JPMorgan Chase & Co. (NYSE:JPM) – Stock analysts at Oppenheimer issued their FY2021 earnings estimates for JPMorgan Chase & Co. in a research report issued on Wednesday, November 6th. Oppenheimer analyst C. Kotowski forecasts that the financial services provider will post earnings of $11.27 per share for the year.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.45 by $0.23. The business had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.36 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.34 earnings per share.
A number of other research analysts have also recently issued reports on the company. Goldman Sachs Group reiterated a “neutral” rating and set a $117.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Royal Bank of Canada lifted their price objective on JPMorgan Chase & Co. to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Robert W. Baird boosted their price target on JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Credit Suisse Group set a $135.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, DZ Bank restated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $123.02.
NYSE:JPM traded up $0.38 during trading hours on Friday, reaching $130.38. 9,293,255 shares of the company traded hands, compared to its average volume of 12,174,789. The business’s 50-day moving average price is $120.77 and its two-hundred day moving average price is $114.02. The stock has a market capitalization of $404.92 billion, a P/E ratio of 14.49, a P/E/G ratio of 1.81 and a beta of 1.21. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $131.29. The company has a current ratio of 0.93, a quick ratio of 0.97 and a debt-to-equity ratio of 1.26.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a $0.90 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $3.60 annualized dividend and a dividend yield of 2.76%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s payout ratio is currently 40.00%.
In related news, CEO Daniel E. Pinto sold 64,198 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the completion of the sale, the chief executive officer now owns 451,481 shares in the company, valued at $59,103,377.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Giles sold 863 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $126.73, for a total value of $109,367.99. Following the sale, the insider now owns 8,949 shares of the company’s stock, valued at approximately $1,134,106.77. The disclosure for this sale can be found here. Insiders sold 152,944 shares of company stock valued at $19,088,970 in the last 90 days. Company insiders own 0.76% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Personal Wealth Partners bought a new stake in JPMorgan Chase & Co. during the second quarter valued at about $28,000. MRA Associates USA LLC bought a new stake in JPMorgan Chase & Co. during the second quarter valued at about $30,000. Global Trust Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 2,027.2% during the second quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 5,068 shares during the period. Bridger Capital Management LLC bought a new stake in JPMorgan Chase & Co. during the third quarter valued at about $33,000. Finally, Titan Capital Management LLC CA bought a new stake in JPMorgan Chase & Co. during the second quarter valued at about $35,000. Institutional investors own 71.90% of the company’s stock.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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