JP Morgan's first-quarter profit easily tops expectations

JP Morgan Chase reveals first-quarter profit jumped to $8.7bn

Its up 0.50, from 0 in 2017Q3. It is negative, as 55 investors sold JPM shares while 802 reduced holdings.

"In the Corporate & Investment Bank we maintained our #1 rank in Global IB fees, including #1 in M&A which grew share in every region". Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of JPMorgan Chase by 8.4% in the 3rd quarter. The financial services provider reported $2.37 EPS for the quarter, topping the Zacks' consensus estimate of $2.28 by $0.09. Duff Phelps Comm holds 0.06% of its portfolio in JPMorgan Chase & Co.

A number of equities analysts recently issued reports on JPM shares.

Nonetheless, Wall Street seemed pleased by JPMorgan Chase's earnings and guidance. The institutional investor held 500,000 shares of the metal fabrications company at the end of 2017Q4, valued at $1.99M, up from 257,041 at the end of the previous reported quarter. (NYSE:JPM) for 3,590 shares. They now have a $110.00 price objective on the financial services provider's stock. Rothschild Asset Mngmt Inc stated it has 1.89% of its capital in JPMorgan Chase & Co.

TRADEMARK VIOLATION NOTICE: "JPMorgan Chase (JPM) Stake Increased by Berkshire Asset Management LLC PA" was first posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. (NYSE:JPM). Swift Run Management Lc accumulated 0.15% or 2,315 shares.

This's net activity of $22.34 million.

Overall, 4 research analysts have assigned a Hold rating and 7 research analysts have given a Buy rating to the stock. (NYSE:JPM). Martin Currie Limited owns 182,158 shs. The insider Erdoes Mary E. sold 65,101 shares worth $7.31 million. (NYSE:JPM) or 16,434 shs on Saturday, January 13. (NYSE:JPM) now has a "Sell" signals on Composite indicators by TrendSpotter. Petno Douglas B had sold 48,344 shs worth $5.43 million on Saturday, January 13. Schwab Charles Investment Management Inc. lifted its holdings in shares of JPMorgan Chase by 3.0% in the 4th quarter. The company's stock had a trading volume of 47,779 shares, compared to its average volume of 63,756.

- Quarterly profit rose to $8.7 billion, or $2.37 a share, from $6.45 billion, or $1.65, a year earlier.

The stock increased 0.31% or $0.0381 during the last trading session, reaching $12.5181. About 16.44 million shares traded or 0.38% up from the average. It has outperformed by 12.44% the S&P500. It also increased its holding in Beigene Ltd by 900,000 shares in the quarter, for a total of 1.28M shares, and has risen its stake in Cognex Corp (NASDAQ:CGNX).

Bloomberg has the details on JP Morgan's big quarter. This organization's stock showed a trading volume of 16.33 million shares, compared to its average daily volume of 16.42M shares. Vetr lowered shares of JPMorgan Chase from a "strong-buy" rating to a "buy" rating and set a $123.29 price objective for the a report on Thursday, April 5th. "Buy" rating has 11, "Sell" are 0, while 6 are "Hold". Morgan Stanley gave the stock an Overweight rating, while setting a price target at $136 in a research note from Wednesday, February 21st, 2018. The company was maintained on Wednesday, October 11 by Keefe Bruyette & Woods. Buckingham Research upgraded JPMorgan Chase from a "neutral" rating to a "buy" rating in a research note on Thursday, December 21st. Berkshire Asset Management LLC PA's holdings in JPMorgan Chase were worth $43,065,000 as of its most recent SEC filing.

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 13 Hold. In Friday, January 12 report Bank of America maintained the stock with "Buy" rating. On Tuesday, January 2 the company was maintained by Robert W. Baird.

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