Tuesday, April 19, 2011

J.P. Morgan Chase & Co. (NYSE:JPM) South America Expansion

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J.P. Morgan Chase & Co. (NYSE:JPM) has decided to double its employee numbers in Brazil. J.P. Morgan Chase & Co. (NYSE:JPM) South America Expansion In order to meet growing demand in the country, the US based banking giant J.P. Morgan Chase & Co. (NYSE:JPM) is planning to add about 150 more new employees over the next year. It is aiming to increase its employee numbers to 1,200 personnel in the next few years. Claudio Berquo, J.P. Morgan Chase & Co. (NYSE:JPM) Bank's chief executive in Brazil said, "the company will focus on five of the country’s major cities, which will give it “a footprint that covers 80 percent of the gross domestic product of Brazil. The bank has grown six-fold in the past 14 months to 630 people and will add an additional 150 over the next year." JP Morgan Chase & Co. (NYSE:JPM) stocks are currently standing at 44.89. Price History Last Price: 44.89 52 Week Low / High: 35.16 / 48.36 50 Day Moving Average: 46.02 6 Month Price Change %: 20.8% 12 Month Price Change %: -6.1%



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