Lawsuit Alleges JPMorgan Chase Overcharged Crypto Buyers

Alfred Osborne
April 13, 2018

Other institutional investors and hedge funds have also modified their holdings of the company. Cls Ltd Liability Corporation has invested 0% in JPMorgan Chase & Co. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48.

Large investors have recently bought and sold shares of the business. Roundview Capital Llc owns 47,500 shares or 0.18% of their United States portfolio. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase during the third quarter worth $103,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase during the third quarter worth $102,000. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider's stock worth $830,000 after purchasing an additional 37 shares during the period. Finally, FDx Advisors Inc. raised its position in shares of JPMorgan Chase by 11.3% during the third quarter. The stock of JPMorgan Chase & Co. The situation, however, just got a little worse for the billionaire investment banker after JPMorgan Chase and Co had been slapped with a lawsuit on the exorbitant interest rates it allegedly charged a client who purchased cryptocurrency in Idaho. Now moving toward intermediate time frame, 50-day Moving average is more useful at showing position trading trends lasting 50 days. The company had Year Ago Sales of 25.59 Billion. 9,194 shares valued at $1.03 million were sold by Lake Marianne on Saturday, January 13. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion.

Keeping an eyeball on Gross profit Margin, Net profit Margin & Operating Margin, the Gross profit margin of N/A; the net profit margin of 35.10% while its Operating margin was 69.60% for JPMorgan Chase & Co.

When Tucker noticed there were substantial discrepancies in the Chase charges, he put a call through to their customer service department notifying them about unacceptable 'error, ' but the bank blatantly refused to remove the extra fees, even when they had failed to inform the customer beforehand, concerning any policy changes whatsoever. During the same quarter in the prior year, the firm posted $1.68 EPS.

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Technical Analysis of JPMorgan Chase & Co.: Technical indicators do not lead us to assume the stock will see more gains anytime soon. (NYSE:JPM) rating on Tuesday, October 3. Shareholders of record on Friday, April 6th will be paid a $0.56 dividend. The ex-dividend date is Thursday, April 5th. This represents a $2.24 annualized dividend and a dividend yield of 1.98%.

ROA ratio indicates how profitable a company is relative to its total assets. HSBC assumed coverage on JPMorgan Chase in a research report on Wednesday. Vining Sparks reissued a "buy" rating and set a $130.00 price target on shares of JPMorgan Chase in a research report on Friday, April 6th. Finally, Zacks Investment Research cut JPMorgan Chase from a "buy" rating to a "hold" rating in a research note on Tuesday, March 20th. Barclays Capital maintained it with "Overweight" rating and $105 target in Friday, October 13 report. (NYSE:JPM) earned "Buy" rating by RBC Capital Markets on Friday, January 12. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have assigned a buy rating to the company. J P Morgan Chase & Co has an average rating of "Hold" and an average target price of $77.05. BACON ASHLEY sold $1.84M worth of JPMorgan Chase & Co. Following the transaction, the chief executive officer now owns 479,882 shares in the company, valued at $53,866,754.50. The disclosure for this sale can be found here. (NYSE:JPM). Institute For Wealth Mgmt Limited Liability Corporation, a Colorado-based fund reported 15,588 shs. Company insiders own 0.88% of the company's stock.

As per the U.S Truth in Lending Act, credit card issuers are required to intimate customers of any changes in the terms of service in writing. It operates in four segments, as well as a Corporate segment. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

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