J P Morgan Chase & Co (NYSE:JPM) – Jefferies Group reduced their Q4 2017 earnings estimates for shares of J P Morgan Chase & Co in a research report issued to clients and investors on Tuesday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings of $1.72 per share for the quarter, down from their previous forecast of $1.74. Jefferies Group has a “Buy” rating and a $102.00 price objective on the stock.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.10. The business had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 earnings per share. COPYRIGHT VIOLATION WARNING: This piece was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/12/brokers-offer-predictions-for-j-p-morgan-chase-cos-q4-2017-earnings-jpm.html.

A number of other research firms also recently weighed in on JPM. Buckingham Research reiterated a “neutral” rating and set a $100.00 target price (up previously from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Bank of America Corporation reiterated an “outperform” rating and set a $99.00 target price on shares of J P Morgan Chase & Co in a report on Wednesday, June 21st. Keefe, Bruyette & Woods set a $96.00 target price on J P Morgan Chase & Co and gave the stock a “hold” rating in a report on Saturday, August 19th. Credit Suisse Group reiterated a “buy” rating and set a $110.00 target price (up previously from $103.00) on shares of J P Morgan Chase & Co in a report on Monday. They noted that the move was a valuation call. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $93.00 target price 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 given a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $88.87.

Shares of J P Morgan Chase & Co (JPM) traded down 0.26% on Thursday, reaching $96.59. The company’s stock had a trading volume of 5,474,208 shares. J P Morgan Chase & Co has a 12-month low of $66.74 and a 12-month high of $97.64. The company’s 50 day moving average price is $93.22 and its 200 day moving average price is $89.65. The company has a market cap of $339.85 billion, a P/E ratio of 14.25 and a beta of 1.18.

Institutional investors have recently made changes to their positions in the stock. Private Vista LLC bought a new position in J P Morgan Chase & Co in the 2nd quarter worth $102,000. Pacific Center for Financial Services raised its holdings in J P Morgan Chase & Co by 14.5% in the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 177 shares during the period. Atlantic Trust LLC bought a new position in J P Morgan Chase & Co in the 2nd quarter worth $136,000. Ullmann Financial Group Inc. bought a new position in J P Morgan Chase & Co in the 1st quarter worth $148,000. Finally, Northwest Investment Counselors LLC bought a new position in J P Morgan Chase & Co in the 2nd quarter worth $165,000. 77.89% of the stock is currently owned by institutional investors.

In related news, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction 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 transaction, the general counsel now directly owns 10,527 shares in the company, valued at $953,219.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,564 shares of company stock worth $2,605,334. 0.88% of the stock is owned by insiders.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be issued a $0.56 dividend. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 33.14%.

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.

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

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