JPMorgan Chase & Co. (JPM) : Abner Herrman Brock scooped up 6,354 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 213,651 shares of JPMorgan Chase & Co. which is valued at $13,494,197.JPMorgan Chase & Co. makes up approximately 3.12% of Abner Herrman Brock’s portfolio.
Other Hedge Funds, Including , Grassi Investment Management reduced its stake in JPM by selling 724 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 100,164 shares of JPM which is valued at $6,326,358. JPMorgan Chase & Co. makes up approx 1.17% of Grassi Investment Management’s portfolio.Central Bank Trust Co boosted its stake in JPM in the latest quarter, The investment management firm added 1,346 additional shares and now holds a total of 6,944 shares of JPMorgan Chase & Co. which is valued at $438,583. JPMorgan Chase & Co. makes up approx 0.12% of Central Bank Trust Co’s portfolio.Stillwater Investment Management reduced its stake in JPM by selling 234 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 35,988 shares of JPM which is valued at $2,225,138. JPMorgan Chase & Co. makes up approx 1.25% of Stillwater Investment Management’s portfolio.British Columbia Investment Management Corp reduced its stake in JPM by selling 28,172 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 1,694,654 shares of JPM which is valued at $104,780,457. JPMorgan Chase & Co. makes up approx 0.90% of British Columbia Investment Management Corp’s portfolio.
JPMorgan Chase & Co. opened for trading at $64.75 and hit $64.8 on the upside on Friday, eventually ending the session at $64.18, with a gain of 0.09% or 0.06 points. The heightened volatility saw the trading volume jump to 1,76,07,090 shares. Company has a market cap of $234,684 M.
On the company’s financial health, JPMorgan Chase & Co. reported $1.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $1.43. The company had revenue of $24400.00 million for the quarter, compared to analysts expectations of $23843.59 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS.
Many Wall Street Analysts have commented on JPMorgan Chase & Co.. Berenberg Initiated JPMorgan Chase & Co. on Jul 13, 2016 to “Sell”, Price Target of the shares are set at $52.
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.