J.P. Morgan Private Bank
Definition of Private Banking
What is personalized financial services for HNW-UHNW individuals?
The CEO of Asset and Wealth Management
Who is Mary Erdoes?
This type of market structure is characterized by a single seller, a unique product, and high barriers to entry
What is a monopoly?
Issues and backs the safety of Treasuries
What is the full faith and credit of the U.S. Government?
EBITDA
What is Earnings Before Interest, Taxes, Depreciation, and Amortization?
The minimum amount of investable assets for an individual to be a client of the Private Bank
What is $5MM?
The four lines of business
What Asset & Wealth Management, Commercial Banking, Consumer & Community Banking, Corporate & Investment Banking
CPI is a well-known indicator of
What is inflation (change in consumer prices)?
U.S. Stock Market hours (MST)
What is 7:30AM - 2:00PM?
HELOC
What is Home Equity Line of Credit?
Four pillars of the Private Bank
What is Banking, Lending, Investments and Planning?
The J.P. in J.P. Morgan Chase
What is John Pierpont?
A sustained period of weak or negative growth in real GDP accompanied by an increase in unemployment
What is recession?
2 of 3 rating agencies on Wall St.
What is Standard & Poor's, Moody's and Fitch?
DAF
What is Donor Advised Fund?
The CEO of the Private Bank
Who is David (Dave) Frame?
Line of business that is the largest contributor to J.P. Morgan Chase's source of revenue
What is Consumer & Community Banking?
Four stages of the economic cycle
What are expansion, peak, contraction and trough?
This regulatory body in the United States is responsible for enforcing federal securities laws and regulating the securities industry, the nation's stock and options exchanges.
What is the Securities and Exchange Commission (SEC)?
PLC
What is Portfolio Line of Credit?
Difference between Single Coverage and Partner Coverage model
What is $5-25MM investable assets for Single Coverage (banker acts as investor and advisor) and $25MM+ investable assets for Partner Coverage (banker partners with investor)?
The Stock Price of $JPM at the start of 2024
What is $172.08?
This economic concept, introduced by David Ricardo, suggests that countries should specialize in producing goods where they have a lower opportunity cost, leading to increased global efficiency
What is comparative advantage?
The Mag 7 (Companies)
What is Apple, Microsoft, Google, Amazon, Nvidia, Meta, and Tesla?
UTMA
What is Uniform Transfers to Minors Act?