Financial Sector Roundup; JPMorgan Chase (JPM) and Goldman Sachs (GS) Top Wall Street Forecasts – JPM, GS, BAC, GNW, PNFP

Investors reacted negatively to the financial stocks on Wednesday. Key movement were observed in Genworth Financial Inc (NYSE:GNW) and Pinnacle Financial Partners (NASDAQ:PNFP) on percentage gainers side while JPMorgan Chase & Co (NYSE:JPM) was most active stock.

JPMorgan Chase & Co, the biggest United States bank by assets, reported that profit in the fiscal Q4 soared 53% and surpassed analysts’ forecasts as mortgage revenue over doubled and the financial company set aside less for future losses.

JPMorgan Chase & Co.’s YTD performance was recorded as 4.71% while its market capitalization was $177.98 billion. The company has P/B ratio of 0.89 while P/E ratio was booked as 9.94. Institutional ownership owns 72.67% shares of the company while beta factor, which is used to measure riskiness of the security, was 1.39. Net profit margin of the company was 20.37%.

Goldman Sachs Group, Inc (NYSE:GS) stock hiked to record high in 10 months after quarterly profit surpass forecasts and full-year revenue moved up for the primary time since 2009.

Shares of bank surged 4.1% to $141.09 at 4:09 PM in New York and marked the key boost since March 13. The bank announced fiscal Q4 earnings over tripled to $5.60 per share, beating even the record high forecasts of 26 analysts polled by Bloomberg.

Goldman Sachs Group, Inc. has market capitalization of $66.30 billion. Its debt to equity ratio was 6.02 while its shares were looking forward SMA50 with 14.58. The company offered earnings per share of 10.39 while its 469.94 million shares were outstanding. YTD performance of the stock was 10.61%.

Bank of America Corp (NYSE:BAC) has the market capitalization of $126.97 billion. The company’s EPS was 0.36 while its 10.78 billion shares were outstanding. Its institutional ownership was 55.55%. Shares of the company were moving ahead of SMA50 with 11.82% while its YTD performance was 1.46%.

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