Headlines about JPMorgan Chase & Co. (NYSE:JPM) have been trending very positive this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. JPMorgan Chase & Co. earned a media sentiment score of 3.07 on their scale. InfoTrie also gave media coverage about the financial services provider an news buzz score of 4 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected JPMorgan Chase & Co.’s ranking:
- Has Smart Money Perfectly Timed Its JPMorgan Chase & Co. (JPM) Buying Spurt? (feedproxy.google.com)
- UAE lender UNB hires JPMorgan for merger talks-sources (feeds.reuters.com)
- Why Warren Buffett Is Big on Big Banks (finance.yahoo.com)
- Citigroup, JPMorgan to pay $182.5 million to settle rate-rigging lawsuit (finance.yahoo.com)
- Mexico to Vote in Project Referendums That Have Sunk Markets (finance.yahoo.com)
A number of research analysts recently commented on JPM shares. Bank of America increased their target price on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Friday, September 14th. Vining Sparks reissued a “buy” rating and issued a $125.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, October 12th. Wells Fargo & Co set a $130.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Thursday, November 15th. Finally, BMO Capital Markets increased their target price on JPMorgan Chase & Co. to $124.00 and gave the company a “market perform” rating in a research note on Monday, October 15th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Buy” and a consensus target price of $123.49.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. The firm had revenue of $27.26 billion for the quarter, compared to analysts’ expectations of $27.20 billion. During the same period last year, the firm earned $1.76 earnings per share. As a group, analysts anticipate that JPMorgan Chase & Co. will post 9.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, October 5th were paid a dividend of $0.80 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 46.58%.
In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 1,150 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The shares were bought at an average cost of $108.94 per share, with a total value of $125,281.00. Following the completion of the purchase, the director now directly owns 2,632 shares of the company’s stock, valued at $286,730.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is currently owned by company insiders.
About JPMorgan Chase & Co.
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.
See Also: Buyback
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