Research Analysts Issue Forecasts for JPMorgan Chase & Co.’s Q1 2018 Earnings (JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Analysts at Jefferies Group increased their Q1 2018 EPS estimates for JPMorgan Chase & Co. in a research note issued to investors on Wednesday. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will post earnings of $2.26 per share for the quarter, up from their prior forecast of $2.12. Jefferies Group currently has a “Buy” rating and a $131.00 target price on the stock. Jefferies Group also issued estimates for JPMorgan Chase & Co.’s Q2 2018 earnings at $2.14 EPS, Q3 2018 earnings at $2.25 EPS, Q4 2018 earnings at $2.09 EPS, FY2018 earnings at $8.75 EPS and FY2019 earnings at $9.60 EPS.

Other equities analysts have also issued reports about the stock. Buckingham Research raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Nomura set a $115.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research report on Friday, January 12th. Vetr raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 target price on the stock in a research report on Tuesday, February 6th. Keefe, Bruyette & Woods raised shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 target price on the stock in a research report on Tuesday, February 13th. Finally, Argus raised their target price on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $109.67.

JPMorgan Chase & Co. (JPM) opened at $117.31 on Friday. The company has a market cap of $407,030.00, a P/E ratio of 18.39, a PEG ratio of 1.97 and a beta of 1.22. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $117.45. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. During the same period in the prior year, the company posted $1.71 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis.

A number of institutional investors and hedge funds have recently made changes to their positions in JPM. Vanguard Group Inc. lifted its stake in shares of JPMorgan Chase & Co. by 1.5% during the second 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 period. Northern Trust Corp lifted its stake in shares of JPMorgan Chase & Co. by 1.8% during the second 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 period. Bank of New York Mellon Corp lifted its stake in shares of JPMorgan Chase & Co. by 1.4% during the fourth quarter. Bank of New York Mellon Corp now owns 38,499,692 shares of the financial services provider’s stock worth $4,117,157,000 after buying an additional 530,709 shares during the period. Geode Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 37,112,305 shares of the financial services provider’s stock worth $3,960,594,000 after buying an additional 883,150 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of JPMorgan Chase & Co. by 2.5% during the second 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 period. Institutional investors own 73.02% of the company’s stock.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 17,729 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total value of $1,991,498.57. Following the completion of the sale, the general counsel now directly owns 21,260 shares in the company, valued at $2,388,135.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mary E. Erdoes sold 65,101 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the completion of the sale, the chief executive officer now owns 479,882 shares of the company’s stock, valued at $53,866,754.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is owned by insiders.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were paid a $0.56 dividend. The ex-dividend date was Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.91%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.11%.

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

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