JPMorgan Quarterly Profit Down, But Results Beat Estimates

JPMorgan's earnings could rise by 14% in 2018 from tax reform

Baker Ellis Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,558,027 shares of the financial services provider's stock after selling 110,339 shares during the quarter. Camarda Fincl Advisors Limited Liability Corp owns 0.08% invested in JPMorgan Chase & Co. The other 34, though not evenly; between analysts who think you should buy Splunk Inc. versus those who think you should sell it. The legal version of this news story can be read at https://weekherald.com/2018/01/12/1st-source-bank-trims-stake-in-jpmorgan-chase-co-jpm.html.

The stock increased 0.13% or $0.03 during the last trading session, reaching $23.38.

Diamond Hill Capital Management Inc. reduced its holdings in shares of JPMorgan Chase & Co.

Prescott Group Capital Management Llc, which manages about $576.56 million and $490.52 million US Long portfolio, upped its stake in Stein Mart Inc (NASDAQ:SMRT) by 394,090 shares to 599,090 shares, valued at $779,000 in 2017Q3, according to the filing.

JPM is now overvalued by 2.12% relative to the average 1-year price target of $108.54 taken from a group of Wall Street Analysts. Motco has invested 1.12% of its portfolio in JPMorgan Chase & Co. Northwestern Mutual Wealth Mngmt Commerce owns 617 shares or 0% of their U.S. portfolio. Quantum Cap Mngmt stated it has 0.08% in JPMorgan Chase & Co. Daily price fluctuations affect a lot of traders, in order to stop that and fully focus on the stock, investors and traders prefer to use 200-day moving average.

The 27 analysts offering 12-month price forecasts for JPMorgan Chase & Co have a median target of 105.00, with a high estimate of 135.00 and a low estimate of 65.00.

JPMorgan is the first of the big banks to report in what is expected to be a unconventional earnings cycle for the industry, mostly on account of the late-arriving tax reform that has caused many banks to book losses on deferred tax assets that declined in value.

JPMorgan's earnings could rise by 14% in 2018 from tax reform
JPMorgan earnings top estimates despite sluggish trading

Pfizer Inc. (PFE) reported its last quarterly earnings on 9/29/2017 where the firm reported its Actual EPS of $0.67/share against the analyst consensus estimate of $0.65/share. Similarly, the company has Return on Assets of 5.8 percent, Return on Equity of 16.7 percent and Return on Investment of 7.8 Percent.

Net income of $6.7 billion, after adjustments for the tax law and other special items. The stock spiked 4.08% last month and is up 3.1 this year.

Total net revenue rose 3% to USD24.15 billion from USD23.38 billion in the previous year.

She also suggested that the company could reward investors with more stock buybacks and increased dividends. Laurion Mgmt Ltd Partnership holds 0% or 5,100 shares. Citigroup maintained JPMorgan Chase & Co. FBR Capital maintained the shares of RAS in report on Friday, February 26 with "Outperform" rating. Finally, Societe Generale lowered JPMorgan Chase & Co. from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Credit Suisse Group upgraded shares of JPMorgan Chase & Co.to a "buy" rating and set a $120.00 price objective on the stock in a research note on Friday, January 5th. CBRE Group, Inc. (NYSE:CBG)'s market cap is $15027.85.

Texas Instruments Inc. (TXN) analysts on average have given a price target of $108.54 on TXN stock. RBC Capital Markets maintained the stock with "Buy" rating in Thursday, June 15 report. TransCanada Corporation has 5 buy ratings, 2 holds and 0 sells even after the stock tumbled -8.45% from its high of $51.85 to a $41.74 billion market value through last close. Also, the current price highlights a discount of 70.63% to analysts' high consensus price target.

In other news, CEO Douglas B. Petno sold 21,532 shares of the firm's stock in a transaction dated Wednesday, January 18th. A low price-to-sales ratio, typically less than 1.0, is considered a good value. Friedman Stacey sold 9,968 shares worth $902,608. Tiemann Invest Advsr Ltd Company has 2.11% invested in Johnson & Johnson (NYSE:JNJ) for 19,176 shares. The disclosure for this sale can be found here. About 17.60 million shares traded or 36.08% up from the average. The Earnings Yield for JPMorgan Chase & Co.

In a conference call, J.P. Morgan's chief financial officer, Marianne Lake, said the bank is still analyzing how the change to the tax code will affect its business lines, but stressed that all of its stakeholders, ranging from savings and checking account customers to borrowers and business clients, would share in the windfall. It operates in four segments, as well as a Corporate segment. JPMorgan anticipates a boost to investment banking revenues as well as corporate lending. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

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