JPMorgan Chase & Co. (JPM) to Release Earnings on Friday
JPMorgan Chase & Co. (NYSE:JPM) is scheduled to release its earnings data before the market opens on Friday, January 15th. Analysts expect JPMorgan Chase & Co. to post earnings of $2.35 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The firm had revenue of $29.90 billion for the quarter, compared to analyst estimates of $28.20 billion. During the same period in the prior year, the firm posted $2.68 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect JPMorgan Chase & Co. to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Shares of NYSE JPM opened at $140.35 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s fifty day moving average price is $124.63 and its two-hundred day moving average price is $106.64. JPMorgan Chase & Co. has a one year low of $76.91 and a one year high of $141.66. The firm has a market cap of $427.82 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 3.20 and a beta of 1.22.
A number of brokerages have commented on JPM. Daiwa Capital Markets began coverage on JPMorgan Chase & Co. in a report on Wednesday, January 6th. They issued an “outperform” rating and a $139.00 price objective on the stock. Royal Bank of Canada upped their target price on JPMorgan Chase & Co. from $110.00 to $130.00 in a research report on Wednesday, December 9th. Piper Sandler upped their target price on JPMorgan Chase & Co. from $118.00 to $150.00 and gave the company an “overweight” rating in a research report on Monday. Independent Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Thursday, December 3rd. Finally, Bank of America upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and an average price target of $121.51.
In other JPMorgan Chase & Co. news, insider Nicole Giles sold 2,281 shares of the stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $100.98, for a total value of $230,335.38. Also, EVP Marianne Lake sold 15,808 shares of the stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $120.01, for a total value of $1,897,118.08. Insiders sold 21,386 shares of company stock valued at $2,460,813 over the last quarter. Corporate insiders own 0.78% of the company’s stock.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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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