JPMorgan Chase & Co. (JPM) to Release Quarterly Earnings on Friday
JPMorgan Chase & Co. (NYSE:JPM) is set to post its quarterly earnings results before the market opens on Friday, April 12th. Analysts expect JPMorgan Chase & Co. to post earnings of $2.35 per share for the quarter.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.20 by ($0.22). JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The firm had revenue of $26.10 billion during the quarter, compared to analysts’ expectations of $26.69 billion. During the same quarter last year, the business earned $1.76 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts expect JPMorgan Chase & Co. to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Shares of JPM opened at $104.87 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 1.00. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24. The firm has a market capitalization of $359.84 billion, a P/E ratio of 11.65, a PEG ratio of 1.63 and a beta of 1.11.
In related news, insider Ashley Bacon sold 5,831 shares of the business’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total transaction of $599,310.18. Following the completion of the transaction, the insider now directly owns 98,838 shares in the company, valued at approximately $10,158,569.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 3,022 shares of the stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total transaction of $317,310.00. Following the completion of the sale, the general counsel now directly owns 12,519 shares of the company’s stock, valued at $1,314,495. The disclosure for this sale can be found here. Insiders sold 39,191 shares of company stock worth $4,102,110 in the last ninety days. Corporate insiders own 0.73% of the company’s stock.
Large investors have recently modified their holdings of the business. Financial Gravity Companies Inc. purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $36,000. Acima Private Wealth LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $38,000. Enlightenment Research LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $68,000. Pearl River Capital LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $99,000. Finally, Transamerica Financial Advisors Inc. raised its stake in JPMorgan Chase & Co. by 55.2% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 1,054 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 375 shares during the period. 69.88% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. HSBC set a $102.00 price target on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Thursday, April 4th. Barclays reaffirmed a “buy” rating and set a $140.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday, February 21st. BMO Capital Markets lowered their price objective on shares of JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating on the stock in a research note on Thursday, February 28th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $130.00 price objective (up previously from $121.00) on shares of JPMorgan Chase & Co. in a report on Thursday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $122.25.
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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.
See Also: Insider Trading
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