JPMorgan Chase & Co. (NYSE:JPM) Releases Quarterly Earnings Results, Beats Expectations By $0.35 EPS

JPMorgan Chase & Co. (NYSE:JPM) announced its earnings results on Friday. The financial services provider reported $3.33 EPS for the quarter, beating the consensus estimate of $2.98 by $0.35, MarketWatch Earnings reports. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The business had revenue of $29.26 billion for the quarter, compared to the consensus estimate of $29.78 billion. During the same period last year, the business posted $3.79 EPS. The company’s revenue was down .3% on a year-over-year basis.

Shares of JPM stock opened at $157.89 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.86 and a current ratio of 0.86. JPMorgan Chase & Co. has a 1 year low of $127.35 and a 1 year high of $172.96. The stock has a fifty day moving average of $162.20 and a two-hundred day moving average of $160.76. The firm has a market capitalization of $466.61 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 31st. Shareholders of record on Thursday, January 6th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, January 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.53%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.30%.

JPM has been the topic of several analyst reports. Barclays set a $202.00 price objective on JPMorgan Chase & Co. in a report on Friday. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $166.00 to $184.00 and gave the stock an “underweight” rating in a report on Monday, December 6th. Berenberg Bank set a $125.00 price objective on JPMorgan Chase & Co. in a report on Monday, October 18th. Jefferies Financial Group lifted their price objective on JPMorgan Chase & Co. from $177.00 to $198.00 and gave the stock a “buy” rating in a report on Monday, October 11th. Finally, Royal Bank of Canada set a $175.00 price objective on JPMorgan Chase & Co. in a report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $176.47.

A number of hedge funds have recently made changes to their positions in JPM. Morgan Stanley raised its stake in shares of JPMorgan Chase & Co. by 1.4% in the 2nd quarter. Morgan Stanley now owns 38,288,577 shares of the financial services provider’s stock worth $5,955,407,000 after buying an additional 510,298 shares in the last quarter. Eagle Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 1.6% in the 2nd quarter. Eagle Capital Management LLC now owns 25,176 shares of the financial services provider’s stock worth $3,916,000 after buying an additional 406 shares in the last quarter. Center for Financial Planning Inc. raised its stake in shares of JPMorgan Chase & Co. by 1.7% in the 3rd quarter. Center for Financial Planning Inc. now owns 17,289 shares of the financial services provider’s stock worth $2,830,000 after buying an additional 285 shares in the last quarter. Finally, Keudell Morrison Wealth Management raised its stake in shares of JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Keudell Morrison Wealth Management now owns 12,253 shares of the financial services provider’s stock worth $2,006,000 after buying an additional 270 shares in the last quarter. Institutional investors own 69.32% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

Featured Article: What is a Swap?

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.