JPMorgan Chase & Co. (JPM) : Cypress Asset Management Inctx reduced its stake in JPMorgan Chase & Co. by 4.94% during the most recent quarter end. The investment management company now holds a total of 158,634 shares of JPMorgan Chase & Co. which is valued at $10,141,472 after selling 8,250 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.JPMorgan Chase & Co. makes up approximately 1.97% of Cypress Asset Management Inctx’s portfolio.
Other Hedge Funds, Including , Nordea Investment Management Ab reduced its stake in JPM by selling 897,216 shares or 12.72% in the most recent quarter. The Hedge Fund company now holds 6,156,289 shares of JPM which is valued at $393,571,556. JPMorgan Chase & Co. makes up approx 1.12% of Nordea Investment Management Ab’s portfolio.Leavell Investment Management boosted its stake in JPM in the latest quarter, The investment management firm added 967 additional shares and now holds a total of 55,521 shares of JPMorgan Chase & Co. which is valued at $3,549,458. JPMorgan Chase & Co. makes up approx 0.51% of Leavell Investment Management’s portfolio.Newman Dignan Sheerar boosted its stake in JPM in the latest quarter, The investment management firm added 818 additional shares and now holds a total of 22,717 shares of JPMorgan Chase & Co. which is valued at $1,404,592. JPMorgan Chase & Co. makes up approx 0.90% of Newman Dignan Sheerar’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in JPM in the latest quarter, The investment management firm added 3,301 additional shares and now holds a total of 118,731 shares of JPMorgan Chase & Co. which is valued at $7,070,431. JPMorgan Chase & Co. makes up approx 1.37% of First Financial Bank N.a. – Trust Division’s portfolio.
JPMorgan Chase & Co. opened for trading at $64.11 and hit $64.229 on the upside on Wednesday, eventually ending the session at $63.93, with a gain of 0.11% or 0.07 points. The heightened volatility saw the trading volume jump to 1,04,11,068 shares. Company has a market cap of $233,770 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.