Wall Street brokers expect JPMorgan Chase & Co. (NYSE:JPM) to report earnings of $2.77 per share for the current quarter, according to Zacks Investment Research. Five analysts made earnings estimates for JPMorgan Chase & Co., with the lowest EPS estimate of $2.45 and the highest estimate of $3.09. JPMorgan Chase & Co. reported earnings of $4.50 per share in the same quarter last year, indicating a negative 38.4% year-over-year growth rate. The company is expected to announce its next quarterly earnings report before the market opens on Monday, January 1.
According to Zacks, analysts expect JPMorgan Chase & Co. to report annual earnings of $11.11 per share for the current fiscal year, with EPS estimates ranging from $10.50 to $12.10 . For the next fiscal year, analysts expect the company to report earnings of $12.42 per share, with EPS estimates ranging from $11.45 to $13.23. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that provide coverage for JPMorgan Chase & Co..
JPMorgan Chase & Co. (NYSE: JPM – Get a rating) last announced its results on Friday, January 14. The financial services provider reported earnings per share of $3.33 for the quarter, beating the Zacks consensus estimate of $2.98 by $0.35. The company posted revenue of $29.26 billion in the quarter, versus analyst estimates of $29.78 billion. JPMorgan Chase & Co. had a net margin of 38.00% and a return on equity of 19.01%. The company’s revenue for the quarter decreased 0.3% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $3.79.
A number of brokerages have recently released reports on JPM. Citigroup lowered its price target on JPMorgan Chase & Co. shares from $188.00 to $175.00 and set a “neutral” rating on the stock in a Tuesday, January 18 report. Royal Bank of Canada set a target price of $175.00 on shares of JPMorgan Chase & Co. in a report on Friday, January 14. Keefe, Bruyette & Woods lowered their price target on JPMorgan Chase & Co. shares from $166.00 to $157.00 and set a “market performance” rating on the stock in a Monday report January 17. Zacks Investment Research upgraded JPMorgan Chase & Co. shares from a “sell” to a “hold” rating and set a target price of $147.00 on the stock in a report released Monday, March 21. Finally, UBS Group set a target price of $197.00 on JPMorgan Chase & Co. shares in a Wednesday, March 2 report. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $172.00.
Hedge funds have recently increased or reduced their stakes in the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. increased its stake in JPMorgan Chase & Co. by 100.0% during the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 160 shares of the financial services provider worth $26,000 after buying an additional 80 shares in the last quarter. Lowe Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 230.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider worth $26,000 after buying 115 additional shares in the last quarter. Carroll Investors Inc bought a new position in JPMorgan Chase & Co. during the fourth quarter worth $30,000. MFA Wealth Advisors LLC bought a new position in JPMorgan Chase & Co. during the third quarter worth $32,000. Finally, Carolina Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 176.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider worth $37,000 after buying an additional 150 shares in the last quarter. 69.39% of the shares are held by hedge funds and other institutional investors.
NYSE: JPM traded $1.23 on Friday, hitting $141.92. 8,186,674 shares of the company were traded, against an average volume of 19,192,076. The company has a 50-day moving average price of $144.59 and a 200-day moving average price of $156.88. The company has a debt ratio of 1.16, a current ratio of 0.83 and a quick ratio of 0.83. JPMorgan Chase & Co. has a 52-week low of $127.27 and a 52-week high of $172.96. The company has a market capitalization of $419.06 billion, a P/E ratio of 9.25, a price-to-earnings growth ratio of 2.55 and a beta of 1.13.
The company also recently announced a quarterly dividend, which will be paid on Saturday, April 30. Shareholders of record on Wednesday, April 6 will receive a dividend of $1.00. The ex-dividend date is Tuesday, April 5. This represents a dividend of $4.00 on an annualized basis and a yield of 2.82%. JPMorgan Chase & Co.’s dividend payout ratio is currently 26.06%.
JPMorgan Chase & Co. Company Profile (Get a rating)
JPMorgan Chase & Co operates as a worldwide financial services company. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB) and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.
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