Brokerages expect that JPMorgan Chase (NYSE:JPM) will post sales of $27.32 billion for the current quarter, according to Zacks. Two analysts have made estimates for JPMorgan Chase’s earnings, with estimates ranging from $26.98 billion to $27.66 billion. JPMorgan Chase posted sales of $25.47 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.3%. The business is expected to issue its next quarterly earnings results on Friday, April 13th.
On average, analysts expect that JPMorgan Chase will report full-year sales of $109.44 billion for the current year, with estimates ranging from $107.46 billion to $111.86 billion. For the next financial year, analysts forecast that the business will post sales of $114.24 billion per share, with estimates ranging from $111.57 billion to $117.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow JPMorgan Chase.
JPMorgan Chase (NYSE:JPM) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. JPMorgan Chase had a net margin of 22.53% and a return on equity of 12.60%. The company had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter last year, the company posted $1.65 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year.
Several brokerages have commented on JPM. Jefferies Group reissued a “buy” rating and issued a $122.00 price target on shares of JPMorgan Chase in a research report on Monday. Buckingham Research raised shares of JPMorgan Chase from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Nomura set a $115.00 price target on shares of JPMorgan Chase and gave the company a “neutral” rating in a research report on Friday, January 12th. Vetr raised shares of JPMorgan Chase from a “strong sell” rating to a “sell” rating and set a $102.07 price target for the company in a research report on Tuesday, February 6th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $110.00 price target on shares of JPMorgan Chase in a research report on Friday. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have assigned a buy rating to the stock. JPMorgan Chase currently has a consensus rating of “Hold” and an average target price of $112.10.
In related news, Director James S. Crown purchased 7,280 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were purchased at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the purchase, the director now directly owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 17,729 shares of JPMorgan Chase stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the sale, the general counsel now owns 21,260 shares in the company, valued at $2,388,135.80. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in JPM. Kohmann Bosshard Financial Services LLC purchased a new position in JPMorgan Chase during the 3rd quarter worth $102,000. Welch Investments LLC purchased a new position in JPMorgan Chase during the 3rd quarter worth $103,000. Financial Gravity Companies Inc. purchased a new position in JPMorgan Chase during the 4th quarter worth $104,000. Legacy Advisors LLC purchased a new position in JPMorgan Chase during the 3rd quarter worth $106,000. Finally, Keeler Thomas Management LLC purchased a new position in JPMorgan Chase during the 4th quarter worth $112,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.
Shares of JPM stock opened at $110.21 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase has a 52 week low of $81.64 and a 52 week high of $119.33. The company has a market capitalization of $378,545.09, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.86 and a beta of 1.24.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be paid a dividend of $0.56 per share. The ex-dividend date is Thursday, April 5th. This represents a $2.24 annualized dividend and a yield of 2.03%. JPMorgan Chase’s dividend payout ratio is currently 32.61%.
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About JPMorgan Chase
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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