JPMorgan Chase & Co. (JPM) was Initiated by Berenberg to “Sell” and the brokerage firm has set the Price Target at $52. Berenberg advised their investors in a research report released on Jul 13, 2016.
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.
JPMorgan Chase & Co. opened for trading at $62.42 and hit $62.95 on the upside on Monday, eventually ending the session at $62.27, with a gain of 0.71% or 0.44 points. The heightened volatility saw the trading volume jump to 1,31,51,438 shares. Company has a market cap of $227,700 M.
In a different news, on Apr 14, 2016, Matthew E Zames (Chief Operating Officer) sold 45,144 shares at $61.77 per share price. According to the SEC, on Apr 14, 2016, Marianne Lake (Chief Financial Officer) sold 13,684 shares at $62.41 per share price. On Apr 14, 2016, Daniel E Pinto (Managing Director) sold 28,837 shares at $62.38 per share price, according to the Form-4 filing with the securities and exchange commission.
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.