February 22, 2018

JP Morgan 3Q profits rise, helped by consumer banking

12 October 2017, 03:35 | Cesar Cruz

JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City

JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City

(NYSE:JPM) for 29,925 shares. Jpmorgan Chase & Co now has $340.78B valuation. Its up 21.13% from 14,200 shares previously. Moreover, Vanguard has 1.13% invested in JPMorgan Chase & Co. Shell Asset Management Co bought 114,382 shares as the company's stock declined 6.04% while stock markets rallied. The Ontario - Canada-based Edgepoint Invest Grp has invested 0% in JPMorgan Chase & Co.

Investors sentiment increased to 1.19 in Q2 2017. Bnp Paribas Arbitrage invested in 49,135 shares. Finally, Manning & Napier Advisors LLC raised its position in shares of J P Morgan Chase & Co by 19.3% in the second quarter. (NYSE:JPM) earned "Hold" rating by BMO Capital Markets on Thursday, June 1. The fund owned 138,195 shares of the financial services provider's stock after buying an additional 32,937 shares during the period. First Business Svcs Inc has invested 0.04% of its portfolio in JPMorgan Chase & Co.

Gmt Capital Corp increased Jpmorgan Chase & Co (JPM) stake by 2.74% reported in 2017Q2 SEC filing.

Shares of JPMorgan Chase & Co. (NYSE:JPM). 308,540 were accumulated by Stewart Patten Llc. The company has market cap of $32.45 million. It's up 12 percent this year. Credit Suisse maintained JPMorgan Chase & Co. (NYSE:BGS) to report earnings on October, 26.

They expect $1.67 EPS, up 5.39% or $0.09 from last year's $1.58 per share. The bank's total revenue rose 2.7 percent, topping the average analyst estimate of $25.23 billion. That compares with a profit of $6.29.

Ambassador Bass caused visa row between Turkey and US, Erdo─čan says
Turkey's crackdown against Gulen's movement has led to the arrests of more than 50,000 people for alleged links to terror groups. He asserted that Turkey will stand behind its decision to mutually suspend visa services with Washington if the U.S.

For the third-quarter, book value per share was $66.95, up 5% yea-over-year; and tangible book value per share was $54.03, up 5%.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, October 6th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Monday, July 3rd. The rating was downgraded by Buckingham Research to "Neutral" on Monday, October 17.

Among 31 analysts covering JPMorgan Chase & Co (NYSE:JPM), 16 have Buy rating, 2 Sell and 13 Hold. JPMorgan Chase & Co has $110 highest and $52 lowest target. Robert W. Baird downgraded JPMorgan Chase & Co.

Now insiders hold 17,978,862 shares in the business which makes up 0.51% of shares. The stock has a consensus rating of "Buy" and a consensus target price of $80.15. It is positive, as 56 investors sold JPM shares while 678 reduced holdings. Aureus Asset Mngmt Limited Co reported 0.06% of its portfolio in II-VI, Inc. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. It turned negative, as 100 investors sold IBM shares while 695 reduced holdings. The stock has "Hold" rating by Zacks on Thursday, August 6. The disclosure for this sale can be found here. Insiders have sold 20,711 shares of company stock valued at $1,775,791 in the last quarter. These holdings make up 80.19% of the company's outstanding shares. The Firm conducts its activities through a federally insured national bank subsidiary, Washington Federal, National Association. The Firm operates through four divisions: Communications, Residential, Commercial & Industrial, and Infrastructure Solutions. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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