JPMorgan Chase 4Q results fall 37 percent, due to tax charge


The Cadinha & Co Llc holds 146,283 shares with $13.97 million value, down from 192,419 last quarter. The institutional investor held 406,057 shares of the major banks company at the end of 2017Q3, valued at $38.78M, up from 399,113 at the end of the previous reported quarter. (NYSE:JPM) has a market cap of $387.07 billion and over the last 12 months, JPM has risen by 27.29%. The stock decreased 6.86% or $0.84 during the last trading session, reaching $11.41. About 6.57M shares traded. It has underperformed by 21.16% the S&P500.

You can count JPMorgan Chase CEO Jamie Dimon as another big fan of President Trump's corporate tax cut - even though it cost his company more than $2 billion last quarter. Osterweis Capital Management Inc sold 47,800 shares as the company's stock declined 6.04% while stock markets rallied. The business had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. The stock increased 1.33% or $1.47 during the last trading session, reaching $112.31. About 13.27 million shares traded or 2.59% up from the average. (NYSE:JPM) has risen 33.74% since January 12, 2017 and is uptrending. It has outperformed by 17.04% the S&P500. Excluding the tax-law charge, net income would have been $6.7 billion, a drop of 1% year over year.

Investors sentiment decreased to 0.91 in 2017 Q3. Its up 0.19, from 0.75 in 2017Q2. 106 funds opened positions while 593 raised stakes. State Board Of Administration Of Florida Retirement holds 1.34% or 5.16M shares.

The Earnings to Price yield of JPMorgan Chase & Co. (NYSE:JPM) for 2.72 million shares. Alpha Windward stated it has 0.36% in JPMorgan Chase & Co. Fin Prns Cap Limited Liability Company holds 121,624 shares or 2.22% of its portfolio. Alliancebernstein L.P. increased its position in shares of JPMorgan Chase & 29.2% during the second quarter. Interocean Capital Ltd Com owns 69,114 shares for 0.98% of their portfolio. Pinnacle Ltd reported 20,613 shares. Jpmorgan Chase owns 0.33% invested in MetLife, Inc. (NYSE:JPM). 22,076 were reported by Partnervest Advisory Limited Liability Corp. Bard Assocs holds 0% or 14,000 shares in its portfolio. Roundview Capital Ltd Co holds 1.57% in JPMorgan Chase & Co. First Long Island Investors Ltd Company holds 5,903 shares.

Since August 21, 2017, it had 0 buys, and 2 selling transactions for $1.12 million activity.

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Analysts have given a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 53% are positive. CT Financial Advisors LLC increased its stake in J P Morgan Chase & Co by 4.2% in the third quarter.

JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $110.93. The firm earned "Buy" rating on Wednesday, October 19 by Deutsche Bank. Jefferies maintained the shares of JPM in report on Tuesday, July 21 with "Buy" rating. Jackson Grant Investment Advisers Inc. increased its stake in J P Morgan Chase & Co by 0.7% in the second quarter. The firm has "Neutral" rating by Nomura given on Wednesday, September 7. As per Monday, August 28, the company rating was maintained by Credit Suisse.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. The stock has "Neutral" rating by Macquarie Research on Friday, September 9. (NYSE:JPM) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The company was maintained on Friday, October 13 by Barclays Capital. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company. Therefore 56% are positive. RAIT Financial Trust had 13 analyst reports since August 3, 2015 according to SRatingsIntel. Jefferies maintained the shares of INTC in report on Tuesday, October 3 with "Sell" rating. The company was maintained on Monday, September 19 by Citigroup. The rating was maintained by RBC Capital Markets with "Sector Perform" on Monday, January 18. (NYSE:ESS) on Tuesday, May 30 with "Hold" rating.

JPMorgan's earnings per share would have been 17.5 percent higher past year if its taxes had been as low as they will be going forward, according to an estimate by Glenn Schorr of Evercore ISI, who rates JPMorgan shares "outperform". After $0.29 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth. (NASDAQ:PEP). Moreover, Commonwealth Of Pennsylvania Pub School Empls Retrmt System has 0.19% invested in Pepsico, Inc. Its down 0.28, from 1.19 in 2017Q2. (NYSE:MET). Pennsylvania stated it has 36,712 shares or 0.09% of all its holdings. 118 funds opened positions while 525 raised stakes. Btim holds 0.05% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 23,725 shares. Fayerweather Charles invested in 1.72% or 11,779 shares. Jpmorgan Chase & Communications accumulated 958,248 shares or 0.05% of the stock. Commonwealth Equity Ser Inc holds 739,429 shares.