JPM History
What is the original address of JP Morgan HQ?
23 Wall Street
Name 3 different asset classes.
Equities, Fixed Income, Alternatives
The Fed rate is in a ____ cycle?
cutting cycle
Who is Team Lead of the Pasadena PB?
Katie Brody
What is the first thing we do in the morning?
Watch the Morning Meeting
Which POTUS's signature do we have saved in the JPM archives?
Lincoln
Name a reason why you would own Equities
Growth, Long-term time horizon, high risk-tolerance
What areas in equities is the most interest rate sensitive?
Non-essential sector
Who is the CEO of JP Morgan?
Jamie Dimon
How many years is the analyst program?
2
Name two companies that JPM has acquired/merged with in the past.
Bear Sterns, Washington Mutual, Chase Manhattan, Bank One, Chemical Bank, etc... and First Republic
What is the relationship between interest rates and bond prices?
Inverse. As interest rates rise, bond prices fall; visa versa.
How are mortgage rates likely to react to the Fed's actions?
Likely to fall.
Name all of the LA JP Morgan Private Bank Offices.
Pasadena, Century City, Westlake Village, South Bay
What are some common deliverables we prepare as an analyst or other processes?
Client Review, Wealth Plan Plus, Portfolio Insights, Account Opening, phone calls
John Pierpont Morgan was ticketed to sail on this ship before he fell ill and cancelled, avoiding a nautical disaster.
Titanic
What are two securities that you don't pay state income tax on?
Municipal bonds & treasuries
What has been happening to gold recently?
Rising
What are the four pillars of the Private Bank?
Banking, Investing, Lending, Planning
Name 2 types of our LA based partners that we work with.
Investors, Lenders, OCIO, Trust & Estate Professionals, Events Team, Recruiting Team, Service Team.
What is the relationship between JPM and Morgan Stanley?
J.P Morgan's grandson, Henry Morgan, founded Morgan Stanley in 1935.
What did S&P 500 stock close at yesterday?
$5929.04
What is the equilibrium mortgage rate?
5-6%
What is the market share of the Pasadena Private Bank?
0.6%
What FINRA exams do you need to pass to be an analyst?
SIE, Series 7, Series 66 (or Series 63 & 65)