JPMorgan third-quarter earnings beat forecasts

Posted October 13, 2017

The original version of this article can be read at https://www.truebluetribune.com/2017/10/12/j-p-morgan-chase-co-jpm-earns-hold-rating-from-oppenheimer-holdings-inc.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. McQueen Ball & Associates Inc. grew its holdings in shares of J P Morgan Chase & Co by 3.7% in the third quarter. Sunbelt Securities Inc. increased its holdings in J P Morgan Chase & Co by 0.5% in the 2nd quarter. 320.02 million shares or 0.87% less from 322.84 million shares in 2017Q1 were reported. Baystate Wealth Management LLC increased its stake in shares of J P Morgan Chase & Co by 51.7% during the 1st quarter.

JPMorgan Chase & Co.'s insider ownership stands at 0.1 percent, while its insider transaction is -1.05 percent. Stoneridge Investment Partners LLC now owns 90,495 shares of the financial services provider's stock valued at $7,949,000 after acquiring an additional 3,156 shares during the last quarter. The stock rose 1.37% or $0.81 reaching $59.95. Finally, Manning & Napier Advisors LLC boosted its holdings in shares of J P Morgan Chase & Co by 19.3% in the second quarter.

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Among 11 analysts covering B&G Foods (NYSE:BGS), 4 have Buy rating, 1 Sell and 6 Hold. The stock has "Overweight" rating by JP Morgan on Monday, September 28. Wells Fargo & Company started coverage on shares of J P Morgan Chase & Co in a research report on Wednesday, August 9th. (NYSE:IBM). Ronna Sue Cohen holds 0.36% or 3,128 shares. Vining Sparks upgraded JPMorgan Chase & Co.to an "outperform" rating and set a $95.00 price target for the company in a report on Thursday, April 27th.

J P Morgan Chase & Co (JPM) traded down 0.72% on Thursday, reaching $96.14. Trust Of Vermont invested in 3,659 shares. The company has a market cap of $340.73 billion, a price-to-earnings ratio of 14.29 and a beta of 1.18. Clark Capital Management Group Inc stated it has 1.43% in JPMorgan Chase & Co. Now we look at the Moving Averages, the 200-day is 8.65%, the 50-day is 4.26% and the 20-day is 2.1%.

TRADEMARK VIOLATION NOTICE: "J P Morgan Chase & Co (JPM) Issues Quarterly Earnings Results, Beats Expectations By $0.10 EPS" was first reported by Week Herald and is the sole property of of Week Herald. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $1.65 for the quarter. Revenues were US$25.3 billion, up three per cent.

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The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business.

CIB net income for the quarter was $2.55 billion, which is down 13% from the same time past year. During the same quarter past year, the firm posted $1.35 EPS.

"JPMorgan Chase delivered solid results in a competitive environment this quarter with steady core growth across the platform", said chief executive Jamie Dimon. The ex-dividend date of this dividend is Monday, July 3rd. Investors of record on Friday, October 6th will be issued a $0.56 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.34%. Credit Suisse Group reduced their target price on shares of J P Morgan Chase & Co from $102.00 to $99.00 and set an "outperform" rating on the stock in a report on Thursday, June 29th. J P Morgan Chase & Co has a consensus rating of "Hold" and an average price target of $88.87. (NYSE:JPM) or 2,832 shares. If you are reading this article on another site, it was illegally stolen and reposted in violation of United States and worldwide copyright law. The company was downgraded on Monday, January 25 by Nomura. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. Cape Ann Bankshares accumulated 12,209 shares or 1.48% of the stock.

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