Brokerages Expect JPMorgan Chase & Co. (JPM) to Post $2.23 Earnings Per Share

Equities analysts expect JPMorgan Chase & Co. (NYSE:JPM) to report $2.23 earnings per share for the current quarter, according to Zacks. Three analysts have provided estimates for JPMorgan Chase & Co.’s earnings. The highest EPS estimate is $2.30 and the lowest is $2.10. JPMorgan Chase & Co. posted earnings of $1.76 per share during the same quarter last year, which suggests a positive year over year growth rate of 26.7%. The company is scheduled to report its next earnings report on Friday, January 11th.

On average, analysts expect that JPMorgan Chase & Co. will report full year earnings of $9.25 per share for the current year, with EPS estimates ranging from $9.10 to $9.31. For the next fiscal year, analysts anticipate that the company will post earnings of $10.06 per share, with EPS estimates ranging from $9.82 to $10.41. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.10. The firm had revenue of $27.26 billion for the quarter, compared to the consensus estimate of $27.20 billion. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. During the same quarter in the previous year, the firm earned $1.76 earnings per share.

A number of analysts recently commented on the stock. Wolfe Research assumed coverage on shares of JPMorgan Chase & Co. in a report on Tuesday, September 25th. They set an “outperform” rating on the stock. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, September 17th. Credit Suisse Group cut their target price on shares of JPMorgan Chase & Co. from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Friday. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. Finally, BMO Capital Markets lifted their target price on shares of JPMorgan Chase & Co. to $124.00 and gave the stock a “market perform” rating in a research report on Monday, October 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $123.64.

In other news, Director Mellody L. Hobson acquired 1,150 shares of the business’s stock in a transaction dated Friday, October 19th. The stock was acquired at an average price of $108.94 per share, with a total value of $125,281.00. Following the completion of the transaction, the director now directly owns 2,632 shares in the company, valued at approximately $286,730.08. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Hudson Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 44.4% in the first quarter. Hudson Capital Management LLC now owns 15,434 shares of the financial services provider’s stock valued at $1,697,000 after purchasing an additional 4,744 shares during the period. Evergreen Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 53.2% in the first quarter. Evergreen Capital Management LLC now owns 17,405 shares of the financial services provider’s stock valued at $1,914,000 after purchasing an additional 6,047 shares during the period. Norinchukin Bank The grew its holdings in JPMorgan Chase & Co. by 29.6% in the first quarter. Norinchukin Bank The now owns 344,850 shares of the financial services provider’s stock valued at $37,923,000 after purchasing an additional 78,798 shares during the period. Fisher Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 2.7% in the first quarter. Fisher Asset Management LLC now owns 5,003,395 shares of the financial services provider’s stock valued at $550,223,000 after purchasing an additional 130,408 shares during the period. Finally, IFM Investors Pty Ltd grew its holdings in JPMorgan Chase & Co. by 9.7% in the first quarter. IFM Investors Pty Ltd now owns 108,101 shares of the financial services provider’s stock valued at $11,888,000 after purchasing an additional 9,519 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

JPM stock traded down $1.90 during trading on Friday, reaching $103.29. 19,246,566 shares of the company were exchanged, compared to its average volume of 13,625,635. The company has a market cap of $361.01 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.70 and a beta of 1.10. JPMorgan Chase & Co. has a 52-week low of $102.20 and a 52-week high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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Earnings History and Estimates for JPMorgan Chase & Co. (NYSE:JPM)

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