  It's truly a privilege to lead the talented team in CIB at a time when the business is performing exceptionally well.  We will all miss Mike - he's been a terrific partner and friend and key contributor to our success.  We will continue to work hard for that success, and, as we always have, to serve our clients with distinction."

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 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.www.jpmorganchase.com.


distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on JPMORGAN CHASE
03/23LLOYD BLANKFEIN : Goldman Sachs CEO Blankfein sees 9 percent pay hike in 2017
03/23Goldman Sachs CEO Blankfein sees 9 percent pay hike in 2017
03/23WeGeneration work, rest and play together in Adam Neumann's empire
03/23JP MORGAN CHASE & COMPANY : Today’s Research Reports on Trending Tickers: JP Mor..
03/23Largest U.S. Banks Extend Their Dominance in Deposits -- WSJ
03/23Biggest Three Banks Gobble Up $2.4 Trillion in New Deposits Since Crisis -- 2..
03/22Biggest Three Banks Gobble Up $2.4 Trillion in New Deposits Since Crisis -- U..
03/22KANSAS CITY SOUTHERN : KCS' Mike Upchurch to Address the J.P. Morgan 2018 Aviati..
03/22DowDuPont to Participate in J.P. Morgan Aviation, Transportation and Industri..
03/22JP MORGAN CHASE MPANY : Chase rarely lends to DC minorities - and it's likely le..
More news
News from SeekingAlpha
2017Market Failure - The Forgotten Source Of Crisis 
201745 $100+ Billion Companies In The S&P 500 
2017Tracking Glenn Greenberg's Brave Warrior Advisors Portfolio - Q2 2017 Update 
2017Picking Stocks Fantasy Football Style - Cramer's Mad Money (8/15/17) 
2017Foregone Conclusions Become Well-Known Facts 
Financials ($)
Sales 2018 109 B
EBIT 2018 45 199 M
Net income 2018 30 320 M
Debt 2018 -
Yield 2018 2,25%
P/E ratio 2018 12,44
P/E ratio 2019 11,35
Capi. / Sales 2018 3,50x
Capi. / Sales 2019 3,34x
Capitalization 381 B
Duration : Period :
JPMorgan Chase Technical Analysis Chart | 4-Traders
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 120 $
Spread / Average Target 8,9%
EPS Revisions
James Dimon Chairman & Chief Executive Officer
Gordon A. Smith Co-President & Co-Chief Operating Officer
Daniel E. Pinto Co-President & Co-Chief Operating Officer
Marianne Lake Chief Financial Officer & Executive Vice President
Lori A. Beer Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
JPMORGAN CHASE5.05%381 496
BANK OF AMERICA7.96%312 945
WELLS FARGO-9.69%258 671