A number of other large investors have also recently made changes to their positions in the company. (NYSE:JPM) is 0.5 percent while its Performance (Week) is 0.15 percent and Performance (month) is at 2.35 percent.
The provision for credit losses was $864 million, down from $1.3 billion, due to net reserve releases in the current quarter of approximately $400 million across Consumer and Wholesale, versus reserve increases in the prior-year quarter. Following the transaction, the Director is left with a stake of 2.78 shares, now valued at $240. Starting with EPS for the final quarter of this year.
Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.47% during mid-day trading on Friday, reaching $86.29. Dividends are mostly given in terms of cash payments, property or as shares of stock. The corporation has a market cap of US$308.55 Billion. J P Morgan Chase & Co has an average rating of Buy and a consensus price target of $75.39.More news: Facing charges, Volkswagen agrees to pay $4.3 billion in emissions cheating scandal
J.P. Morgan, run by Chairman and Chief Executive James Dimon, is one of a trio of big banks kicking off the fourth-quarter earnings season for USA financial institutions, offering investors a snapshot of a quarter that analysts expect will be characterized by a welcome boost in trading. The financial services provider reported $1.71 EPS for the quarter, topping the Zacks' consensus estimate of $1.42 by $0.29. The Return on Equity (ROE) value stands at 9.5%. The company has the Market capitalization of $20.24 Billion. At the end of 2016, the retail wealth management business had $234.5 billion in assets, up 7% from $218.5 billion a year earlier. The business's revenue was up 8.3% on a year-over-year basis.
JPMorgan Chase & Co. shares rose $0.20 (+0.23%) in premarket trading Friday. This represents a $1.92 annualized dividend and a yield of 2.23%. J P Morgan Chase & Co's payout ratio is 33.10%. (NYSE:JPM)'s fourth quarter results though mutedly. Keefe, Bruyette & Woods restated an outperform rating and issued a $88.00 target price (up from $77.00) on shares of J P Morgan Chase & Co in a research note on Wednesday, November 30th. Compass Point started coverage on J P Morgan Chase & Co in a report on Tuesday, October 11th. They presently have a $71.00 price objective on the financial services provider's stock. The company now has a consensus rating of Buy and a consensus target price of $75.39. JPMorgan Chase & Co. makes up approx 0.20% of Northstar Group's portfolio. The mean price target for the company's stock is $85.76 while the highest price target suggested by the analysts is $102.00 and low price target is $50.00. It has met expectations 0 times and missed earnings 4 times. The stock presently has an average rating of "Hold" and an average target price of $73.62. This resulted in adjusted earnings per share of $6.19 for the year which was above analysts' expectations. These ratios are important while doing valuation of the company or the shares of the company. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Meanwhile, Corporate Controller O'Donovan Mark sold 4,035 shares worth $278000.62, through a transaction dated 2016-10-26.