J P Morgan Chase & Co (NYSE:JPM) Forecasted to Earn FY2017 Earnings of $6.86 Per Share
J P Morgan Chase & Co (NYSE:JPM) – Investment analysts at Jefferies Group upped their FY2017 EPS estimates for J P Morgan Chase & Co in a research report issued to clients and investors on Monday. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will earn $6.86 per share for the year, up from their previous estimate of $6.50. Jefferies Group also issued estimates for J P Morgan Chase & Co’s FY2018 earnings at $7.60 EPS.
A number of other analysts also recently commented on the company. Bank of America Corporation restated a “buy” rating and issued a $99.00 target price on shares of J P Morgan Chase & Co in a research note on Monday. Credit Suisse Group upped their target price on J P Morgan Chase & Co from $102.00 to $103.00 and gave the stock an “outperform” rating in a research note on Friday. BidaskClub downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Buckingham Research restated a “neutral” rating and issued a $100.00 target price (up previously from $94.00) on shares of J P Morgan Chase & Co in a research note on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $93.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty have assigned a buy rating to the company’s stock. J P Morgan Chase & Co presently has an average rating of “Buy” and an average target price of $84.75.
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J P Morgan Chase & Co (JPM) opened at 91.39 on Tuesday. The stock’s 50 day moving average price is $85.98 and its 200-day moving average price is $87.09. The stock has a market capitalization of $324.65 billion, a PE ratio of 14.07 and a beta of 1.19. J P Morgan Chase & Co has a 52-week low of $63.38 and a 52-week high of $94.51.
J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the previous year, the firm earned $1.55 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis.
A number of large investors have recently bought and sold shares of the company. Pacific Center for Financial Services acquired a new stake in J P Morgan Chase & Co during the fourth quarter valued at about $106,000. Northwest Quadrant Wealth Management LLC acquired a new stake in J P Morgan Chase & Co during the fourth quarter valued at about $125,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in J P Morgan Chase & Co during the fourth quarter valued at about $125,000. Glacier Peak Capital LLC acquired a new stake in J P Morgan Chase & Co during the fourth quarter valued at about $129,000. Finally, Tortoise Investment Management LLC boosted its stake in J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,283 shares during the period. 74.25% of the stock is owned by institutional investors.
In other J P Morgan Chase & Co news, Director James S. Crown bought 11,500 shares of the business’s stock in a transaction on Wednesday, April 19th. The stock was bought at an average price of $85.48 per share, with a total value of $983,020.00. Following the completion of the purchase, the director now directly owns 299,862 shares in the company, valued at $25,632,203.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $2.00 annualized dividend and a yield of 2.19%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is 29.59%.
J P Morgan Chase & Co Company Profile
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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