J P Morgan Chase & Co (NYSE:JPM) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of J P Morgan Chase & Co in a report issued on Tuesday. Jefferies Group analyst K. Usdin expects that the financial services provider will earn $1.78 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $102.00 target price on the stock. Jefferies Group also issued estimates for J P Morgan Chase & Co’s Q2 2018 earnings at $1.87 EPS, Q3 2018 earnings at $1.95 EPS and Q4 2018 earnings at $2.00 EPS.

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 for the quarter, beating the consensus estimate of $1.59 by $0.23. The company had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. J P Morgan Chase & Co’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 EPS.

COPYRIGHT VIOLATION WARNING: “Brokers Issue Forecasts for J P Morgan Chase & Co’s Q1 2018 Earnings (JPM)” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/11/brokers-issue-forecasts-for-j-p-morgan-chase-cos-q1-2018-earnings-jpm.html.

A number of other research analysts also recently weighed in on JPM. Bank of America Corporation reiterated an “outperform” rating and set a $99.00 price target on shares of J P Morgan Chase & Co in a report on Wednesday, June 21st. Credit Suisse Group lowered their price target on J P Morgan Chase & Co from $102.00 to $99.00 and set an “outperform” rating on the stock in a report on Thursday, June 29th. Deutsche Bank AG reiterated a “buy” rating on shares of J P Morgan Chase & Co in a report on Monday, July 3rd. BidaskClub upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $93.00 price target on shares of J P Morgan Chase & Co in a report on Thursday, July 6th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $88.87.

J P Morgan Chase & Co (NYSE JPM) traded down 0.78% during trading on Wednesday, reaching $96.37. The company’s stock had a trading volume of 1,630,979 shares. The company has a market capitalization of $339.08 billion, a P/E ratio of 14.22 and a beta of 1.18. J P Morgan Chase & Co has a 1-year low of $66.74 and a 1-year high of $97.64. The company’s 50-day moving average is $93.07 and its 200-day moving average is $89.60.

Several large investors have recently made changes to their positions in the business. Amarillo National Bank lifted its position in shares of J P Morgan Chase & Co by 19.6% in the third quarter. Amarillo National Bank now owns 24,381 shares of the financial services provider’s stock worth $2,329,000 after buying an additional 4,003 shares during the last quarter. Beacon Financial Group lifted its position in shares of J P Morgan Chase & Co by 17.8% in the third quarter. Beacon Financial Group now owns 6,082 shares of the financial services provider’s stock worth $581,000 after buying an additional 921 shares during the last quarter. McQueen Ball & Associates Inc. lifted its position in shares of J P Morgan Chase & Co by 3.7% in the third quarter. McQueen Ball & Associates Inc. now owns 39,596 shares of the financial services provider’s stock worth $3,782,000 after buying an additional 1,398 shares during the last quarter. Curbstone Financial Management Corp lifted its position in shares of J P Morgan Chase & Co by 86.9% in the third quarter. Curbstone Financial Management Corp now owns 28,594 shares of the financial services provider’s stock worth $2,731,000 after buying an additional 13,297 shares during the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new stake in shares of J P Morgan Chase & Co in the second quarter worth about $296,000. 77.89% of the stock is owned by institutional investors.

In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stacey Friedman sold 9,968 shares of the business’s stock in a transaction dated 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 directly owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The disclosure for this sale can be found here. Insiders sold 28,564 shares of company stock valued at $2,605,334 in the last ninety days. Insiders own 0.88% of the company’s stock.

The business also recently declared 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 is Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.31%. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s payout ratio is currently 33.14%.

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.

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

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.