Stanley Capital Management Exits Position in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Stanley Capital Management has sold out all of its stake in JPMorgan Chase & Co. during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 38,465 shares of JPMorgan Chase & Co. which is valued at $2,487,147.

Other Hedge Funds, Including , Becker Capital Management Inc boosted its stake in JPM in the latest quarter, The investment management firm added 2,437 additional shares and now holds a total of 987,911 shares of JPMorgan Chase & Co. which is valued at $63,878,325. JPMorgan Chase & Co. makes up approx 2.51% of Becker Capital Management Inc’s portfolio.Mckinley Carter Wealth Services reduced its stake in JPM by selling 1,064 shares or 8.27% in the most recent quarter. The Hedge Fund company now holds 11,795 shares of JPM which is valued at $762,665. JPMorgan Chase & Co. makes up approx 0.39% of Mckinley Carter Wealth Services’s portfolio. Deltec Asset Management sold out all of its stake in JPM during the most recent quarter. The investment firm sold 21,825 shares of JPM which is valued $1,404,002.Arcadia Investment Management Corpmi boosted its stake in JPM in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 7,603 shares of JPMorgan Chase & Co. which is valued at $486,288. JPMorgan Chase & Co. makes up approx 0.15% of Arcadia Investment Management Corpmi’s portfolio.

JPMorgan Chase & Co. closed down -0.2 points or -0.30% at $66.1 with 1,13,59,174 shares getting traded on Monday. Post opening the session at $66.07, the shares hit an intraday low of $65.84 and an intraday high of $66.485 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 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.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *