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  >  JPMorgan Chase & Co.    JPM

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

JPMorgan Chase : buys Dublin building with room for 1,000 staff

share with twitter share with LinkedIn share with facebook
share via e-mail
1
05/15/2017 | 12:51pm CEST
JP Morgan Chase & Co. corporate headquarters in New York

JPMorgan Chase (>> JPMorgan Chase & Co.) has agreed to buy a Dublin building with room for 1,000 staff in the first sign of a financial services company expanding significantly in Ireland since the government began a major campaign to attract firms in the wake of Brexit.

JPMorgan Chase (>> JPMorgan Chase & Co.) has agreed to buy a Dublin building with room for 1,000 staff in the first sign of a financial services company expanding significantly in Ireland since the government began a major campaign to attract firms in the wake of Brexit.

The U.S. investment bank will acquire a 130,000 square foot (12,000 square meter) building at the Capital Dock development in Dublin's docklands, the building's developer Kennedy Wilson (>> Kennedy Wilson Europe Real Estate PLC) said in a statement.

The bank, which currently employs around 500 people in Dublin, did not say how many jobs would be created or whether any positions would be moved from the United Kingdom.

JPMorgan plans to hire a significant number of people in Dublin in its expanding custody and funds services businesses over the next three years, JPMorgan’s head of investor services James Kenny told the Financial Times at the weekend.

The bank has indicated it will use its existing European Union banks, in Dublin, Frankfurt and Luxembourg to anchor its European Union operations after Brexit.

"This new building gives us room to grow and some flexibility within the European Union," senior country officer for JP Morgan in Ireland Carin Bryans said in the statement.

Ireland has engaged on a major lobbying campaign during the past year to try to convince companies with large bases in the United Kingdom to consider moving some of their staff to Ireland to maintain access to the European Union's single market.

Hubertus Vaeth, the head of Frankfurt's campaign to promote the city to banks since Britain voted to leave the EU, told Reuters earlier this month he expected the five largest U.S. investment banks to move staff to more than one EU location with around 1,000 going to Frankfurt and possibly more to Dublin.

Rivalry between the different EU cities has become acrimonious at times, with Ireland complaining to the European Commission that it is being undercut by predatory behavior by other centers.

Ireland's financial services minister, Eoghan Murphy, said in a statement on Monday that JPMorgan's announcement was "a welcome vote of confidence in the strength of Ireland's offering and Dublin's status as a major financial center."

(Reporting by Conor Humphries, editing by Louise Heavens and Jane Merriman)

By Conor Humphries

share with twitter share with LinkedIn share with facebook
share via e-mail
1
Latest news on JPMORGAN CHASE & CO.
02:07a JPMORGAN CHASE : Chase to give $2.5M to Detroit groups who work with small busin..
05/22 JPMORGAN CHASE : Commits Over $2.5 Million to Small Business Growth in Detroit
05/22 Morgan Stanley shareholders approve executive compensation plan
05/22 JPMORGAN CHASE : Commits $17 Million to Create Skills-Based Summer Jobs for Youn..
05/21 EMC : Anatomy of a deal finessed to perfection
05/20 T-Mobile US, Inc. to Present at the J.P. Morgan 45th Annual Technology, Media..
05/19 JPMORGAN CHASE & CO. (NYSE : JPM) Files An 8-K Submission of Matters to a Vote o..
05/19 JPMORGAN CHASE & CO : Submission of Matters to a Vote of Security Holders (form ..
05/19 JPMORGAN CHASE : Former Chase Mortgage Originator Pleads Guilty
05/19 J.P. MORGAN ASSET MANAGEMENT : Launches Ultra-Short Income ETF
More news
Sector news : Banks - NEC
05/22DJCITIGROUP : Settles With Justice Department Over Money Laundering -- Update
05/22 CITIGROUP : U.S. Justice Dept., Citigroup settle probe into Banamex USA
05/22DJCITIGROUP : Settles With Justice Department Over Money Laundering
05/22DJCITIGROUP : to Tap Nasdaq for Blockchain Payment Technology
05/22DJOVERSEA CHINESE BANKING : OCBC Starts Private Banking Operations in Indonesia
More sector news : Banks - NEC
News from SeekingAlpha
05/22 The Silver Market Is Sending Very Strange Signals
05/21 Tracking Dan Loeb's Third Point Portfolio - Q1 2017 Update
05/19 FAVORITE BUY SIGNAL : This Bank CEO Just Bought 50,000 Shares
05/19 Tracking Glenn Greenberg's Brave Warrior Advisors Portfolio - Q1 2017 Update
05/19 MNUCHIN : No breaking up banks
Advertisement
Financials ($)
Sales 2017 102 397 M
EBIT 2017 43 765 M
Net income 2017 24 243 M
Debt 2017 -
Yield 2017 2,45%
P/E ratio 2017 12,66
P/E ratio 2018 11,10
Capi. / Sales 2017 2,94x
Capi. / Sales 2018 2,77x
Capitalization 301 207 M
More Financials
Chart JPMORGAN CHASE & CO.
Duration : Period :
JPMorgan Chase & Co. Technical Analysis Chart | JPM | US46625H1005 | 4-Traders
Full-screen chart
Technical analysis trends JPMORGAN CHASE & CO.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 93,3 $
Spread / Average Target 10%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
James Dimon Chairman & Chief Executive Officer
Matthew E. Zames Chief Operating Officer
Marianne Lake Chief Financial Officer & Executive Vice President
Dana S. Deasy Chief Information Officer
Lee R. Raymond Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
JPMORGAN CHASE & CO.-1.75%301 207
WELLS FARGO & CO-3.72%265 158
INDUSTRIAL AND COMMRCL..12.93%251 667
BANK OF AMERICA CORP4.30%229 391
CHINA CONSTRUCTION BAN..11.21%219 321
BANK OF CHINA LTD4.94%194 757
More Results