Equities analysts forecast that J P Morgan Chase & Co (NYSE:JPM) will post earnings of $1.70 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for J P Morgan Chase & Co’s earnings, with estimates ranging from $1.66 to $1.75. J P Morgan Chase & Co posted earnings of $1.71 per share in the same quarter last year, which indicates a negative year over year growth rate of 0.6%. The business is expected to report its next earnings report before the market opens on Friday, January 12th.

According to Zacks, analysts expect that J P Morgan Chase & Co will report full year earnings of $6.91 per share for the current financial year, with EPS estimates ranging from $6.78 to $6.97. For the next year, analysts expect that the business will post earnings of $7.71 per share, with EPS estimates ranging from $7.45 to $8.05. Zacks’ earnings per share averages are an 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 posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 earnings per share.

JPM has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods set a $96.00 price target on shares of J P Morgan Chase & Co and gave the stock a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Thursday, August 24th. BMO Capital Markets restated a “hold” rating and issued a $86.00 price target on shares of J P Morgan Chase & Co in a report on Friday, August 25th. Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective for the company in a research note on Wednesday, September 6th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $102.00 price objective on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $92.18.

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

Several institutional investors have recently made changes to their positions in the stock. Rothschild Capital Partners LLC increased its holdings in J P Morgan Chase & Co by 0.5% in the 1st quarter. Rothschild Capital Partners LLC now owns 120,841 shares of the financial services provider’s stock worth $10,615,000 after buying an additional 592 shares during the period. Hennessy Advisors Inc. increased its holdings in J P Morgan Chase & Co by 6.3% in the 1st quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock worth $1,493,000 after buying an additional 1,000 shares during the period. Verity & Verity LLC increased its holdings in J P Morgan Chase & Co by 2.0% in the 1st quarter. Verity & Verity LLC now owns 98,169 shares of the financial services provider’s stock worth $8,624,000 after buying an additional 1,972 shares during the period. Swedbank increased its holdings in J P Morgan Chase & Co by 19.0% in the 1st quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock worth $462,130,000 after buying an additional 840,518 shares during the period. Finally, North Star Investment Management Corp. increased its holdings in J P Morgan Chase & Co by 0.7% in the 1st quarter. North Star Investment Management Corp. now owns 267,316 shares of the financial services provider’s stock worth $23,481,000 after buying an additional 1,779 shares during the period. 73.93% of the stock is owned by hedge funds and other institutional investors.

J P Morgan Chase & Co (JPM) traded up $1.48 during midday trading on Friday, hitting $106.14. 29,181,431 shares of the stock were exchanged, compared to its average volume of 13,738,846. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $368,276.72, a PE ratio of 15.29, a PEG ratio of 2.30 and a beta of 1.22. J P Morgan Chase & Co has a 12-month low of $81.64 and a 12-month high of $108.40.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, January 4th. J P Morgan Chase & Co’s payout ratio is 32.28%.

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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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