JPMorgan Chase & Co. (NYSE:JPM) Posts Earnings Results, Beats Expectations By $0.69 EPS

JPMorgan Chase & Co. (NYSE:JPM) announced its quarterly earnings data on Tuesday. The financial services provider reported $2.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.23 by $0.69, MarketWatch Earnings reports. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The firm had revenue of $29.90 billion during the quarter, compared to analyst estimates of $28.20 billion. During the same period in the previous year, the business posted $2.68 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis.

Shares of NYSE:JPM opened at $100.78 on Wednesday. The firm’s 50 day moving average price is $99.30 and its 200-day moving average price is $96.68. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $307.14 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 3.25 and a beta of 1.15.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

JPM has been the topic of a number of research analyst reports. Independent Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $110.00 in a research report on Tuesday, September 29th. Morgan Stanley reaffirmed a “buy” rating and issued a $106.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. Goldman Sachs Group raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 24th. Seaport Global Securities began coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 8th. They issued a “buy” rating and a $119.00 target price on the stock. Finally, Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price target on the stock in a research note on Thursday, July 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $111.51.

JPMorgan Chase & Co. Company Profile

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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