Q4 2017 EPS Estimates for JPMorgan Chase & Co. (JPM) Raised by Jefferies Group

JPMorgan Chase & Co. (NYSE:JPM) – Equities research analysts at Jefferies Group raised their Q4 2017 earnings per share (EPS) estimates for shares of JPMorgan Chase & Co. in a research note issued on Monday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings of $1.78 per share for the quarter, up from their prior estimate of $1.74. Jefferies Group currently has a “Buy” rating and a $111.00 price target on the stock.

Several other research firms have also recently weighed in on JPM. Barclays increased their price objective on JPMorgan Chase & Co. from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Credit Suisse Group reiterated a “buy” rating and set a $110.00 price objective (up previously from $103.00) on shares of JPMorgan Chase & Co. in a research report on Monday, October 9th. They noted that the move was a valuation call. Oppenheimer reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $99.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Finally, Wells Fargo & Co set a $120.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $93.64.

JPMorgan Chase & Co. (JPM) opened at $110.25 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $382,540.00, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $110.70.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.58 EPS.

Large investors have recently added to or reduced their stakes in the stock. Private Vista LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at about $102,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at about $102,000. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at about $103,000. Legacy Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at about $106,000. Finally, Atlantic Trust LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at about $136,000. 73.76% of the stock is currently owned by institutional investors and hedge funds.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.88% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.14%.

COPYRIGHT VIOLATION NOTICE: “Q4 2017 EPS Estimates for JPMorgan Chase & Co. (JPM) Raised by Jefferies Group” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/11/q4-2017-eps-estimates-for-jpmorgan-chase-co-jpm-raised-by-jefferies-group.html.

About JPMorgan Chase & Co.

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply