Equities Analysts Set Expectations for JPMorgan Chase & Co.’s Q3 2020 Earnings (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Research analysts at Oppenheimer raised their Q3 2020 EPS estimates for shares of JPMorgan Chase & Co. in a note issued to investors on Tuesday, July 28th. Oppenheimer analyst C. Kotowski now anticipates that the financial services provider will post earnings per share of $2.38 for the quarter, up from their prior forecast of $1.79. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for JPMorgan Chase & Co.’s Q4 2020 earnings at $1.11 EPS, FY2020 earnings at $5.66 EPS, Q3 2021 earnings at $2.27 EPS and Q4 2021 earnings at $2.62 EPS.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.04. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The firm had revenue of $32.98 billion for the quarter, compared to analysts’ expectations of $30.23 billion. During the same period in the previous year, the firm earned $2.82 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis.

Several other brokerages have also recently weighed in on JPM. ValuEngine upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Goldman Sachs Group raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 24th. Atlantic Securities raised JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price objective on the stock in a report on Wednesday, July 22nd. Societe Generale raised JPMorgan Chase & Co. from a “sell” rating to a “buy” rating in a report on Tuesday, April 14th. Finally, UBS Group lifted their target price on JPMorgan Chase & Co. from $82.00 to $96.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $110.89.

NYSE JPM opened at $96.64 on Friday. The company has a market cap of $295.62 billion, a P/E ratio of 13.04, a P/E/G ratio of 3.25 and a beta of 1.19. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.89 and a current ratio of 0.88. The business’s 50 day moving average price is $96.77 and its 200-day moving average price is $105.48. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10.

Hedge funds have recently made changes to their positions in the stock. HMS Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 32.8% during the 2nd quarter. HMS Capital Management LLC now owns 6,257 shares of the financial services provider’s stock valued at $589,000 after purchasing an additional 1,546 shares during the period. National Asset Management Inc. increased its stake in JPMorgan Chase & Co. by 5.4% in the 2nd quarter. National Asset Management Inc. now owns 72,049 shares of the financial services provider’s stock worth $6,780,000 after acquiring an additional 3,670 shares during the last quarter. Comerica Bank increased its stake in JPMorgan Chase & Co. by 0.3% in the 2nd quarter. Comerica Bank now owns 960,859 shares of the financial services provider’s stock worth $94,828,000 after acquiring an additional 3,323 shares during the last quarter. Oldfather Financial Services LLC increased its position in shares of JPMorgan Chase & Co. by 5.9% during the 2nd quarter. Oldfather Financial Services LLC now owns 5,878 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 330 shares during the last quarter. Finally, Bowie Capital Management LLC grew its position in JPMorgan Chase & Co. by 205.9% in the 2nd quarter. Bowie Capital Management LLC now owns 104,000 shares of the financial services provider’s stock valued at $9,782,000 after acquiring an additional 70,000 shares during the last quarter. 71.35% of the stock is owned by institutional investors.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

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.

Featured Story: History of the Euro STOXX 50 Index

Earnings History and Estimates for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.