JPMorgan Chase & Co. (NYSE:JPM) Expected to Post Quarterly Sales of $29.58 Billion

Brokerages expect that JPMorgan Chase & Co. (NYSE:JPM) will post $29.58 billion in sales for the current quarter, according to Zacks. Three analysts have provided estimates for JPMorgan Chase & Co.’s earnings, with the lowest sales estimate coming in at $29.01 billion and the highest estimate coming in at $30.34 billion. JPMorgan Chase & Co. posted sales of $29.12 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The firm is expected to issue its next earnings results before the market opens on Tuesday, April 14th.

On average, analysts expect that JPMorgan Chase & Co. will report full-year sales of $117.56 billion for the current year, with estimates ranging from $115.53 billion to $120.01 billion. For the next fiscal year, analysts anticipate that the company will post sales of $120.97 billion, with estimates ranging from $117.95 billion to $124.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.25. The business had revenue of $28.30 billion for the quarter, compared to analysts’ expectations of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.98 EPS.

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 price target on the stock. in a research report on Monday, December 9th. UBS Group cut JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and raised their target price for the company from $132.00 to $138.00 in a research report on Monday, January 6th. Societe Generale cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Piper Sandler raised their target price on JPMorgan Chase & Co. from $141.00 to $149.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Finally, Bank of America restated a “buy” rating and issued a $147.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $135.00.

Shares of JPMorgan Chase & Co. stock traded down $3.65 on Monday, reaching $132.16. 13,606,778 shares of the company were exchanged, compared to its average volume of 8,480,946. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.93 and a current ratio of 0.92. The company’s 50-day moving average is $136.32 and its two-hundred day moving average is $126.29. The firm has a market cap of $425.97 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 2.54 and a beta of 1.19. JPMorgan Chase & Co. has a 1-year low of $98.09 and a 1-year high of $141.10.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

In other news, insider Nicole Giles sold 3,015 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $137.10, for a total transaction of $413,356.50. Following the completion of the sale, the insider now directly owns 10,607 shares of the company’s stock, valued at approximately $1,454,219.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas B. Petno sold 62,085 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $131.94, for a total value of $8,191,494.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,814 shares of company stock valued at $17,318,144. Corporate insiders own 0.76% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meridian Financial Partners LLC raised its holdings in JPMorgan Chase & Co. by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 4,753 shares of the financial services provider’s stock valued at $651,000 after buying an additional 76 shares in the last quarter. Signet Financial Management LLC grew its position in shares of JPMorgan Chase & Co. by 1.7% in the fourth quarter. Signet Financial Management LLC now owns 4,678 shares of the financial services provider’s stock valued at $652,000 after purchasing an additional 78 shares during the last quarter. Corundum Group Inc. grew its position in shares of JPMorgan Chase & Co. by 2.3% in the fourth quarter. Corundum Group Inc. now owns 3,590 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 79 shares during the last quarter. Integrated Investment Consultants LLC grew its position in shares of JPMorgan Chase & Co. by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 20,458 shares of the financial services provider’s stock valued at $2,852,000 after purchasing an additional 84 shares during the last quarter. Finally, Eukles Asset Management grew its position in shares of JPMorgan Chase & Co. by 36.5% in the third quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 85 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

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

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