Harbour Capital Advisors Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Harbour Capital Advisors reduced its stake in JPMorgan Chase & Co. by 0.86% during the most recent quarter end. The investment management company now holds a total of 32,401 shares of JPMorgan Chase & Co. which is valued at $2,193,224 after selling 282 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Oct 3, 2016.JPMorgan Chase & Co. makes up approximately 1.18% of Harbour Capital Advisors’s portfolio.

Other Hedge Funds, Including , Cullinan Associates Inc boosted its stake in JPM in the latest quarter, The investment management firm added 1,493 additional shares and now holds a total of 163,664 shares of JPMorgan Chase & Co. which is valued at $11,078,416. JPMorgan Chase & Co. makes up approx 0.95% of Cullinan Associates Inc’s portfolio.

JPMorgan Chase & Co. opened for trading at $66.21 and hit $67.18 on the upside on Tuesday, eventually ending the session at $66.6, with a gain of 0.86% or 0.57 points. The heightened volatility saw the trading volume jump to 1,72,26,890 shares. Company has a market cap of $240,558 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.. JPMorgan Chase & Co. was Downgraded by Macquarie to ” Neutral” on Sep 9, 2016. 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.

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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