JPMorgan Chase & Co. (NYSE:JPM) Releases Earnings Results, Beats Expectations By $0.25 EPS
JPMorgan Chase & Co. (NYSE:JPM) posted its earnings results on Tuesday. The financial services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.32 by $0.25, RTT News reports. The firm had revenue of $28.30 billion for the quarter, compared to analyst estimates of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.98 earnings per share.
Shares of JPM stock opened at $138.80 on Wednesday. JPMorgan Chase & Co. has a 1-year low of $98.09 and a 1-year high of $141.10. The company has a market cap of $426.78 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.85 and a beta of 1.24. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a 50 day simple moving average of $136.24 and a 200-day simple moving average of $121.84.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Friday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 40.00%.
In related news, insider Nicole Giles sold 863 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $126.73, for a total value of $109,367.99. Following the completion of the sale, the insider now owns 8,949 shares of the company’s stock, valued at approximately $1,134,106.77. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mellody L. Hobson acquired 16,000 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, October 23rd. The shares were bought at an average price of $124.65 per share, with a total value of $1,994,400.00. Following the completion of the transaction, the director now directly owns 8,186 shares of the company’s stock, valued at approximately $1,020,384.90. The disclosure for this purchase can be found here. Insiders have sold a total of 69,655 shares of company stock worth $9,095,955 in the last quarter. Insiders own 0.76% of the company’s stock.
About JPMorgan Chase & Co.
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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