JP Morgan Chase second quarter profits rise to $7bn

JPM image

JPM image

Dimon taken the opportunity on a number of occasions in recent months to highlight problems in America, including its failing education system, stifling bureaucracy, and high levels of incarceration and opioid deaths. The consensus stood at $1.34 billion. J P Morgan Chase & Co has a 1-year low of $61.33 and a 1-year high of $94.51. It dived, as 69 investors sold JPMorgan Chase & Co. shares while 807 reduced holdings. That compares with a profit of $6.2 billion, or $1.55 a share, in the same period of 2016.

Richard Chilton decreased its stake in Sei Investments Co (SEIC) by 82.83% based on its latest 2016Q4 regulatory filing with the SEC. The fund held 42,068 stocks of the financial services provider's shares after purchasing an extra 145 shares through out the quarter. The company has market cap of $4.69 billion. The stock increased 0.74% or $0.41 during the last trading session, reaching $55.45. It has underperformed by 16.70% the S&P500. On Friday, March 31 the insider MCCARTHY KATHRYN sold $126,100. The Firm operates through Web services and products segment. Knott David M accumulated 23,050 shares or 1% of the stock. On Friday, May 5 the insider ROMEO CARMEN sold $769,500. CRUDUP ROBERT sold $628,500 worth of stock. Average deposits were up 10% year-over-year. SEIC's profit will be $86.09 million for 25.67 P/E if the $0.54 EPS becomes a reality. The financial services provider reported $1.65 EPS for the quarter, topping the consensus estimate of $1.52 by $0.13. The Wesbanco Bank Inc holds 370,958 shares with $32.01M value, down from 374,696 last quarter. (NYSE:JPM) for 18,067 shares.

Gov. Walker visits flood ravaged Burlington
The worst appears to be over for Wisconsin residents along the Fox River, but flooding concerns will continue Thursday. Many roads and culverts in Walworth County were damaged, with Highway 120 closed from Highway D to Highway 11.

Investors sentiment decreased to 0.82 in Q4 2016. Its up 0.14, from 1.02 in 2016Q3. 5 funds opened positions while 7 raised stakes. Fulton Breakefield Broenniman Ltd Liability Co reported 22,635 shares. Parametric Port Assoc Lc reported 295,942 shares. Moreover, Acropolis Mgmt Limited Liability has 0.25% invested in JPMorgan Chase & Co. Davy Asset Mgmt has 409,465 shares for 3.63% of their portfolio. Jarislowsky Fraser invested 1.4% in JPMorgan Chase & Co. Davidson Advsrs invested in 301,657 shares. Signature Finance reported 10,135 shares. Strs Ohio accumulated 2,068 shares or 0% of the stock. Hedge funds and other institutional investors own 74.24% of the company's stock. Mitsubishi Ufj & Bk Corp owns 279,128 shares. AT&T Inc. (NYSE:T) has declined 0.52% since July 14, 2016 and is downtrending. Therefore 67% are positive. The lowest target is $23.0 while the high is $24.0. Company's 50 day SMA price is $85.98 and its 200 SMA price is $87.09. Deutsche Bank maintained Marin Software Inc (NYSE:MRIN) on Thursday, August 6 with "Buy" rating. (NYSE:JPM) on Friday, January 15 to "Overweight" rating. The rating was maintained by Macquarie Research on Tuesday, September 1 with "Buy". (NYSE:JPM) rating on Wednesday, October 7. Stockholders of record on Thursday, July 6th will be given a dividend of $0.50 per share. The stock of Marin Software Inc (NYSE:MRIN) earned "Hold" rating by Stifel Nicolaus on Thursday, August 25. Glacier Peak Capital LLC bought a new position in J P Morgan Chase & Co during the fourth quarter worth $129,000. (NYSE:JPM) shares. Smith Gordon also sold $5.51M worth of JPMorgan Chase & Co. UBS upgraded JPMorgan Chase & Co. Argus Research maintained JPMorgan Chase & Co. Dimensional Fund Advisors upped its stake in J P Morgan Chase & Co by 1.2% in the Q4. Bahl And Gaynor reported 3.09 million shares or 3.25% of all its holdings. Argyle holds 45,995 shares. (NYSE:JPM). Cincinnati Ins accumulated 2.01 million shares. Absent that, the bank would have posted $1.71 a share in earnings. Veritable Limited Partnership owns 160,355 shares. Bank of America Corporation restated an "outperform" rating and set a $99.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday, June 21st. (NYSE:JPM). Boyar Asset Mngmt stated it has 4.41% of its portfolio in JPMorgan Chase & Co. Teachers Advisors LLC now owns 8,317,280 shares of the financial services provider's stock worth $717,698,000 after buying an additional 764,019 shares during the last quarter. 65,144 are held by Linscomb & Williams Incorporated. (NYSE:JPM) for 19,396 shares. Affinity Ltd Liability Com stated it has 3.6% in JPMorgan Chase & Co. (NYSE:JPM). Rodgers Brothers Incorporated has invested 0.22% in JPMorgan Chase & Co. (NYSE:JPM) earned "Neutral" rating by Macquarie Research on Friday, September 9. (NYSE:JPM) or 95,350 shares. (NYSE:JPM) shares. Shares for $1.80 million were sold by Petno Douglas B. State Street Corp now owns 169,177,566 shares of the financial services provider's stock valued at $14,598,334,000 after buying an additional 11,844,085 shares during the period. Lake Marianne sold $1.09 million worth of stock or 13,072 shares.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.