JP Morgan Chase & Co (JPM) Lowered by Vetr Inc

JPMorgan's Reports Higher Earnings

JPMorgan's Reports Higher Earnings

Greenhaven Associates Inc. lowered its position in shares of JPMorgan Chase (NYSE:JPM) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. Cornerstone Holdg Ltd owns 1.42M shares for 1.06% of their portfolio. Quantitative Invest Mngmt Limited Liability Company holds 0.41% in JPMorgan Chase & Co. The bank's chief financial officer, Marianne Lake, said the Fed's rule changes came as no surprise, and that JPMorgan welcomed them. The institutional investor owned 568,799 shares of the financial services provider's stock after buying an additional 82,369 shares during the period. Petno Douglas B had sold 48,344 shares worth $5.43M on Saturday, January 13. Sei Invests has invested 0.75% in JPMorgan Chase & Co. $825,327 worth of JPMorgan Chase & Co.

Earnings were $8.71bn (£6.1bn), up from $6.45bn (£4.5bn) during the same period previous year, results that beat the expectations of analysts. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.42 by $0.29.

First Personal Financial Services decreased Amgen Inc (NASDAQ:AMGN) stake by 2,314 shares to 3,202 valued at $557,000 in 2017Q4.

A number of brokerages have recently weighed in on JPM. JPMorgan Chase reported its biggest-ever profit and topped analysts' expectations. Vetr upgraded shares of JPMorgan Chase from a "sell" rating to a "hold" rating and set a $105.98 price target for the company in a research note on Monday, February 12th. (NYSE:JPM) on Saturday, January 13. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with "Hold". Moreover, First Dallas Secs has 0.62% invested in JPMorgan Chase & Co. (NYSE:JPM) earned "Buy" rating by Jefferies. The firm now has a $130.00 price objective on the financial services provider's stock.

Several equities analysts recently weighed in on JPM shares. About 16.44M shares traded or 0.38% up from the average. The ratio improved, as 26 hedge funds increased or opened new positions, while 13 cut down and sold their equity positions in Community Financial Corp. JPMorgan Chase has a one year low of $81.64 and a one year high of $119.33. RBC Capital Markets has "Buy" rating and $110.0 target.

J P Morgan Chase & Co (NYSE:JPM) last announced its earnings results on Friday, January 13th. But all told, the first-quarter mix featured enough activity to boost revenue. JPMorgan Chase had a return on equity of 11.63% and a net margin of 21.46%. The company had revenue of $27.90 billion during the quarter, compared to analyst estimates of $27.73 billion. Wall Street is forecasting the strongest growth in seven years for S&P 500 companies, and the hope has been that healthy profit reports in coming weeks will steady the market following a rough couple of months.

Investors sentiment decreased to 0.88 in Q4 2017. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.03%. J P Morgan Chase & Co's dividend payout ratio is 31.02%. Also, Director James S. Crown bought 7,280 shares of JPMorgan Chase stock in a transaction that occurred on Thursday, January 18th. 55 investors sold all, 802 reduced holdings as JPM ratio worsened. (OTCMKTS:GLPW) for 3.17M shares. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mary E. Erdoes sold 65,101 shares of the business's stock in a transaction dated Tuesday, January 16th. While the Short-Term Technical Indicators for the stock on 7-Day Average Directional Indicator shows "Buy" signal. Market capitalization is just a fancy declare for a comprehensible concept: it is the market value of a company's outstanding shares. The disclosure for this purchase can be found here.

Sell side analysts plays vital role in buying and selling a stock where 5 analysts rated JPMorgan Chase & Co. Company insiders own 0.88% of the company's stock. (NYSE:JPM) now has a Weekly Volatility of 2.27% percent while its Monthly Volatility is at 2.42% percent. If you are accessing this news story on another website, it was illegally copied and reposted in violation of USA & worldwide copyright and trademark legislation. Northcoast Asset Management Ltd Liability holds 1.74% or 181,567 shs in its capital.

Old Point Financial Corporation operates as the bank holding firm for The Old Point National Bank of Phoebus that provides consumer, mortgage, and business banking services for individual, retail, and commercial customers. Free for 14 days - no credit card required!

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