Daily News: August 26, 2013

Bloomberg: KBW Says JPMorgan Worth 30% More if Broken Up

Bloomberg reported that JPMorgan Chase would be worth 30% more if broken into its four business segments, according to an analyst at Stifel Financial’s KBW group.

The article noted that JPMorgan’s businesses (traditional banking, investment banking, asset management and private equity) are separately worth $255.7 billion, citing KBW’s Christopher Mutascio, compared to its $197 billion market capitalization as of its 8/29 closing price.

To read the full Bloomberg article click here.