Research Analysts Issue Forecasts for JPMorgan Chase & Co.’s Q1 2018 Earnings (JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Research analysts at Jefferies Group boosted their Q1 2018 EPS estimates for JPMorgan Chase & Co. in a note issued to investors on Wednesday. Jefferies Group analyst K. Usdin now forecasts that the financial services provider will post earnings per share of $2.26 for the quarter, up from their previous forecast of $2.12. Jefferies Group currently has a “Buy” rating and a $131.00 price target on the stock. Jefferies Group also issued estimates for JPMorgan Chase & Co.’s Q2 2018 earnings at $2.14 EPS, Q3 2018 earnings at $2.25 EPS, Q4 2018 earnings at $2.09 EPS, FY2018 earnings at $8.75 EPS and FY2019 earnings at $9.60 EPS.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same quarter in the prior year, the business earned $1.71 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis.

JPM has been the subject of several other reports. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price objective for the company in a research report on Tuesday, February 13th. ValuEngine raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Vining Sparks reissued a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Vetr raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 price objective for the company in a research report on Monday, February 12th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $109.67.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $117.31 on Friday. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $117.45. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. The firm has a market capitalization of $407,030.00, a P/E ratio of 18.39, a PEG ratio of 1.97 and a beta of 1.22.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were paid a dividend of $0.56 per share. The ex-dividend date was Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.91%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,434 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the transaction, the insider now directly owns 98,811 shares in the company, valued at $11,088,570.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary E. Erdoes sold 65,101 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the transaction, the chief executive officer now owns 479,882 shares of the company’s stock, valued at $53,866,754.50. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock valued at $17,098,115 over the last quarter. Corporate insiders own 0.88% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in JPM. ADAMCAPITAL Gestao de Recursos Ltda. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $262,139,000. Certified Advisory Corp acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $259,000. Ackerman Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $399,000. Wagner Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $454,000. Finally, D.B. Root & Company LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $302,000. Hedge funds and other institutional investors own 73.02% of the company’s stock.

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JPMorgan Chase & Co. Company Profile

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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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