$28.21 Billion in Sales Expected for JPMorgan Chase & Co. (NYSE:JPM) This Quarter

Equities analysts forecast that JPMorgan Chase & Co. (NYSE:JPM) will announce sales of $28.21 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for JPMorgan Chase & Co.’s earnings, with estimates ranging from $28.06 billion to $28.36 billion. JPMorgan Chase & Co. posted sales of $27.26 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.5%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, October 15th.

On average, analysts expect that JPMorgan Chase & Co. will report full-year sales of $113.40 billion for the current fiscal year, with estimates ranging from $113.05 billion to $113.75 billion. For the next financial year, analysts anticipate that the business will report sales of $114.42 billion, with estimates ranging from $114.22 billion to $114.63 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.29 earnings per share.

A number of brokerages have recently commented on JPM. Goldman Sachs Group reiterated a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. DZ Bank reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, August 21st. Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Buckingham Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 target price for the company. in a research report on Monday, September 16th. They noted that the move was a valuation call. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $122.37.

In other news, Director Mellody L. Hobson acquired 18,200 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the acquisition, the director now owns 7,804 shares of the company’s stock, valued at approximately $857,737.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peter Scher sold 10,816 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,243,840.00. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Morse Asset Management Inc raised its stake in JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Morse Asset Management Inc now owns 5,781 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 86 shares during the last quarter. Harvey Investment Co. LLC raised its stake in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Harvey Investment Co. LLC now owns 21,596 shares of the financial services provider’s stock valued at $2,414,000 after purchasing an additional 90 shares during the last quarter. TPG Financial Advisors LLC raised its stake in JPMorgan Chase & Co. by 4.5% in the 3rd quarter. TPG Financial Advisors LLC now owns 2,104 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 90 shares during the last quarter. CMH Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. CMH Wealth Management LLC now owns 25,978 shares of the financial services provider’s stock valued at $2,904,000 after purchasing an additional 95 shares during the last quarter. Finally, West Oak Capital LLC raised its stake in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. West Oak Capital LLC now owns 24,399 shares of the financial services provider’s stock valued at $2,872,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 71.89% of the company’s stock.

Shares of NYSE JPM traded up $0.97 during mid-day trading on Friday, reaching $112.79. The company’s stock had a trading volume of 514,987 shares, compared to its average volume of 12,242,391. The stock has a 50-day moving average of $113.74 and a two-hundred day moving average of $111.25. The stock has a market capitalization of $366.50 billion, a P/E ratio of 12.53, a P/E/G ratio of 1.66 and a beta of 1.20. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $120.40.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a $0.90 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.00%.

About JPMorgan Chase & Co.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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