Adding J. P. Morgan Securities to Bank-Owned Broker-Dealer Modeling

"The world is changing, and we recognize that a synergistic combination might be in the best interest of shareholders..." - James E. Cayne Alphacution has modeled the bank-owned broker-dealer operations for the following: Goldman Sachs & Co. Morgan Stanley & Co. Deutsche Bank Securities, Inc. UBS Securities, LLC Credit Suisse Securities (USA), LLC We now add J. P. Morgan Securities, LLC - formerly known as Bear Stearns & Co... Here's a brief summary of what that analysis shows, so far: Relative to the other five bank-owned broker dealers in our sample to date, J. P Morgan Securities ranks as the largest by total assets, as of year-end 2018: Relative to the other five bank-owned broker dealers in our sample to date, J. P Morgan Securities also ranks as the largest by a measure of gross cash equities - as in, equity securities owned plus equity securities sold, but not yet purchased - as of year-end 2018: Relative to the other five bank-owned broker dealers in our sample to date, J. [...]