Baskin Financial Services buys $11,430,927 stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Baskin Financial Services scooped up 1,714 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 3, 2016. The investment management firm now holds a total of 185,567 shares of JPMorgan Chase & Co. which is valued at $11,430,927.JPMorgan Chase & Co. makes up approximately 3.33% of Baskin Financial Services’s portfolio.

Other Hedge Funds, Including , Bank Of The West boosted its stake in JPM in the latest quarter, The investment management firm added 2,426 additional shares and now holds a total of 153,377 shares of JPMorgan Chase & Co. which is valued at $9,448,023. JPMorgan Chase & Co. makes up approx 1.31% of Bank Of The West’s portfolio. Regis Management Co sold out all of its stake in JPM during the most recent quarter. The investment firm sold 5,990 shares of JPM which is valued $368,984.Sii Investments Incwi boosted its stake in JPM in the latest quarter, The investment management firm added 2,327 additional shares and now holds a total of 32,925 shares of JPMorgan Chase & Co. which is valued at $2,080,860. JPMorgan Chase & Co. makes up approx 0.19% of Sii Investments Incwi’s portfolio.Curian Capital reduced its stake in JPM by selling 256,642 shares or 63.18% in the most recent quarter. The Hedge Fund company now holds 149,577 shares of JPM which is valued at $9,453,266. JPMorgan Chase & Co. makes up approx 0.69% of Curian Capital’s portfolio.Valley National Advisers Inc boosted its stake in JPM in the latest quarter, The investment management firm added 47 additional shares and now holds a total of 3,124 shares of JPMorgan Chase & Co. which is valued at $199,842. JPMorgan Chase & Co. makes up approx 0.11% of Valley National Advisers 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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