JPMorgan Chase & Co. (JPM) : Davidson Investment Advisors scooped up 10,672 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 13, 2016. The investment management firm now holds a total of 278,144 shares of JPMorgan Chase & Co. which is valued at $17 Million.JPMorgan Chase & Co. makes up approximately 2.89% of Davidson Investment Advisors’s portfolio.
Other Hedge Funds, Including , Schnieders Capital Management reduced its stake in JPM by selling 2,313 shares or 5.08% in the most recent quarter. The Hedge Fund company now holds 43,194 shares of JPM which is valued at $2.6 Million. JPMorgan Chase & Co. makes up approx 1.56% of Schnieders Capital Management’s portfolio.Estabrook Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 2,377 additional shares and now holds a total of 455,464 shares of JPMorgan Chase & Co. which is valued at $27.9 Million. JPMorgan Chase & Co. makes up approx 4.15% of Estabrook Capital Management’s portfolio. Moody Lynn Lieberson added JPM to its portfolio by purchasing 26,688 company shares during the most recent quarter which is valued at $1.6 Million. JPMorgan Chase & Co. makes up approx 0.26% of Moody Lynn Lieberson’s portfolio.
JPMorgan Chase & Co. opened for trading at $64.94 and hit $66.2 on the upside on Wednesday, eventually ending the session at $65.52, with a gain of 1.52% or 0.98 points. The heightened volatility saw the trading volume jump to 1,89,36,095 shares. Company has a market cap of $239,584 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.
Investors should note that on May 17, 2016, JPMorgan Chase & Co. announced a cash dividend of $0.4800. The company’s management has announced Jul 1, 2016 as the ex-dividend date and fixed the record date on Jul 6, 2016. The payable date has been fixed on Jul 31, 2016.
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.