Longer Investments Exits Position in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Longer Investments has sold out all of its stake in JPMorgan Chase & Co. during the most recent quarter, according to the disclosure filed by the company on Jul 19, 2016 with the SEC. The investment management company has sold out 23,575 shares of JPMorgan Chase & Co. which is valued at $1,507,150.

Other Hedge Funds, Including , First National Bank Of Omaha reduced its stake in JPM by selling 12,008 shares or 3.5% in the most recent quarter. The Hedge Fund company now holds 330,760 shares of JPM which is valued at $21,145,487. JPMorgan Chase & Co. makes up approx 1.59% of First National Bank Of Omaha’s portfolio.Hills Bank Trust Co boosted its stake in JPM in the latest quarter, The investment management firm added 1,554 additional shares and now holds a total of 57,334 shares of JPMorgan Chase & Co. which is valued at $3,665,363. JPMorgan Chase & Co. makes up approx 1.31% of Hills Bank Trust Co’s portfolio. Americafirst Capital Management added JPM to its portfolio by purchasing 1,317 company shares during the most recent quarter which is valued at $84,196. JPMorgan Chase & Co. makes up approx 0.06% of Americafirst Capital Management’s portfolio.Cedar Hill Associates boosted its stake in JPM in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 229,880 shares of JPMorgan Chase & Co. which is valued at $14,703,125. JPMorgan Chase & Co. makes up approx 2.45% of Cedar Hill Associates’s portfolio. Searle sold out all of its stake in JPM during the most recent quarter. The investment firm sold 7,369 shares of JPM which is valued $465,426.

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.

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