Jbf Capital buys $6.1 Million stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Jbf Capital scooped up 20,000 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 100,000 shares of JPMorgan Chase & Co. which is valued at $6.1 Million.JPMorgan Chase & Co. makes up approximately 0.79% of Jbf Capital’s portfolio.

Other Hedge Funds, Including , Ironwood Investment Counsel boosted its stake in JPM in the latest quarter, The investment management firm added 1,599 additional shares and now holds a total of 5,411 shares of JPMorgan Chase & Co. which is valued at $331,153. JPMorgan Chase & Co. makes up approx 0.17% of Ironwood Investment Counsel’s portfolio.Portland Investment Counsel boosted its stake in JPM in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 23,095 shares of JPMorgan Chase & Co. which is valued at $1.4 Million. JPMorgan Chase & Co. makes up approx 2.71% of Portland Investment Counsel’s portfolio.Personal Capital Advisors Corp boosted its stake in JPM in the latest quarter, The investment management firm added 7,942 additional shares and now holds a total of 39,712 shares of JPMorgan Chase & Co. which is valued at $2.4 Million. JPMorgan Chase & Co. makes up approx 0.11% of Personal Capital Advisors Corp’s portfolio.Buffington Mohr Mcneal boosted its stake in JPM in the latest quarter, The investment management firm added 3,524 additional shares and now holds a total of 11,933 shares of JPMorgan Chase & Co. which is valued at $754,166. JPMorgan Chase & Co. makes up approx 0.33% of Buffington Mohr Mcneal’s portfolio.

JPMorgan Chase & Co. opened for trading at $64.94 and hit $66.2 on the upside on Wednesday, eventually ending the session at $65.52, with a gain of 1.52% or 0.98 points. The heightened volatility saw the trading volume jump to 1,89,36,095 shares. Company has a market cap of $239,584 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.

Investors should note that on May 17, 2016, JPMorgan Chase & Co. announced a cash dividend of $0.4800. The company’s management has announced Jul 1, 2016 as the ex-dividend date and fixed the record date on Jul 6, 2016. The payable date has been fixed on Jul 31, 2016.

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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