Covenant Asset Management LLC Buys 680 Shares of JPMorgan Chase (JPM)

Drew Angerer  Getty

Drew Angerer Getty

(NYSE:JPM) stock jumped $2.75 higher during the regular trading session on Thursday, hitting $113.37. On Saturday, January 13 $5.43M worth of JPMorgan Chase & Co. Colorado-based Alps Advisors has invested 0.02% in JPMorgan Chase & Co. Also, the number of hedge funds holding Community Financial Corp in top ten positions was flat from 0 to 0 for the same number. Aull And Monroe Inv Mngmt Corporation invested 1.34% of its capital in JPMorgan Chase & Co. Wall Street analysts had been expecting $2.28 a share. Sawyer & Company Inc bought a new stake in shares of JPMorgan Chase in the 4th quarter worth approximately $2,597,000.

Technical Analysis of JPMorgan Chase & Co.: Technical indicators do not lead us to assume the stock will see more gains anytime soon. (NYSE:JPM) or 260,400 shares. During the same quarter previous year, the company earned $1.65 EPS. Logan Capital holds 11,421 shares or 0.09% of its portfolio. D Scott Neal Inc owns 333 shs.

A number of brokerages have recently weighed in on JPM. They issued a "hold" rating and a $111.00 price objective for the company. Zacks Investment Research downgraded shares of JPMorgan Chase from a "buy" rating to a "hold" rating in a research report on Tuesday, March 20th. JPMorgan Chase now has a consensus rating of "Hold" and an average price target of $112.51.

Among 17 analysts covering JP Morgan Chase (NYSE:JPM), 11 have Buy rating, 0 Sell and 6 Hold. The stock decreased 1.37% or $3.17 during the last trading session, reaching $228.17. Cadence Capital Management LLC now owns 179,581 shares of the financial services provider's stock worth $16,414,000 after buying an additional 9,105 shares during the last quarter. The company's distance from 52-week high price is -4.99 percent and while the current price is 38.87 percent from 52-week low price. The firm has a market cap of $314.76 billion, a price-to-earnings ratio of 14.24 and a beta of 1.49.

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.

Shares in JP Morgan, the largest U.S. bank by assets, rallied 2.5% on Thursday as the bank reported a 35%increase in first quarter net profit to $8.71 billion, beating analysts' estimates.The rally comes at the end of a three-week upward streak leading up to the earnings release.

In the first quarter of 2018, JPMorgan Chase also adopted new accounting guidance on revenue recognition6, which resulted in revenue and expense increasing by $313 million in the current quarter, predominantly in AWM and the remainder in CIB; net income was not impacted.

The US's largest bank by assets reported earnings of $2.37 per share on revenue of $27.9 billion.

The provision for credit losses was $1.2 billion, down from $1.3 billion in the prior year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Thursday, April 5th. The stock's quarterly performance represents optimistic momentum of 2.83 percent. Royal Bank of Canada upgraded shares of Scor from an "underperform" rating to a "sector perform" rating in a research note on Tuesday, January 16th. (NYSE:JPM) was sold by BACON ASHLEY. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 152,047 shares of company stock worth $17,098,115 in the last 90 days. JPMorgan slid 2.7% to 110.30 in the stock market today, dropping back below their 50-day moving average. The disclosure for this sale can be found here. Friedman Stacey sold $214,019 worth of JPMorgan Chase & Co.

In European stock markets, France's CAC 40 edged up 0.1 percent, and Germany's DAX gained 0.2 percent. (NYSE:JPM) has "Buy" rating given on Friday, January 12 by RBC Capital Markets. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and worldwide trademark & copyright laws. Department Mb Financial Bank N A holds 0.25% of its portfolio in JPMorgan Chase & Co. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management.

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