JPMorgan Chase & Co. Reveals 22% Advance In Q3 Profit

The shares were sold at an average price of $69.07, for a total transaction of $2,271,159.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Erdoes Mary E. sold 13,022 shares worth $899,426. The total value of the transaction was worth $371,320. The disclosure for this sale can be found here. JPMorgan Chase’s assets are now nearly 60 percent higher than they were pre-crisis.

Revenue from trading fixed income, currencies and commodities fell 22.6 percent to $2.93 billion. The stock had a trading volume of 15,231,938 shares. The stock has a 50 day moving average of $116.51 and a 200 day moving average of $129.99.

JPMorgan Chase & Co.is a financial holding company. JPMorgan’s Corporate division saw net income climb from $95 million last year to $1.7 billion in this year’s third quarter. Bright spots included equity trading, which boosted revenue 9 percent to $1.4 billion, and investment banking, where it rose 5 percent to $1.5 billion on higher advisory and debt underwriting fees.

Net Income for the quarter came in at $6.8 billion, indicating 22% YoY growth.

On a per share basis, the bank earned $1.68 per share, compared with $1.35 per share a year earlier.

The provision for credit losses was a benefit of $534 million, compared with a benefit of $19 million in the prior year, driven by a larger reduction in the allowance for loan losses reflecting continued improvement in home prices and delinquencies. This represents a $1.76 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, October 2nd.

Several analysts recently commented on the stock. Susquehanna cut their price objective on Cummins from $143.00 to $140.00 and set a neutral rating on the stock in a research note on Wednesday, July 29th.

By the Fed’s formula, JPMorgan is the USA bank whose failure would be the most catastrophic for the financial system because of its size, complexity, and connections to other lenders and institutions.

That one-two punch caused JPMorgan to suffered a 6% decline in revenue, the bank reported Tuesday.

The Western Union Company (NYSE:WU) reported that Hikmet Ersek, President and CEO, and Raj Agrawal, Executive Vice President and CFO, will host a webcast and conference call to discuss third quarter 2015 results on October 29, 2015 at 4:30 p.m. Eastern Time. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. The Community Banking & Business ‘s Consumer segment serves consumers and companies through private service at bank branches and through cellular, on-line, ATMs and phone banking.

The bank is likely to promote corporate treasury and cash management services, as well as asset management, for similar reasons, Katzke said.