News headlines about JPMorgan Chase & Co. (NYSE:JPM) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. JPMorgan Chase & Co. earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 47.0681901453815 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Q4 2018 Earnings Estimate for JPMorgan Chase & Co. Issued By Jefferies Group (JPM) (americanbankingnews.com)
- Insider Buying: JPMorgan Chase & Co. (JPM) Director Buys 7,280 Shares of Stock (americanbankingnews.com)
- Tampa Bay Lightning Selects Venuetize For Venue Mobile App (prweb.com)
- JPMorgan Earnings Review: Bullish – Seeking Alpha (seekingalpha.com)
- Surging Earnings Estimates Signal Good News for JPMorgan Chase & Co. (JPM) – Nasdaq (nasdaq.com)
JPM has been the topic of a number of recent research reports. Argus raised their target price on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Nomura set a $115.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Friday, January 12th. Credit Suisse Group reissued an “outperform” rating and issued a $125.00 target price (up previously from $120.00) on shares of JPMorgan Chase & Co. in a report on Tuesday. Finally, Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $105.81.
JPMorgan Chase & Co. (JPM) traded up $0.27 on Thursday, hitting $113.26. The stock had a trading volume of 14,572,911 shares, compared to its average volume of 14,300,000. The company has a market capitalization of $392,980.00, a PE ratio of 17.75, a PEG ratio of 2.00 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $113.72.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 earnings per share. equities analysts forecast that JPMorgan Chase & Co. will post 8.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.11%.
In related news, General Counsel Stacey Friedman sold 17,729 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the sale, the general counsel now owns 21,260 shares of the company’s stock, valued at $2,388,135.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 479,882 shares in the company, valued at approximately $53,866,754.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 127,614 shares of company stock worth $14,302,869. Corporate insiders own 0.88% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://ledgergazette.com/2018/01/18/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-jpmorgan-chase-co-jpm-stock-price.html.
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 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.