JPMorgan Chase & Co. (JPM) reported quarterly earnings results on Thursday, Jul-14-2016. The company said it had a profit of $1.55 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $1.43. The company posted revenue of $24400.00 million in the period, 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. closed down -0.04 points or -0.06% at $63.16 with 1,85,26,932 shares getting traded on Wednesday. Post opening the session at $63.08, the shares hit an intraday low of $62.64 and an intraday high of $63.43 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 14, 2016, Marianne Lake (Chief Financial Officer) sold 13,684 shares at $62.41 per share price. According to the SEC, on Apr 14, 2016, Daniel E Pinto (Managing Director) sold 28,837 shares at $62.38 per share price. On Apr 14, 2016, Matthew E Zames (Chief Operating Officer) sold 45,144 shares at $61.77 per share price, according to the Form-4 filing with the securities and exchange commission.
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.