Q2 2024 EPS Estimates for JPMorgan Chase & Co. Decreased by Zacks Research (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Research analysts at Zacks Research cut their Q2 2024 earnings per share estimates for JPMorgan Chase & Co. in a research note issued on Thursday, April 25th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $3.94 per share for the quarter, down from their prior estimate of $4.03. The consensus estimate for JPMorgan Chase & Co.’s current full-year earnings is $15.90 per share. Zacks Research also issued estimates for JPMorgan Chase & Co.’s Q3 2024 earnings at $3.81 EPS, Q4 2024 earnings at $3.41 EPS, FY2024 earnings at $15.79 EPS, Q1 2025 earnings at $3.94 EPS, Q2 2025 earnings at $4.07 EPS, Q3 2025 earnings at $3.96 EPS, Q4 2025 earnings at $4.04 EPS, FY2025 earnings at $16.00 EPS, Q1 2026 earnings at $4.09 EPS and FY2026 earnings at $17.10 EPS.

Other equities research analysts have also recently issued reports about the company. Oppenheimer cut their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Finally, UBS Group cut their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Trading Up 0.1 %

NYSE JPM opened at $193.50 on Friday. JPMorgan Chase & Co. has a 12 month low of $131.81 and a 12 month high of $200.94. The stock has a market cap of $555.75 billion, a P/E ratio of 11.68, a P/E/G ratio of 2.43 and a beta of 1.15. The stock’s fifty day moving average price is $190.36 and its 200-day moving average price is $170.57. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JPM. Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $6,016,878,000. International Assets Investment Management LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $1,017,893,000. Wellington Management Group LLP raised its stake in JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after purchasing an additional 4,603,090 shares during the period. Capital International Investors raised its stake in JPMorgan Chase & Co. by 5.4% during the 4th quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock valued at $7,062,094,000 after purchasing an additional 2,128,478 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $253,076,000. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the completion of the transaction, the insider now directly owns 44,956 shares in the company, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a $1.15 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.38%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.