Equities Analysts Offer Predictions for JPMorgan Chase & Co.’s FY2018 Earnings (JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Research analysts at Jefferies Financial Group lifted their FY2018 earnings estimates for shares of JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, October 15th, Zacks Investment Research reports. Jefferies Financial Group analyst K. Usdin now expects that the financial services provider will earn $9.30 per share for the year, up from their previous forecast of $9.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, topping the consensus estimate of $2.24 by $0.10. The company had revenue of $27.26 billion during the quarter, compared to the consensus estimate of $27.20 billion. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. During the same quarter last year, the firm posted $1.76 EPS.

Other analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reissued a “$111.53” rating and issued a $127.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 18th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $110.00 to $118.00 and gave the company a “market perform” rating in a research report on Monday, July 16th. Royal Bank of Canada reissued a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Wolfe Research began coverage on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 25th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, September 17th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and a consensus target price of $123.44.

Shares of JPM stock traded down $1.09 during trading hours on Wednesday, hitting $111.29. 10,430,971 shares of the company were exchanged, compared to its average volume of 18,809,724. JPMorgan Chase & Co. has a fifty-two week low of $95.95 and a fifty-two week high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. The company has a market cap of $382.59 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 annualized dividend and a yield of 2.88%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 46.58%.

In related news, Director Mellody L. Hobson acquired 1,150 shares of the company’s stock in a transaction on Friday, October 19th. The shares were acquired at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following the purchase, the director now owns 2,632 shares in the company, valued at $286,730.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. ADAMCAPITAL Gestao de Recursos Ltda. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $262,139,000. Silicon Valley Capital Partners bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth $231,000. MRJ Capital Inc. raised its stake in shares of JPMorgan Chase & Co. by 1.2% during the 1st quarter. MRJ Capital Inc. now owns 66,179 shares of the financial services provider’s stock worth $7,277,000 after purchasing an additional 800 shares during the period. OLD Dominion Capital Management Inc. raised its stake in JPMorgan Chase & Co. by 14.2% in the 1st quarter. OLD Dominion Capital Management Inc. now owns 6,070 shares of the financial services provider’s stock valued at $668,000 after acquiring an additional 756 shares during the period. Finally, Albert D Mason Inc. bought a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $424,000. Institutional investors and hedge funds own 70.43% 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, 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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