First Citizens Bank & Trust 13F: Adds $7.1M to JPM Stake

First Citizens Bank & Trust recently boosted its stake in JPMorgan Chase & Co. (NYSE: JPM) by 18.7%. According to its latest Form 13F filing with the SEC, the bank added 21,441 shares, bringing its total holdings to 136,045 shares valued at approximately $45 million. These figures reflect the bank's holdings as of the reporting period and may not represent its current position.

What Changed in First Citizens Bank & Trust's JPMorgan Chase & Co. Position

First Citizens Bank & Trust increased its holdings in JPMorgan Chase & Co. by 21,441 shares, a move that represents an 18.7% increase. The bank now holds 136,045 shares, with the total value of this position reported at about $45 million.

JPMorgan Chase & Co. Stock Up 0.9%

Shares of NYSE:JPM have been trading with a market cap of $891 billion. The stock's P/E ratio stands at 14.07, with a forward P/E of 13.16, indicating investor expectations for earnings growth. The beta of 1.015 suggests the stock moves roughly in line with the market. Over the past year, JPMorgan Chase's stock has ranged between $279.10 and $366.50, with a 50-day moving average of $348.45 and a 200-day moving average of $322.29.

Recent Earnings

JPMorgan Chase & Co. reported revenue of approximately $190.7 billion, reflecting a 10.2% growth. The bank achieved a net margin of 34.59% and a return on equity of 18.01%. Its earnings per share were $23.84. Investors can look forward to the next earnings report on January 14, 2027.

Dividend

JPMorgan Chase & Co. offers an annual dividend yield of 1.97%, with a payout ratio of 25.71%. This provides investors with a consistent income stream while maintaining a portion of earnings for growth.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. is a leading global financial services firm headquartered in New York, NY. It operates in various segments, including Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management. The company offers a wide range of financial services, from consumer banking and credit cards to investment banking and asset management. Led by CEO James Dimon, JPMorgan Chase employs over 322,000 people worldwide.

Bottom Line

First Citizens Bank & Trust's recent increase in its JPMorgan Chase & Co. holdings highlights ongoing interest in the financial giant. Investors watch such filings to gauge institutional sentiment, though it's important to remember that 13F filings are backward-looking and may not reflect current positions. With its strong earnings and robust dividend, JPMorgan Chase remains a key player in the financial sector.