JPMorgan posts record profit in 1Q, helped by lower taxes

Drew Angerer  Getty

Drew Angerer Getty

The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Everett Harris & Company bought 17,680 shares as the company's stock rose 5.01% while stock markets declined. The institutional investor held 3.66 million shares of the business services company at the end of 2017Q4, valued at $417.37 million, up from 3.29M at the end of the previous reported quarter. $389.57 billion is Jpmorgan Chase &'s market cap. About 19.97M shares traded. It has outperformed by 4.02% the S&P500.

In related news, Director James S. Crown bought 7,280 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, January 18th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.07. Dillon And Assocs has 0.72% invested in JPMorgan Chase & Co. The stock increased 2.49% or $2.75 during the last trading session, reaching $113.37. Wellington Grp Llp holds 48.72M shares or 0.65% of its portfolio. (NYSE:JPM) for 1.27M shs. JPM outperformed the S&P500 by 12.44%. BidaskClub upgraded shares of Facebook from a buy rating to a strong-buy rating in a report on Wednesday, January 10th. Therefore 72% are positive.

GSM has been the subject of several other research reports. On Friday, February 2 the company was maintained by Morgan Stanley. The rating was maintained by Barclays Capital on Tuesday, August 23 with "Equal-Weight". On Monday, October 30 the stock rating was maintained by Stifel Nicolaus with "Buy". The stock rating was downgraded by Societe Generale to "Hold" on Tuesday, January 9. Its down 0.20, from 1.08 in 2017Q3. It dived, as 18 investors sold PSXP shares while 43 reduced holdings. 46 funds opened positions while 99 raised stakes. (NYSE:FDS). Hillsdale Invest Management stated it has 0% of its portfolio in FactSet Research Systems Inc.

JPMorgan Chase & Co. shares rose $1.89 (+1.67%) in premarket trading Friday.

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Investors sentiment increased to 1.05 in 2017 Q4. Srb accumulated 3,541 shares or 0.03% of the stock. (NYSE:V). Loring Wolcott Coolidge Fiduciary Advisors Llp Ma holds 1.34% of its portfolio in Visa Inc. Boston Research And Incorporated accumulated 8,853 shs. Trust Company Of Toledo Na Oh, Ohio-based fund reported 85,758 shares. This's net activity of $22.34 million. Insiders have sold 152,047 shares of company stock valued at $17,098,115 over the last 90 days.

Salient Capital Advisors Llc decreased its stake in Bp Plc (BP) by 39.59% based on its latest 2017Q4 regulatory filing with the SEC. Swedbank has cut its stake in Ihs Markit Ltd and also reduced its holding in Pioneer Natural (NYSE:PXD) by 79,740 shares in the quarter, for a total of 1.72 million shares. 3,783 shs were sold by Giles Nicole, worth $425,399 on Saturday, January 13. (NYSE:JPM) for 127,319 shs. The stock was sold at an average price of $112.33, for a total transaction of $1,991,498.57. 2,099 shs were sold by Friedman Stacey, worth $214,019. On Friday, January 12 the firm has "Buy" rating by RBC Capital Markets given. Beach Investment Management LLC. grew its holdings in shares of JPMorgan Chase & Co.by 1,117.4% during the second quarter. Its down 0.03, from 0.91 in 2017Q3. 611 grew stakes while 142 funds acquired stakes. Gw Henssler Associates Ltd holds 1.51% or 141,820 shares in its portfolio. Gofen And Glossberg Limited Liability Corp Il owns 341,969 shares. JPM has 1.98 million shares volume. The Massachusetts-based Eaton Vance Mgmt has invested 2.24% in JPMorgan Chase & Co. (NYSE:JPM). Bell National Bank & Trust holds 0.17% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 67,000 shs. (NYSE:JPM). Apg Asset Mngmt Nv owns 1.2% invested in JPMorgan Chase & Co. (NYSE:JPM), as the financial giant has reported record-setting quarterly profits. Dubuque Bancshares reported 170,979 shares.

JPMorgan Chase (NYSE:JPM) last released its quarterly earnings data on Friday, January 12th.

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