JPMorgan Chase & Co. to Post Q4 2020 Earnings of $2.45 Per Share, Piper Sandler Forecasts (NYSE:JPM)


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JPMorgan Chase & Co. (NYSE:JPM) – Research analysts at Piper Sandler upped their Q4 2020 earnings per share estimates for JPMorgan Chase & Co. in a report released on Monday, January 11th. Piper Sandler analyst J. Harte now anticipates that the financial services provider will earn $2.45 per share for the quarter, up from their previous forecast of $2.15. Piper Sandler has a “Overweight” rating and a $150.00 price objective on the stock.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of JPMorgan Chase & Co. from $120.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, January 6th. Barclays lifted their target price on JPMorgan Chase & Co. from $144.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, January 4th. Daiwa Capital Markets began coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, January 6th. They issued an “outperform” rating and a $139.00 price target for the company. Bank of America upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $125.00 to $130.00 in a report on Wednesday, November 18th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and a consensus target price of $121.51.

Shares of JPM opened at $140.35 on Wednesday. The business has a 50-day simple moving average of $124.63 and a two-hundred day simple moving average of $106.64. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $141.66. The stock has a market cap of $427.82 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 3.20 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The company had revenue of $29.90 billion for the quarter, compared to the consensus estimate of $28.20 billion. During the same period in the previous year, the business earned $2.68 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 4.0% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, January 31st. Stockholders of record on Wednesday, January 6th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Tuesday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

In related news, insider Nicole Giles sold 2,281 shares of the business’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $100.98, for a total transaction of $230,335.38. Also, CFO Jennifer Piepszak sold 3,297 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $101.11, for a total value of $333,359.67. In the last ninety days, insiders sold 21,386 shares of company stock worth $2,460,813. Insiders own 0.78% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Provident Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at about $34,000. Marshall & Sullivan Inc. WA purchased a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $43,000. Stuart Chaussee & Associates Inc. increased its holdings in JPMorgan Chase & Co. by 25.9% in the 3rd quarter. Stuart Chaussee & Associates Inc. now owns 466 shares of the financial services provider’s stock worth $45,000 after buying an additional 96 shares during the period. Eukles Asset Management raised its position in JPMorgan Chase & Co. by 28.7% during the 3rd quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock worth $51,000 after buying an additional 119 shares during the last quarter. Finally, Catalyst Private Wealth LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $54,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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