JPMorgan profit just below forecast on weak investment banking

Markets Right Now Stocks close lower weighed down by banks

(NYSE:JPM). Westpac Banking stated it has 1.38% of its portfolio in JPMorgan Chase & Co.

Nonetheless, Wall Street seemed pleased by JPMorgan Chase's earnings and guidance.

JPMorgan's investment bank also had a solid quarter, helped by much more volatile and active markets last quarter. Petno Douglas B also sold $5.43M worth of JPMorgan Chase & Co. The fund owned 74,357 shares of the financial services provider's stock after selling 9,342 shares during the quarter. Sunbelt Securities Inc. grew its position in JPMorgan Chase by 0.5% in the second quarter. BACON ASHLEY sold $1.84 million worth of stock or 16,434 shs. Perritt Capital Mgmt Inc holds 7,709 shares or 0.23% of its portfolio. Shares for $825,327 were bought by CROWN JAMES S on Tuesday, January 16. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of JPMorgan Chase by 8.4% in the 3rd quarter.

JPMorgan Chase & Co. was covered by a number of analysts recently, 8 rated the stock as Buy, 14 rated Hold, 1 rated sell and 0 gave an Underperform. Vetr lowered shares of JPMorgan Chase from a "strong-buy" rating to a "buy" rating and set a $123.29 price objective for the company.in a report on Thursday, April 5th. The rating was maintained by BMO Capital Markets on Friday, January 12 with "Hold". (NYSE:JPM) rating. Wells Fargo has "Buy" rating and $120.0 target. In a report issued on April 11, HSBC analyst Alevizos Alevizakos initiated coverage with a Hold rating on JPM and a price target of $111, which represents a slight downside potential from current levels. (NYSE:JPM) earned "Buy" rating by RBC Capital Markets on Monday, November 13. About 25.59M shares traded or 56.27% up from the average. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.17 and a current ratio of 0.17. The Stock has its 52-week High of $119.33 and 52-Week Low of $ 81.64 and it touched its 52-week high on 02/27/18 and 52-Week Low on 05/31/17. The firm has a market capitalization of $379,643.31, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24.

J.P. Morgan Chase reported earnings that beat on both the top and bottom line Friday, although trading revenue growth remained light. The Return on Equity ratio of JPMorgan Chase & Co.

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While JPMorgan's pretax income rose by $2 billion in the quarter, the company said it effectively paid $240 million less in taxes compared to a year earlier.

Citigroup reported a profit of $4.62 billion, or $1.68 a share, compared with a profit of $4.09 billion, or $1.35 per share, in the same period a year earlier.

JPMorgan Chase (NYSE:JPM) released the results from its first quarter Friday, beating analyst earnings expectations on an adjusted basis with $2.37 a share. The ex-dividend date was Wednesday, January 4th. It is negative, as 55 investors sold JPM shares while 802 reduced holdings. Following the completion of the transaction, the executive vice president now directly owns 15,310 shares in the company, valued at approximately $1,717,782. While the Short-Term Technical Indicators for the stock on 7-Day Average Directional Indicator shows "Buy" signal. They now have a $110.00 price objective on the financial services provider's stock. The disclosure for this sale can be found here. Friedman Stacey also sold $214,019 worth of JPMorgan Chase & Co. Corporate insiders own 0.88% of the company's stock.

JPMorgan Chase (NYSE:JPM) last issued its earnings results on Friday, April 13th. If you are viewing this report on another publication, it was stolen and reposted in violation of global trademark & copyright legislation. JPMorgan Chase & Co had 114 analyst reports since July 21, 2015 according to SRatingsIntel.

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