Pompano Beach, FL -- (SBWIRE) -- 01/16/2013 -- No Limit Stocks - NOLIMITSTOCKS.com covers all the latest on up and coming stocks in the market. No limit Stocks team contain experts that study and analyzes the stock market and help individuals break through the limits and make them better & more successful investors.
JPMorgan Chase & Co. (NYSE:JPM) announced on Wednesday that its Q4 profit had increased 53%, marking a third consecutive year of record income for the US banking titan.
The biggest US bank announced that net income increased to US$5.7 billion in the final three months of previous year from US$3.7 billion in the year-before period.
Can Investors Bet on JPM after this News update? Find out in this Research Report
For the complete year, JPMorgan announced a record profit of US$21.3 billion, higher from US$19.0 billion in 2011, and highlighted what was the third straight year of record profits.
The earnings remained $1.39 a share in the Q4 which were well higher than the market consensus forecast of $1.16.
So far today, JPMorgan Chase & Co. (NYSE:JPM) shares moved up +0.13% to $46.41 while the stock is changing hands within a range of $45.57 – $46.53. In the past year, the stock has traded between $30.83 and $46.53. Its average daily trading volume is 23.45 million shares.
Will JPM Continue To Move Higher? Find Out Here
Looking at other stocks within industry, Mitsubishi UFJ Financial Group Inc, TCF Financial Corporation , and Bank of Montreal were in the decliners list. Let’s have a quick look on their Market performance.
Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) shares are down -1.84% to $5.34 while the stock is trading within the range of $5.29– $5.34 in the current trading session. In the last 12 months, shares have floated between $4.16 and $5.57. This stock, on average, has trading volume of 2.07 million shares.
Why Should Investors Buy MTU After the Recent Fall? Just Go Here and Find Out
In this session so far, TCF Financial Corporation (NYSE:TCB) shares moved down -0.39% reaching $12.70. The stock is trading in a range of $12.62 – $12.74. In the last year the stock has moved within a range of $9.59 – $12.97. The Company’s average daily trading volume is 1.37 million shares.
Has TCB Found The Bottom And Ready To Gain Momentum? Find Out Here
Another rival company, Bank of Montreal (USA) (NYSE:BMO), is trending -0.38% lower to $63.30. The stock price is hovering in range of $63.14 to $63.37. In the previous 52 weeks, shares price ranged between $50.95 and $63.57. Their average daily trading volume is 518,914 shares.
Has BMO Found The Bottom and Ready To Move Up? Find Out Here
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