Trump's tax cut sees JP Morgan profit up 35%

Jamie Dimon

The ratio worsened due to JPM positioning: 55 sold and 802 reduced. 142 funds took stakes and 611 increased stakes.

Those gains were driven by equities revenue, with JPMorgan posting record equities revenue of $2 billion and Citigroup posting a 38% gain in equities revenue to $1.1 billion. Marsico Capital Management Ltd Liability Corp has 499,475 shs. Avalon Ltd Liability Co has 349,530 shs. Duff Phelps Comm holds 0.06% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 7.38M shs. Boston Family Office Ltd Com reported 0.52% of its capital in JPMorgan Chase & Co. The financial services provider reported $1.76 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.69 by $0.07. Linden Advsr Limited Partnership holds 1.49% or 473,000 shs. (NYSE:JPM). Hartline Investment holds 14,907 shs or 0.44% of its capital. Rowland And Invest Counsel Adv has 8,541 shs. Regentatlantic Capital Ltd Liability holds 29,869 shares or 0.26% of its portfolio. (NYSE:JPM) or 3,783 shs on Saturday, January 13. Moors And Cabot holds 1.19% or 83,991 shs. (NYSE:JPM). Wealthtrust Fairport stated it has 1.21% of its capital in JPMorgan Chase & Co.

Provision for credit losses in the group totaled a benefit of $158 million, compared to a benefit of $96 million in the prior-year quarter. 2,099 shs valued at $214,019 were sold by Friedman Stacey on Wednesday, October 25. The insider Erdoes Mary E. sold 65,101 shs worth $7.31M. Campbell Newman Asset Management Inc.'s holdings in JPMorgan Chase were worth $25,670,000 at the end of the most recent quarter.

Shares of NYSE JPM opened at $113.37 on Friday. New York-based South Street Advisors Ltd has invested 0.08% in JPMorgan Chase & Co.

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Copeland Capital Management Llc increased its stake in Jpmorgan Chase (JPM) by 100.24% based on its latest 2017Q4 regulatory filing with the SEC. Temasek Holdings Private Ltd sold 88,112 shares as the company's stock rose 0.67% while stock markets declined. The company was upgraded on Wednesday, January 17 by DZ Bank. It reported that its income tax expense fell by $240 million, reflecting its lower income tax rate following the enactment of the Tax Cuts & Jobs Act in late December. $1.84 million worth of JPMorgan Chase & Co. The stock increased 0.76% or $0.86 during the last trading session, reaching $114.23.JPMorgan Chase & Co. has volume of 1.98M shares. (NYSE:JPM) has risen 23.99% since April 13, 2017 and is uptrending. The S&P 500 is down 0.36 percent year to date. Douglas Lane & Associates LLC now owns 760,306 shares of the financial services provider's stock worth $81,307,000 after acquiring an additional 54,121 shares in the last quarter.

A portfolio of $18.44B is managed by Swedbank.

Bloomberg has the details on JP Morgan's big quarter. The stock has an average rating of "Hold" and an average price target of $112.51. BP had 60 analyst reports since July 24, 2015 according to SRatingsIntel. On Wednesday, November 15 the firm earned "Hold" rating by Robert W. Baird. In a report issued on April 11, HSBC analyst Alevizos Alevizakos initiated coverage with a Hold rating on JPM and a price target of $111, which represents a slight downside potential from current levels. On Friday, January 12 the firm has "Buy" rating by RBC Capital Markets given. Bank of America maintained it with "Buy" rating and $119.0 target in Friday, January 12 report. Separately, on April 6, Vining Sparks' Marty Mosby maintained a Buy rating on the stock and has a price target of $130.

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