JPMorgan Chase Reports Q2 Earnings of $1.82 to Beat Estimates

  • JPMorgan Chase Reports Q2 Earnings of $1.82 to Beat Estimates

JPMorgan Chase Reports Q2 Earnings of $1.82 to Beat Estimates

This is an increase of 134% compared to the typical volume of 4,517 call options.

Several other equities research analysts have also commented on JPM. Finally, FIL Ltd increased its stake in J P Morgan Chase & Co by 3.0% in the fourth quarter. J P Morgan Chase & Co makes up 1.3% of Asset Dedication LLC's portfolio, making the stock its 24th largest position. SELL rating has been given by 1 analyst (s) and 7 analyst (s) given BUY rating to the stock. Lastly, Deutsche Bank AG restated a "buy" recommendation on stocks of J P Morgan Chase & Co in a note on Mon, Jul 3rd. On Thursday, July 6 the stock rating was maintained by Goldman Sachs with "Neutral". Over the recent three month period, executive have unloaded 20,711 stocks of company shares worth at $1,775,791. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 10,792 shares of the stock in a transaction on Monday, April 17th. Following the transaction, the director now owns 299,862 shares of the company's stock, valued at $25,632,203.76. The disclosure for this purchase can be found here.

The stock increased 0.64% or $0.59 during the last trading session, hitting $93.75. It worsened, as 69 investors sold JPM shares while 807 reduced holdings. He's right, but if one is going to talk about JPMorgan's performance last quarter, it's impossible to ignore the fact that revenue from its fixed-income trading unit dropped 19%. However, that's due in part to a high comparative base from the second quarter previous year, when the U.K.'s unexpected decision to leave the European Union caused a huge surge in trading in the last week of June. The Clearline Capital Lp holds 76,170 shares with $810,000 value, down from 414,880 last quarter. Northwest Quadrant Wealth Management LLC bought a new position in shares of J P Morgan Chase & Co during the fourth quarter worth $125,000. Town & Country Bank & Trust Co Dba First Bankers Trust Co now owns 26,541 shares valued at $2,426,000. It is 0.00% or $0 reaching $0.0001 per share. (NYSE:JPM). Dynamic Solutions Limited Liability Company invested in 0.5% or 14,412 shares.

Fresh off a trip to Ireland, France and Israel, JPMorgan Chase CEO Jamie Dimon grew tired with reporters' questions Friday (July 14) about the company's investments during an earnings teleconference.

J P Morgan Chase & Co (NYSE JPM) started trading at 93.10 on early Friday. The firm has a 50-day moving average price of $85.98 and a 200-day moving average price of $87.09.

The other big bank, Citigroup Inc., said that its comparable trading revenue declined 7%, to $3.9 billion.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Friday, July 14th.

Despite such factors, second-quarter results from J.P. Morgan, Wells Fargo, Citigroup and PNC Financial Services Group Inc. beat Wall Street expectations.

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JP Morgan is the first of the big United States banks to report its second quarter results.

J.P. Morgan extended $23.9 billion in mortgages in the quarter, a decrease of 4.4% from the $25 billion the bank extended in the second quarter a year earlier. Analysts polled by Thomson Reuters expected the company to report earnings of $1.58 per share for the quarter. Shares hit an all-time high on July 6 and are up almost 8 percent for the year so far. The ex-dividend date will be Tuesday the 4th of April 2017. (NYSE:JPM). Timber Creek Limited Co holds 0.15% or 2,217 shares.

TRADEMARK VIOLATION NOTICE: This article was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & worldwide trademark & copyright law. J P Morgan Chase & Co's dividend payout ratio is presently 30.82%.