Brokerages expect JPMorgan Chase & Co. (NYSE:JPM) to report $27.66 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for JPMorgan Chase & Co.’s earnings, with the lowest sales estimate coming in at $27.34 billion and the highest estimate coming in at $27.99 billion. JPMorgan Chase & Co. posted sales of $25.47 billion in the same quarter last year, which suggests a positive year over year growth rate of 8.6%. The business is scheduled to report its next earnings report on Friday, July 13th.
On average, analysts expect that JPMorgan Chase & Co. will report full year sales of $110.59 billion for the current fiscal year, with estimates ranging from $109.43 billion to $111.98 billion. For the next fiscal year, analysts expect that the business will post sales of $115.09 billion per share, with estimates ranging from $113.91 billion to $115.84 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 issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The company had revenue of $27.90 billion during the quarter, compared to analyst estimates of $27.73 billion. JPMorgan Chase & Co. had a net margin of 22.53% and a return on equity of 12.60%. JPMorgan Chase & Co.’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business earned $1.65 EPS.
JPM has been the topic of several recent analyst reports. Jefferies Group reiterated a “buy” rating and set a $131.00 price objective (up previously from $124.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, February 21st. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a research report on Monday, March 19th. Edward Jones upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. Finally, Vetr cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “buy” rating and set a $123.29 price objective on the stock. in a research report on Thursday, April 5th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $112.75.
JPMorgan Chase & Co. traded down $1.26, reaching $111.23, on Monday, according to Marketbeat.com. 14,078,335 shares of the stock were exchanged, compared to its average volume of 15,186,508. The stock has a market cap of $387.85 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.87 and a beta of 1.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $119.33.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.61%.
In other news, Director Todd A. Combs bought 13,000 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 14th. The stock was acquired at an average cost of $114.61 per share, for a total transaction of $1,489,930.00. Following the completion of the acquisition, the director now owns 18,277 shares of the company’s stock, valued at approximately $2,094,726.97. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mellody L. Hobson bought 18,000 shares of JPMorgan Chase & Co. stock in a transaction on Monday, April 16th. The stock was purchased at an average price of $111.05 per share, with a total value of $1,998,900.00. Following the completion of the acquisition, the director now directly owns 864 shares of the company’s stock, valued at approximately $95,947.20. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of JPM. Welch Investments LLC acquired a new position in JPMorgan Chase & Co. in the 3rd quarter valued at $103,000. Keeler Thomas Management LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $112,000. Cerebellum GP LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $119,000. Price Wealth Management Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $124,000. Finally, Lipe & Dalton purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $143,000. Hedge funds and other institutional investors own 72.18% of the company’s stock.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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