#JPMorgan November 27
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Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on JP MORGAN.
J.P. Morgan traces its origins to the late 19th century, with the establishment of the New York-based Drexel, Morgan & Co. in 1871, a partnership between J. Pierpont Morgan and Anthony Drexel. It grew in prominence due to its ability to finance major industrial ventures like railroads and steel, and orchestrating mergers such as the formation of U.S. Steel in 1901.
JPMorgan did not go public until 1940, when it debuted on the New York Stock Exchange.Â
Dow Jones 30-Day Challenge Guidelines
Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines
- Each day in November 2024 write about the history or a company that makes up the Dow Jones.
- Share at least one fact about that company.
- If so inclined use the hash tag #Coach4adayChallenge on social media platforms
November 27th-JP Morgan
In May 1991, JPMorgan was officially added to the Dow Jones Industrial Average (DJIA) alongside Caterpillar Inc (NYSE: CAT) and the Walt Disney Company (NYSE: DIS). The stock price in 1991 was around $3.00 a share. On November 22, 2024 it closed at $248.55.
As far as stocks go JP Morgan has not had many stock splits in the 84 years it has been traded publicly. JPM has had 4 stock splits since 1982. One $3.00 share of the stock in 1991would equal 3.5 shares at roughly $250.00 per share. That $3.00 dollars would be worth $875.00 today.
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