Is JPMorgan Chase & Co.’s Fuel For Real? The Stock Was Bought By Option Traders

 Is JPMorgan Chase & Co.'s Fuel For Real? The Stock Was Bought By Option Traders

In today’s session JPMorgan Chase & Co. (JPM) registered an unusually high (4,405) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious JPM increase. With 4,405 contracts traded and 1644 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: JPM161216C00078500 closed last at: $1.76 or 8% up. About 6.97M shares traded hands. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.95% since April 25, 2016 and is uptrending. It has outperformed by 17.93% the S&P500.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on January, 13 before the open. They expect $1.40 earnings per share, up 3.70% or $0.05 from last year’s $1.35 per share. JPM’s profit will be $5.01 billion for 14.02 P/E if the $1.40 EPS becomes a reality. After $1.58 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -11.39% negative EPS growth.

JPMorgan Chase & Co. (NYSE:JPM) Ratings Coverage

Out of 23 analysts covering JPMorgan Chase & Co (NYSE:JPM), 13 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 57% are positive. JPMorgan Chase & Co has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, January 11 by Goldman Sachs. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Overweight” rating by Atlantic Securities on Monday, January 18. Argus Research maintained the stock with “Buy” rating in Friday, January 15 report. The firm has “Overweight” rating given on Friday, January 15 by Atlantic Securities. The firm has “Buy” rating given on Wednesday, October 7 by Jefferies. Nomura maintained the shares of JPM in a report on Wednesday, September 7 with “Neutral” rating. The rating was upgraded by BMO Capital Markets to “Outperform” on Wednesday, September 16. Portales Partners downgraded the stock to “Underperform” rating in Monday, February 22 report. Jefferies maintained it with “Buy” rating and $78 target price in Tuesday, July 21 report. On Wednesday, July 13 the stock rating was initiated by Berenberg with “Sell”.

According to Zacks Investment Research, “JPMorgan Chase & Co. is a financial services firm. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. It offers various investment banking products and services, including advising on corporate strategy and structure, capital-raising in equity and debt markets, risk management, market-making in cash securities and derivative instruments, prime brokerage. It also offers consumer and business, and mortgage banking products and services that include checking and savings accounts, mortgages, home equity and business loans, and investments. JPMorgan Chase & Co. is headquartered in New York.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.01, from 0.98 in 2016Q1. The ratio fall, as 84 funds sold all JPMorgan Chase & Co. shares owned while 683 reduced positions. 100 funds bought stakes while 650 increased positions. They now own 2.60 billion shares or 1.74% less from 2.64 billion shares in 2016Q1.
Crystal Rock owns 132,349 shares or 6.09% of their US portfolio. Stoneridge Inv Prns Llc has invested 1.46% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Supplemental Annuity Collective Trust Of Nj holds 1.54% or 49,500 shares in its portfolio. Sei Invs last reported 0.5% of its portfolio in the stock. Keating Investment Counselors last reported 7,334 shares in the company. Livforsakringsbolaget Skandia Omsesidigt accumulated 511,492 shares or 1.41% of the stock. Moreover, Cypress Ltd Company has 0.07% invested in JPMorgan Chase & Co. (NYSE:JPM) for 3,322 shares. First Foundation Advisors, a California-based fund reported 6,548 shares. D L Carlson Investment Grp Incorporated holds 1.6% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 72,252 shares. Alley Ltd Liability Corporation last reported 95,682 shares in the company. Private Wealth Prtnrs Ltd Liability Corp owns 196,125 shares or 2.93% of their US portfolio. Evanson Asset Mgmt Ltd Liability Co last reported 0.09% of its portfolio in the stock. Alleghany Corp De has 4.16% invested in the company for 1.74 million shares. Provise Mngmt Group Inc Limited Liability reported 43,042 shares or 0.49% of all its holdings. Stockman Asset has 34,841 shares for 1.69% of their US portfolio.

Insider Transactions: Since July 15, 2016, the stock had 1 buying transaction, and 7 sales for $5.85 million net activity. The insider Smith Gordon sold 23,735 shares worth $1.52 million. $947,237 worth of shares were sold by Lake Marianne on Monday, October 17. Another trade for 40 shares valued at $2,781 was bought by JACKSON LABAN. Friedman Stacey sold $144,904 worth of stock or 2,099 shares. BACON ASHLEY sold $992,830 worth of stock. On Tuesday, October 25 the insider O’Donovan Mark sold $278,621. Zames Matthew E sold $255,059 worth of JPMorgan Chase & Co. (NYSE:JPM) on Friday, July 15.

JPMorgan Chase & Co. is a financial holding company. The company has a market cap of $280.86 billion. The Firm is engaged in investment banking, financial services. It has a 13.53 P/E ratio. It operates in four divisions, as well as a Corporate segment.

JPM Company Profile

JPMorgan Chase & Co. (JPMorgan Chase), incorporated on October 28, 1968, is a financial holding company. The Firm is engaged in investment banking, financial services for clients and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase’s activities are organized into four business divisions, as well as a Corporate segment. The Company’s divisions are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Company’s principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national banking association with branches in over 20 states, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national banking association that is the Company’s credit card-issuing bank. JPMorgan Chase’s principal nonbank subsidiary is J.P. Morgan Securities LLC (JPMorgan Securities), the Company’s the United States investment banking firm. The bank and nonbank subsidiaries of JPMorgan Chase operate nationally, as well as through overseas branches and subsidiaries, representative offices and subsidiary foreign banks. The Company’s principal operating subsidiary in the United Kingdom is J.P. Morgan Securities plc, a subsidiary of JPMorgan Chase Bank, N.A.

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