JPMorgan Chase is proposing to charge as little as $10,000 a year for equity research, the lowest price to emerge so far, as the Wall Street giant seeks to grab market share when a European ban on free analysis for clients is imposed, two people with knowledge of the matter said.
Bloomberg News reports that for that fee, customers will have read-only access to JPMorgan’s online analyst portal, known as Morgan Markets, which houses all of its analysts’ stock reports, said the people, who asked not to be identified speaking about confidential pricing information.
Speaking directly to analysts and attending conferences will cost more on a client-by-client basis, and commissioning analysts for specific research even more than that, one of the people said.
By comparison, rival Barclays was planning to charge 30,000 pounds ($39,000) for read-only access to its European research, and as much as 350,000 pounds for its “gold” package that includes field trips and corporate visits, according to a pricing document reported by Bloomberg News last month.
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