JPMorgan Chase & Co. (JPM) was Downgraded by Macquarie to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Macquarie advised their investors in a research report released on Sep 9, 2016.
Many Wall Street Analysts have commented on JPMorgan Chase & Co.. JPMorgan Chase & Co. was Downgraded by Bernstein to ” Mkt Perform” on Aug 16, 2016. JPMorgan Chase & Co. was Downgraded by Citigroup to ” Neutral” on Aug 8, 2016. Berenberg Initiated JPMorgan Chase & Co. on Jul 13, 2016 to “Sell”, Price Target of the shares are set at $52.
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.
JPMorgan Chase & Co. closed down -0.28 points or -0.42% at $67.16 with 10,070,407 shares getting traded on Wednesday. Post opening the session at $67.16, the shares hit an intraday low of $66.96 and an intraday high of $67.5901 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jul 18, 2016, Matthew E Zames (Chief Operating Officer) sold 3,991 shares at $63.91 per share price. According to the SEC, on Jul 18, 2016, Gordon Smith (Executive Vice President) sold 23,735 shares at $64.05 per share price. On Jul 18, 2016, Ashley Bacon (Chief Risk Officer) sold 15,521 shares at $63.97 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.