JP Morgan edges lower as dip in trading revenues outweighs earnings beat

Jamie Dimon speaks at a Remain in the EU campaign event attended by Britain's Chancellor of the Exchequer George Osborne at JP Morgan's corporate centre in Bournemouth southern Britain

Jamie Dimon speaks at a Remain in the EU campaign event attended by Britain's Chancellor of the Exchequer George Osborne at JP Morgan's corporate centre in Bournemouth southern Britain

Net profit rose to $6.73 billion, or $1.76 per share, for the third quarter ended September 30, from $6.29 billion, or $1.58 per share, a year earlier. (NYSE:JPM). 308,540 were accumulated by Stewart Patten Llc. Goldman Sachs maintained the shares of JPM in report on Thursday, April 14 with "Neutral" rating. The company was downgraded on Friday, August 28 by Vetr. The rating was maintained by BMO Capital Markets with "Hold" on Wednesday, August 23. (NYSE:JPM). Rex Cap Advisors Ltd reported 11,320 shares stake. Nomura maintained the stock with "Neutral" rating in Wednesday, September 7 report. Mairs & Power Inc sold 3,476 shares as J.P. Morgan Chase & Co (JPM)'s stock declined 6.04%. The company has a market cap of $303.23 billion, a P/E ratio of 13.14 and a beta of 1.49. The stock declined 0.10% or $0.1 reaching $96.74 on the news. Silvercrest Asset Management Group Ltd Limited Liability Company reported 0.01% of its portfolio in State Street Corp (NYSE:STT). The Argentiere Capital Ag holds 63,500 shares with $5.80M value, down from 83,500 last quarter. JPMorgan Chase & Co has $110 highest and $52 lowest target. Robert W. Baird reaffirmed a "hold" rating and set a $88.00 target price on shares of J P Morgan Chase & Co in a report on Thursday, September 21st. (NYSE:JPM) were released by: Seekingalpha.com and their article: "JPMorgan flat after earnings topper" published on October 12, 2017 as well as Reuters.com's news article titled: "JPMorgan, Temasek lead $100 million investment in payments company Bill.com" with publication date: October 10, 2017.

Among 31 analysts covering JPMorgan Chase & Co (NYSE:JPM), 16 have Buy rating, 2 Sell and 13 Hold. Therefore 52% are positive. Klingenstein Fields & Communications reported 0.62% stake. Smith Graham Inv Advsr L P invested in 0.92% or 257,160 shares. J P Morgan Chase & Co accounts for about 3.7% of Private Wealth Partners LLC's holdings, making the stock its 6th biggest holding.

First American Bank increased its position in shares of JPMorgan Chase & Co. About 62,718 shares traded. Credit Agricole upgraded JPMorgan Chase & Co.

"For the third quarter, we expect the sluggish economic backdrop coupled with geopolitical uncertainty to weigh on bank results", Brian Kleinhanzl and a team of analysts at Keefe, Bruyette & Woods said in a Monday note. The firm has "Hold" rating given on Friday, July 7 by RBC Capital Markets. Washington Financial Bank reported 60,020 shares.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JPM. Columbia Asset Mngmt has invested 1.07% in JPMorgan Chase & Co.

Mairs & Power Inc increased United Fire Group (NASDAQ:UFCS) stake by 11,325 shares to 255,072 valued at $11.24M in 2017Q2. The firm earned "Hold" rating on Thursday, January 26 by Argus Research. These statements are based on the current beliefs and expectations of JPMorgan Chase's management and are subject to significant risks and uncertainties. (NYSE:JPM) earned "Hold" rating by BMO Capital Markets on Thursday, June 1. (NYSE:JPM). Mutual Ins Federation Of Agricultural Cooperatives has invested 0.09% in JPMorgan Chase & Co. ID now owns 29,847 shares of the financial services provider's stock worth $2,622,000 after buying an additional 327 shares during the period. Morgan Stanley (NYSE:MS) was raised too. Avalon Advsr Llc owns 276,121 shares for 0.84% of their portfolio. It also upped Snap (NYSE:SNA) stake by 28,972 shares and now owns 366,391 shares.

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