Jefferies Group Weighs in on J P Morgan Chase & Co’s Q1 2018 Earnings (JPM)

J P Morgan Chase & Co (NYSE:JPM) – Analysts at Jefferies Group issued their Q1 2018 EPS estimates for shares of J P Morgan Chase & Co in a report released on Tuesday. Jefferies Group analyst K. Usdin expects that the financial services provider will post earnings per share of $1.78 for the quarter. Jefferies Group currently has a “Buy” rating and a $102.00 target price on the stock. Jefferies Group also issued estimates for J P Morgan Chase & Co’s Q2 2018 earnings at $1.87 EPS, Q3 2018 earnings at $1.95 EPS and Q4 2018 earnings at $2.00 EPS.

Several other equities analysts have also commented on JPM. Bank of America Corporation restated an “outperform” rating and issued a $99.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday, June 21st. Credit Suisse Group reduced their target price on shares of J P Morgan Chase & Co from $102.00 to $99.00 and set an “outperform” rating on the stock in a report on Thursday, June 29th. Deutsche Bank AG reiterated a “buy” rating on shares of J P Morgan Chase & Co in a report on Monday, July 3rd. BidaskClub upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $93.00 target price on shares of J P Morgan Chase & Co in a report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $88.87.

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J P Morgan Chase & Co (NYSE:JPM) traded down 0.78% during mid-day trading on Wednesday, hitting $96.08. 10,346,819 shares of the stock traded hands. The stock has a 50-day moving average price of $93.22 and a 200-day moving average price of $89.65. J P Morgan Chase & Co has a 12 month low of $66.74 and a 12 month high of $97.64. The stock has a market cap of $338.06 billion, a P/E ratio of 14.17 and a beta of 1.18.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.10. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The firm had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. During the same quarter in the previous year, the firm posted $1.58 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis.

A number of institutional investors have recently modified their holdings of the business. Grand Jean Capital Management Inc. boosted its holdings in shares of J P Morgan Chase & Co by 33.3% in the first quarter. Grand Jean Capital Management Inc. now owns 26,788 shares of the financial services provider’s stock valued at $2,353,000 after acquiring an additional 6,688 shares in the last quarter. Gradient Investments LLC boosted its holdings in shares of J P Morgan Chase & Co by 9.1% in the second quarter. Gradient Investments LLC now owns 75,929 shares of the financial services provider’s stock valued at $6,940,000 after acquiring an additional 6,365 shares in the last quarter. Thomaspartners Inc. boosted its holdings in shares of J P Morgan Chase & Co by 2.8% in the first quarter. Thomaspartners Inc. now owns 2,572,428 shares of the financial services provider’s stock valued at $225,962,000 after acquiring an additional 70,882 shares in the last quarter. Doyle Wealth Management boosted its holdings in shares of J P Morgan Chase & Co by 1.1% in the second quarter. Doyle Wealth Management now owns 175,460 shares of the financial services provider’s stock valued at $16,037,000 after acquiring an additional 1,988 shares in the last quarter. Finally, Manning & Napier Advisors LLC boosted its holdings in shares of J P Morgan Chase & Co by 19.3% in the second quarter. Manning & Napier Advisors LLC now owns 389,834 shares of the financial services provider’s stock valued at $35,629,000 after acquiring an additional 63,157 shares in the last quarter. 77.89% of the stock is currently owned by institutional investors.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the transaction, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. Insiders have sold a total of 28,564 shares of company stock worth $2,605,334 over the last three months. 0.88% of the stock is currently owned by insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be given a dividend of $0.56 per share. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 33.14%.

J P Morgan 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 J P Morgan Chase & Co (NYSE:JPM)

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