JPMORGAN reinforces its services for energy companies

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By Jack Ferson

He Energy sector It has always been a key, even more so with energy needs that will require advances in the Artificial Intelligence. Therefore, JPMorgan ChaseHe has reinforced his Investment Banking Services for Energy Companies With the hiretion of two new bankers to focus on the coverage of medium market customers in the sector according to David French in Yahoo Finance.

The bank is creating a new vertical within its Medium Investment Banking Unit Capitalization to cover natural resources, with the incorporation of Matt Barrett To support and strengthen relations with companies that offer services and equipment in the energy sector, according to memorandum.

Brad Epstein has been hired to be part of the team of Investment Bank in Natural Resources from JPMorgan, with the aim of providing services to companies from the sectors midstream y downstream.

A JPMorgan spokesman confirmed the content of the memorandum, sent by the global investment banking of the Natural Resources Group, Jonathan Cox, Jen Dooly and James Janoskey, and John Richert, director of medium -sized investment banking of the bank.

Both Barrett and Epstein will have their headquarters in Houston and will be incorporated into the bank as general directors.

Barrett previously worked at TPHthe Specialized Energy Investment Bank Division of the Boutique Consultant Perella Weinberg Partnersand also developed part of his career in the private capital firm White Deer Energy.

Before joining JPMorgan, Epstein worked 13 years in the investment bank in energy of Citigroupworking with companies of Midstream, Downstream and Refining, as well as with renewable fuels. He also worked at UBS y Citadelaccording to the memorandum.

JPMorgan ChaseIt lies upwards on Thursday afternoon at 292.24 dollars. The 70 and 200 periods are maintained below the price, upward RSI at the 53 points and the MACD lines above the zero level.

The medium and long term resistance is found in the 301.13 dollars. Meanwhile, IE indicators are mixed.

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