Is JPMorgan’s Upgrade Just What These Top Institutional Shareholders Wanted?

JPMorgan Chase (NYSE:JPM) continues to be shaken by the fallout from last year’s record trading loss, and it has been upgraded to stable from negative by Standard & Poor’s as the credit firm’s doubts about the “London Whale” episode eased. The bank “has successfully addressed our concerns regarding risk-management missteps in its chief investment office portfolio,” S&P stated via a statement about JPMorgan’s credit outlook. “Corrective actions should prevent additional issues from arising.” Chairman and Chief Executive Officer Jamie Dimon along with other top executives misled investors and dodged regulators as losses escalated on a “monstrous” derivatives bet, claims 301-page report released this month by the Senate Permanent Subcommittee on Investigations.

These institutional firms indicated owning shares of JPMorgan Chase in Q4 2012. They reported owning a total of 2.901 billion shares on 12/31/2012. The shares closed at $43.67 on 12/31/2012.

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Here are the ten largest positions in JPMorgan Chase at the end of December 31, 2012.

Vanguard Group Inc held 169,760,876 shares on 12/31/2012 worth $7,464,385,925. This brought the portfolio total to 0.93 percent.

State Street Corp held 164,992,861 shares on 12/31/2012 worth $7,254,736,300. This brought the portfolio total to 1.05 percent.

Blackrock Institutional Trust Company N.A. held 104,197,061 shares on 12/31/2012 worth $4,581,544,899. This brought the portfolio total to 1.07 percent.

Wellington Management Co LLP held 104,126,743 shares on 12/31/2012 worth $4,578,453,017. This brought the portfolio total to 0.31 percent.

FMR LLC held 92,197,923 shares on 12/31/2012 worth $4,053,942,787. This brought the portfolio total to 0.73 percent.

Price T Rowe Associates Inc /MD/ held 73,182,828 shares on 12/31/2012 worth $3,217,849,036. This brought the portfolio total to 0.94 percent.

Northern Trust Corp held 58,295,410 shares on 12/31/2012 worth $2,563,249,249. This brought the portfolio total to 1.06%.

Bank of New York Mellon Corp held 53,874,791 shares on 12/31/2012 worth $2,368,874,626. This brought the portfolio total to 0.84 percent.

Massachusetts Financial Services Co /MA/ held 50,744,374 shares on 12/31/2012 worth $2,231,230,187. This brought the portfolio total to 1.76 percent.

Invesco Ltd. held 48,071,251 shares on 12/31/2012 worth $2,113,692,965. This brought the portfolio total to 1.12 percent.

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