JPMorgan gains after breakout earnings report

Jamie Dimon

REUTERS Dylan Martinez

On Saturday, January 13 $425,399 worth of JPMorgan Chase & Co. On Saturday, January 13 $5.43M worth of JPMorgan Chase & Co.

Other large investors have also recently made changes to their positions in the company. It increased, as 1 investors sold GLPW shares while 1 reduced holdings. Envestnet Asset Management Inc invested in 0.19% or 802,726 shs.

At the moment, there are a total of 31 analysts who cover JPMorgan Chase & Co. North Star Investment Management Corp sold 3,311 shares as the company's stock rose 0.67% while stock markets declined. Torray Ltd holds 0.03% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Plante Moran Financial Limited Company accumulated 11,864 shs.

Earnings were $8.71bn (£6.1bn), up from $6.45bn (£4.5bn) during the same period a year ago, results that beat the expectations of analysts. L & S Advisors holds 1.37% in JPMorgan Chase & Co. 18,739,103 shares of the company's stock traded hands. The company's distance from 52-week high price is -4.99 percent and while the current price is 38.87 percent from 52-week low price. The company has a market capitalization of $389,081.19, a P/E ratio of 16.06, a PEG ratio of 1.91 and a beta of 1.24. The organization posted $1.76 earnings per share (EPS) for the three-month period, missing the Thomson Reuters' analyst consensus estimate of $1.69 by $0.07- amounting to a surprise factor of 4.04%. The business had revenue of $27.90 billion during the quarter, compared to analyst estimates of $27.73 billion.

The bank results blow the starting whistle on USA earnings season, with Thomson Reuters data predicting profits at S&P 500 companies increased by 18.4 percent from a year ago, their biggest rise in seven years.

JPMorgan Chase has today reported a jump in first-quarter earnings, lifted by higher interest rates and revenue growth in core businesses.

During 2017 Q4 the big money sentiment decreased to 0.88.

Tesla jumped 2 percent after its founder Elon Musk said the electric auto maker will not need to raise any money this year as it will have positive cash flow and be profitable in the third and fourth quarter. The ex-dividend date of this dividend was Wednesday, January 4th. 48,344 shares were sold by Petno Douglas B, worth $5.43M on Saturday, January 13. The shares were acquired at an average price of $113.37 per share, for a total transaction of $825,333.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The disclosure for this purchase can be found here.

Several equities analysts have commented on the stock. Buckingham Research raised JPMorgan Chase from a "neutral" rating to a "buy" rating in a research report on Thursday, December 21st.

JPMorgan Chase (NYSE:JPM) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a note issued to investors on Monday, March 19th. In Tuesday, December 12 report Keefe Bruyette & Woods maintained it with "Hold" rating and $116.0 target. Nomura set a $115.00 price target on JPMorgan Chase and gave the company a "neutral" rating in a research report on Friday, January 12th.

Total analysts of 17 have positions in JP Morgan Chase (NYSE:JPM) as follows: 11 rated it a "Buy", 0 with "Sell" and 6 with "Hold". Vetr raised JPMorgan Chase from a "strong sell" rating to a "sell" rating and set a $102.07 price target for the company in a research report on Tuesday, February 6th.

ILLEGAL ACTIVITY NOTICE: "Foundry Partners LLC Cuts Holdings in JPMorgan Chase (JPM)" was first published by Enterprise Leader and is owned by of Enterprise Leader.

TRADEMARK VIOLATION WARNING: This story was reported by Macon Daily and is owned by of Macon Daily. Private Vista LLC bought a new stake in shares of JPMorgan Chase in the 2nd quarter valued at about $102,000.

Wall Street major indexes fell on Friday morning, erasing all their gains coming out of the opening bell as JPMorgan led a sharp reversal in financial stocks. It also provides real estate construction and real estate mortgage loans, such as residential 1-4 family mortgages, commercial real estate loans, second mortgages, and equity lines of credit; and other loans, as well as cash management services.

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