Regulatory filings by Plus500 reveal the total number of its shares held by JPMorgan Chase & Co has been increased to 7,824,770 from 4,460,412 purchased in March, valued at nearly £55M using yesterday's close.
According to the latest regulatory filings, interest in online retail Forex broker has been further increased with JPMorgan Chase & Co (JPM) adding 3,184,358 shares to its holdings of online Forex broker Plus500 - which is listed on the London Stock Exchange under ticker symbol PLUS.
This share purchase brings JPM's total to 7,824,770 shares or 6.81% of the Plus500 (and of voting rights it now commands). The company's share price has been on a very bullish path, with a new record-high reached yesterday at 707 pence (or £7.07 GBP), following the above mentioned regulatory filings dated April 10th, and the transaction having been made between the 8th and 9th of this month.
Looking at the banks latest annual report from 2013 we can see the interest that had been mentioned in electronic FX trading, when Daniel Pinto, CEO of Corporate & Investment Banking (CIB) at JPMorgan said, "We’ve seen significantly greater e-trading volume in both foreign exchange and equities since 2011, and we were the top-ranked bank by volume in U.S. Treasuries trading on electronic interdealer platforms in 2013."
JPM Q1 Results Conference Call Hours Away
Shares of JPM on the NYSE traded down 3.16% around time that news surfaced an employee named Blythe Master who has been with the bank for 27 years is under investigation by the FBI in a matter related to potential Energy Markets manipulation that the bank had settled up with regulators last year. He is expected to leave the company in the coming months ahead of the planned sale of JP Morgan's physical commodities business to Mercuria for $3.5 billion, according to reports today by Reuters related to that probe. At 8:30 AM EST today JPMorgan will hold its first quarter 2014 financial results conference call.
Public online broker IG - a trading name of IG Markets Limited -Chief Market Strategist Brenda Kelly had this to say about the today's call, “JPMorgan Chase will release first-quarter results on Friday at midday and hope to build on that January performance. The intention to pay a dividend of $1.60 per share, providing a yield to 2.7% and a premium over and above that of the broader market should sit well with investors. Earnings per share (EPS) of $1.37 are now expected, with revenue of $24.48 billion and adjusted net income of $5.44 billion. Any beating of the expectations could well see the stock in demand and see the price head northwards through the $61.80 mark.”
In addition, as a large number of public company's in the US are set to release Q1 earnings, IG today announced extended trading hours for a number of its single-stock CFDs. Mrs. Kelly commented,“this is a busy time for traders with the US reporting season upon us. Most in focus will be the banking and technology sector. Investors have fretted over the turmoil in emerging markets, the crisis in Ukraine and of course the reduction in Federal Reserve stimulus. The US banks will clearly have seen some issues arising from the decline in emerging economies and the decline in capital markets and trade volumes may well affect revenues.
Forex Magnates also just published its Quarterly Industry Report (QIR) for the first quarter of 2014, which detailed research about Forex brokers going public, such as reviewing the costs of becoming a publicly traded company with the trend of FX firms launching IPOs as well as other relevant information tied to current and future developments. This report is available for purchase on ForexMagnates.com.
Plus500 Shares Just Off Record High From Yesterday
Today, shares of Plus500 are slightly off yesterday's all time record, but unless a ceiling has been reached, a higher-high could follow especially as due diligence that must have been vetted by JPMorgan Chase & Co as part of its investment into the company could be indicative of wise money to follow - although knowing an investor's time horizon is also important, yet in this case it didn't stop them from buying near the new record-high, apparently. Thus while traders may look to buy low and sell high- as the cliche term implies, that opposite view expects a reversal will occur, whereas buying near a new high could precede a trend continuation -and more common for trend-followers.
According to the latest regulatory filings, interest in online retail Forex broker has been further increased with JPMorgan Chase & Co (JPM) adding 3,184,358 shares to its holdings of online Forex broker Plus500 - which is listed on the London Stock Exchange under ticker symbol PLUS.
This share purchase brings JPM's total to 7,824,770 shares or 6.81% of the Plus500 (and of voting rights it now commands). The company's share price has been on a very bullish path, with a new record-high reached yesterday at 707 pence (or £7.07 GBP), following the above mentioned regulatory filings dated April 10th, and the transaction having been made between the 8th and 9th of this month.
Looking at the banks latest annual report from 2013 we can see the interest that had been mentioned in electronic FX trading, when Daniel Pinto, CEO of Corporate & Investment Banking (CIB) at JPMorgan said, "We’ve seen significantly greater e-trading volume in both foreign exchange and equities since 2011, and we were the top-ranked bank by volume in U.S. Treasuries trading on electronic interdealer platforms in 2013."
JPM Q1 Results Conference Call Hours Away
Shares of JPM on the NYSE traded down 3.16% around time that news surfaced an employee named Blythe Master who has been with the bank for 27 years is under investigation by the FBI in a matter related to potential Energy Markets manipulation that the bank had settled up with regulators last year. He is expected to leave the company in the coming months ahead of the planned sale of JP Morgan's physical commodities business to Mercuria for $3.5 billion, according to reports today by Reuters related to that probe. At 8:30 AM EST today JPMorgan will hold its first quarter 2014 financial results conference call.
Public online broker IG - a trading name of IG Markets Limited -Chief Market Strategist Brenda Kelly had this to say about the today's call, “JPMorgan Chase will release first-quarter results on Friday at midday and hope to build on that January performance. The intention to pay a dividend of $1.60 per share, providing a yield to 2.7% and a premium over and above that of the broader market should sit well with investors. Earnings per share (EPS) of $1.37 are now expected, with revenue of $24.48 billion and adjusted net income of $5.44 billion. Any beating of the expectations could well see the stock in demand and see the price head northwards through the $61.80 mark.”
In addition, as a large number of public company's in the US are set to release Q1 earnings, IG today announced extended trading hours for a number of its single-stock CFDs. Mrs. Kelly commented,“this is a busy time for traders with the US reporting season upon us. Most in focus will be the banking and technology sector. Investors have fretted over the turmoil in emerging markets, the crisis in Ukraine and of course the reduction in Federal Reserve stimulus. The US banks will clearly have seen some issues arising from the decline in emerging economies and the decline in capital markets and trade volumes may well affect revenues.
Forex Magnates also just published its Quarterly Industry Report (QIR) for the first quarter of 2014, which detailed research about Forex brokers going public, such as reviewing the costs of becoming a publicly traded company with the trend of FX firms launching IPOs as well as other relevant information tied to current and future developments. This report is available for purchase on ForexMagnates.com.
Plus500 Shares Just Off Record High From Yesterday
Today, shares of Plus500 are slightly off yesterday's all time record, but unless a ceiling has been reached, a higher-high could follow especially as due diligence that must have been vetted by JPMorgan Chase & Co as part of its investment into the company could be indicative of wise money to follow - although knowing an investor's time horizon is also important, yet in this case it didn't stop them from buying near the new record-high, apparently. Thus while traders may look to buy low and sell high- as the cliche term implies, that opposite view expects a reversal will occur, whereas buying near a new high could precede a trend continuation -and more common for trend-followers.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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