Wall Street brokerages predict that JPMorgan Chase & Co. (NYSE:JPM) will announce $27.39 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for JPMorgan Chase & Co.’s earnings, with the lowest sales estimate coming in at $26.89 billion and the highest estimate coming in at $27.88 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 11%. The firm is expected to report its next earnings results on Thursday, April 12th.
According to Zacks, analysts expect that JPMorgan Chase & Co. will report full-year sales of $27.39 billion for the current fiscal year, with estimates ranging from $106.27 billion to $109.40 billion. For the next year, analysts forecast that the firm will report sales of $113.22 billion per share, with estimates ranging from $110.33 billion to $114.99 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for JPMorgan Chase & Co..
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 EPS.
JPMorgan Chase & Co. (JPM) opened at $116.25 on Wednesday. The firm has a market capitalization of $403,804.31, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 1.98 and a beta of 1.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $119.33.
In other JPMorgan Chase & Co. news, insider Peter Scher sold 26,532 shares of the company’s 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 17,729 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total value of $1,991,498.57. Following the completion of the sale, the general counsel now owns 21,260 shares in the company, valued at approximately $2,388,135.80. The disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock worth $17,098,115 in the last quarter. Corporate insiders own 0.88% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JPM. Janus Henderson Group PLC raised its stake in JPMorgan Chase & Co. by 517.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after buying an additional 4,654,113 shares during the period. Stifel Financial Corp increased its holdings in JPMorgan Chase & Co. by 9,301.6% during the 3rd quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock worth $415,662,000 after purchasing an additional 4,305,449 shares in the last quarter. Alliancebernstein L.P. increased its holdings in JPMorgan Chase & Co. by 29.2% during the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after purchasing an additional 3,945,948 shares in the last quarter. Vanguard Group Inc. increased its holdings in JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after purchasing an additional 3,717,683 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in JPMorgan Chase & Co. by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after purchasing an additional 2,828,726 shares in the last quarter. Hedge funds and other institutional investors own 74.59% 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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