JPMorgan Chase & Co. (NYSE:JPM) announced its quarterly earnings data on Tuesday. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.25, RTT News reports. The business had revenue of $28.30 billion for the quarter, compared to analysts’ expectations of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.98 earnings per share.
JPM stock opened at $138.80 on Wednesday. The business has a 50 day moving average price of $136.24 and a 200 day moving average price of $121.84. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.26. The stock has a market cap of $426.78 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.85 and a beta of 1.24. JPMorgan Chase & Co. has a fifty-two week low of $98.09 and a fifty-two week high of $141.10.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Friday, January 3rd. JPMorgan Chase & Co.’s payout ratio is 40.00%.
Several research analysts recently commented on JPM shares. Keefe, Bruyette & Woods cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 target price for the company. in a research note on Monday, December 9th. Societe Generale downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Citigroup increased their price target on JPMorgan Chase & Co. from $116.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. UBS Group cut JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $132.00 to $138.00 in a research note on Monday, January 6th. Finally, Wells Fargo & Co reissued an “outperform” rating on shares of JPMorgan Chase & Co. in a research report on Monday, December 23rd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $131.33.
In related news, Director Mellody L. Hobson acquired 16,000 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average price of $124.65 per share, for a total transaction of $1,994,400.00. Following the transaction, the director now owns 8,186 shares of the company’s stock, valued at $1,020,384.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel E. Pinto sold 64,198 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the sale, the chief executive officer now owns 451,481 shares of the company’s stock, valued at approximately $59,103,377.71. The disclosure for this sale can be found here. Insiders sold 69,655 shares of company stock valued at $9,095,955 over the last ninety days. 0.76% of the stock is currently owned by corporate insiders.
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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