Jefferies Group Analysts Raise Earnings Estimates for JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Research analysts at Jefferies Group increased their Q1 2018 EPS estimates for shares of JPMorgan Chase & Co. in a research note issued on Wednesday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings per share of $2.26 for the quarter, up from their previous forecast of $2.12. Jefferies Group currently has a “Buy” rating and a $131.00 target price on the stock. Jefferies Group also issued estimates for JPMorgan Chase & Co.’s Q2 2018 earnings at $2.14 EPS, Q3 2018 earnings at $2.25 EPS, Q4 2018 earnings at $2.09 EPS, FY2018 earnings at $8.75 EPS and FY2019 earnings at $9.60 EPS.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley upped their price target on JPMorgan Chase & Co. from $133.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price target on the stock in a research report on Tuesday, February 13th. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 price target on the stock in a research report on Monday, February 12th. ValuEngine upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $109.67.

Shares of JPMorgan Chase & Co. (JPM) opened at $115.95 on Friday. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $117.45. The firm has a market capitalization of $398,950.00, a PE ratio of 18.17, a PEG ratio of 1.97 and a beta of 1.22. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the prior year, the business posted $1.71 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.93%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 17,729 shares of the company’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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mary E. Erdoes sold 65,101 shares of the company’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 completion of the sale, the chief executive officer now directly owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of JPM. ADAMCAPITAL Gestao de Recursos Ltda. bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $262,139,000. Certified Advisory Corp bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $259,000. Ackerman Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $399,000. Wagner Wealth Management LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $454,000. Finally, D.B. Root & Company LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $302,000. 73.02% of the stock is owned by institutional investors and hedge funds.

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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.

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

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