ADVFN - Advanced Financial Network.
HOME» NYSE » J » JPM Stock Price » JPM Stock News

Jp Morgan Chase Share News

 Jpmorgan Chase & Co. Stock Price
JPM Stock Price
 Jpmorgan Chase & Co. Stock Chart
JPM Stock Chart
 Jpmorgan Chase & Co. Stock News
JPM Stock News
 Jpmorgan Chase & Co. Company Information
JPM Company Information
 Jpmorgan Chase & Co. Stock Trades
JPM Stock Trades

JP Morgan Agrees To Sell Metal Concentrates Unit To Freepoint

DOW JONES NEWSWIRES Connecticut-based futures firm Freepoint Commodities LLC agreed to acquire part of JP Morgan Chase & Co.'s (JPM) metal-trading business for an undisclosed sum, giving it another piece of the sprawling trading outfit once run by Royal Bank of Scotland PLC (RBS) and Sempra Energy (SRE). Freepoint said the unit, which trades physical base metal concentrates and copper cathodes, will be renamed Freepoint Metals & Concentrates LLC on the deal's closing. Its employees in Stamford, Conn., and Asia will join Freepoint's growing commodities staff, which also trades coal, oil and oil products as well as North American natural gas and electricity futures. The concentrates unit is among the business lines that JP Morgan acquired in 2010 from RBS and Sempra. JP Morgan paid about $1.7 billion for the European and Asian parts of their energy-trading joint venture. Freepoint was formed in February 2011 after the joint venture's founders left to form their own commodity trading business, starting with money from private-equity firm Stone Point Capital LLC. "We are a talent-focused company and the business we are acquiring has one of the deepest, most experienced teams in the industry," Freepoint Chief Executive David A. Messer said Wednesday. "We know this from personal experience: most of those joining us are our former colleagues and we're extremely happy to have them on the Freepoint team." J.P. Morgan Securities acted as the exclusive financial adviser to its concentrates unit in the deal. Shares of the bank were recently up 6 cents at $43.34 Wednesday, in line with the broader market. The stock has climbed 15% over the past three months. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Jp Morgan Chase (JPM)
DateTimeHeadline
12/17/201411:11:54OnDeck Capital Surges Above $20 IPO Price
12/16/201420:03:20Earnings Outlook Poor for Banks as Jefferies Swings to Loss...
12/16/201418:56:11Earnings Outlook Poor for Banks as Jefferies Swings to Loss...
12/15/201422:24:13Office-Sharing Startup WeWork Wins $5 Billion Valuation
12/15/201413:18:24Qatar Fund Buys HSBC's London HQ
12/15/201413:16:04Qatar Fund Buys HSBC's London HQ -- Update
12/15/201413:11:21Qatar Fund Buys HSBC's London Headquarters
12/14/201420:54:35Junk-Bond Worries Spread Beyond Oil
12/12/201400:05:45Finra Fines 10 Banks Over Their Pursuit of an IPO's Business...
12/11/201417:40:17Finra Fines 10 Banks Over Their Pursuit of an IPO's Business...
12/11/201414:00:33Correction to J.P. Morgan Manager Joins Bitcoin Startup Article
12/11/201412:15:33Finra Fines 10 Firms Over Coverage Of Toys 'R' Us IPO -- 3rd...
12/11/201411:58:30Finra Fines 10 Firms Over Coverage Of Toys 'R' Us IPO -- 2nd...
12/11/201411:38:50FINRA Fines 10 Firms Over Coverage Of Toys"R"Us IPO -- Update
12/11/201410:58:23Lululemon Posts Better-Than-Expected Profit -- 2nd Update
12/11/201403:44:16Fiat Chrysler Prices Offering at $11 a Share -- Update
12/11/201400:31:42Former J.P. Morgan Manager Joins Bitcoin Startup
12/10/201420:25:12Spending Bill Is Packed With Perks
12/10/201419:01:21Firms Unveil Plans to Sell Shares in IPO-Backed Companies
12/10/201413:00:52J.P. Morgan Chase Capital Ratio Could Reach 11.5%, CFO Says...

Jp Morgan Chase and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad