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JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend on Tuesday, May 20th, AnalystRatingsNetwork reports. Shareholders of record on Thursday, July 3rd will be given a dividend of 0.40 per share on Thursday, July 31st. This represents a $1.60 dividend on an annualized basis and a yield of 2.97%.

A number of research firms have recently commented on JPM. Analysts at Jefferies Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Monday, May 12th. They now have a $65.00 price target on the stock, down previously from $68.00. On the ratings front, analysts at Morgan Stanley reiterated an “overweight” rating on shares of JPMorgan Chase & Co. in a research note on Monday, May 5th. They now have a $64.00 price target on the stock, down previously from $66.00. Finally, analysts at Citigroup Inc. cut their price target on shares of JPMorgan Chase & Co. from $72.00 to $68.00 in a research note on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $61.59.

JPMorgan Chase & Co. (NYSE:JPM) traded down 0.24% during mid-day trading on Tuesday, hitting $53.70. 12,355,211 shares of the company’s stock traded hands. JPMorgan Chase & Co. has a 1-year low of $50.06 and a 1-year high of $61.48. The stock has a 50-day moving average of $56.12 and a 200-day moving average of $56.80. The company has a market cap of $203.2 billion and a P/E ratio of 13.34.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 11th. The company reported $1.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.41 by $0.13. The company had revenue of $23.90 billion for the quarter, compared to the consensus estimate of $24.55 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. The company’s quarterly revenue was down 8.5% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post $5.40 EPS for the current fiscal year.

JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.

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