Johanson Financial Advisors buys $900,919 stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Johanson Financial Advisors scooped up 880 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 13,343 shares of JPMorgan Chase & Co. which is valued at $900,919.JPMorgan Chase & Co. makes up approximately 0.98% of Johanson Financial Advisors’s portfolio.

Other Hedge Funds, Including , Callahan Advisors boosted its stake in JPM in the latest quarter, The investment management firm added 3,504 additional shares and now holds a total of 137,933 shares of JPMorgan Chase & Co. which is valued at $9,313,236. JPMorgan Chase & Co. makes up approx 2.37% of Callahan Advisors’s portfolio.Forte Capital Adv reduced its stake in JPM by selling 20 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 16,438 shares of JPM which is valued at $1,113,510. JPMorgan Chase & Co. makes up approx 0.43% of Forte Capital Adv’s portfolio.Premier Asset Managment reduced its stake in JPM by selling 2,025 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 131,180 shares of JPM which is valued at $8,886,133. JPMorgan Chase & Co. makes up approx 2.27% of Premier Asset Managment’s portfolio.Nisa Investment Advisors reduced its stake in JPM by selling 18,134 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 1,319,698 shares of JPM which is valued at $90,148,570. JPMorgan Chase & Co. makes up approx 1.19% of Nisa Investment Advisors’s portfolio.Private Asset Management Inc boosted its stake in JPM in the latest quarter, The investment management firm added 2,345 additional shares and now holds a total of 226,841 shares of JPMorgan Chase & Co. which is valued at $15,354,867. JPMorgan Chase & Co. makes up approx 2.59% of Private Asset Management Inc’s portfolio.

JPMorgan Chase & Co. closed down -0.22 points or -0.32% at $67.52 with 2,41,63,776 shares getting traded on Friday. Post opening the session at $68.8, the shares hit an intraday low of $67.3 and an intraday high of $69.03 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, JPMorgan Chase & Co. reported $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Oct 14, 2016. Analyst had a consensus of $1.39. The company had revenue of $24673.00 million for the quarter, compared to analysts expectations of $23687.07 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 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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