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  More than 100 US Dollars: JPMorgan shares on record – Sector reuplaps spilling over News | Bit Updates
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More than 100 US Dollars: JPMorgan shares on record – Sector reuplaps spilling over News

Tuesday, October 24th, 2017 | bitcoin updates

A plus of 1.71 percent at JPMorgan ChaseCo ensured that the shares of the banking house listed in the Dow Jones 30 Industrial were worth more than 100 US dollars for the first time in their history. This markedly contributed to the fact that the US leading index rose by almost 1 percent and recorded a new record. Goldman Sachs also reported an increase of about 1.5 percent to the Dow winners. Prior to the financial crisis in 2007, JPMorgan's papers had still cost about $ 50. Meanwhile, the value has doubled. This means that the shares of other banks are clearly outperforming: While Goldman Sachs is at roughly the same level as before, the image at Citigroup or Deutsche Bank is dull: those who started there in May 2007 still have nearly 90 percent The difference between the development of JPMorgan and the Deutsche Bank, which had always taken the US house as one of its mast at its time of bloom, is also clear when looking at the value of Brünn. While JPMorgan is currently valued at around $ 356 billion (about € 302 billion), it is almost nine times more valuable than Deutsche Bank. Ten years ago, the US bank was only two and a half times as high. The US values ​​followed on Tuesday the firm trend for financials in Europe, which had benefited from consolidation fancy. The occasion of the Bankrally – especially among German bank issuers – was a report by the "Financial Times", according to which Commerzbank could discuss with consultants possible scenarios for the alleged interest of other financial investors. The Commerzbank shares were then attracted by more than 6 percent in Frankfurt./tih/zb———————–dpa-AFX Broker – the Trader News from dpa-AFX ———————–
NEW YORK (dpa-AFX Broker) Source: Gil C / Shutterstock.com, TK Kurikawa / Shutterstock.com

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