Brokerages Anticipate JPMorgan Chase & Co. (NYSE:JPM) to Announce $2.41 EPS

Equities analysts expect that JPMorgan Chase & Co. (NYSE:JPM) will report earnings of $2.41 per share for the current quarter, according to Zacks. Two analysts have issued estimates for JPMorgan Chase & Co.’s earnings. The lowest EPS estimate is $2.31 and the highest is $2.48. JPMorgan Chase & Co. posted earnings per share of $2.34 during the same quarter last year, which would indicate a positive year over year growth rate of 3%. 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 earnings of $10.19 per share for the current financial year, with EPS estimates ranging from $9.97 to $10.30. For the next financial year, analysts expect that the company will report earnings of $10.47 per share, with EPS estimates ranging from $10.22 to $10.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion for the quarter, compared to the consensus estimate of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS.



Several analysts recently commented on JPM shares. Goldman Sachs Group reaffirmed a “neutral” rating and set a $117.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, August 16th. DZ Bank restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, August 21st. Finally, Royal Bank of Canada restated a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. 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 target price of $121.94.

JPMorgan Chase & Co. stock traded up $0.88 during mid-day trading on Monday, hitting $118.07. 799,278 shares of the company’s stock were exchanged, compared to its average volume of 12,314,742. The firm has a market capitalization of $373.69 billion, a P/E ratio of 13.14, a PEG ratio of 1.66 and a beta of 1.19. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. The company’s 50 day simple moving average is $110.70 and its 200-day simple moving average is $109.63.

In related news, Director Mellody L. Hobson purchased 18,200 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $109.91 per share, for a total transaction 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 $857,737.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lori A. Beer sold 13,341 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the transaction, the insider now owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Personal Wealth Partners bought a new stake in JPMorgan Chase & Co. during the second quarter valued at $28,000. MRA Associates USA LLC bought a new stake in JPMorgan Chase & Co. during the second quarter valued at $30,000. Titan Capital Management LLC CA bought a new stake in JPMorgan Chase & Co. during the second quarter valued at $35,000. Smart Portfolios LLC boosted its position in JPMorgan Chase & Co. by 29.6% during the fourth quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 114 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new stake in JPMorgan Chase & Co. during the second quarter valued at $56,000. Institutional investors own 72.23% of the company’s stock.

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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