Brokerages expect that J P Morgan Chase & Co (NYSE:JPM) will report earnings of $1.70 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for J P Morgan Chase & Co’s earnings, with estimates ranging from $1.63 to $1.78. J P Morgan Chase & Co posted earnings of $1.58 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.6%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, October 12th.

On average, analysts expect that J P Morgan Chase & Co will report full year earnings of $6.82 per share for the current year, with EPS estimates ranging from $6.67 to $7.00. For the next year, analysts anticipate that the company will post earnings of $7.72 per share, with EPS estimates ranging from $7.35 to $8.05. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow J P Morgan Chase & Co.

J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The business had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same period last year, the company earned $1.55 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis.

A number of research firms recently commented on JPM. BidaskClub upgraded J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods increased their price objective on J P Morgan Chase & Co to $47.00 and gave the stock a “buy” rating in a report on Monday, April 17th. Vetr downgraded J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective on the stock. in a report on Monday, June 12th. Vining Sparks upgraded J P Morgan Chase & Co to an “outperform” rating and set a $95.00 price objective on the stock in a report on Thursday, April 27th. Finally, Zacks Investment Research downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $84.71.

J P Morgan Chase & Co (JPM) traded down 0.36% during midday trading on Tuesday, hitting $93.68. 13,745,366 shares of the company traded hands. J P Morgan Chase & Co has a 12-month low of $64.86 and a 12-month high of $95.22. The company has a market cap of $329.66 billion, a PE ratio of 13.82 and a beta of 1.19. The stock has a 50 day moving average price of $91.05 and a 200-day moving average price of $88.16.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 6th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, July 3rd. This represents a $2.00 annualized dividend and a yield of 2.13%. J P Morgan Chase & Co’s dividend payout ratio is currently 29.59%.

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In other J P Morgan Chase & Co news, insider Ashley Bacon sold 6,514 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $87.21, for a total transaction of $568,085.94. Following the completion of the transaction, the insider now directly owns 47,384 shares in the company, valued at $4,132,358.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marianne Lake sold 17,596 shares of the 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. Insiders have sold 25,110 shares of company stock valued at $2,270,818 over the last quarter. Corporate insiders own 0.85% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shepherd Financial Partners LLC acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth $3,128,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of J P Morgan Chase & Co during the first quarter worth $1,367,000. Michael & Susan Dell Foundation acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth $42,343,000. Guggenheim Capital LLC raised its stake in shares of J P Morgan Chase & Co by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 1,234,560 shares of the financial services provider’s stock worth $106,530,000 after buying an additional 68,720 shares during the period. Finally, Israel Discount Bank of New York GFN acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth $1,857,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

About J P Morgan Chase & Co

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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Earnings History and Estimates for J P Morgan Chase & Co (NYSE:JPM)

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