Bangor Savings Bank buys $2.4 Million stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Bangor Savings Bank scooped up 435 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 26, 2016. The investment management firm now holds a total of 36,091 shares of JPMorgan Chase & Co. which is valued at $2.4 Million.JPMorgan Chase & Co. makes up approximately 0.58% of Bangor Savings Bank’s portfolio.

Other Hedge Funds, Including , Wellington Shields boosted its stake in JPM in the latest quarter, The investment management firm added 2,705 additional shares and now holds a total of 23,452 shares of JPMorgan Chase & Co. which is valued at $1.5 Million. JPMorgan Chase & Co. makes up approx 1.00% of Wellington Shields’s portfolio.Analytic Investors boosted its stake in JPM in the latest quarter, The investment management firm added 272,545 additional shares and now holds a total of 628,997 shares of JPMorgan Chase & Co. which is valued at $39.9 Million. JPMorgan Chase & Co. makes up approx 0.49% of Analytic Investors’s portfolio.Legal General Group Plc boosted its stake in JPM in the latest quarter, The investment management firm added 211,366 additional shares and now holds a total of 16,716,396 shares of JPMorgan Chase & Co. which is valued at $1,061.7 Million. JPMorgan Chase & Co. makes up approx 1.18% of Legal General Group Plc’s portfolio.Denver Investment Advisors reduced its stake in JPM by selling 2,291 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 119,556 shares of JPM which is valued at $7.3 Million. JPMorgan Chase & Co. makes up approx 0.33% of Denver Investment Advisors’s portfolio.

JPMorgan Chase & Co. opened for trading at $64.76 and hit $65.92 on the upside on Wednesday, eventually ending the session at $65.69, with a gain of 0.64% or 0.42 points. The heightened volatility saw the trading volume jump to 1,40,31,018 shares. Company has a market cap of $240,206 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.

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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