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.

Plan would allow drug testing for food stamp recipients
Specifically, the plan would require drug testing for able-bodied adults with no dependents who are applying for certain jobs. And while nothing is set in stone as of yet, reports say that only five percent of snap users would be affected.

"High Definition Vinyl" Is Happening, Possibly as Early as Next Year
Cutting lathes and nickel-plated stampers to press vinyl are outdated and HD Vinyl will use lasers to etch a better "stamper". Assuming all goes according to plan, they are hoping to get the first HD vinyls into stores by the summer of 2019.

Wale Writes Touching Post After Speaking With Meek Mill
He is now serving up to four years due to probation violations, dating back to an drugs and weapons charge in 2007. Afterward, Kraft called for reform of the criminal justice system.

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.

Related News:



Most liked

Economic Watch: China records sound Q1 trade, surplus narrows
Soybean Export Council helped build demand for soybeans to the level of Chinese imports today", Heisdorffer said. Chinese imports increased by 14.4 per cent, leaving China with a US$4.98 billion trade deficit for the month.

76ers All-Star center confirmed out for Game 1 against Heat
The 76ers are arguably the hottest team in the league at the moment having ended the regular season with sixteen consecutive wins. There had to be multiple stretches this season when every Sixers fan wondered if they would ever see Markelle Fultz play.

Eight-Year-Old Rape Spreads Outrage Across The Country
Her strangled body was later found in the forest near the temple with one of the three suspected rapists said to be a policeman. Along with Asifa, the protesters were also demanding justice for the rape victim in Unnao , Uttar Pradesh.

Vontaze Burfict Officially Suspended Four Games
He appealed and it was denied and on Thursday, he was officially suspended by the league for the first four games of the year. This will be the third consecutive season in which Burfict is ineligible for a season opener because of a suspension.

Kathua rape case: PDP wants two BJP ministers out, may break alliance
The minor girl, who belonged to the nomadic Bakerwal Muslim community, had disappeared from her her house in Kathua on January 10. A week later, her body was found in the same area, and medical examination pointed towards sexual assault.

Stocks bounce as China blinks on trade
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 5, 2018. The Dow Jones industrial average fell 572 points Friday, and lost 0.7% of its value last week.

Royal Wedding: Meghan Markle's sister furious about not getting an invite
Based on interviews with Meghan's family, friends, teachers and colleagues, Morton's book claims to reveal the true story of her rise to royalty.

Woman arrested in death of deaf sister in California
We were told they were investigating a double suicide, an attempt, and one of the people died. Police are trying to extradite Blackstone to Los Angeles from Baltimore.

Track and Field Gears Up For Benedictine Relays
Hayden Stewart added an RBI single making the score 8-4 going into the bottom of the sixth inning. Otten was third in the 3,200-meter run in 14:24.20 while Allgaier was fourth in 14:33.30.

Sridevi wins first National Award, posthumously
The film was also recognised for original screenplay, while the best dialogues went to Odiya film " Hello Arsi ". Announcing Sridevi's name, feature film jury head Shekhar Kapur said the actor was the most deserving candidate.

Eintracht Frankfurt coach Niko Kovac set to join Bayern Munich
Niko Kovac will take over from Jupp Heynckes as the coach of Bayern Munich this summer, according to a report in Germany . With Thomas Tuchel rejecting Bayer, it appears that Bayern are struggling to negotiate with Julian Nagelsmann , too.

Black flags, 'Go back Modi' chants greet PM Modi at Chennai
Members of the Thamizhaga Vazhvurimai Katchi (TVK) were detained as they tried to enter the airport and climbed on hoardings. Urging the government to act fast, Hassan requested the government to take cognisance of the protests held in the state.

Thursday's Wake-Up Weather: Hot and windy today!
Friday night after sunset rain will begin to change to snow from west to east as the cold side of this storm system moves in. Southwest winds will stay a little breezy, but a big push of warm air will ride up the East Coast with that southwest breeze.

Ex-Gopher Whalen new Minnesota women's basketball coach
She was a three-time All-Big Ten selection who led the Gophers to their only Final Four berth in 2004. "I'm ready to get started". Whalen may end up helping the Lynx to another title as well, considering she isn't going to stop playing either.

Amazon drops the price of the popular Ring Video Doorbell to $99.99
Shipment deals might increase as this deal is pretty tempting and Amazon will move a lot of these video doorbells today. In terms of integrations, all of Ring's doorbells work with Alexa, Google Assistant, IFTTT, and Wink.