JPMorgan Chase & Co. (JPM) to Release Earnings on Friday

JPMorgan Chase & Co. (NYSE:JPM) is scheduled to be announcing its earnings results before the market opens on Friday, January 12th. Analysts expect the company to announce earnings of $1.69 per share for the quarter.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 earnings per share. On average, analysts expect JPMorgan Chase & Co. to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $110.25 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $382,540.00, a PE ratio of 15.82, a P/E/G ratio of 2.04 and a beta of 1.22. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $110.70.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a $0.56 dividend. The ex-dividend date is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 2.03%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.14%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.88% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of JPM. American Century Companies Inc. boosted its position in JPMorgan Chase & Co. by 9.3% during the second quarter. American Century Companies Inc. now owns 10,176,143 shares of the financial services provider’s stock worth $930,099,000 after acquiring an additional 864,992 shares during the last quarter. Intersect Capital LLC boosted its position in JPMorgan Chase & Co. by 98.0% during the second quarter. Intersect Capital LLC now owns 26,131 shares of the financial services provider’s stock worth $2,388,000 after acquiring an additional 12,935 shares during the last quarter. Alethea Capital Management LLC boosted its position in JPMorgan Chase & Co. by 894.6% during the second quarter. Alethea Capital Management LLC now owns 52,716 shares of the financial services provider’s stock worth $4,818,000 after acquiring an additional 47,416 shares during the last quarter. MARSHALL WACE ASIA Ltd boosted its position in JPMorgan Chase & Co. by 51.1% during the second quarter. MARSHALL WACE ASIA Ltd now owns 100,958 shares of the financial services provider’s stock worth $9,188,000 after acquiring an additional 34,159 shares during the last quarter. Finally, Edgemoor Investment Advisors Inc. boosted its position in JPMorgan Chase & Co. by 44.8% during the second quarter. Edgemoor Investment Advisors Inc. now owns 4,749 shares of the financial services provider’s stock worth $434,000 after acquiring an additional 1,470 shares during the last quarter. 73.76% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on JPM shares. Barclays increased their target price on shares of JPMorgan Chase & Co. from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Credit Suisse Group reaffirmed a “buy” rating and issued a $110.00 target price (up from $103.00) on shares of JPMorgan Chase & Co. in a report on Monday, October 9th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Morgan Stanley increased their target price on shares of JPMorgan Chase & Co. from $99.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Wells Fargo & Co set a $120.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Wednesday, December 20th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $93.64.

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About JPMorgan Chase & Co.

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 for JPMorgan Chase & Co. (NYSE:JPM)

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