Financial Sector Stocks in Views- J.P. Morgan Chase & Co., American Express Company, Lincoln National – The Cinema Post
Saturday , March 25 2017
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Financial Sector Stocks in Views- J.P. Morgan Chase & Co., American Express Company, Lincoln National

J.P. Morgan Chase & Co. (JPM) busy in negotiation to sell its oil-supply contract with a major Philadelphia refinery to Bank of America Corp., according news sources citing people familiar with the matter. J.P. Morgan has a contract with Philadelphia Energy Solutions under which it supplies the refinery by means of crude oil and credit, as well as it receives refined fuel products in return that it can trade. The refinery is one of the leading in the country, processing 330,000.

Whereas, American Express Company (NYSE:AXP) recently declared that insider Susan Sobbott uploaded 41,844 shares on the open market in a transaction. After this transaction, the insider now directly owns 25,254 shares in the company which worth at around $2,251,899. An average price of shares was $89.17 which were in deal that has a total worth of $3,731,229.48

On the other hand, Director at Lincoln National (NYSE:LNC), Patrick S. Pittard sold its 8,179 shares in a recent transaction. The stock has an average price of $54.26, which sold in this transaction with a total worth of $443,792.54. After the sale, now director directly owns 20,674 shares of the company’s stock, valued at around $1,121,771.