Oppenheimer Weighs in on JPMorgan Chase & Co.’s Q4 2020 Earnings (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Investment analysts at Oppenheimer lifted their Q4 2020 EPS estimates for JPMorgan Chase & Co. in a research note issued to investors on Tuesday, July 14th. Oppenheimer analyst C. Kotowski now expects that the financial services provider will post earnings of $1.31 per share for the quarter, up from their previous estimate of $1.25. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for JPMorgan Chase & Co.’s Q3 2021 earnings at $2.22 EPS, Q4 2021 earnings at $2.57 EPS and FY2021 earnings at $7.46 EPS.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. The business had revenue of $32.98 billion for the quarter, compared to the consensus estimate of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 10.76% and a net margin of 18.16%. The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $2.82 EPS.

JPM has been the topic of several other reports. BMO Capital Markets lifted their price target on JPMorgan Chase & Co. from $108.00 to $119.00 in a research report on Wednesday. Wells Fargo & Co lifted their price target on JPMorgan Chase & Co. from $115.00 to $130.00 in a research report on Friday, June 5th. Credit Suisse Group set a $122.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Monday, May 18th. Seaport Global Securities started coverage on JPMorgan Chase & Co. in a research report on Wednesday, July 8th. They set a “buy” rating and a $119.00 price target on the stock. Finally, Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price target on the stock in a research report on Wednesday, May 20th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $112.04.

Shares of JPMorgan Chase & Co. stock opened at $99.73 on Thursday. The business’s fifty day moving average price is $98.51 and its two-hundred day moving average price is $108.69. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $299.25 billion, a P/E ratio of 13.46, a PEG ratio of 3.45 and a beta of 1.19. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.60 annualized dividend and a dividend yield of 3.61%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

In other news, CEO Mary E. Erdoes sold 24,554 shares of the firm’s stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $99.52, for a total value of $2,443,614.08. Company insiders own 0.78% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JPM. Quadrant Capital Group LLC boosted its position in JPMorgan Chase & Co. by 11.1% during the fourth quarter. Quadrant Capital Group LLC now owns 56,661 shares of the financial services provider’s stock valued at $7,860,000 after purchasing an additional 5,664 shares during the last quarter. Vigilare Wealth Management acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $3,540,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in JPMorgan Chase & Co. by 1.9% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,551 shares of the financial services provider’s stock valued at $1,331,000 after purchasing an additional 178 shares during the last quarter. Van ECK Associates Corp boosted its position in JPMorgan Chase & Co. by 5.8% during the fourth quarter. Van ECK Associates Corp now owns 61,539 shares of the financial services provider’s stock valued at $8,579,000 after purchasing an additional 3,348 shares during the last quarter. Finally, Capital Wealth Alliance LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $179,000. 71.35% of the stock is owned by hedge funds and other institutional investors.

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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