Cumberland Partners Ltd Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Cumberland Partners Ltd reduced its stake in JPMorgan Chase & Co. by 1.77% during the most recent quarter end. The investment management company now holds a total of 809,893 shares of JPMorgan Chase & Co. which is valued at $49,565,452 after selling 14,575 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on May 10, 2016.JPMorgan Chase & Co. makes up approximately 7.02% of Cumberland Partners Ltd’s portfolio.

Other Hedge Funds, Including , Norges Bank boosted its stake in JPM in the latest quarter, The investment management firm added 379,886 additional shares and now holds a total of 32,379,050 shares of JPMorgan Chase & Co. which is valued at $1,981,597,860. JPMorgan Chase & Co. makes up approx 0.99% of Norges Bank’s portfolio.Mcf Advisors reduced its stake in JPM by selling 398 shares or 4.03% in the most recent quarter. The Hedge Fund company now holds 9,476 shares of JPM which is valued at $583,722. JPMorgan Chase & Co. makes up approx 0.15% of Mcf Advisors’s portfolio.Middleton Co Incma boosted its stake in JPM in the latest quarter, The investment management firm added 275 additional shares and now holds a total of 36,890 shares of JPMorgan Chase & Co. which is valued at $2,272,424. JPMorgan Chase & Co. makes up approx 0.53% of Middleton Co Incma’s portfolio.Wellington Shields Capital Management reduced its stake in JPM by selling 2,858 shares or 4.78% in the most recent quarter. The Hedge Fund company now holds 56,942 shares of JPM which is valued at $3,507,627. JPMorgan Chase & Co. makes up approx 0.60% of Wellington Shields Capital Management’s portfolio.Whittier Trust Co Of Nevada Inc boosted its stake in JPM in the latest quarter, The investment management firm added 5,607 additional shares and now holds a total of 209,963 shares of JPMorgan Chase & Co. which is valued at $13,269,662. JPMorgan Chase & Co. makes up approx 1.54% of Whittier Trust Co Of Nevada Inc’s portfolio.

JPMorgan Chase & Co. opened for trading at $61.21 and hit $61.985 on the upside on Monday, eventually ending the session at $61.66, with a gain of 0.75% or 0.46 points. The heightened volatility saw the trading volume jump to 1,09,51,344 shares. Company has a market cap of $225,470 M.

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. 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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