JPMorgan Chase & Co. (JPM) Expected to Post Quarterly Sales of $29.38 Billion

Analysts forecast that JPMorgan Chase & Co. (NYSE:JPM) will report sales of $29.38 billion for the current fiscal quarter, Zacks reports. Three analysts have made estimates for JPMorgan Chase & Co.’s earnings. The lowest sales estimate is $28.98 billion and the highest is $29.88 billion. JPMorgan Chase & Co. reported sales of $27.75 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The company is expected to issue its next quarterly earnings report on Friday, July 12th.

According to Zacks, analysts expect that JPMorgan Chase & Co. will report full-year sales of $115.29 billion for the current fiscal year, with estimates ranging from $114.43 billion to $116.57 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $118.13 billion, with estimates ranging from $117.11 billion to $119.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. The business had revenue of $29.12 billion for the quarter, compared to the consensus estimate of $27.95 billion. During the same period in the prior year, the firm earned $2.37 earnings per share.



A number of equities research analysts recently weighed in on JPM shares. Daiwa Capital Markets cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $130.00 price target (up from $121.00) on shares of JPMorgan Chase & Co. in a report on Thursday, February 14th. Barclays reaffirmed a “buy” rating and set a $140.00 price target on shares of JPMorgan Chase & Co. in a report on Thursday, February 21st. BMO Capital Markets reduced their target price on JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a report on Thursday, February 28th. Finally, Zacks Investment Research cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $123.85.

NYSE JPM traded up $1.07 during trading hours on Monday, hitting $109.71. The company’s stock had a trading volume of 8,536,625 shares, compared to its average volume of 10,441,245. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $119.24. The company has a market capitalization of $376.52 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.59 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

In other news, Director Mellody L. Hobson bought 1,700 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were acquired at an average price of $114.26 per share, for a total transaction of $194,242.00. Following the completion of the transaction, the director now directly owns 7,485 shares in the company, valued at approximately $855,236.10. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas B. Petno sold 18,303 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $109.74, for a total value of $2,008,571.22. Following the transaction, the chief executive officer now owns 259,386 shares in the company, valued at approximately $28,465,019.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,573 shares of company stock worth $17,293,454. 0.76% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. C J Advisory Inc purchased a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $31,000. Financial Gravity Companies Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $36,000. Acima Private Wealth LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $38,000. Ellis Investment Partners LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth approximately $43,000. Finally, Smart Portfolios LLC increased its position in JPMorgan Chase & Co. by 29.6% during the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 114 shares during the period. 70.82% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Company Profile

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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