It is reporting season in the US and there is a significant amount of interest in the outlook for the financial services sector.
One of the businesses which is under scrutiny is banking group JP Morgan which has delivered a 12.6% return this year and trades on a price to earnings multiple of 12 times earnings and 2.9% dividend yield.
Anchor Capital fund manager David Gibb takes listeners through his investment thesis for the business:
Sale of Member's Interest and Claims on Loan Account Agreement with a Restraint of Trade (underlying asset is a business)
R800.00
Sale of Shares and Claims with a Restraint of Trade (undelying asset is a business)
R800.00
CPA-compliant Residential Lease (Natural Persons)
R900.00
CPA Compliant Residential Property Lease Pack Where the Landlord is a Juristic Person and Leesee is a natural person
R900.00
Generic Provision of Services Agreement- Receiver
R600.00
