JPMorgan bullish scenario: for NYSE:JPM by legacyFXofficial

The technical figure Channel Down can be found in the daily chart in the US company JPMorgan Chase & Co . ( JPM ). JPMorgan Chase & Co . is an American multinational investment bank and financial services holding company. As of 2022, JPMorgan Chase is the largest bank in the United States, the world’s largest bank by market capitalization, and the fifth largest bank in the world in terms of total assets, with total assets of US$3.954 trillion. Additionally, JPMorgan Chase is ranked 24th on the Fortune 500 list of the largest United States corporations by total revenue. The Channel Down has broken through the resistance line on 13/08/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 31 days towards 131.18 USD. Your stop-loss order, according to experts, should be placed at 106.09 USD if you decide to enter this position.

JPMorgan has wrapped up the acquisition of Global Shares, a fintech firm. The financial terms of the transaction, announced this March, haven’t been disclosed.

Ireland-based Global Shares, through its cloud-based platform, helps businesses manage employee stock plans. The firm, through its offices across Europe, the Middle East & Africa, North America and the Asia Pacific, has 650 corporate clients and roughly $200 billion in assets under administration.

Global Shares will be integrated into JPMorgan’s Asset & Wealth Management ( AWM ) segment. The firm will continue to be based out of its current location.

Now, with the addition of Global Shares, JPM will become of the major providers of state-of-the-art “employee ownership solutions to private and public companies” across the globe.

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