JPMorgan Chase & Co. (NYSE:JPM) Announces Quarterly Earnings Results, Beats Expectations By $0.35 EPS

JPMorgan Chase & Co. (NYSE:JPM) issued its quarterly earnings data on Friday. The financial services provider reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.35, MarketWatch Earnings reports. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The business had revenue of $29.26 billion for the quarter, compared to the consensus estimate of $29.78 billion. During the same period in the prior year, the business posted $3.79 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year.

NYSE JPM traded down $9.97 during trading on Friday, reaching $158.26. The company’s stock had a trading volume of 1,737,773 shares, compared to its average volume of 11,865,099. The business’s fifty day moving average price is $162.40 and its 200-day moving average price is $160.73. JPMorgan Chase & Co. has a twelve month low of $127.35 and a twelve month high of $172.96. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $467.70 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 2.82 and a beta of 1.13.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 31st. Shareholders of record on Thursday, January 6th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.53%. The ex-dividend date is Wednesday, January 5th. JPMorgan Chase & Co.’s payout ratio is currently 25.30%.

Several research analysts recently issued reports on JPM shares. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating and set a $185.00 price objective on the stock. in a research note on Tuesday, January 4th. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $193.00 to $202.00 and gave the stock an “overweight” rating in a report on Monday, January 3rd. Robert W. Baird restated a “hold” rating and set a $165.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, December 6th. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $166.00 to $184.00 and gave the stock an “underweight” rating in a research note on Monday, December 6th. Finally, Berenberg Bank set a $125.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, October 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $176.42.

Institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley grew its stake in shares of JPMorgan Chase & Co. by 1.4% in the 2nd quarter. Morgan Stanley now owns 38,288,577 shares of the financial services provider’s stock valued at $5,955,407,000 after purchasing an additional 510,298 shares during the last quarter. Eagle Capital Management LLC grew its position in JPMorgan Chase & Co. by 1.6% in the 2nd quarter. Eagle Capital Management LLC now owns 25,176 shares of the financial services provider’s stock valued at $3,916,000 after buying an additional 406 shares during the last quarter. Center for Financial Planning Inc. increased its stake in JPMorgan Chase & Co. by 1.7% in the 3rd quarter. Center for Financial Planning Inc. now owns 17,289 shares of the financial services provider’s stock valued at $2,830,000 after buying an additional 285 shares during the period. Finally, Keudell Morrison Wealth Management increased its stake in JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Keudell Morrison Wealth Management now owns 12,253 shares of the financial services provider’s stock valued at $2,006,000 after buying an additional 270 shares during the period. 69.32% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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