Jefferies Group Comments on JPMorgan Chase’s Q2 2018 Earnings (JPM)

JPMorgan Chase (NYSE:JPM) – Investment analysts at Jefferies Group upped their Q2 2018 earnings per share estimates for shares of JPMorgan Chase in a research report issued on Sunday, April 15th. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings per share of $2.19 for the quarter, up from their previous estimate of $2.18. Jefferies Group currently has a “Buy” rating and a $122.00 price target on the stock.

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JPM has been the topic of a number of other research reports. Keefe, Bruyette & Woods raised JPMorgan Chase from a “market perform” rating to an “outperform” rating and set a $127.00 price target on the stock in a research note on Tuesday, February 13th. ValuEngine raised JPMorgan Chase from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vining Sparks reissued a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase in a research note on Friday, January 12th. Vetr raised JPMorgan Chase from a “sell” rating to a “hold” rating and set a $105.98 price target on the stock in a research note on Monday, February 12th. Finally, Zacks Investment Research downgraded JPMorgan Chase from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $112.10.

NYSE:JPM opened at $109.32 on Tuesday. JPMorgan Chase has a 52-week low of $81.64 and a 52-week high of $119.33. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $378,236.19, a price-to-earnings ratio of 15.91, a PEG ratio of 1.86 and a beta of 1.24.

JPMorgan Chase (NYSE:JPM) last posted its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.09. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The firm had revenue of $27.90 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter in the prior year, the business earned $1.65 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, April 5th. JPMorgan Chase’s payout ratio is 32.61%.

In related news, Director Mellody L. Hobson acquired 18,000 shares of the firm’s stock in a transaction dated Monday, April 16th. The stock was bought at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the acquisition, the director now directly owns 864 shares of the company’s stock, valued at $95,947.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Scher sold 26,532 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Financial Gravity Companies Inc. acquired a new position in JPMorgan Chase in the fourth quarter valued at $104,000. Keeler Thomas Management LLC acquired a new position in shares of JPMorgan Chase during the fourth quarter valued at about $112,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase in the 3rd quarter worth about $102,000. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase in the 3rd quarter worth about $103,000. Finally, Cerebellum GP LLC acquired a new stake in shares of JPMorgan Chase in the 4th quarter worth about $119,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

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JPMorgan Chase Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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