JPMorgan Chase & Co. (JPM) : Tower Research Capital (trc) scooped up 42,283 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 51,186 shares of JPMorgan Chase & Co. which is valued at $3,343,470.JPMorgan Chase & Co. makes up approximately 0.30% of Tower Research Capital (trc)’s portfolio.
Other Hedge Funds, Including , D L Carlson Investment Group Inc boosted its stake in JPM in the latest quarter, The investment management firm added 6,305 additional shares and now holds a total of 72,252 shares of JPMorgan Chase & Co. which is valued at $4,719,501. JPMorgan Chase & Co. makes up approx 1.61% of D L Carlson Investment Group Inc’s portfolio.Argent Capital Management reduced its stake in JPM by selling 3,593 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 1,141,737 shares of JPM which is valued at $74,738,104. JPMorgan Chase & Co. makes up approx 3.17% of Argent Capital Management’s portfolio.Fort Pitt Capital Group boosted its stake in JPM in the latest quarter, The investment management firm added 180 additional shares and now holds a total of 9,913 shares of JPMorgan Chase & Co. which is valued at $640,975. JPMorgan Chase & Co. makes up approx 0.08% of Fort Pitt Capital Group’s portfolio.Gryphon International Investment Corp reduced its stake in JPM by selling 9,285 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 350,422 shares of JPM which is valued at $22,441,025. JPMorgan Chase & Co. makes up approx 4.99% of Gryphon International Investment Corp’s portfolio.
JPMorgan Chase & Co. closed down -0.09 points or -0.14% at $65.86 with 90,84,877 shares getting traded on Friday. Post opening the session at $65.72, the shares hit an intraday low of $65.22 and an intraday high of $65.91 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 $1.55 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 Bernstein to ” Mkt Perform” on Aug 16, 2016. 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.