Chase Beats on Earnings

Ann Santiago
April 15, 2018

About 39.15M shares traded or 139.12% up from the average.

JPMorgan Chase (NYSE:JPM) last released its earnings results on Friday, April 13th.

Cue Financial Group Inc increased its stake in Medley Cap Corp (MCC) by 77.12% based on its latest 2017Q4 regulatory filing with the SEC. The institutional investor held 29,377 shares of the technology company at the end of 2017Q4, valued at $6.88 million, down from 120,100 at the end of the previous reported quarter. Lesa Sroufe & Co who had been investing in Bp Plc F Sponsored Adr 1 Adr R for a number of months, seems to be less bullish one the $140.22B market cap company. About 2,824 shares traded. BP p.l.c. (NYSE:BP) has risen 18.43% since April 14, 2017 and is uptrending. It has underperformed by 40.21% the S&P500. (NYSE:JPM) rating. Credit Suisse has "Buy" rating and $125.0 target. (NYSE:JPM) PTs and latest ratings. On Tuesday, January 2 the company was maintained by Robert W. Baird. Jefferies maintained the stock with "Buy" rating in Wednesday, October 7 report. The company rating was maintained by Keefe Bruyette & Woods on Tuesday, December 12. On Thursday, July 20 the stock rating was maintained by Oppenheimer with "Hold". On Tuesday, December 12 the rating was maintained by Keefe Bruyette & Woods with "Hold".

Dropbox fell about 7 percent after brokerage Instinet started with "reduce" rating on the cloud-based storage firm. It is down 0.00% since April 13, 2017 and is. It's up 0.45, from 1.55 in 2017Q3. Sold All: 6 Reduced: 4 Increased: 16 New Position: 4.


The Federal Reserve this week proposed two changes to its rules for the amount of capital banks need to hold. Earnings per share (EPS) are the portion of a company's profit allocated to each outstanding share of common stock.

Nonetheless, Wall Street seemed pleased by JPMorgan Chase's earnings and guidance. Walthausen Lc accumulated 500,000 shares. Hilltop Holding holds 10,552 shs or 0.25% of its capital. Ameriprise Finance invested 0% in Medley Capital Corporation (NYSE:MCC). $1.84M worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Friedman Stacey on Saturday, January 13. $5.43M worth of stock was sold by Petno Douglas B on Saturday, January 13. The firm's revenue was up 12.0% on a year-over-year basis. sell-side analysts anticipate that JPMorgan Chase will post 8.89 earnings per share for the current year. On Saturday, January 13 the insider Scher Peter sold $1.91 million. BACON ASHLEY sold $1.84 million worth of JPMorgan Chase & Co. (NYSE:JPM) shares. Shares for $825,327 were bought by CROWN JAMES S. $1.84M worth of JPMorgan Chase & Co.

While impressive, the bank's profit increase needs to be put into a little bit of perspective: the new United States federal tax code introduced at the end of 2017 meant that banks like JPMorgan had to book multi-billion-dollar charges in their fourth quarter earnings which brought full year earnings down. Its up 1.04, from 0.95 in 2017Q3. It dropped, as 55 investors sold JPM shares while 802 reduced holdings. Jackson Grant Investment Advisers Inc. raised its stake in J P Morgan Chase & Co by 0.7% in the second quarter. Cornerstone Holdg Ltd owns 1.42M shares for 1.06% of their portfolio. (NYSE:JPM) for 22,264 shares. Finally, FDx Advisors Inc. raised its position in JPMorgan Chase by 11.3% in the 3rd quarter. New Mexico Educational Retirement Board invested 1.37% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Aspiriant Ltd Liability Co stated it has 3,159 shs or 0.1% of all its holdings. (NYSE:JPM) for 47,432 shs.

Several equities analysts recently weighed in on JPM shares. Eastern Comml Bank stated it has 2.21% in JPMorgan Chase & Co. Merriman Wealth Ltd Liability Corp reported 5,259 shares. Moreover, Cibc World has 0% invested in CenturyLink, Inc. (NYSE:JPM). Wesbanco Bank & Trust Incorporated holds 314,273 shs or 2.28% of its capital. Therefore 55% are positive. 65% are bullish. 28 are the (NYSE:JPM)'s analyst reports since November 13, 2017 according to StockzIntelligence Inc. The stock has "Strong-Buy" rating by Vetr on Friday, August 28. The firm has "Neutral" rating by Macquarie Research given on Wednesday, September 23. JPMorgan Chase's dividend payout ratio is presently 32.61%. (NYSE:JPM) with "Buy" rating. On Wednesday, January 17 the rating was upgraded by DZ Bank to "Hold". The rating was downgraded by Sandler O'Neill to "Hold" on Thursday, October 6. Morgan Stanley gave the stock an Overweight rating, while setting a price target at $136 in a research note from Wednesday, February 21st, 2018. On Monday, March 19 Credit Suisse maintained JPMorgan Chase & Co. (NYSE:JPM). Atria Invs, a North Carolina-based fund reported 45,730 shares.

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