JPMorgan Chase & Co. (NYSE:JPM) Posts Quarterly Earnings Results, Beats Expectations By $0.25 EPS

JPMorgan Chase & Co. (NYSE:JPM) posted its quarterly earnings results on Tuesday. The financial services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.25, RTT News reports. The company had revenue of $28.30 billion during the quarter, compared to the consensus estimate of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.98 EPS.

Shares of NYSE JPM opened at $137.70 on Tuesday. JPMorgan Chase & Co. has a 52 week low of $98.09 and a 52 week high of $141.10. The business has a 50-day simple moving average of $136.10 and a two-hundred day simple moving average of $121.69. 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 company has a market cap of $426.78 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.85 and a beta of 1.24.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $0.90 dividend. The ex-dividend date is Friday, January 3rd. This represents a $3.60 annualized dividend and a yield of 2.61%. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.00%.

JPM has been the subject of several research reports. Robert W. Baird increased their price target on JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. UBS Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and increased their price target for the stock from $132.00 to $138.00 in a research note on Monday, January 6th. Citigroup increased their price target on JPMorgan Chase & Co. from $116.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Royal Bank of Canada reiterated a “buy” rating and set a $145.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 8th. Finally, Societe Generale downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $131.33.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 83,289 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total value of $9,993,014.22. Following the completion of the transaction, the chief executive officer now owns 393,197 shares in the company, valued at approximately $47,175,776.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mellody L. Hobson bought 16,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was bought at an average price of $124.65 per share, with a total value of $1,994,400.00. Following the purchase, the director now owns 8,186 shares in the company, valued at $1,020,384.90. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 152,944 shares of company stock valued at $19,088,970. 0.76% of the stock is owned by corporate insiders.

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 for JPMorgan Chase & Co. (NYSE:JPM)

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