Jolley Asset Management buys $4,035,100 stake in JP MORGAN CHASE & CO COM (JPM)

JP MORGAN CHASE & CO COM (JPM) : Jolley Asset Management scooped up 3,244 additional shares in JP MORGAN CHASE & CO COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 63,078 shares of JP MORGAN CHASE & CO COM which is valued at $4,035,100.JP MORGAN CHASE & CO COM makes up approximately 3.53% of Jolley Asset Management’s portfolio.

JP MORGAN CHASE & CO COM opened for trading at $63.86 and hit $64.64 on the upside on Wednesday, eventually ending the session at $64.11, with a gain of 0.28% or 0.18 points. The heightened volatility saw the trading volume jump to 1,52,84,125 shares. Company has a market cap of $235,301 M.

Other Hedge Funds, Including , 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 JP MORGAN CHASE & CO COM which is valued at $3,909,119. JP MORGAN CHASE & CO COM makes up approx 2.22% of Iowa State Bank’s portfolio.

On the company’s financial health, JP MORGAN CHASE & CO COM 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 JP MORGAN CHASE & CO COM. JP MORGAN CHASE & CO COM was Downgraded by Portales Partners to ” Underperform” on Feb 22, 2016. JP MORGAN CHASE & CO COM 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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