JPMorgan Chase & Co. (JPM) Expected to Earn FY2018 Earnings of $8.60 Per Share

JPMorgan Chase & Co. (NYSE:JPM) – Investment analysts at Jefferies Group upped their FY2018 earnings per share estimates for JPMorgan Chase & Co. in a note issued to investors on Monday. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will post earnings per share of $8.60 for the year, up from their prior forecast of $7.65. Jefferies Group currently has a “Buy” rating and a $111.00 target price on the stock. Jefferies Group also issued estimates for JPMorgan Chase & Co.’s FY2019 earnings at $9.35 EPS.

JPM has been the subject of several other reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 11th. Deutsche Bank cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $90.00 to $96.00 in a report on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and set a $88.00 price target on shares of JPMorgan Chase & Co. in a report on Thursday, September 21st. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Finally, Nomura boosted their price target on JPMorgan Chase & Co. from $87.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $101.48.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up $1.83 during midday trading on Wednesday, reaching $112.67. The company’s stock had a trading volume of 18,880,059 shares, compared to its average volume of 14,082,021. The firm has a market cap of $390,930.00, a PE ratio of 16.16, a PEG ratio of 2.04 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $112.85.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 EPS.

A number of hedge funds have recently modified their holdings of JPM. Covenant Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 6.0% in the 4th quarter. Covenant Asset Management LLC now owns 12,108 shares of the financial services provider’s stock valued at $1,295,000 after buying an additional 680 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 0.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,299,553 shares of the financial services provider’s stock valued at $138,969,000 after buying an additional 11,910 shares during the last quarter. Country Club Trust Company n.a. grew its position in shares of JPMorgan Chase & Co. by 12.1% in the 4th quarter. Country Club Trust Company n.a. now owns 19,905 shares of the financial services provider’s stock valued at $2,129,000 after buying an additional 2,156 shares during the last quarter. Appleton Partners Inc. MA grew its position in shares of JPMorgan Chase & Co. by 2.8% in the 4th quarter. Appleton Partners Inc. MA now owns 157,613 shares of the financial services provider’s stock valued at $16,855,000 after buying an additional 4,262 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of JPMorgan Chase & Co. by 13.3% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 21,861 shares of the financial services provider’s stock valued at $2,338,000 after buying an additional 2,566 shares during the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction 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 sale, the general counsel now 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 available at this hyperlink. Insiders own 0.88% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be given a dividend of $0.56 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.99%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.14%.

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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 and Estimates for JPMorgan Chase & Co. (NYSE:JPM)

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