JPMorgan Chase & Co. (JPM) Expected to Post Earnings of $2.24 Per Share

Equities research analysts expect that JPMorgan Chase & Co. (NYSE:JPM) will announce earnings per share of $2.24 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for JPMorgan Chase & Co.’s earnings, with the highest EPS estimate coming in at $2.36 and the lowest estimate coming in at $2.12. JPMorgan Chase & Co. reported earnings per share of $1.65 in the same quarter last year, which suggests a positive year over year growth rate of 35.8%. The business is scheduled to report its next quarterly earnings results on Thursday, April 12th.

According to Zacks, analysts expect that JPMorgan Chase & Co. will report full-year earnings of $8.78 per share for the current fiscal year, with EPS estimates ranging from $8.49 to $9.26. For the next financial year, analysts anticipate that the business will post earnings of $9.57 per share, with EPS estimates ranging from $8.97 to $10.63. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. The company had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 earnings per share.

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 11th. Deutsche Bank lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $90.00 to $96.00 in a research note on Tuesday, September 26th. Vining Sparks reaffirmed a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Finally, Nomura upped their price target on JPMorgan Chase & Co. from $87.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $105.81.

JPMorgan Chase & Co. (NYSE:JPM) opened at $113.01 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. The company has a market capitalization of $392,110.00, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $114.34.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 35.11%.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 65,101 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the sale, the chief executive officer now directly owns 479,882 shares in the company, valued at $53,866,754.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Scher sold 26,532 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. Insiders sold 154,146 shares of company stock worth $17,312,129 in the last three months. Insiders own 0.88% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of JPMorgan 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 worth $22,839,729,000 after acquiring an additional 3,717,683 shares in the last quarter. Northern Trust Corp grew its holdings in shares of JPMorgan Chase & Co. by 1.8% during the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after buying an additional 847,463 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of JPMorgan Chase & Co. by 2.5% during the second quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after buying an additional 765,082 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of JPMorgan Chase & Co. by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock worth $2,621,677,000 after buying an additional 176,306 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of JPMorgan Chase & Co. by 1.8% during the third quarter. Legal & General Group Plc now owns 18,083,319 shares of the financial services provider’s stock worth $1,727,118,000 after buying an additional 313,968 shares in the last quarter. Institutional investors own 73.78% of the company’s stock.

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JPMorgan 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 JPMorgan Chase & Co. (NYSE:JPM)

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