Wall Street analysts expect that JPMorgan Chase & Co. (NYSE:JPM) will report sales of $28.11 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for JPMorgan Chase & Co.’s earnings, with the lowest sales estimate coming in at $27.21 billion and the highest estimate coming in at $29.04 billion. JPMorgan Chase & Co. reported sales of $27.91 billion during the same quarter last year, which indicates a positive year over year growth rate of 0.7%. The firm is scheduled to issue its next earnings results on Friday, April 12th.

According to Zacks, analysts expect that JPMorgan Chase & Co. will report full-year sales of $114.38 billion for the current fiscal year, with estimates ranging from $112.17 billion to $116.27 billion. For the next fiscal year, analysts anticipate that the business will report sales of $118.14 billion, with estimates ranging from $115.37 billion to $120.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results 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). JPMorgan Chase & Co. had a net margin of 24.71% and a return on equity of 14.07%. The business had revenue of $26.10 billion for the quarter, compared to the consensus estimate of $26.69 billion. During the same quarter in the previous year, the company earned $1.76 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 8.1% compared to the same quarter last year.

JPM has been the subject of a number of research reports. Atlantic Securities downgraded JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. Barclays raised their price objective on JPMorgan Chase & Co. from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 2nd. BMO Capital Markets dropped their target price on JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating for the company in a report on Wednesday, January 16th. Morgan Stanley dropped their target price on JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating for the company in a report on Tuesday, January 8th. Finally, Jefferies Financial Group cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 target price for the company. in a report on Tuesday, January 8th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Buy” and a consensus price target of $122.87.

In related news, General Counsel Stacey Friedman sold 3,022 shares of the firm’s stock in a transaction 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 approximately $1,314,495. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 5,831 shares of the firm’s stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $102.78, for a total value of $599,310.18. Following the sale, the insider now directly owns 98,838 shares of the company’s stock, valued at $10,158,569.64. 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 over the last ninety days. Insiders own 0.73% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in JPM. Financial Gravity Companies Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $36,000. Acima Private Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $38,000. Smart Portfolios LLC raised its stake in shares of JPMorgan Chase & Co. by 29.6% in the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 114 shares during the period. Contravisory Investment Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 188.3% in the 4th quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 354 shares during the period. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $56,000. 69.08% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:JPM opened at $105.34 on Tuesday. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24. The company has a market cap of $358.26 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 1.60 and a beta of 1.12. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. Company Profile

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.

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

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