April 21, 2018

JPMorgan gains after breakout earnings report

14 April 2018, 01:44 | Kenneth Drake

JPMorgan's Reports Higher Earnings

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In other news, Director James S. Crown acquired 7,280 shares of the firm's stock in a transaction that occurred on Thursday, January 18th. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider's stock worth $301,000 after buying an additional 12 shares during the last quarter. Franklin Street Inc Nc has 2.6% invested in JPMorgan Chase & Co.

Several other hedge funds also recently made changes to their positions in JPM. CT Financial Advisors LLC now owns 2,187 shares of the financial services provider's stock worth $146,000 after buying an additional 89 shares in the last quarter.

The bank's shares were up almost 1 percent in premarket trading on Friday. Duff Phelps Comm holds 0.06% of its portfolio in JPMorgan Chase & Co. In the last ninety days, insiders have sold 152,047 shares of company stock worth $17,098,115. Now the institutional investor is holding 6.55M shares, compared to the 6.24 million from the previous quarter. On Saturday, January 13 $7.31M worth of stock was sold by Erdoes Mary E. $5.43M worth of JPMorgan Chase & Co.

A number of brokerages have recently weighed in on JPM. (NYSE:JPM). Knott David M has 0.98% invested in JPMorgan Chase & Co. They issued a "hold" rating and a $111.00 price objective for the company. Those shares retreated in price Friday morning by 17 cents to $113.15. On Tuesday, January 9 the stock of JPMorgan Chase & Co. ValuEngine lowered shares of JPMorgan Chase from a "buy" rating to a "hold" rating in a report on Monday, April 2nd. "Buy" rating has 11, "Sell" are 0, while 6 are "Hold". The stock now has a consensus rating of "Hold" and an average target price of $112.51.

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 13 Hold. 10,992,466 shares of the stock traded hands. The stock has a market cap of $310.65 billion, a price-to-earnings ratio of 14.05 and a beta of 1.49. The Stock has its 52-week High of $119.33 and 52-Week Low of $ 81.64 and it touched its 52-week high on 02/27/18 and 52-Week Low on 05/31/17.

Capital Wealth Planning LLC increased its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 200.0% during the third quarter, Holdings Channel reports. Analysts polled by Bloomberg had expected earnings of $2.28 and revenue of $27.71 billion.

The fourth-quarter of 2017, by comparison, was noisy and uneven thanks in part to the new tax law, which caused many banks to book one-time losses on repatriated cash and deferred tax assets that declined in value.

Net revenue was $28.52 billion, beating the average estimate of $27.68 billion.

21 analysts on average are expecting JPMorgan Chase & report earnings of $2.23 per share for the current quarter. Since April 13, 2017 JPM has risen 23.99% and is uptrending. This represents a $1.92 annualized dividend and a yield of 2.21%. Listed here are JPMorgan Chase & Co. On Friday, January 19 26,532 shs were sold by Scher Peter, worth $3.01 million. It increased, as 1 investors sold GLPW shares while 1 reduced holdings. Following the completion of the transaction, the executive vice president now directly owns 15,310 shares in the company, valued at approximately $1,717,782. BACON ASHLEY sold $1.84 million worth of JPMorgan Chase & Co. FDx Advisors Inc. now owns 136,089 shares of the financial services provider's stock valued at $12,998,000 after acquiring an additional 13,827 shares during the period. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company's stock.

JPMorgan Chase (NYSE:JPM) last released its earnings results on Friday, April 13th. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and worldwide trademark & copyright legislation. On Wednesday, December 20 Wells Fargo maintained JPMorgan Chase & Co.

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