Webster Bank N. A. buys $9,886,346 stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Webster Bank N. A. scooped up 1,606 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 146,421 shares of JPMorgan Chase & Co. which is valued at $9,886,346.JPMorgan Chase & Co. makes up approximately 1.46% of Webster Bank N. A.’s portfolio.

Other Hedge Funds, Including , Blue Bell Private Wealth Management boosted its stake in JPM in the latest quarter, The investment management firm added 275 additional shares and now holds a total of 2,676 shares of JPMorgan Chase & Co. which is valued at $180,684. JPMorgan Chase & Co. makes up approx 0.11% of Blue Bell Private Wealth Management’s portfolio.Founders Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 3,862 shares of JPMorgan Chase & Co. which is valued at $265,088. JPMorgan Chase & Co. makes up approx 0.15% of Founders Capital Management’s portfolio.Nadler Financial Group boosted its stake in JPM in the latest quarter, The investment management firm added 158 additional shares and now holds a total of 5,300 shares of JPMorgan Chase & Co. which is valued at $360,983. JPMorgan Chase & Co. makes up approx 0.14% of Nadler Financial Group’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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