Jpmorgan Chase Stock News

Members Capital Advisors Inc. grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 18.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,881 shares of the financial services provider’s stock after buying an additional 1,842 shares during the period. JPMorgan Chase & […]

Westbourne Investment Advisors Inc. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,390 shares of the financial services providers stock after purchasing an additional 130 shares during the quarter. Westbourne Investment []

DoJ Targets Hedge Funds With Investigation Into Short Selling As far as we can tell, cracking down on short sellers has typically been associated with authoritarian governments (like in China, which has arrested market selloffs by throwing shorts in to a "reeducation camp") as well as those trying to cover up their own aggressive malfeasance (like when German regulators chose to investigate and pursue short sellers and journalists instead of Wirecard, a former fintech darling that was eventually exposed as a massive fraud ). But now, the practice is coming to the US. Just as hedge funds are dumping shares to retail while corporate insiders sell shares back to their own companies, the DoJ is reportedly launching a broad-based probe into hedge-fund short selling, with prosecutors with the DoJ''s fraud group based in LA leading the charge into firms that collaborate with researchers to pull off "short and distort" plays that can quickly earn tens of millions of dollars in "alpha" for their LPs.

Photo illustration by Jakub Porzycki/NurPhoto via Getty Images Photo illustration by Jakub Porzycki/NurPhoto via Getty Images Wall Street can now keep an eye on retail-trader

The "Through the Retail Lens" tool tracks social media activity and predicts short-squeeze opportunities, Bloomberg reported.

The Berkeley Group (LON:BKG) had its price objective raised by stock analysts at JPMorgan Chase & Co. from GBX 5,500 ($72.93) to GBX 5,540 ($73.47) in a research note issued to investors on Friday, Analyst Ratings Network reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would […]

JPMorgan Chase & Co. lowered shares of Altice USA (NYSE:ATUS) from an overweight rating to a neutral rating in a research report report published on Thursday, Price Targets.com reports. The brokerage currently has $20.00 target price on the stock, down from their prior target price of $25.00. Other research analysts have also recently issued research []

Judge Orders JPM To Re-Hire Trader Wrongfully Fired Over "Spoofing" Scandal Paging Nat Sarao. While Sarao, the independent day trader who was arrested and charged with causing the May 2010 flash crash years ago, finished serving his house arrest sentence earlier this year (and is presumably still living with his parents in their West London home), a London judge has just handed down an extremely favorable ruling in an employment case brought by a former JP Morgan trader. The trader, who was fired by the bank for allegedly participating in "spoofing" - the same technique used by Sarao to manipulate futures markets - claimed that the megabank had wrongfully fired him in order to make it look like JPM was "cleaning house" in the wake of a spoofing scandal that cost the bank nearly $1 billion in penalties. Now, the employment tribunal has ruled that JPM must re-hire Bradley Jones, the trader who brought the complaint against his former employer, in a role that would pay him roughly $600K a year, in addition to compensating him with back pay stretching back to his termination in early 2020.

JPMorgan Chase & Co. upgraded shares of Clariant (OTCMKTS:CLZNF) to a hold rating in a report issued on Tuesday, Price Targets.com reports. JPMorgan Chase & Co. currently has $18.80 price target on the stock. Clariant stock opened at $19.49 on Tuesday. The firms 50-day moving average is $19.88 and its two-hundred day moving average is []

State Street Corp purchased a new stake in shares of Union Bankshares, Inc. (NASDAQ:UNB) in the second quarter, HoldingsChannel reports. The firm purchased 6,112 shares of the banks stock, valued at approximately $221,000. Several other institutional investors and hedge funds also recently made changes to their positions in UNB. JPMorgan Chase & Co. increased its []

Robert W. Baird reiterated their hold rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research report sent to investors on Monday morning, Analyst Price Targets reports. They currently have a $165.00 target price on the financial services providers stock. Several other equities research analysts have also commented on the stock. Jefferies Financial []

Phillips 66 (NYSE:PSX) was upgraded by analysts at JPMorgan Chase & Co. from a neutral rating to an overweight rating in a report released on Wednesday, Analyst Price Targets reports. The brokerage presently has a $93.00 price objective on the oil and gas companys stock, up from their prior price objective of $83.00. JPMorgan Chase []