Markets

JP Morgan Q3 profits beat estimates but provisions jump

JP Morgan Q3 profits beat estimates but provisions jump

Several brokerages have commented on JPM. JPMorgan Chase & Co had 79 analyst reports since July 21, 2015 according to SRatingsIntel. They noted that the move was a valuation call. Northwestern Mutual Wealth Management holds 0.31% of its portfolio in JPMorgan Chase & Co.

Washington Federal, Inc.is a bank holding company. Finally, Goldman Sachs Group, Inc. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have given a buy rating to the stock. Vining Sparks maintained JPMorgan Chase & Co. The stock increased 0.77% or $0.74 during the last trading session, reaching $97.13. The stock has a 50 day moving average price of $93.07 and a 200 day moving average price of $89.60.

Revenues rose 2.6% from past year to $25.33 billion, also easily topping analysts' view for $24.91 billion. Columbia Asset Mngmt has invested 1.07% in JPMorgan Chase & Co. The results beat analysts' expectations, who were looking for JPMorgan to earn $1.65 a share, according to FactSet. Jbf Capital reported 0.59% of its portfolio in JPMorgan Chase & Co. The business had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same period in the prior year, the company earned $1.55 EPS. Analysts expected revenue of $25.23 billion, for the quarter. Adirondack Trust Co sold 3,390 shares as Jpmorgan Chase & Co Com (JPM)'s stock declined 6.04%. If you are reading this piece on another publication, it was stolen and republished in violation of US & worldwide trademark & copyright laws. If you are viewing this article on another website, it was illegally stolen and republished in violation of USA & worldwide copyright legislation.

Nbt Bank N A decreased Jp Morgan Chase & Co (JPM) stake by 5.62% reported in 2017Q2 SEC filing. Gateway Advisory Limited Liability Company invested in 7,785 shares or 0.22% of the stock. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. FMR LLC now owns 96,587,143 shares of the financial services provider's stock worth $8,334,505,000 after buying an additional 15,715,835 shares during the period. Also, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co stock in a transaction dated Monday, July 17th. WHITEHEAD ROY M also sold $551,403 worth of Washington Federal Inc. The disclosure for this sale can be found here. About 2,859 shares traded. Company insiders own 0.88% of the company's stock.

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Institutional investors and hedge funds have recently made changes to their positions in the company.

J.P. Morgan Chase & Co. said its third-quarter profit rose 7.1% as a boost from lending offset weaker trading results for the nation's biggest bank by assets. (NYSE:JPM) on Monday, October 5 with "Buy" rating. (NASDAQ:IIVI). Credit Suisse Ag reported 27,237 shares. Gradient Investments LLC now owns 75,929 shares of the financial services provider's stock valued at $6,940,000 after buying an additional 6,365 shares during the period. The Bank Hapoalim Bm holds 39,747 shares with $3.63M value, down from 52,182 last quarter. Dimensional Fund Advisors Lp owns 0.07% invested in State Street Corp (NYSE:STT) for 1.66M shares.

A number of research analysts have issued reports on JPM shares. These holdings make up 80.19% of the company's outstanding shares. It operates in four segments, as well as a Corporate segment. Commercial Banking again delivered outstanding performance with record revenue as our long-term investments in the business are paying off.


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