JPMorgan Chase & Co. (JPM) Set to Announce Quarterly Earnings on Friday

JPMorgan Chase & Co. (NYSE:JPM) is scheduled to issue its quarterly earnings data before the market opens on Friday, January 12th. Analysts expect the company to announce earnings of $1.69 per share for the quarter.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The firm had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. During the same quarter in the prior year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts expect JPMorgan Chase & Co. to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

JPMorgan Chase & Co. (NYSE:JPM) opened at $109.05 on Wednesday. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $110.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $378,370.00, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.05%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 32.14%.

JPM has been the topic of a number of research analyst reports. Bank of America set a $102.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, October 13th. Credit Suisse Group reaffirmed a “buy” rating and set a $110.00 price target (up previously from $103.00) on shares of JPMorgan Chase & Co. in a research report on Monday, October 9th. They noted that the move was a valuation call. Jefferies Group set a $111.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, October 13th. Royal Bank of Canada reaffirmed a “buy” rating and set a $105.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, November 15th. Finally, Wells Fargo & Co set a $120.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $93.63.

In other news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.88% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of JPM. Jackson Grant Investment Advisers Inc. boosted its stake in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 12 shares during the period. Sunbelt Securities Inc. boosted its stake in JPMorgan Chase & Co. by 0.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 26 shares during the period. Cutter & CO Brokerage Inc. boosted its stake in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 7,050 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 50 shares during the period. Marcus Capital LLC boosted its stake in JPMorgan Chase & Co. by 1.0% in the 2nd quarter. Marcus Capital LLC now owns 5,250 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 50 shares during the period. Finally, Neumann Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Neumann Capital Management LLC now owns 21,811 shares of the financial services provider’s stock valued at $1,994,000 after purchasing an additional 80 shares during the period. Institutional investors own 73.76% of the company’s stock.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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