Wall Street brokerages forecast that JPMorgan Chase & Co. (NYSE:JPM) will announce $2.43 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for JPMorgan Chase & Co.’s earnings. The highest EPS estimate is $2.48 and the lowest is $2.34. JPMorgan Chase & Co. posted earnings per share of $2.34 during the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The company is expected to issue its next quarterly earnings report on Friday, October 11th.

According to Zacks, analysts expect that JPMorgan Chase & Co. will report full-year earnings of $9.94 per share for the current financial year, with EPS estimates ranging from $9.72 to $10.20. For the next year, analysts anticipate that the business will post earnings of $10.50 per share, with EPS estimates ranging from $10.36 to $10.70. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.32. The firm had revenue of $28.83 billion for the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.41% and a net margin of 24.73%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.29 EPS.

Several research analysts have weighed in on JPM shares. Goldman Sachs Group lowered Cadence Bancorp from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Monday, July 22nd. Royal Bank of Canada boosted their price target on Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Deutsche Bank set a $142.00 price target on MCCORMICK & CO /SH and gave the stock a “hold” rating in a research report on Friday, June 28th. BMO Capital Markets boosted their price target on Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Finally, Morgan Stanley lowered their price target on Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $122.94.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 13,341 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total value of $1,524,609.48. Following the transaction, the insider now directly owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Peter Scher sold 10,816 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JPM. First American Trust FSB grew its position in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. First American Trust FSB now owns 93,938 shares of the financial services provider’s stock worth $9,171,000 after acquiring an additional 301 shares during the last quarter. Independent Investors Inc. lifted its position in shares of JPMorgan Chase & Co. by 5.5% in the fourth quarter. Independent Investors Inc. now owns 64,359 shares of the financial services provider’s stock worth $6,282,000 after purchasing an additional 3,350 shares in the last quarter. Waverton Investment Management Ltd lifted its position in shares of JPMorgan Chase & Co. by 6.1% in the fourth quarter. Waverton Investment Management Ltd now owns 987,338 shares of the financial services provider’s stock worth $96,384,000 after purchasing an additional 56,460 shares in the last quarter. Peachtree Investment Advisors Inc. lifted its position in shares of JPMorgan Chase & Co. by 24.7% in the fourth quarter. Peachtree Investment Advisors Inc. now owns 26,141 shares of the financial services provider’s stock worth $2,552,000 after purchasing an additional 5,183 shares in the last quarter. Finally, Cozad Asset Management Inc. increased its holdings in JPMorgan Chase & Co. by 5.8% in the fourth quarter. Cozad Asset Management Inc. now owns 6,771 shares of the financial services provider’s stock worth $661,000 after buying an additional 369 shares during the last quarter. 71.57% of the stock is currently owned by hedge funds and other institutional investors.

NYSE JPM opened at $115.85 on Thursday. The company has a market cap of $377.01 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.67 and a beta of 1.16. The company has a 50 day moving average price of $112.60. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 1.00. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $119.24.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Wednesday, July 3rd. JPMorgan Chase & Co.’s payout ratio is presently 35.56%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through 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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