Armbruster Capital Management Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Armbruster Capital Management reduced its stake in JPMorgan Chase & Co. by 3.95% during the most recent quarter end. The investment management company now holds a total of 8,821 shares of JPMorgan Chase & Co. which is valued at $543,374 after selling 363 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on May 3, 2016.JPMorgan Chase & Co. makes up approximately 0.37% of Armbruster Capital Management’s portfolio.

Other Hedge Funds, Including , Hyman Charles D reduced its stake in JPM by selling 574 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 28,490 shares of JPM which is valued at $1,754,984. JPMorgan Chase & Co. makes up approx 0.28% of Hyman Charles D’s portfolio.Pitcairn Co reduced its stake in JPM by selling 4,171 shares or 8.84% in the most recent quarter. The Hedge Fund company now holds 43,027 shares of JPM which is valued at $2,719,306. JPMorgan Chase & Co. makes up approx 0.34% of Pitcairn Co’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.Mount Vernon Associates Inc Md reduced its stake in JPM by selling 200 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 24,599 shares of JPM which is valued at $1,573,598. JPMorgan Chase & Co. makes up approx 3.41% of Mount Vernon Associates Inc Md’s portfolio.Foster Motley Inc boosted its stake in JPM in the latest quarter, The investment management firm added 1,387 additional shares and now holds a total of 107,786 shares of JPMorgan Chase & Co. which is valued at $6,895,070. JPMorgan Chase & Co. makes up approx 1.38% of Foster Motley Inc’s portfolio.

JPMorgan Chase & Co. opened for trading at $61.55 and hit $62.26 on the upside on Tuesday, eventually ending the session at $62.04, with a gain of 1.36% or 0.83 points. The heightened volatility saw the trading volume jump to 1,18,97,151 shares. Company has a market cap of $226,859 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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