Zacks: Analysts Expect JPMorgan Chase & Co. (JPM) Will Post Quarterly Sales of $26.83 Billion

Wall Street analysts expect JPMorgan Chase & Co. (NYSE:JPM) to announce sales of $26.83 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for JPMorgan Chase & Co.’s earnings, with the lowest sales estimate coming in at $26.77 billion and the highest estimate coming in at $26.89 billion. JPMorgan Chase & Co. reported sales of $24.68 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The company 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 financial year, with estimates ranging from $106.27 billion to $109.36 billion. For the next fiscal year, analysts anticipate that the company will report sales of $112.43 billion per share, with estimates ranging from $110.33 billion to $114.99 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow JPMorgan Chase & Co..

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

JPM has been the topic of a number of research reports. Vetr cut shares of JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective on the stock. in a research note on Wednesday, January 10th. Credit Suisse Group raised shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, January 5th. Vining Sparks reissued a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Thursday, January 18th. Finally, Bank of America set a $102.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $107.25.

In other JPMorgan Chase & Co. news, Director James S. Crown bought 7,280 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was purchased at an average price of $113.37 per share, with a total value of $825,333.60. Following the transaction, the director now owns 305,875 shares in the company, valued at $34,677,048.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mary E. Erdoes sold 65,101 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the sale, the chief executive officer now directly owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,047 shares of company stock worth $17,098,115. Insiders own 0.88% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of JPM. Jackson Grant Investment Advisers Inc. grew its position in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after buying an additional 12 shares in the last quarter. IPG Investment Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 0.3% during the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after buying an additional 17 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of JPMorgan Chase & Co. by 0.5% during the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after buying an additional 26 shares in the last quarter. Fort Pitt Capital Group LLC grew its position in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock worth $830,000 after buying an additional 37 shares in the last quarter. Finally, Financial Consulate Inc. grew its position in shares of JPMorgan Chase & Co. by 1.1% during the second quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock worth $372,000 after buying an additional 44 shares in the last quarter. 73.82% of the stock is owned by hedge funds and other institutional investors.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $112.87 on Thursday. The company has a market cap of $388,990.97, a PE ratio of 17.92, a P/E/G ratio of 1.90 and a beta of 1.23. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $117.35. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were issued a dividend of $0.56 per share. The ex-dividend date was Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.

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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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