JPMorgan Chase & Co. (NYSE:JPM) Announces Quarterly Earnings Results

JPMorgan Chase & Co. (NYSE:JPM) announced its quarterly earnings data on Friday. The financial services provider reported $3.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.35, MarketWatch Earnings reports. The firm had revenue of $29.26 billion for the quarter, compared to analysts’ expectations of $29.78 billion. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. JPMorgan Chase & Co.’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.79 earnings per share.

JPMorgan Chase & Co. stock traded down $9.97 during mid-day trading on Friday, hitting $158.26. 1,785,247 shares of the company’s stock were exchanged, compared to its average volume of 11,865,099. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.17. The stock has a market cap of $467.70 billion, a P/E ratio of 10.00, a P/E/G ratio of 2.82 and a beta of 1.13. JPMorgan Chase & Co. has a 1-year low of $127.35 and a 1-year high of $172.96. The stock has a 50 day moving average of $162.40 and a two-hundred day moving average of $160.73.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 31st. Stockholders of record on Thursday, January 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.30%.

Institutional investors have recently bought and sold shares of the business. Keudell Morrison Wealth Management grew its position in shares of JPMorgan Chase & Co. by 2.3% in the third quarter. Keudell Morrison Wealth Management now owns 12,253 shares of the financial services provider’s stock valued at $2,006,000 after purchasing an additional 270 shares during the last quarter. Center for Financial Planning Inc. grew its position in shares of JPMorgan Chase & Co. by 1.7% in the third quarter. Center for Financial Planning Inc. now owns 17,289 shares of the financial services provider’s stock valued at $2,830,000 after purchasing an additional 285 shares during the last quarter. Eagle Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.6% in the second quarter. Eagle Capital Management LLC now owns 25,176 shares of the financial services provider’s stock valued at $3,916,000 after buying an additional 406 shares during the period. Finally, Morgan Stanley lifted 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’s stock valued at $5,955,407,000 after buying an additional 510,298 shares during the period. 69.32% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on JPM shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, December 22nd. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $139.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 14th. Robert W. Baird reissued a “hold” rating and issued a $165.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, December 6th. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a report on Tuesday, September 28th. Finally, Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $166.00 to $184.00 and gave the stock an “underweight” rating in a report on Monday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $176.42.

JPMorgan Chase & Co. Company Profile

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

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

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