Analysts expect JPMorgan Chase & Co. (NYSE:JPM) to post sales of $26.89 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for JPMorgan Chase & Co.’s earnings. The lowest sales estimate is $26.88 billion and the highest is $26.89 billion. JPMorgan Chase & Co. reported sales of $24.15 billion during the same quarter last year, which would suggest a positive year over year growth rate of 11.3%. The firm is scheduled to announce its next quarterly earnings results on Friday, October 12th.
On average, analysts expect that JPMorgan Chase & Co. will report full year sales of $109.49 billion for the current year, with estimates ranging from $108.80 billion to $109.99 billion. For the next financial year, analysts forecast that the firm will report sales of $114.25 billion, with estimates ranging from $113.71 billion to $114.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover JPMorgan Chase & Co..
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. The firm had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. During the same period in the previous year, the business posted $1.76 earnings per share.
Shares of JPM stock traded down $1.18 during trading hours on Friday, reaching $106.95. The company had a trading volume of 32,048,399 shares, compared to its average volume of 14,428,502. JPMorgan Chase & Co. has a one year low of $94.96 and a one year high of $119.33. The firm has a market capitalization of $387.26 billion, a PE ratio of 15.57, a P/E/G ratio of 1.85 and a beta of 1.17. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 5th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.99%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date is Thursday, October 4th. JPMorgan Chase & Co.’s payout ratio is 46.58%.
In related news, CEO Gordon Smith sold 30,725 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total transaction of $3,502,957.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.73% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Quad Cities Investment Group LLC bought a new position in shares of JPMorgan Chase & Co. in the second quarter worth approximately $124,000. O Brien Wealth Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 1,120.9% in the third quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 1,020 shares during the period. Ballew Advisors Inc boosted its position in shares of JPMorgan Chase & Co. by 104.2% in the second quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 619 shares during the period. Financial Gravity Wealth Inc. bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth approximately $150,000. Finally, Kwmg LLC bought a new position in shares of JPMorgan Chase & Co. in the second quarter worth approximately $158,000. Institutional investors and hedge funds own 70.56% 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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