Zacks: Analysts Expect JPMorgan Chase (JPM) to Post $2.22 Earnings Per Share

Brokerages forecast that JPMorgan Chase (NYSE:JPM) will report earnings per share (EPS) of $2.22 for the current quarter, Zacks reports. Two analysts have issued estimates for JPMorgan Chase’s earnings, with the lowest EPS estimate coming in at $2.12 and the highest estimate coming in at $2.34. JPMorgan Chase posted earnings per share of $1.82 in the same quarter last year, which indicates a positive year over year growth rate of 22%. The company is expected to issue its next quarterly earnings results on Friday, April 13th.

According to Zacks, analysts expect that JPMorgan Chase will report full year earnings of $8.90 per share for the current financial year, with EPS estimates ranging from $8.41 to $9.40. For the next fiscal year, analysts forecast that the company will post earnings of $9.70 per share, with EPS estimates ranging from $8.89 to $10.82. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover JPMorgan Chase.

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JPMorgan Chase (NYSE:JPM) last posted its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.09. The business had revenue of $27.90 billion for the quarter, compared to analysts’ expectations of $27.73 billion. JPMorgan Chase had a return on equity of 11.63% and a net margin of 21.46%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.65 earnings per share.

JPM has been the topic of several recent research reports. Wells Fargo set a $120.00 price target on JPMorgan Chase and gave the company a “buy” rating in a report on Wednesday, December 20th. Morgan Stanley raised their price target on JPMorgan Chase from $128.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Barclays raised their price target on JPMorgan Chase from $105.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Zacks Investment Research upgraded JPMorgan Chase from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a report on Monday, March 19th. Finally, Societe Generale cut JPMorgan Chase from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $112.47.

In other news, insider Peter Scher sold 26,532 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Stacey Friedman sold 17,729 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total value of $1,991,498.57. Following the sale, the general counsel now directly owns 21,260 shares in the company, valued at approximately $2,388,135.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,047 shares of company stock worth $17,098,115. 0.88% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in JPMorgan Chase in the 3rd quarter valued at approximately $102,000. Welch Investments LLC acquired a new stake in JPMorgan Chase in the 3rd quarter valued at approximately $103,000. Financial Gravity Companies Inc. acquired a new stake in JPMorgan Chase in the 4th quarter valued at approximately $104,000. Legacy Advisors LLC acquired a new stake in JPMorgan Chase in the 3rd quarter valued at approximately $106,000. Finally, Keeler Thomas Management LLC acquired a new stake in JPMorgan Chase in the 4th quarter valued at approximately $112,000. 74.50% of the stock is currently owned by institutional investors.

JPMorgan Chase stock opened at $110.30 on Friday. The stock has a market capitalization of $389,081.19, a P/E ratio of 16.06, a PEG ratio of 1.91 and a beta of 1.24. JPMorgan Chase has a 12-month low of $81.64 and a 12-month high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase’s dividend payout ratio is currently 32.61%.

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JPMorgan Chase Company Profile

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

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