Wall Street brokerages expect J P Morgan Chase & Co (NYSE:JPM) to post sales of $24.99 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for J P Morgan Chase & Co’s earnings, with the lowest sales estimate coming in at $24.92 billion and the highest estimate coming in at $25.04 billion. J P Morgan Chase & Co reported sales of $24.67 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 1.3%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, October 12th.

On average, analysts expect that J P Morgan Chase & Co will report full-year sales of $24.99 billion for the current financial year, with estimates ranging from $99.58 billion to $103.84 billion. For the next fiscal year, analysts forecast that the company will post sales of $107.96 billion per share, with estimates ranging from $105.55 billion to $111.05 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover J P Morgan Chase & Co.

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

Several research analysts recently weighed in on the company. Royal Bank Of Canada reissued a “buy” rating and set a $95.00 price target on shares of J P Morgan Chase & Co in a research report on Friday, August 18th. Deutsche Bank AG lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating and upped their price target for the company from $90.00 to $96.00 in a research report on Tuesday, September 26th. BidaskClub lowered J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Berenberg Bank set a $65.00 price target on J P Morgan Chase & Co and gave the company a “sell” rating in a research report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods set a $96.00 price target on J P Morgan Chase & Co and gave the company a “hold” rating in a research report on Saturday, August 19th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $87.10.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $90.55, for a total value of $902,602.40. Following the completion of the sale, the general counsel now owns 10,527 shares in the company, valued at approximately $953,219.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the sale, the insider now owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The disclosure for this sale can be found here. Insiders sold a total of 28,564 shares of company stock valued at $2,605,334 in the last quarter. Corporate insiders own 0.88% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of J P Morgan Chase & Co by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after acquiring an additional 3,717,683 shares during the period. State Street Corp lifted its position in shares of J P Morgan Chase & Co by 0.8% in the 1st quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock worth $14,979,775,000 after acquiring an additional 1,357,194 shares during the period. Northern Trust Corp lifted its position in shares of J P Morgan Chase & Co by 1.8% in the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after acquiring an additional 847,463 shares during the period. Capital Research Global Investors lifted its position in shares of J P Morgan Chase & Co by 2.5% in the 2nd quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after acquiring an additional 765,082 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of J P Morgan Chase & Co by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock worth $2,621,677,000 after acquiring an additional 176,306 shares during the period. Institutional investors own 77.90% of the company’s stock.

J P Morgan Chase & Co (JPM) opened at 96.36 on Thursday. J P Morgan Chase & Co has a 1-year low of $66.74 and a 1-year high of $97.44. The firm has a market capitalization of $339.04 billion, a price-to-earnings ratio of 14.21 and a beta of 1.18. The stock has a 50 day moving average price of $92.40 and a 200 day moving average price of $89.33.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be given a $0.56 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.32%. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 29.59%.

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

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