JPMorgan Chase & Co. (NYSE:JPM) Issues Quarterly Earnings Results

JPMorgan Chase & Co. (NYSE:JPM) posted its quarterly earnings results on Tuesday. The financial services provider reported $3.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.00 by $0.74, MarketWatch Earnings reports. JPMorgan Chase & Co. had a net margin of 37.71% and a return on equity of 19.26%. The business had revenue of $29.60 billion during the quarter, compared to analyst estimates of $29.63 billion. During the same period in the previous year, the business posted $2.92 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis.

Shares of NYSE:JPM opened at $161.00 on Thursday. The company has a market capitalization of $481.09 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 2.24 and a beta of 1.20. The firm’s 50 day simple moving average is $160.59 and its 200 day simple moving average is $157.52. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.85 and a quick ratio of 0.85. JPMorgan Chase & Co. has a fifty-two week low of $95.24 and a fifty-two week high of $171.51.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 31st. Investors of record on Wednesday, October 6th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.90. The ex-dividend date is Tuesday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 45.05%.

An institutional investor recently raised its position in JPMorgan Chase & Co. stock. Morgan Stanley boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,288,577 shares of the financial services provider’s stock after buying an additional 510,298 shares during the period. JPMorgan Chase & Co. makes up approximately 0.8% of Morgan Stanley’s holdings, making the stock its 13th biggest holding. Morgan Stanley owned 1.28% of JPMorgan Chase & Co. worth $5,955,407,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 69.67% of the company’s stock.

Several research firms have recently commented on JPM. Royal Bank of Canada lifted their price target on shares of JPMorgan Chase & Co. from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday. The Goldman Sachs Group set a $198.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday. Credit Suisse Group set a $177.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $150.00 to $166.00 and gave the stock an “underweight” rating in a research report on Thursday, July 29th. Finally, Jefferies Financial Group boosted their price target on shares of JPMorgan Chase & Co. from $177.00 to $198.00 and gave the stock a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $170.24.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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