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One Reason JPMorgan (JPM) Stock is Advancing Today

NEW YORK (TheStreet) -- Shares of JPMorgan Chase & Co. (JPM - Get Report) are gaining by 2.02% to $58.48 on Friday morning, as the bank promoted Jason Scott to head investor relations, Bloomberg reports.

He succeeds Sarah Youngwood, who was named CFO of JPMorgan's consumer banking segment last month.

Scott worked in the financial institutions coverage group in investment banking for seven years before joining investor relations in 2013, the New York-based...