JPMorgan Chase & Co. (NYSE:JPM) – Research analysts at Oppenheimer Holdings raised their FY2016 EPS estimates for JPMorgan Chase & Co. in a report issued on Friday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the brokerage will post earnings of $5.85 per share for the year, up from their previous estimate of $5.55. Oppenheimer Holdings has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for JPMorgan Chase & Co.’s FY2017 earnings at $6.22 EPS.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.19. The firm earned $25.50 billion during the quarter. JPMorgan Chase & Co. had a return on equity of 10.47% and a net margin of 22.92%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.54 EPS.

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

Other equities research analysts also recently issued reports about the company. KeyCorp reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 12th. Jefferies Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 10th. Credit Suisse Group AG reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Barclays PLC reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $72.38.

JPMorgan Chase & Co. (NYSE:JPM) opened at 67.70 on Monday. JPMorgan Chase & Co. has a 12-month low of $52.50 and a 12-month high of $69.06. The firm has a 50-day moving average price of $67.08 and a 200-day moving average price of $64.19. The stock has a market cap of $244.50 billion, a PE ratio of 11.47 and a beta of 1.54.

Large investors have recently bought and sold shares of the stock. Thomaspartners Inc. raised its stake in JPMorgan Chase & Co. by 2.8% in the first quarter. Thomaspartners Inc. now owns 2,209,051 shares of the financial services provider’s stock valued at $130,820,000 after buying an additional 59,821 shares in the last quarter. Royal Bank of Scotland Group PLC increased its position in shares of JPMorgan Chase & Co. by 0.6% in the first quarter. Royal Bank of Scotland Group PLC now owns 533,397 shares of the financial services provider’s stock worth $31,588,000 after buying an additional 3,010 shares during the last quarter. CIBC World Markets Inc. increased its position in shares of JPMorgan Chase & Co. by 4.6% in the second quarter. CIBC World Markets Inc. now owns 602,402 shares of the financial services provider’s stock worth $37,433,000 after buying an additional 26,543 shares during the last quarter. Aviva PLC increased its position in shares of JPMorgan Chase & Co. by 1.4% in the first quarter. Aviva PLC now owns 2,598,743 shares of the financial services provider’s stock worth $153,898,000 after buying an additional 35,131 shares during the last quarter. Finally, Marathon Asset Management LLP increased its position in shares of JPMorgan Chase & Co. by 1.9% in the second quarter. Marathon Asset Management LLP now owns 398,477 shares of the financial services provider’s stock worth $24,763,000 after buying an additional 7,247 shares during the last quarter. Institutional investors and hedge funds own 73.41% of the company’s stock.

In other news, CEO Mary E. Erdoes sold 25,542 shares of the business’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $67.26, for a total value of $1,717,954.92. Following the completion of the sale, the chief executive officer now owns 291,080 shares in the company, valued at approximately $19,578,040.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Marianne Lake sold 14,083 shares of the business’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $67.26, for a total transaction of $947,222.58. Following the completion of the sale, the chief financial officer now owns 16,581 shares of the company’s stock, valued at approximately $1,115,238.06. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, October 4th. This represents a $1.92 annualized dividend and a dividend yield of 2.84%. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.10%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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