$2.42 Earnings Per Share Expected for JPMorgan Chase & Co. (NYSE:JPM) This Quarter

Equities analysts forecast that JPMorgan Chase & Co. (NYSE:JPM) will announce earnings of $2.42 per share for the current quarter, Zacks reports. Two analysts have provided estimates for JPMorgan Chase & Co.’s earnings. The highest EPS estimate is $2.48 and the lowest is $2.31. JPMorgan Chase & Co. posted earnings of $2.34 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The company is scheduled to report its next earnings report before the market opens on Tuesday, October 15th.

According to Zacks, analysts expect that JPMorgan Chase & Co. will report full-year earnings of $10.16 per share for the current fiscal year, with EPS estimates ranging from $9.95 to $10.30. For the next financial year, analysts forecast that the company will post earnings of $10.43 per share, with EPS estimates ranging from $10.10 to $10.70. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 EPS.

A number of equities analysts recently issued reports on the stock. Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Morgan Stanley set a $122.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 9th. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $125.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday. DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, August 21st. Finally, Royal Bank of Canada set a $120.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $122.37.

In related news, EVP Peter Scher sold 10,816 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mellody L. Hobson bought 18,200 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $109.91 per share, for a total transaction of $2,000,362.00. Following the completion of the purchase, the director now owns 7,804 shares of the company’s stock, valued at $857,737.64. The disclosure for this purchase can be found here. Corporate insiders own 0.76% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of JPM. Wharton Business Group LLC raised its holdings in JPMorgan Chase & Co. by 0.3% during the second quarter. Wharton Business Group LLC now owns 86,951 shares of the financial services provider’s stock worth $9,721,000 after buying an additional 235 shares during the last quarter. New England Investment & Retirement Group Inc. raised its holdings in JPMorgan Chase & Co. by 27.2% during the second quarter. New England Investment & Retirement Group Inc. now owns 6,695 shares of the financial services provider’s stock worth $748,000 after buying an additional 1,433 shares during the last quarter. Carillon Tower Advisers Inc. raised its holdings in JPMorgan Chase & Co. by 4.7% during the second quarter. Carillon Tower Advisers Inc. now owns 300,522 shares of the financial services provider’s stock worth $33,598,000 after buying an additional 13,477 shares during the last quarter. BTR Capital Management Inc. raised its holdings in JPMorgan Chase & Co. by 0.7% during the second quarter. BTR Capital Management Inc. now owns 164,688 shares of the financial services provider’s stock worth $18,412,000 after buying an additional 1,223 shares during the last quarter. Finally, Annex Advisory Services LLC raised its holdings in JPMorgan Chase & Co. by 21.5% during the second quarter. Annex Advisory Services LLC now owns 27,273 shares of the financial services provider’s stock worth $3,050,000 after buying an additional 4,834 shares during the last quarter. 71.89% of the stock is currently owned by institutional investors and hedge funds.

JPM stock traded up $0.12 during trading on Wednesday, reaching $114.74. 147,378 shares of the company were exchanged, compared to its average volume of 11,898,878. The company has a 50-day moving average of $113.15 and a two-hundred day moving average of $111.09. The company has a market capitalization of $358.73 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 1.63 and a beta of 1.20. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $120.40. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a $0.90 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, October 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.00%.

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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