JPMorgan Chase forms Morgan Health to improve U.S. health care

  • JPMorgan Chase (JPM) ventures into healthcare again after its Haven venture with Amazon and Berkshire Hathaway disbanded early this year.
  • Morgan Health is a new business unit focused on improving the quality, efficiency, and equity of employer-sponsored health care, the company said in a statement.
  • The unit will invest up to $250M in health care solutions and overall system improvements that will benefit JPMorgan employees and the broader employer-sponsored healthcare systems.
  • Morgan Health and the JPMorgan Chase Benefits team will work with leading healthcare organizations to improve care for its U.S.-based employees and dependents, but will ultimately develop models for other employers seeking to improve health care.
  • The company also seeks to focus on health equity within the firm's employee base as well as within the communities it serves.
  • Dan Mendelson will be Morgan Health CEO; he is a former operating partner at Welsh, Carson, Anderson & Stowe, a health care and technology private equity firm, and founder and CEO of Avalere Health, a health care advisory firm.
  • JPMorgan, Amazon , and Berkshire formed Haven in 2018 in hopes of using their scale to improve the U.S. healthcare system, with in initial focus on tech solutions.

    For this year the company, based in New York City revenue will be around 121.39 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2020's revenue of 119.54 billion USD.

    Historical revenues and results JP Morgan Chase plus estimates 2020

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    The analysts expect for 2021 a net profit of 39.34 billion USD. According to most of the analysts the company will have a profit per share for this book year of 13.07 USD. Based on this the price/earnings-ratio is 12.51.

    For this year the analysts expect a dividend of 3.69 USD per share. The dividend yield is then 2.26 percent. The average dividend yield of the banks is an attractive 2.91 percent.

    Latest estimates around 175 USD

    The most recent recommendations for the bank are from KBC Securities, Barclays and Credit Suisse .

    Based on the current number of shares JP Morgan Chase 's market capitalization equals 504.36 billion USD. The JP Morgan Chase stock was the past 12 months quite unstable. Since last May the stock is even 89 percent higher. This year the stock price moved between 91 and 166 dollar.

    Historical stock prices JP Morgan Chase

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    On Monday, the stock closed at 163.54 USD.

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