J P Morgan Chase & Co (NYSE:JPM) managed to eke out gains of 0.2% in intraday trade. Following the transaction, the chief financial officer now directly owns 5,282 shares of the company’s stock, valued at approximately $364,827.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
In this series, we look through the most recent Dividend Channel “DividendRank” report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The principal metric analysts and commentators use to assess this is a bank’s efficiency ratio, which communicates how much it costs a bank to generate $1 in earnings. Tegean Capital Management Llc is another bull as the institutional investor who is having 350,000 shares of JPMorgan Chase or 19.85% of their fund’s portfolio. Argus now has a buy rating on the financial services provider’s stock.
Just recently, Oppenheimer lowered its rating on JPMorgan to Perform from Outperform and removed its price target of $81. In March 2014, Aurora Oil & Gas Ltd announced that JPMorgan Chase & Co and its affiliates has ceased to be substantial shareholder of Aurora Oil & Gas. In comparing the stock’s current level to its extended history, the stock is trading -1.16% away from its 52-week high of 69.82 and +27.18% away from the stock’s low point over the past 52 weeks, which was 54.26. The stock has a 50-day moving average of $67.61 and a 200-day moving average of $62.69. The company has a market cap of $256,770 million. (NYSE:JPM) last released its earnings data on Tuesday, July 14th. Analysts had expected second-quarter earnings per share of $1.44 on revenue of $24.44 billion, according to FactSet.
The Corporate and Investment Bank segment recorded a 10% increase in net income to $2.3 billion but a 6% decline in net revenue to $8.7 billion. On a per share basis, the bank earned $1.54, compared with $1.46 a year earlier. Headcount at the bank was 237,459, down 3 per cent from a year earlier. This corresponds to an increase of $0.03 compared to the same quarter of the previous fiscal year.
Bank of America Corporation (NYSE:BAC) belongs to Financial sector. The Firm provides investment banking; financial services for consumers and small businesses; commercial banking; financial transaction processing; asset management and private equity.
The fall in revenue was due to lower mortgage banking revenue and lower CIB Markets revenue related to business simplification, partially offset by growth in asset management.