JPMorgan Chase & Co. (JPM) Scheduled to Post Earnings on Friday
JPMorgan Chase & Co. (NYSE:JPM) is scheduled to post its quarterly earnings results before the market opens on Friday, July 13th. Analysts expect JPMorgan Chase & Co. to post earnings of $2.25 per share for the quarter.
JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The firm had revenue of $27.90 billion for the quarter, compared to analysts’ expectations of $27.73 billion. JPMorgan Chase & Co. had a return on equity of 12.60% and a net margin of 22.53%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.65 earnings per share. On average, analysts expect JPMorgan Chase & Co. to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Shares of JPM stock opened at $103.72 on Friday. The firm has a market capitalization of $355.59 billion, a P/E ratio of 15.10, a PEG ratio of 1.72 and a beta of 1.20. JPMorgan Chase & Co. has a twelve month low of $88.08 and a twelve month high of $119.33. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research note on Monday, March 19th. Credit Suisse Group upped their price target on JPMorgan Chase & Co. from $125.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, March 19th. Vetr raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.60 price target on the stock in a research note on Thursday, March 8th. HSBC assumed coverage on JPMorgan Chase & Co. in a research note on Wednesday, April 11th. They issued a “hold” rating and a $111.00 price target on the stock. Finally, Edward Jones raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $114.06.
In other JPMorgan Chase & Co. news, Director Chase & Co Jpmorgan purchased 22,000 shares of the stock in a transaction dated Thursday, May 31st. The shares were purchased at an average cost of $1,000.00 per share, with a total value of $22,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mellody L. Hobson purchased 18,000 shares of the stock in a transaction dated Monday, April 16th. The shares were acquired at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the acquisition, the director now owns 864 shares of the company’s stock, valued at $95,947.20. The disclosure for this purchase can be found here. Insiders acquired 53,000 shares of company stock worth $25,488,830 over the last three months. Corporate insiders own 0.73% of the company’s stock.
A hedge fund recently bought a new stake in JPMorgan Chase & Co. stock. Financial Gravity Wealth Inc. purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,394 shares of the financial services provider’s stock, valued at approximately $150,000. Hedge funds and other institutional investors own 72.01% of the company’s stock.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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