Hargreaves Lansdown (HL.)

Sector:

Financials

Index:

FTSE 100

863.60p
   
  • Change Today:
      0.20p
  • 52 Week High: 1,457.50
  • 52 Week Low: 740.80
  • Currency: UK Pounds
  • Shares Issued: 474.32m
  • Volume: 762,262
  • Market Cap: £4,096.22m
  • RiskGrade: 176

JP Morgan to roll out investing app with free trades

By Caoimhe Toman

Date: Tuesday 21 Aug 2018

LONDON (ShareCast) - (Sharecast News) - JP Morgan Chase will launch a new low-cost digital investing service next week via an app that will include free trades, a portfolio building tool and access to equity research.
The 'You Invest' app will be available to the bank's 47m mobile and online users and will grant 100 free stock or ETF trades for customers in their first year.

You Invest will become a powerful competitor in what is already an aggressive investing landscape.

JP Morgan Chase executives said the app will target people who have never invested before, such as millennials, as well as current bank customers who currently invest with other brokers.

CEO Jamie Dimon hinted at the project two years ago after being inspired by Amazon Prime and its range of free services.

According to CNBC Jed Laskowitz a JP Morgan veteran who runs You Invest said on the matter: "There are customers out there who may not want to trust their credentials or their money to an app of the month. We're thinking about what's right for our customers, helping them get invested, and stay invested and diversified."

Shares Ameritrade, Charles Schwab and E-Trade fell on the news, while in London Hargreaves Lansdown were hit even though JP Morgan's chief private banking operations in the UK are focused on high net worth individuals, and its JPMorgan Cazenove investment bank.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HL. Market Data

Currency UK Pounds
Share Price 863.60p
Change Today 0.20p
% Change 0.02 %
52 Week High 1,457.50
52 Week Low 740.80
Volume 762,262
Shares Issued 474.32m
Market Cap £4,096.22m
RiskGrade 176

HL. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.88% below the market average36.88% below the market average36.88% below the market average36.88% below the market average36.88% below the market average
64.52% below the sector average64.52% below the sector average64.52% below the sector average64.52% below the sector average64.52% below the sector average
Price Trend
28.37% below the market average28.37% below the market average28.37% below the market average28.37% below the market average28.37% below the market average
22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average
Income
34.80% above the market average34.80% above the market average34.80% above the market average34.80% above the market average34.80% above the market average
41.03% below the sector average41.03% below the sector average41.03% below the sector average41.03% below the sector average41.03% below the sector average
Growth
96.98% above the market average96.98% above the market average96.98% above the market average96.98% above the market average96.98% above the market average
96.67% above the sector average96.67% above the sector average96.67% above the sector average96.67% above the sector average96.67% above the sector average

What The Brokers Say

Strong Buy 7
Buy 1
Neutral 10
Sell 0
Strong Sell 3
Total 21
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HL. Dividends

  Latest Previous
  Final Interim
Ex-Div 22-Sep-22 03-Mar-22
Paid 24-Oct-22 01-Apr-22
Amount 27.44p 12.26p

Trades for 25-Nov-2022

Time Volume / Share Price
17:01 4,150 @ 852.09p
17:01 4,150 @ 852.26p
16:59 5,140 @ 855.89p
16:45 181 @ 859.00p
16:45 181 @ 859.00p

HL. Key Personnel

CEO Christopher Hill
CFO Amy Stirling

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