JPMorgan Chase & Co. (JPM) Releases Earnings Results, Beats Expectations By $0.09 EPS

JPMorgan Chase & Co. (JPM) reported quarterly earnings results on Wednesday, Apr-13-2016. The company said it had a profit of $1.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $1.26. The company posted revenue of $23200.00 million in the period, 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. was Upgraded by Atlantic Equities to ” Overweight” on Jan 15, 2016.

JPMorgan Chase & Co. opened for trading at $57.91 and hit $58.88 on the upside on Monday, eventually ending the session at $58.2, with a gain of 0.80% or 0.46 points. The heightened volatility saw the trading volume jump to 1,76,27,802 shares. Company has a market cap of $213,609 M.

In a different news, on Feb 4, 2016, James S Crown (director) purchased 81 shares at $57.88 per share price. According to the SEC, on Jan 29, 2016, Douglas B Petno (Managing Director) sold 10,566 shares at $59.00 per share price. On Jan 21, 2016, Mary E. Erdoes (Managing Director) sold 49,349 shares at $55.27 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.

JPMorgan Chase & Co.

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