JPMorgan Chase & Co. (NYSE:JPM) – Jefferies Group boosted their FY2018 EPS estimates for shares of JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will post earnings per share of $8.60 for the year, up from their previous estimate of $7.65. Jefferies Group currently has a “Buy” rating and a $111.00 target price on the stock. Jefferies Group also issued estimates for JPMorgan Chase & Co.’s FY2019 earnings at $9.35 EPS.
A number of other brokerages have also recently commented on JPM. Societe Generale cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday. Vetr cut shares of JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price target on the stock. in a research report on Wednesday. Credit Suisse Group raised shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, January 5th. Barclays upped their price target on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $120.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Wednesday, December 20th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $93.64.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. The business had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 earnings per share.
Several institutional investors and hedge funds have recently bought and sold shares of JPM. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $102,000. Welch Investments LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $103,000. Legacy Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $106,000. Atlantic Trust LLC purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $136,000. Finally, Lipe & Dalton purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $143,000. Institutional investors own 73.76% of the company’s stock.
In related news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.88% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be issued a $0.56 dividend. The ex-dividend date is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.04%. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.14%.
WARNING: This report was posted by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.com-unik.info/2018/01/10/fy2018-eps-estimates-for-jpmorgan-chase-co-boosted-by-analyst-jpm.html.
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.
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.