Zacks: Analysts Expect JPMorgan Chase & Co. (NYSE: JPM) to Report Earnings Per Share of $ 2.94



Equity research analysts expect JPMorgan Chase & Co. (NYSE: JPM) to post earnings of $ 2.94 per share for the current quarter, Zack reports. Seven analysts estimated JPMorgan Chase & Co.’s earnings, with the highest estimate of EPS of $ 3.32 and the lowest estimate of $ 2.76. JPMorgan Chase & Co. reported earnings of $ 3.79 per share for the same quarter last year, which would suggest a negative growth rate of 22.4% year-over-year. The company is expected to announce its next results before the market opens on Friday, January 14.

Zacks says analysts expect JPMorgan Chase & Co. to report annual earnings of $ 14.95 per share for the current fiscal year, with EPS estimates ranging from $ 14.67 to $ 15.34 . For the next fiscal year, analysts expect the company to report earnings of $ 11.89 per share, with EPS estimates ranging from $ 11.37 to $ 12.50. Zacks’ earnings per share calculations are an average based on a survey of analysts who follow JPMorgan Chase & Co ..

JPMorgan Chase & Co. (NYSE: JPM) last released its quarterly results on Wednesday, October 13. The financial services provider reported earnings per share of $ 3.74 for the quarter, beating analysts’ consensus estimates of $ 3.00 by $ 0.74. JPMorgan Chase & Co. had a net margin of 39.41% and a return on equity of 19.89%. The company posted revenue of $ 29.60 billion in the quarter, compared to a consensus estimate of $ 29.63 billion. During the same period of the previous year, the company made a profit of $ 2.92 per share. The company’s quarterly revenue was down 1.0% year-on-year.

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A number of analysts weighed on the title. The UBS Group set a price target of $ 210.00 on shares of JPMorgan Chase & Co. and assigned the stock a “buy” rating in a research note on Friday, December 10. Morgan Stanley raised its price target on JPMorgan Chase & Co. shares from $ 166.00 to $ 184.00 and rated the stock “underweight” in a research note on Monday, December 6. . Royal Bank of Canada raised its price target on JPMorgan Chase & Co. shares from $ 160.00 to $ 175.00 and gave the stock an “outperformance” rating in a research note on Thursday. October 14. Robert W. Baird reissued a “hold” note and issued a price target of $ 165.00 on shares of JPMorgan Chase & Co. in a research note on Monday, December 6. Finally, Credit Suisse Group set a price target of $ 177.00 on shares of JPMorgan Chase & Co. in a report released on Thursday, October 14. One equity research analyst rated the stock with a sell rating, five issued a conservation rating, and fourteen assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $ 173.79.

NYSE: JPM traded at $ 0.98 at midday on Wednesday, reaching $ 158.15. The stock had a trade volume of 236,845 shares, compared to its average volume of 12,985,436. The stock has a 50-day simple moving average of $ 165.66 and a two-hundred-day simple moving average of $ 160.35. The stock has a market cap of $ 467.38 billion, a PE ratio of 9.97, a P / E / G ratio of 2.14 and a beta of 1.15. The company has a debt to equity ratio of 1.17, a current ratio of 0.86, and a rapid ratio of 0.86. JPMorgan Chase & Co. has a 12 month low of $ 118.27 and a 12 month high of $ 172.96.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 31. Shareholders of record on Thursday, January 6 will receive a dividend of $ 1.00 per share. This represents a dividend of $ 4.00 on an annualized basis and a dividend yield of 2.53%. JPMorgan Chase & Co.’s payout ratio is 25.30%.

Several institutional investors and hedge funds have recently changed their positions in JPM. Capital World Investors increased its position in JPMorgan Chase & Co. by 3.9% during the 3rd quarter. Capital World Investors now owns 74,302,154 shares of the financial services provider valued at $ 12,162,752,000 after acquiring an additional 2,764,341 shares during the period. FMR LLC increased its stake in shares of JPMorgan Chase & Co. by 3.2% in the second quarter. FMR LLC now owns 48,763,496 shares of the financial services provider valued at $ 7,584,673,000 after acquiring an additional 1,513,407 shares during the period. Geode Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. Geode Capital Management LLC now owns 47,118,935 shares of the financial services provider valued at $ 7,690,463,000 after acquiring an additional 541,152 shares during the period. Capital International Investors increased its stake in shares of JPMorgan Chase & Co. by 3.1% in the second quarter. Capital International Investors now owns 39,521,621 shares of the financial services provider valued at $ 6,146,639,000 after acquiring an additional 1,199,636 shares during the period. Finally, Morgan Stanley increased its stake in shares of JPMorgan Chase & Co. by 1.4% in the second quarter. Morgan Stanley now owns 38,288,577 shares of the financial services provider valued at $ 5,955,407,000 after acquiring an additional 510,298 shares during the period. 69.51% of the shares are currently held by hedge funds and other institutional investors.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The company offers a range of investment banking products and services in all capital markets, including advice on corporate strategy and structure, raising capital in the equity and debt markets, management of risks, market making in treasury securities and derivative instruments, as well as brokerage and research.

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History and earnings estimates for JPMorgan Chase & Co. (NYSE: JPM)

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