Mcqueen Ball Associates buys $2,424,399 stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Mcqueen Ball Associates scooped up 730 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 37,899 shares of JPMorgan Chase & Co. which is valued at $2,424,399.JPMorgan Chase & Co. makes up approximately 1.72% of Mcqueen Ball Associates’s portfolio.

JPMorgan Chase & Co. opened for trading at $63.64 and hit $64.38 on the upside on Friday, eventually ending the session at $63.97, with a gain of 0.58% or 0.37 points. The heightened volatility saw the trading volume jump to 1,24,44,665 shares. Company has a market cap of $234,787 M.

Other Hedge Funds, Including , Cwm reduced its stake in JPM by selling 124,038 shares or 68.52% in the most recent quarter. The Hedge Fund company now holds 56,984 shares of JPM which is valued at $3,645,266. JPMorgan Chase & Co. makes up approx 0.31% of Cwm’s portfolio.E&g Advisors Lp boosted its stake in JPM in the latest quarter, The investment management firm added 481 additional shares and now holds a total of 55,609 shares of JPMorgan Chase & Co. which is valued at $3,440,529. JPMorgan Chase & Co. makes up approx 2.23% of E&g Advisors Lp’s portfolio.Stonebridge Capital Management Inc boosted its stake in JPM in the latest quarter, The investment management firm added 5,895 additional shares and now holds a total of 53,946 shares of JPMorgan Chase & Co. which is valued at $3,337,639. JPMorgan Chase & Co. makes up approx 1.41% of Stonebridge Capital Management Inc’s portfolio.Gofen Glossberg Il boosted its stake in JPM in the latest quarter, The investment management firm added 13,613 additional shares and now holds a total of 887,290 shares of JPMorgan Chase & Co. which is valued at $54,896,632. JPMorgan Chase & Co. makes up approx 2.31% of Gofen Glossberg Il’s portfolio.Hollencrest Securities reduced its stake in JPM by selling 198 shares or 0.85% in the most recent quarter. The Hedge Fund company now holds 23,188 shares of JPM which is valued at $1,349,542. JPMorgan Chase & Co. makes up approx 0.24% of Hollencrest Securities’s portfolio.

On the company’s financial health, JPMorgan Chase & Co. reported $1.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 13, 2016. Analyst had a consensus of $1.26. The company had revenue of $23200.00 million for the quarter, compared to analysts expectations of $22874.02 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.45 EPS.

Many Wall Street Analysts have commented on JPMorgan Chase & Co.. JPMorgan Chase & Co. was Downgraded by Portales Partners to ” Underperform” on Feb 22, 2016. JPMorgan Chase & Co. was Downgraded by Nomura to ” Neutral” on Jan 25, 2016.

JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking financial services for consumers and small businesses commercial banking financial transaction processing and asset management. JPMorgan Chase’s activities are organized into four business segments. The Company’s Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs online mobile and telephone banking. The Corporate & Investment Bank comprising Banking and Markets & Investor Services offers investment banking market-making prime brokerage and treasury and securities products and services. The Commercial Banking (CB) segment delivers industry knowledge local expertise and service to the United States and the United States multinational clients. The Asset Management segment comprises investment and wealth management. The Company also operates a Corporate segment.

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