Thursday, 23 November, 2017

Q3 Profit Tops Estimates; Revenue Up 3% YoY

Jamie Dimon chief executive officer of JPMorgan Chase & Co Q3 Profit Tops Estimates; Revenue Up 3% YoY
Conrad Doyle | 12 October, 2017, 16:39

Wolverine Asset Management invested 0.04% of its portfolio in JPMorgan Chase & Co.

Estimates: EPS is seen growing 4% to $1.30 on revenue up 0.5% to $17.85 billion. Revenue during the same period is expected to increase from $92,884M to $117,728M and profit is predicted to slightly grow from $24,341M to $33,548M in the next couple of years, roughly growing 1.2x. Finally, Manning & Napier Advisors LLC raised its position in shares of J P Morgan Chase & Co by 19.3% in the second quarter. The firm earned "Buy" rating on Friday, September 15 by Jefferies.

In terms of earnings per share, 23 analysts have a 1.68 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 14 analysts have a 1.87 EPS mean target and for the quarter ending Mar-18 there are 22 estimates of 6.80 EPS. The Firm is engaged in investment banking, financial services. M&T National Bank & Trust Corp owns 7,509 shares. Nomura maintained the stock with "Neutral" rating in Wednesday, September 7 report. The firm earned "Buy" rating on Tuesday, September 26 by RBC Capital Markets. Gendell Jeffrey L invested in 156,655 shares or 1.03% of the stock. The rating was downgraded by Goldman Sachs on Monday, January 11 to "Neutral". The shares were sold at an average price of $90.55, for a total transaction of $902,602.40. On Friday, July 14 the stock rating was maintained by Keefe Bruyette & Woods with "Hold". Brighton Jones Ltd Liability Corp reported 6,666 shares. Citigroup maintained the shares of JPM in report on Monday, October 5 with "Buy" rating.

JPMorgan Chase & Co is a financial holding company.

In other news, General Counsel Stacey Friedman sold 9,968 shares of the business's stock in a transaction on Monday, August 21st.

Financial market trading was again a dark spot for the company with revenue from bond trading diving 27 percent compared with a year earlier, when it was boosted by higher market activity due to Brexit and the USA election. (NYSE:JPM). Utd Commercial Bank holds 23,576 shares or 0.91% of its portfolio. Comml Bank Of Mellon owns 1.01% invested in JPMorgan Chase & Co. It has a 27.94 P/E ratio. Bank of America Corporation restated an "outperform" rating and set a $99.00 price objective on shares of J P Morgan Chase & Co in a research report on Wednesday, June 21st. (NYSE:JPM) for 10,236 shares. Argus Research maintained the shares of JPM in report on Monday, January 18 with "Buy" rating.

Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have given a buy rating to the company. BACON ASHLEY sold $568,100 worth of stock. Columbia Asset Mngmt has invested 1.07% in JPMorgan Chase & Co. The rating was maintained by Vining Sparks on Friday, April 28 with "Outperform". J P Morgan Chase & Co has an average rating of "Hold" and a consensus price target of $88.87.

Capital International Sarl increased Coca (NYSE:KO) stake by 24,900 shares to 235,050 valued at $10.54 million in 2017Q2. The firm has "Outperform" rating by Credit Agricole given on Tuesday, August 25.

COPYRIGHT VIOLATION WARNING: "J P Morgan Chase & Co (JPM) Shares Bought by Private Wealth Partners LLC" was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal.

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