Private Bank Trust Co Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Private Bank Trust Co reduced its stake in JPMorgan Chase & Co. by 2.93% during the most recent quarter end. The investment management company now holds a total of 58,213 shares of JPMorgan Chase & Co. which is valued at $3,723,886 after selling 1,757 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.JPMorgan Chase & Co. makes up approximately 0.64% of Private Bank Trust Co’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 , Traynor Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 88 additional shares and now holds a total of 14,485 shares of JPMorgan Chase & Co. which is valued at $926,605. JPMorgan Chase & Co. makes up approx 0.72% of Traynor Capital Management’s portfolio.Gradient Investments boosted its stake in JPM in the latest quarter, The investment management firm added 59,581 additional shares and now holds a total of 61,115 shares of JPMorgan Chase & Co. which is valued at $3,781,185. JPMorgan Chase & Co. makes up approx 0.46% of Gradient Investments’s portfolio.Iowa State Bank boosted its stake in JPM in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 67,167 shares of JPMorgan Chase & Co. which is valued at $3,909,119. JPMorgan Chase & Co. makes up approx 2.22% of Iowa State Bank’s portfolio.Abner Herrman Brock boosted its stake in JPM in the latest quarter, The investment management firm added 100,463 additional shares and now holds a total of 207,297 shares of JPMorgan Chase & Co. which is valued at $12,064,685. JPMorgan Chase & Co. makes up approx 3.06% of Abner Herrman Brock’s portfolio.Kistler-tiffany Companies boosted its stake in JPM in the latest quarter, The investment management firm added 712 additional shares and now holds a total of 10,642 shares of JPMorgan Chase & Co. which is valued at $619,364. JPMorgan Chase & Co. makes up approx 0.35% of Kistler-tiffany Companies’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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