Equities research analysts expect that J P Morgan Chase & Co (NYSE:JPM) will report sales of $24.80 billion for the current quarter, Zacks reports. Three analysts have made estimates for J P Morgan Chase & Co’s earnings. The highest sales estimate is $25.23 billion and the lowest is $24.56 billion. J P Morgan Chase & Co posted sales of $23.38 billion in the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The firm is expected to report its next earnings report on Friday, January 12th.

According to Zacks, analysts expect that J P Morgan Chase & Co will report full year sales of $24.80 billion for the current fiscal year, with estimates ranging from $99.80 billion to $104.01 billion. For the next fiscal year, analysts forecast that the business will post sales of $107.50 billion per share, with estimates ranging from $104.56 billion to $111.73 billion. Zacks’ sales 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 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 $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The company had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. During the same quarter in the prior year, the company posted $1.58 EPS. The firm’s revenue was up 2.6% on a year-over-year basis.

JPM has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $95.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Zacks Investment Research upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Thursday, August 24th. Vetr raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target for the company in a report on Wednesday, September 6th. Jefferies Group reaffirmed a “buy” rating and issued a $102.00 price target on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $110.00 price target (up previously from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $92.18.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.88% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC grew its holdings in J P Morgan Chase & Co by 517.3% during the second quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after purchasing an additional 4,654,113 shares during the period. Stifel Financial Corp boosted its stake in shares of J P Morgan Chase & Co by 9,301.6% in the third quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock valued at $415,662,000 after buying an additional 4,305,449 shares during the period. Alliancebernstein L.P. boosted its stake in shares of J P Morgan Chase & Co by 29.2% in the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock valued at $1,595,542,000 after buying an additional 3,945,948 shares during the period. Vanguard Group Inc. boosted its stake in shares of J P Morgan Chase & Co by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after buying an additional 3,717,683 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in J P Morgan Chase & Co by 40.8% during the second quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock valued at $892,886,000 after purchasing an additional 2,828,726 shares in the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.

Shares of J P Morgan Chase & Co (JPM) traded up $0.79 during trading hours on Friday, reaching $104.52. The company had a trading volume of 23,929,699 shares, compared to its average volume of 13,924,450. J P Morgan Chase & Co has a 1 year low of $78.39 and a 1 year high of $106.66. The company has a market cap of $351,691.41, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 2.20 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03.

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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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