JPMorgan Chase & Co. (JPM) to Release Earnings on Tuesday

JPMorgan Chase & Co. (NYSE:JPM) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 15th. Analysts expect JPMorgan Chase & Co. to post earnings of $2.42 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The business had revenue of $28.83 billion for the quarter, compared to the consensus estimate of $28.52 billion. During the same quarter last year, the firm posted $2.29 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts expect JPMorgan Chase & Co. to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Shares of JPM stock opened at $116.14 on Friday. The company’s fifty day simple moving average is $114.14 and its 200-day simple moving average is $111.46. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $120.40. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The company has a market cap of $360.13 billion, a PE ratio of 12.90, a P/E/G ratio of 1.63 and a beta of 1.20.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, October 3rd. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 40.00%.

In related news, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the sale, the insider now directly owns 10,130 shares in the company, valued at approximately $1,157,656.40. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

JPM has been the topic of a number of research reports. Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. Morgan Stanley set a $122.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 9th. Royal Bank of Canada set a $120.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Monday, October 7th. Credit Suisse Group set a $135.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday. Finally, ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $122.40.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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