JPMorgan Worth More if Broken Up and 2 Other Dow Movers to Watch

JPMorgan Chase & Co. (NYSE:JPM): Current price $52.18

This might not be what Jamie Dimon wants to hear, but the analyst Christopher Mutascio at Stifel Financial Corp.’s KBW division wrote in a note on Friday that the number-one United States bank by assets would be worth 30 percent more if it were broken into its four business segments.

JPMorgan’s divisions, traditional banking, investment banking, asset management, and private equity are together worth $255.7 billion, said Mutascio. This compares with the lender’s $197-billion market capitalization as of Thursday’s close. The analyst acknowledged that the probability of breaking up JPMorgan is “quite low” and it “could potentially result in substantial upside for current shareholders if the segments were valued like similar companies.”


Wal-Mart Stores Inc. (NYSE:WMT): Current price $73.23

Wal-Mart was among the close to 500 suppliers and 1500 government officials who came forward at the United States Manufacturing Summit to talk about opportunities to boost manufacturing and employment opportunities in the country. All told, it is anticipated that they will invest over $70 million for factory growth and the creation of more than 1,000 domestic jobs.

Governors and state officials also had the chance to communicate with local manufacturers who are want to create jobs in their communities. The suppliers also had an opportunity to discuss potential projects and learn about resources available in different states.


Procter & Gamble Co. (NYSE:PG): Current price $79.69

According to a filing with the Securities and Exchange Commission, Proctor & Gamble gave its former Chief Executive Bob McDonald a pay package worth $15.9 million during his last full year at the consumer products maker, marking a 5 percent rise from the previous year. McDonald’s stepping down was announced abruptly in May with the firm facing pressure to improve its results. He was replaced by his predecessor A.G. Lafley, who was awarded a prorated pay package of $2 million for the five weeks he served at the end of the fiscal year.

McDonald’s pay boost resulted from a higher cash-based bonus of $3.3 million, which rose by 36 percent from the previous year. His base salary of $1.6 million and stock awards of $6.4 million did now change from the previous year and his stock options were valued at $4.2 million, representing a 4 percent dip. McDonand’s other compensation rose by 7 percent to $332,877 million, including the value of use of the corporate jet and retirement fund contributions.


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