JPMorgan Chase & Co. (JPM) Posts Earnings Results, Beats Expectations By $0.07 EPS

JPMorgan Chase & Co. (NYSE:JPM) issued its earnings results on Friday. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07, Morningstar.com reports. The firm had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 earnings per share.

JPMorgan Chase & Co. (NYSE:JPM) opened at $112.67 on Friday. The company has a market cap of $390,934.03, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.05 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $112.85.

The company 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 1.99%. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

A number of analysts have recently issued reports on the stock. Argus boosted their target price on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday. Vining Sparks reissued a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday. Nomura set a $115.00 target price on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Friday. Societe Generale lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Vetr lowered shares of JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 target price for the company. in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $102.52.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.

A number of institutional investors have recently made changes to their positions in JPM. Private Vista LLC purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $102,000. Welch Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $103,000. Legacy Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $106,000. Finally, Atlantic Trust LLC purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $136,000. Institutional investors and hedge funds own 73.76% of the company’s stock.

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JPMorgan 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 for JPMorgan Chase & Co. (NYSE:JPM)

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