In the year 2004, the JP Morgan Chase Corporation acquired Bank One which allowed the company to further diversify its credit card product and service offering. The following depict the accounting analysis of the company.
The stock price of the Citicorp in January 2002 opened at $36.49 and closed at $34.05. The highest stock price reported in the month was at $39.68 with the lowest being $30.40 and the volume being traded at $11,302,200. The adjusted closing stock price for splits and dividends for the month stood at $26.55. In January 2004, the month of the merger the opening price was at $36.56, the closing price was at $38.89 with the highest price $40.53 and the lowest price $36.30. The volume traded was $15,051,100, with the adjusted closing stock price as $33.35. Two years after the merger in January 2006, the opening price was at $39.83, the closing price was at $39.75 with the volume being traded $13,902,700. The highest and the lowest prices were at $40.87 & $37.88 respectively with the adjusted closing price at $36.64.
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