JPMorgan Chase & Co. (JPM) to Release Earnings on Friday


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JPMorgan Chase & Co. (NYSE:JPM) will post its quarterly earnings results before the market opens on Friday, January 15th. Analysts expect JPMorgan Chase & Co. to post earnings of $2.35 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The business had revenue of $29.90 billion during the quarter, compared to the consensus estimate of $28.20 billion. During the same period last year, the business posted $2.68 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect JPMorgan Chase & Co. to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

NYSE:JPM opened at $140.35 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick ratio of 0.88. The business has a fifty day simple moving average of $124.63 and a two-hundred day simple moving average of $106.64. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.66. The company has a market capitalization of $427.82 billion, a P/E ratio of 18.35, a P/E/G ratio of 3.20 and a beta of 1.22.

The company also recently announced a quarterly dividend, which will be paid on Sunday, January 31st. Shareholders of record on Wednesday, January 6th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Tuesday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

In other JPMorgan Chase & Co. news, insider Nicole Giles sold 2,281 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $100.98, for a total transaction of $230,335.38. Also, CFO Jennifer Piepszak sold 3,297 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $101.11, for a total value of $333,359.67. In the last ninety days, insiders have sold 21,386 shares of company stock valued at $2,460,813. Corporate insiders own 0.78% of the company’s stock.

Several equities analysts have recently weighed in on the company. Barclays lifted their price target on JPMorgan Chase & Co. from $144.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, January 4th. Royal Bank of Canada lifted their price target on JPMorgan Chase & Co. from $110.00 to $130.00 in a research report on Wednesday, December 9th. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “underweight” rating in a research report on Monday, November 30th. Deutsche Bank Aktiengesellschaft lifted their price target on JPMorgan Chase & Co. from $120.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, January 6th. Finally, Keefe, Bruyette & Woods cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $125.00 to $130.00 in a research report on Wednesday, November 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $121.51.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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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