JPMorgan Chase & Co.(NYSE:JPM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 14, 2016. Company reported revenue of $25.21B. Analysts estimated a revenue of $24.11B. Earnings per share were $1.55. Analysts had estimated an EPS of $1.44.
In a different note, Berenberg said it Initiates Coverage on JPMorgan Chase & Co., according to a research note issued on Jul 13, 2016. The shares have been rated ‘Sell’ by the firm. On May 16, 2016, Keefe Bruyette & Woods said it Maintains its rating on JPMorgan Chase & Co.. In the research note, the firm Raises the price-target to $72.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 25, 2016, Ertse Group said it Downgrades its rating on JPMorgan Chase & Co.. The shares have been rated ‘Hold’ by the firm.
JPMorgan Chase & Co. (JPM) shares turned negative on Mondays trading session with the shares closing down -0.22 points or -0.34% at a volume of 1,08,24,364. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $64.4. The peak price level was also seen at $64.4 while the days lowest was $63.9. Finally the shares closed at $63.96. The 52-week high of the shares is $70.61 while the 52-week low is $50.07. According to the latest information available, the market cap of the company is $233,880 M.
Several Insider Transactions has been reported to the SEC. On Apr 14, 2016, Matthew E Zames (Chief Operating Officer) sold 45,144 shares at $61.77 per share price.Also, On Apr 14, 2016, Marianne Lake (Chief Financial Officer) sold 13,684 shares at $62.41 per share price.On Apr 14, 2016, Daniel E Pinto (Managing Director) sold 28,837 shares at $62.38 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.