Media headlines about JPMorgan Chase & Co. (NYSE:JPM) have been trending somewhat positive on Friday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. JPMorgan Chase & Co. earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.74265244046 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Kraft Heinz put on a deal-courting PR blitz, says JP Morgan (marketwatch.com)
- Amazon, Berkshire Hathaway, And JP Morgan Are Forming A Healthcare Mega-Company (forbes.com)
- Tax Cut: Boon or Bane for Goldman Sachs in 2018? (finance.yahoo.com)
- Worst-In-Class Goldman Sachs CEO Blankfein Gets 9% Pay Raise (finance.yahoo.com)
- Goldman Sachs: Investment Banking Division Getting Stronger (finance.yahoo.com)
Shares of JPMorgan Chase & Co. (JPM) traded down $0.83 on Friday, hitting $114.68. The stock had a trading volume of 13,214,253 shares, compared to its average volume of 17,070,000. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $117.35. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $397,910.00, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.97 and a beta of 1.22.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same period last year, the company earned $1.71 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. research analysts predict that JPMorgan Chase & Co. will post 8.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were given a dividend of $0.56 per share. The ex-dividend date was Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.95%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.11%.
JPM has been the topic of several research analyst reports. Vining Sparks reaffirmed a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Argus raised their price objective on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 5th. Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Finally, Wells Fargo & Co set a $120.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Wednesday, December 20th. 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 stock. The company has an average rating of “Hold” and a consensus target price of $108.71.
In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 65,101 shares of JPMorgan Chase & Co. 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 completion of the sale, the chief executive officer now directly owns 479,882 shares in the company, valued at $53,866,754.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 17,729 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total value of $1,991,498.57. Following the completion of the sale, the general counsel now owns 21,260 shares of the company’s stock, valued at $2,388,135.80. 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 90 days. 0.88% of the stock is owned by corporate insiders.
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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.
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