Lending offsets bad quarter for trading at JPMorgan Chase

Gladys Abbott
October 13, 2017

Ronald Blue & Company Llc increased Ishares Tr S&P 500 Index Fd (IVV) stake by 9,515 shares to 75,386 valued at $18.35 million in 2017Q2. Jpmorgan Chase & Co now has $340.78B valuation. Arga Invest Management LP has 0.97% invested in JPMorgan Chase & Co. Hexavest has 1.07% invested in JPMorgan Chase & Co. The Wall Street Journal reported GM planned to cut production at a Detroit plant and lay off about 1,500 workers.

ILLEGAL ACTIVITY NOTICE: "CENTRAL TRUST Co Purchases 16,725 Shares of J P Morgan Chase & Co (JPM)" was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. (NYSE:JPM). Cape Cod Five Cents Bancorp stated it has 110,453 shares or 1.6% of all its holdings. Dorsey & Whitney Trust Company Llc sold 14,802 shares as Target Corp (TGT)'s stock declined 14.90%. Jackson Grant Investment Advisers Inc. increased its holdings in J P Morgan Chase & Co by 0.4% in the 2nd quarter. (JPM) opened at 85.36 on Tuesday. The stock has a 50 day moving average of $93.22 and a 200 day moving average of $89.65.

The company P/E (price to earnings) ratio is 14.24 and Forward P/E ratio is 12.81. Asset Advisors Corporation has invested 0.05% of its portfolio in JPMorgan Chase & Co. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. (NYSE:JPM) has seen its SMA20 which is now 2.10%. The financial services provider reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.52 by $0.13. The business had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion.

Overall loans also rose from the year-ago levels, a sign the broader economy is performing solidly. Grand Jean Capital Management Inc. now owns 26,788 shares of the financial services provider's stock valued at $2,353,000 after purchasing an additional 6,688 shares in the last quarter. The bank saw higher deposit growth and increased revenue in its credit card division, which the bank has been expanding aggressively in the previous year with a new high-end credit card known as Chase Sapphire Reserve. (JPM) Stock" with publication date: "October 03, 2017. This represents a $2.24 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Monday, July 3rd. J P Morgan Chase & Co's dividend payout ratio is now 33.14%.

More news: Nokia 9 renders show curved screen, dual camera hump

A number of research analysts have recently commented on the stock. J P Morgan Chase & Co has a 1-year low of $66.74 and a 1-year high of $97.64. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co.to $47.00 and gave the company a "buy" rating in a report on Monday, April 17th.

Among 11 analysts covering B&G Foods (NYSE:BGS), 4 have Buy rating, 1 Sell and 6 Hold. Deutsche Bank maintained Target Corporation (NYSE:TGT) rating on Sunday, September 6.

Among 2 analysts covering Twenty-First Century Fox (NASDAQ:FOX), 1 have Buy rating, 0 Sell and 1 Hold. On Friday, January 20 the stock rating was reinitiated by Stifel Nicolaus with "Hold".

Bank Hapoalim Bm decreased Jpmorgan Chase & Co (JPM) stake by 23.83% reported in 2017Q2 SEC filing. About 19,422 shares traded. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ashley Bacon sold 6,514 shares of the firm's stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. (NYSE:JPM). Lazard Asset Management holds 0.18% or 960,248 shares in its portfolio. The disclosure for this sale can be found here. Insiders sold a total of 20,711 shares of company stock worth $1,775,791 in the last ninety days. Voya Inv Mngmt Ltd Liability Corp accumulated 17,313 shares or 0% of the stock. (NYSE:JPM) were released by: Investorplace.com and their article: "Trade of the Day: JPMorgan Chase & Co". The Company, through its subsidiary, State Street Bank and Trust Company, provides a range of financial services and products to institutional investors across the world.

Other reports by LeisureTravelAid

Discuss This Article