JPMorgan Chase reports higher profits, upbeat outlook

Jamie Dimon

(NYSE:JPM) for 1.09 million shs. The firm owned 356,470 shares of the financial services provider's stock after selling 17,605 shares during the period. $1.99M worth of JPMorgan Chase & Co. Petno Douglas B also sold $5.43M worth of JPMorgan Chase & Co. It increased, as 1 investors sold GLPW shares while 1 reduced holdings. Endeavour Capital Inc owns 2,508 shares or 0.11% of their U.S. portfolio. Jackson Grant Investment Advisers Inc. raised its stake in J P Morgan Chase & Co by 0.7% in the second quarter.

- Earnings of $2.37 a share estimated $2.28 a share, according to a consensus of analysts polled by Reuters. Jpmorgan Chase & has $389.57 billion market cap. Finally, Atlantic Trust LLC bought a new stake in shares of JPMorgan Chase in the 2nd quarter valued at about $136,000.

Banks led a slide in USA stocks on Friday, as results from big lenders including JPMorgan failed to enthuse investors keeping a wary eye on Russia's plan to consider banning some US imports. Curbstone Mngmt stated it has 0.81% in JPMorgan Chase & Co. The company's market cap is $399.03 Billion, and the average volume is 16.38 Million. 65,101 shares valued at $7.31M were sold by Erdoes Mary E. on Saturday, January 13. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01. The Stock has its 52-week High of $119.33 and 52-Week Low of $ 81.64 and it touched its 52-week high on 02/27/18 and 52-Week Low on 05/31/17. The company has a market capitalization of $389,081.19, a P/E ratio of 16.06, a PEG ratio of 1.91 and a beta of 1.24.

Scor (OTCMKTS:SCRYY) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.09.

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 13 Hold.

JPMorgan dropped 1.7 percent after its profit missed estimates as lower investment banking revenue offset gains from higher interest rates and a jump in trading revenue. Moreover, Fj Capital Management Llc has 1.13% invested in the company for 303,800 shares. Analysts predict that J P Morgan Chase & Co will post $6.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. It is down 0.00% since April 13, 2017 and is.

Citigroup and the S&P banks index also fell around 2.5 percent and the broader S&P financial index lost 1.3 percent, making it the biggest decliner among the 11 major S&P sectors.

Nonetheless, Wall Street seemed pleased by JPMorgan Chase's earnings and guidance. The shares were acquired at an average price of $113.37 per share, for a total transaction of $825,333.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Turning to look at the last 6 months, this stock has added 16.72% to its price. Following the completion of the transaction, the chief executive officer now owns 479,882 shares of the company's stock, valued at $53,866,754.50. The disclosure for this purchase can be found here. Buckingham Research upgraded the shares of JPM in report on Thursday, December 21 to "Buy" rating.

JPMorgan Chase (NYSE:JPM) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a note issued to investors on Monday, March 19th. In Wednesday, December 6 report RBC Capital Markets maintained it with "Buy" rating and $110.0 target. While talking about Performance of the Stock, JPMorgan Chase & Co. now has a Weekly performance of 1.33%, monthly performance percentage is -2.48 percent, Quarterly performance is 2.83 percent, 6 months performance shows a percent value of 16.72% and Yearly Performance is 32.24 percent. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. CT Financial Advisors LLC raised its stake in J P Morgan Chase & Co by 4.2% in the third quarter. If you are viewing this news story on another site, it was illegally copied and republished in violation of global copyright law. (NYSE:JPM) rating on Thursday, June 1. JPMorgan Chase's dividend payout ratio (DPR) is presently 32.61%.

Old Point Financial Corporation operates as the bank holding firm for The Old Point National Bank of Phoebus that provides consumer, mortgage, and business banking services for individual, retail, and commercial customers.

Related news: