Monday, 23 April, 2018

JP Morgan's first-quarter profit easily tops expectations

Screen Shot 2018 04 12 JPMorgan
Jan Cook | 15 April, 2018, 01:28

Investors were expecting strong results as the stock closed 2.5% higher Thursday and are up 6% for the year. On Thursday, January 11 Credit Suisse downgraded JPMorgan Chase & Co.

Technical Analysis of JPMorgan Chase & Co.: Technical indicators do not lead us to assume the stock will see more gains anytime soon.

Other large investors have also recently modified their holdings of the company.

For JPMorgan Chase, last quarter's volatility appears to have been just right.

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.

Syria condemns 'brutal, barbaric aggression' by Western powers
A USA official told Reuters the strikes were aimed at multiple targets and involved Tomahawk cruise missiles. Russian Federation has warned the West not to make any "dangerous" moves against its ally Assad's regime.

Earnings per Share Details of JPMorgan Chase & Co.: The EPS of JPM is strolling at 6.88, measuring its EPS growth this year at 10.5 percent. The stock was purchased at an average cost of $113.37 per share, with a total value of $825,333.60. 9,194 shares were sold by Lake Marianne, worth $1.03 million on Saturday, January 13. (NYSE:JPM). Sarl reported 0.43% of its portfolio in JPMorgan Chase & Co. Earnings per share (EPS) are the portion of a company's profit allocated to each outstanding share of common stock. It also reduced its holding in Ryder Systems Inc (NYSE:R) by 4,960 shares in the quarter, leaving it with 215,448 shares, and cut its stake in Home Bancshares (NASDAQ:HOMB). 16,434 shares were sold by BACON ASHLEY, worth $1.84 million on Saturday, January 13.

A number of brokerages have recently weighed in on JPM. They issued a "hold" rating and a $111.00 price objective for the company. Macquarie reaffirmed a "neutral" rating and issued a $70.00 target price on shares of J P Morgan Chase & Co in a research report on Monday, October 17th. reissued a "buy" rating and set a $79.00 price target on shares of J P Morgan Chase & Co in a research report on Tuesday, October 18th. ETRADE Capital Management LLC now owns 88,152 shares of the financial services provider's stock valued at $8,419,000 after buying an additional 3,513 shares during the period. On Wednesday, December 6 RBC Capital Markets maintained the shares of JPM in report with "Buy" rating. Robert W. Baird maintained it with "Hold" rating and $88.0 target in Wednesday, September 20 report.

Overall, 4 research analysts have assigned a Hold rating and 7 research analysts have given a Buy rating to the stock. J P Morgan Chase & Co now has a consensus rating of "Hold" and an average price target of $77.08. The stock decreased 2.71% or $3.07 during the last trading session, reaching $110.3.JPMorgan Chase & Co. has 39.15 million shares volume, 133.86% up from normal. Everett Harris & Company who had been investing in Factset Research Systems Inc. for a number of months, seems to be bullish on the $7.74 billion market cap company. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase has a 12 month low of $81.64 and a 12 month high of $119.33. Forward P/E is a measure of the price-to-earnings ratio using forecasted earnings for the P/E calculation for the next fiscal year. (NYSE:JPM). Giles Nicole sold $425,399 worth of JPMorgan Chase & Co. JPMorgan Chase had a return on equity of 11.63% and a net margin of 21.46%. Bond-trading revenue rose 8 percent in the quarter to $4.55 billion, while the bank said fixed-income revenue was flat excluding one-time gains. The ex-dividend date is Thursday, April 5th. The yield on the 10-year Treasury held steady at 2.84 percent. JPMorgan Chase & Co had 114 analyst reports since July 21, 2015 according to SRatingsIntel. Cue Financial Group Inc bought 155,700 shares as the company's stock declined 25.60% with the market. Nikko Asset Mgmt Americas owns 16,249 shares. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Chief Executive Officer Jamie Dimon is planning to invest some of that in technology, a new headquarters in midtown Manhattan and 400 new branches. On Wednesday, October 25 2,099 shs were sold by Friedman Stacey, worth $214,019. Company insiders own 0.88% of the company's stock. (NYSE:JPM) for 22,264 shares.

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JPMorgan Chase and several other financial titans marked the unofficial start of the earnings reporting season, and expectations were high for them, as they are for most major companies.

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