J P Morgan Chase & Co (JPM) to Release Earnings on Thursday

J P Morgan Chase & Co (NYSE:JPM) is set to post its quarterly earnings results before the market opens on Thursday, October 12th. Analysts expect J P Morgan Chase & Co to post earnings of $1.70 per share for the quarter.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. J P Morgan Chase & Co’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 earnings per share. On average, analysts expect J P Morgan Chase & Co to post $6.80 EPS for the current fiscal year and $7.56 EPS for the next fiscal year.

J P Morgan Chase & Co (JPM) opened at 96.36 on Thursday. J P Morgan Chase & Co has a 1-year low of $66.74 and a 1-year high of $97.44. The company has a 50-day moving average price of $92.40 and a 200-day moving average price of $89.33. The firm has a market cap of $339.04 billion, a P/E ratio of 14.21 and a beta of 1.18.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be paid a $0.56 dividend. The ex-dividend date is Thursday, October 5th. This represents a $2.24 annualized dividend and a yield of 2.32%. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 29.59%.

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Several research analysts have commented on JPM shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $92.00 target price on shares of J P Morgan Chase & Co in a research note on Wednesday, June 7th. BidaskClub upgraded J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Vetr downgraded J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price for the company. in a research note on Monday, June 12th. Bank of America Corporation restated an “outperform” rating and issued a $99.00 target price on shares of J P Morgan Chase & Co in a research note on Wednesday, June 21st. Finally, Credit Suisse Group cut their target price on J P Morgan Chase & Co from $102.00 to $99.00 and set an “outperform” rating for the company in a research note on Thursday, June 29th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $87.10.

In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the transaction, the insider now directly owns 3,783 shares in the company, valued at $345,350.07. The disclosure for this sale can be found here. Insiders sold a total of 28,564 shares of company stock worth $2,605,334 over the last ninety days. Insiders own 0.88% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of J P Morgan Chase & Co by 1.5% in 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 buying an additional 3,717,683 shares during the last quarter. Northern Trust Corp grew its position in shares of J P Morgan Chase & Co by 1.8% in the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after buying an additional 847,463 shares during the last quarter. Capital Research Global Investors grew its position in shares of J P Morgan Chase & Co by 2.5% in the 2nd quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after buying an additional 765,082 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of J P Morgan Chase & Co by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock worth $2,621,677,000 after buying an additional 176,306 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of J P Morgan Chase & Co by 29.2% in 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 buying an additional 3,945,948 shares during the last quarter. Hedge funds and other institutional investors own 77.90% of the company’s stock.

J P Morgan 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.

Earnings History for J P Morgan Chase & Co (NYSE:JPM)

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