$27.45 Billion in Sales Expected for JPMorgan Chase & Co. (JPM) This Quarter

Equities research analysts forecast that JPMorgan Chase & Co. (NYSE:JPM) will announce $27.45 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for JPMorgan Chase & Co.’s earnings, with the lowest sales estimate coming in at $27.13 billion and the highest estimate coming in at $27.93 billion. JPMorgan Chase & Co. posted sales of $25.33 billion during the same quarter last year, which would indicate a positive year over year growth rate of 8.4%. The firm is expected to report its next earnings results before the market opens on Friday, October 12th.

On average, analysts expect that JPMorgan Chase & Co. will report full year sales of $110.21 billion for the current fiscal year, with estimates ranging from $109.68 billion to $110.96 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $115.20 billion, with estimates ranging from $113.71 billion to $117.04 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 13th. The financial services provider reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.07. The business had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.62 billion. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%.

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “$111.53” rating and issued a $127.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 18th. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. from $110.00 to $118.00 and gave the company a “market perform” rating in a research report on Monday, July 16th. Royal Bank of Canada reissued a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Goldman Sachs Group set a $128.00 price objective on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Monday, July 23rd. Finally, Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, September 17th. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $122.13.

In other news, CEO Gordon Smith sold 30,725 shares of the firm’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of JPM. Summit Trail Advisors LLC boosted its stake in JPMorgan Chase & Co. by 10,129.2% in the first quarter. Summit Trail Advisors LLC now owns 6,914,142 shares of the financial services provider’s stock valued at $6,914,000 after acquiring an additional 6,846,550 shares during the period. OppenheimerFunds Inc. boosted its stake in JPMorgan Chase & Co. by 104.9% in the first quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock valued at $995,342,000 after acquiring an additional 4,634,515 shares during the period. FMR LLC boosted its stake in JPMorgan Chase & Co. by 4.5% in the second quarter. FMR LLC now owns 91,209,565 shares of the financial services provider’s stock valued at $9,504,036,000 after acquiring an additional 3,913,869 shares during the period. Mackenzie Financial Corp boosted its stake in JPMorgan Chase & Co. by 421.0% in the fourth quarter. Mackenzie Financial Corp now owns 3,427,864 shares of the financial services provider’s stock valued at $366,576,000 after acquiring an additional 2,769,926 shares during the period. Finally, Charles Schwab Investment Advisory Inc. acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $278,896,000. Institutional investors and hedge funds own 70.56% of the company’s stock.

Shares of JPM traded down $0.88 during trading hours on Friday, hitting $114.44. The stock had a trading volume of 435,910 shares, compared to its average volume of 14,197,425. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $387.26 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. JPMorgan Chase & Co. has a 12-month low of $94.96 and a 12-month high of $119.33.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, October 5th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 annualized dividend and a dividend yield of 2.80%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 46.58%.

JPMorgan Chase & Co. 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.

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

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