Indiana Trust Investment Management Co Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Indiana Trust Investment Management Co reduced its stake in JPMorgan Chase & Co. by 2.64% during the most recent quarter end. The investment management company now holds a total of 43,103 shares of JPMorgan Chase & Co. which is valued at $2,566,784 after selling 1,169 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Jul 5, 2016.JPMorgan Chase & Co. makes up approximately 1.35% of Indiana Trust Investment Management Co’s portfolio.

Other Hedge Funds, Including , Baystate Wealth Management reduced its stake in JPM by selling 29 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 3,843 shares of JPM which is valued at $235,422. JPMorgan Chase & Co. makes up approx 0.05% of Baystate Wealth Management’s portfolio.Cullinan Associates Inc boosted its stake in JPM in the latest quarter, The investment management firm added 7,610 additional shares and now holds a total of 162,171 shares of JPMorgan Chase & Co. which is valued at $9,934,595. JPMorgan Chase & Co. makes up approx 0.81% of Cullinan Associates Inc’s portfolio.

JPMorgan Chase & Co. opened for trading at $62.42 and hit $62.95 on the upside on Monday, eventually ending the session at $62.27, with a gain of 0.71% or 0.44 points. The heightened volatility saw the trading volume jump to 1,31,51,438 shares. Company has a market cap of $227,700 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.

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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