Analysts Issue Forecasts for JPMorgan Chase & Co.’s FY2016 Earnings (JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Analysts at Jefferies Group lifted their FY2016 earnings estimates for JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. Jefferies Group analyst K. Usdin now expects that the firm will earn $5.96 per share for the year, up from their previous estimate of $5.56. Jefferies Group has a “Buy” rating and a $77.00 price objective on the stock. Jefferies Group also issued estimates for JPMorgan Chase & Co.’s Q4 2016 earnings at $1.48 EPS, Q1 2017 earnings at $1.55 EPS, Q2 2017 earnings at $1.54 EPS, Q3 2017 earnings at $1.63 EPS, Q4 2017 earnings at $1.62 EPS, FY2017 earnings at $6.35 EPS and FY2018 earnings at $7.10 EPS.

A number of other research analysts have also commented on JPM. Drexel Hamilton reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Sunday, July 17th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Wells Fargo & Co. reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. BMO Capital Markets reissued a “buy” rating and issued a $74.00 target price (down previously from $77.00) on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Finally, Barclays PLC reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $72.38.

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

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.74% during midday trading on Tuesday, reaching $67.67. The company had a trading volume of 6,406,605 shares. The firm’s 50 day moving average price is $67.06 and its 200-day moving average price is $64.13. The company has a market capitalization of $244.39 billion, a P/E ratio of 11.47 and a beta of 1.54. JPMorgan Chase & Co. has a 12 month low of $52.50 and a 12 month high of $69.06.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, October 14th. The financial services provider reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.19. JPMorgan Chase & Co. had a return on equity of 10.47% and a net margin of 22.92%. The firm had revenue of $25.50 billion for the quarter. During the same period in the previous year, the firm earned $1.54 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 8.3% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Tuesday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.10%.

Several hedge funds have recently bought and sold shares of JPM. Family Firm Inc. boosted its stake in JPMorgan Chase & Co. by 0.3% in the second quarter. Family Firm Inc. now owns 3,489 shares of the financial services provider’s stock worth $217,000 after buying an additional 11 shares in the last quarter. Marshwinds Advisory Co. boosted its stake in JPMorgan Chase & Co. by 0.3% in the third quarter. Marshwinds Advisory Co. now owns 4,383 shares of the financial services provider’s stock worth $292,000 after buying an additional 11 shares in the last quarter. Nadler Financial Group Inc. boosted its stake in JPMorgan Chase & Co. by 0.3% in the second quarter. Nadler Financial Group Inc. now owns 5,142 shares of the financial services provider’s stock worth $320,000 after buying an additional 14 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in JPMorgan Chase & Co. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock worth $125,000 after buying an additional 14 shares in the last quarter. Finally, Evanson Asset Management LLC boosted its stake in JPMorgan Chase & Co. by 0.4% in the second quarter. Evanson Asset Management LLC now owns 4,969 shares of the financial services provider’s stock worth $309,000 after buying an additional 18 shares in the last quarter. Institutional investors own 73.41% of the company’s stock.

About JPMorgan Chase & Co.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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