JPMorgan Chase & Co. (NYSE:JPM) Announces Earnings Results, Misses Expectations By $0.02 EPS

JPMorgan Chase & Co. (NYSE:JPM) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.02), RTT News reports. JPMorgan Chase & Co. had a return on equity of 12.52% and a net margin of 21.61%. The business had revenue of $32.98 billion during the quarter, compared to analysts’ expectations of $30.23 billion. During the same quarter in the previous year, the company posted $2.82 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis.

Shares of JPM opened at $97.65 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10. The company’s 50 day simple moving average is $98.17 and its 200 day simple moving average is $109.08. The company has a market capitalization of $293.34 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 3.71 and a beta of 1.19. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.89 and a current ratio of 0.89.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.69%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

In other news, insider Ashley Bacon sold 13,027 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $91.12, for a total value of $1,187,020.24. Following the transaction, the insider now directly owns 137,243 shares of the company’s stock, valued at approximately $12,505,582.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen B. Burke acquired 75,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was acquired at an average cost of $87.99 per share, with a total value of $6,599,250.00. Following the transaction, the director now directly owns 150,043 shares of the company’s stock, valued at $13,202,283.57. The disclosure for this purchase can be found here. 0.78% of the stock is currently owned by company insiders.

A number of equities research analysts recently weighed in on JPM shares. BMO Capital Markets decreased their price objective on shares of JPMorgan Chase & Co. from $117.00 to $101.00 and set a “market perform” rating for the company in a report on Wednesday, April 15th. TheStreet lowered JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research note on Monday, May 11th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price objective for the company in a report on Thursday, July 9th. Wells Fargo & Co lifted their target price on shares of JPMorgan Chase & Co. from $115.00 to $130.00 in a report on Friday, June 5th. Finally, Royal Bank of Canada set a $99.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $111.99.

JPMorgan Chase & Co. Company Profile

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 for JPMorgan Chase & Co. (NYSE:JPM)

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