Two Financial Stocks Are Just So Hot Right Now: JPMorgan Chase & Co. (JPM), Visa Inc. (V)
JPMorgan Chase & Co. (JPM) ended last trading session with a change of 0.09 percent. It trades at an average volume of 15.55M shares versus 10M shares recorded at the end of last trading session. The share price of $91.36 is at a distance of 63.46 percent from its 52-week low and down -2.79 percent versus its peak. The company has a market cap of $327.37B and currently has 3.58B shares outstanding. The share price is currently 0.59 percent versus its SMA20, 4.08 percent versus its SMA50, and 24.8 percent versus its SMA200. The stock has a weekly performance of -0.61 percent and is 6.46 percent year-to-date as of the recent close.
On March 11, 2017 JPMorgan Chase & Co. (JPM) has agreed to acquire MCX’s payments technology to help expand Chase Pay, the mobile and digital wallet for Chase customers. MCX, a network of America’s largest merchants, was the premier launch partner for Chase Pay in October 2015. The transaction is expected to close in the coming weeks.
MCX’s members were already connected to MCX payments technology, which made it seamless to connect to Chase Pay. Chase executives wanted to acquire the technology to use in lieu of building separate parallel technology to serve non-MCX members.
Visa Inc. (V) recently recorded 0.42 percent change and currently at $90.11 is 28.49 percent away from its 52-week low and down 0.28 percent versus its peak. It has a past 5-day performance of 1.32 percent and trades at an average volume of 8.79M shares. The stock has a 1-month performance of 5.49 percent and is 15.72 percent year-to-date as of the recent close. There were about 2.3B shares outstanding which made its market cap $207.68B. The share price is currently 2.31 percent versus its SMA20, 6.66 percent versus its SMA50, and 11.51 percent versus its SMA200.
On March 13, 2017 Visa Inc. (V) and StubHub announced they are enhancing their partnership to offer a variety of experiences that put fans at the center of the action. Starting in Austin – and everywhere – the two brands are unveiling a series of events, promotions and offers designed to help fans everywhere snag the hottest tickets in town.
In 2017, Visa and StubHub plan to introduce fans to benefits such as seat upgrades when consumers use Visa Checkout to pay for tickets on StubHub. In April 2017, fans will once again receive a significant discount off their StubHub purchase when they pay using Visa Checkout, repeating a popular offer the two brands first ran during the holiday season last year.