First Hawaiian Bank Buys New Position in JP Morgan Chase & Co (JPM)

First Hawaiian Bank Buys New Position in JP Morgan Chase & Co (JPM)”

J P Morgan Chase & Co comprises approximately 0.9% of Bank of The West's holdings, making the stock its 25th largest position. Pacific Center for Financial Services bought a new stake in J P Morgan Chase & Co during the fourth quarter worth about $106,000. Waldron LP now owns 21,608 shares of the financial services provider's stock worth $1,897,000 after buying an additional 4,561 shares in the last quarter. Paradigm Financial Advisors LLC raised its stake in shares of J P Morgan Chase & Co by 0.3% in the first quarter. ("JPMorgan Chase" or the "Firm") reported 2017 second quarter net income of $7.0 billion, or $1.82 per share, compared with net income of $6.2 billion, or $1.55 per share, in the second quarter of 2016. The correct version of this news story can be viewed at Asset Management Group Inc. now owns 3,184 shares of the financial services provider's stock valued at $275,000 after buying an additional 22 shares during the last quarter.

Evanson Asset Management LLC raised its position in J P Morgan Chase & Co (NYSE:JPM) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. Cypress Wealth Advisors LLC now owns 9,895 shares of the financial services provider's stock worth $854,000 after buying an additional 27 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in shares of J P Morgan Chase & Co by 5.8% in the first quarter. Hunter Associates Investment Management LLC now owns 4,351 shares of the financial services provider's stock worth $375,000 after buying an additional 29 shares in the last quarter. Finally, Keefe, Bruyette & Woods reissued a "hold" rating and set a $92.00 target price on shares of J P Morgan Chase & Co in a research report on Wednesday, June 7th. The firm has a market capitalization of $330.72 billion, a price-to-earnings ratio of 14.33 and a beta of 1.19. $80.82's average target is -13.19% below currents $93.1 stock price. Analysts had forecast EPS of $1.58 per share, according to Bloomberg.

JP Morgan's return on common equity improved from 10% one year ago to 12%, while its return on tangible common equity rose from 13% to 14%.

Revenue: $26.41 billion versus $24.96 billion estimated by Thomson Reuters analysts' consensus. -Earnings Growth (Y-o-Y): 13.4% -EPS (Q2): $1.82 vs. $1.55 past year.

Trading revenue fell for the first time in five quarters as volatility hit multi-year lows, but the drop was not as bad as expected by a company executive in the run-up to the results.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Monday, July 3rd. J P Morgan Chase & Co's payout ratio is now 30.82%. If you are reading this report on another site, it was illegally stolen and republished in violation of USA & global copyright & trademark law.

Several brokerages have recently issued reports on JPM. Deutsche Bank AG reaffirmed a "buy" rating on shares of J P Morgan Chase & Co in a research note on Monday, July 3rd. (NYSE:XCO), 1 have Buy rating, 0 Sell and 1 Hold. The stock has an average rating of "Hold" and a consensus price target of $84.05.

In related news, COO Matthew E. Zames sold 3,405 shares of the stock in a transaction dated Monday, April 17th. (NYSE:JPM) shares with value of $1.09 million were sold by Lake Marianne. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Following the completion of the sale, the chief operating officer now directly owns 329,019 shares of the company's stock, valued at approximately $27,986,356.14.

JPMorgan said Friday that it earned a profit of $7.03 billion, or $1.82 per share, compared with $6.20 billion, or $1.55 a share, in the same period a year earlier. Institutional investors own 74.24% of the company's stock. These holdings make up 73.67% of the company's outstanding shares.

J.P. Morgan, run by Chief Executive James Dimon, is one of a trio of big banks kicking off second-quarter earnings season for US financial institutions. The Firm operates through Web services and products segment.

Another recent and important SEI Investments Company (NASDAQ:SEIC) news was published by which published an article titled: "Initiating Research Reports on Asset Management Equities - Prospect Capital ..." on July 05, 2017.

Consumer and business banking revenue +13% to $5.2B. It fall, as 69 investors sold JPM shares while 807 reduced holdings.

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