JPMorgan Chase & Co. (NYSE:JPM) Releases Earnings Results

JPMorgan Chase & Co. (NYSE:JPM) posted its earnings results on Tuesday. The financial services provider reported $3.74 EPS for the quarter, beating the Zacks’ consensus estimate of $3.00 by $0.74, MarketWatch Earnings reports. JPMorgan Chase & Co. had a return on equity of 19.26% and a net margin of 37.71%. The firm had revenue of $29.60 billion for the quarter, compared to analysts’ expectations of $29.63 billion. During the same period last year, the firm earned $2.92 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis.

Shares of JPM stock opened at $161.00 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.18. JPMorgan Chase & Co. has a 12 month low of $95.24 and a 12 month high of $171.51. The company has a market cap of $481.09 billion, a P/E ratio of 10.74, a PEG ratio of 2.24 and a beta of 1.20. The firm has a fifty day moving average price of $160.59 and a 200 day moving average price of $157.52.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 31st. Investors of record on Wednesday, October 6th will be paid a dividend of $1.00 per share. The ex-dividend date is Tuesday, October 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.90. JPMorgan Chase & Co.’s payout ratio is presently 45.05%.

Several research firms recently issued reports on JPM. Royal Bank of Canada lifted their price objective on JPMorgan Chase & Co. from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $150.00 to $166.00 and gave the stock an “underweight” rating in a report on Thursday, July 29th. Barclays set a $187.00 price objective on JPMorgan Chase & Co. in a report on Wednesday, July 14th. BMO Capital Markets lifted their price objective on JPMorgan Chase & Co. from $136.00 to $141.00 and gave the stock a “market perform” rating in a report on Wednesday, July 14th. Finally, Jefferies Financial Group raised their target price on shares of JPMorgan Chase & Co. from $177.00 to $198.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to, JPMorgan Chase & Co. has an average rating of “Buy” and a consensus price target of $170.24.

An institutional investor recently raised its position in JPMorgan Chase & Co. stock. Morgan Stanley raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,288,577 shares of the financial services provider’s stock after acquiring an additional 510,298 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.8% of Morgan Stanley’s portfolio, making the stock its 13th largest position. Morgan Stanley owned approximately 1.28% of JPMorgan Chase & Co. worth $5,955,407,000 at the end of the most recent reporting period. 69.67% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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