Equities analysts forecast that JPMorgan Chase & Co. (NYSE:JPM) will report earnings of $2.35 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for JPMorgan Chase & Co.’s earnings, with the lowest EPS estimate coming in at $2.14 and the highest estimate coming in at $2.49. JPMorgan Chase & Co. posted earnings per share of $2.37 during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.8%. The company is expected to issue its next earnings results before the market opens on Friday, April 12th.

On average, analysts expect that JPMorgan Chase & Co. will report full year earnings of $9.73 per share for the current fiscal year, with EPS estimates ranging from $9.48 to $9.94. For the next year, analysts anticipate that the business will report earnings of $10.57 per share, with EPS estimates ranging from $10.25 to $10.85. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.22). The firm had revenue of $26.10 billion for the quarter, compared to analyst estimates of $26.69 billion. JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.76 earnings per share.

Several research analysts have recently weighed in on the stock. 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. Barclays restated a “buy” rating and set a $140.00 price objective on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Wells Fargo & Co restated an “outperform” rating and set a $130.00 price objective (up from $121.00) on shares of JPMorgan Chase & Co. in a research note on Thursday, February 14th. Daiwa Capital Markets lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Finally, Morgan Stanley lowered their price objective on shares of JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $122.87.

Shares of JPMorgan Chase & Co. stock traded up $1.21 during trading on Friday, hitting $106.55. 24,703,030 shares of the stock were exchanged, compared to its average volume of 13,509,893. The firm has a market capitalization of $365.68 billion, a PE ratio of 11.84, a P/E/G ratio of 1.60 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 1.00.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,831 shares of the business’s stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $102.78, for a total value of $599,310.18. Following the completion of the sale, the insider now owns 98,838 shares of the company’s stock, valued at approximately $10,158,569.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 3,022 shares of the business’s stock in a transaction dated Tuesday, January 29th. The shares were 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 approximately $1,314,495. The disclosure for this sale can be found here. Insiders have sold a total of 39,191 shares of company stock valued at $4,102,110 in the last ninety days. 0.73% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Gravity Companies Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $36,000. Acima Private Wealth LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $38,000. Smart Portfolios LLC increased its position in JPMorgan Chase & Co. by 29.6% during the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 114 shares in the last quarter. Contravisory Investment Management Inc. increased its position in JPMorgan Chase & Co. by 188.3% during the 4th quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 354 shares in the last quarter. Finally, Semmax Financial Advisors Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $56,000. 69.08% of the stock is owned by hedge funds and other institutional investors.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Read More: Stock Symbols Definition, Examples, Lookup

Get a free copy of the Zacks research report on JPMorgan Chase & Co. (JPM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.