$26.83 Billion in Sales Expected for JPMorgan Chase & Co. (JPM) This Quarter

Wall Street analysts forecast that JPMorgan Chase & Co. (NYSE:JPM) will report sales of $26.83 billion for the current fiscal quarter, Zacks reports. Two analysts have made estimates for JPMorgan Chase & Co.’s earnings. The lowest sales estimate is $26.77 billion and the highest is $26.89 billion. JPMorgan Chase & Co. posted sales of $24.68 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The firm is expected to report its next quarterly earnings results on Thursday, April 12th.

On average, analysts expect that JPMorgan Chase & Co. will report full year sales of $26.83 billion for the current year, with estimates ranging from $106.27 billion to $108.15 billion. For the next fiscal year, analysts forecast that the business will post sales of $112.91 billion per share, with estimates ranging from $110.33 billion to $116.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. During the same quarter last year, the firm earned $1.71 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year.

Several research firms recently commented on JPM. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Thursday. DZ Bank raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Wells Fargo & Co set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Wednesday, January 17th. UBS Group reissued a “buy” rating and set a $125.00 price target (up previously from $119.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 16th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $125.00 price target (up previously from $120.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $105.81.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction dated 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 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 filing with the SEC, which is available at the SEC website. Also, insider Peter Scher sold 26,532 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 154,146 shares of company stock valued at $17,312,129. Corporate insiders own 0.88% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. lifted its position in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 12 shares during the period. IPG Investment Advisors LLC lifted its position in JPMorgan Chase & Co. by 0.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after acquiring an additional 17 shares during the period. Sunbelt Securities Inc. lifted its position in JPMorgan Chase & Co. by 0.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 26 shares during the period. Fort Pitt Capital Group LLC lifted its position in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock valued at $830,000 after acquiring an additional 37 shares during the period. Finally, Financial Consulate Inc. lifted its position in JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 44 shares during the period. 73.80% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. (NYSE:JPM) opened at $113.01 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $114.34. The company has a market cap of $392,110.00, a price-to-earnings ratio of 16.33, a P/E/G ratio of 1.93 and a beta of 1.22.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be given a $0.56 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio is 32.37%.

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About JPMorgan 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 JPMorgan Chase & Co. (NYSE:JPM)

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