Published: Sat, April 14, 2018
Economy | By Shawn Conner

Chase Beats on Earnings

Chase Beats on Earnings

(NYSE:JPM) has risen 23.99% since April 13, 2017 and is uptrending. JPM outperformed the S&P500 by 12.44%.

The boost from still low - but rising - interest rates also will likely be a major focus for investors, as an increase in rates can help the profitability of big consumer lenders like JPMorgan. That's change of 0.03, from 2017Q3's 0.91.

JPMorgan Chase stock opened at $110.30 on Friday.

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"While the bank's revenues in Corporate & Investment Banking (CIB) predictably bounced back- helped by a marked increase in market volatility-from an terrible Q4 2017, the bank was even able to beat CIB's strong performance in Q1 2017", Octavio Marenzi, CEO of capital markets consulting firm Opimas said in an email. Also, the number of active investment managers holding Nuveen Pennsylvania Investment Quality Municipal Fund in top ten stock positions was flat from 0 to 0 for the same number. Sold All: 6 Reduced: 4 Increased: 16 New Position: 4. The stock increased 2.49% or $2.75 during the last trading session, reaching $113.37. Therefore 55% are positive. CENTRAL TRUST Co's holdings in JPMorgan Chase were worth $18,288,000 as of its most recent filing with the SEC. The company was downgraded on Thursday, January 11 by Credit Suisse. In Wednesday, December 6 report RBC Capital Markets maintained it with "Buy" rating and $110.0 target. Jpmorgan Chase now has $374.86 billion valuation. (NYSE:JPM) to "Hold" rating. On Tuesday, February 13 the stock rating was upgraded by Keefe Bruyette & Woods to "Buy". On Wednesday, January 17 the rating was upgraded by DZ Bank to "Hold". Nomura maintained the stock with "Neutral" rating in Friday, October 13 report.

Since October 25, 2017, it had 1 insider purchase, and 9 insider sales for $22.34 million activity. 48,344 shares were sold by Petno Douglas B, worth $5.43M on Saturday, January 13. (NYSE:JPM) on Saturday, January 13.

In other news, insider Gordon Smith sold 65,865 shares of the stock in a transaction dated Wednesday, January 18th. On Friday, January 19 26,532 shs were sold by Scher Peter, worth $3.01 million. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have given a buy rating to the company. This public organizations Return on Investment (ROI) is 6.90%. (NYSE:JPM) shares were sold by BACON ASHLEY.

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Wells Fargo fell 3.4 percent to $50.89, and Citigroup dropped 1.6 percent to $71.01 even though both reported profits that beat expectations. Wal (NYSE:WMT) was reduced too. It is down 0.00% since April 13, 2017 and is. Its down 0.03, from 0.91 in 2017Q3. 96,212 are held by Overbrook Mngmt. (NYSE:JPM). Linden Advisors Limited Partnership has 473,000 shares. Mackay Shields Llc owns 563,000 shares or 0.27% of their United States portfolio. Finally, Societe Generale cut shares of JPMorgan Chase from a "buy" rating to a "hold" rating in a research note on Tuesday, January 9th.

Technical Analysis of JPMorgan Chase & Co.: Technical indicators do not lead us to assume the stock will see more gains anytime soon. (NYSE:JPM). Canada Pension Plan Board reported 2.6% of its portfolio in JPMorgan Chase & Co. "Our Asset & Wealth Management business delivered strong results, with long-term net inflows this quarter across all regions, even as volatility returned to the market". Adirondack Mgmt invested 0.64% in Global Power Equipment Group Inc. Thornburg Investment Management Inc who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $376.17 billion market cap company. (NYSE:JPM). Washington Tru Bank & Trust, a Washington-based fund reported 112,170 shs. Independent Investors Incorporated stated it has 2.55% in JPMorgan Chase & Co. (NYSE:JPM) was sold by Giles Nicole. Guardian Life Insur Co Of America has 11,396 shares for 0.27% of their portfolio. Hardman Johnston Advsrs Ltd Liability Corp has 195,270 shs. That would be a almost 10% increase from last year's profit of $50.1 billion. (JPM) stock price rose 32.24 percent over the past one year, while increased 16.72 percent during the past 6 months. Old Point Financial Corporation (OPOF) has declined 12.40% since April 14, 2017 and is downtrending. It manages about $4.34B and $1.39 billion US Long portfolio.

The company reported its last earnings Actual EPS of $1.76/share. Basswood Capital Management L.L.C., a New York-based fund reported 10,188 shares. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management.

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