The JPMorgan Chase & Co. (JPM) Expected to Post Quarterly Sales of $25.04 Billion

The JPMorgan Chase & Co. (JPM) Expected to Post Quarterly Sales of $25.04 Billion

On average, analysts expect that JPMorgan Chase & Co. will report full year sales of $25.04 billion for the current financial year, with estimates ranging from $98.86 billion to $103.84 billion. For the next fiscal year, analysts anticipate that the business will report sales of $107.52 billion per share, with estimates ranging from $103.47 billion to $112.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover JPMorgan Chase & Co..

Wall Street brokerages forecast that JPMorgan Chase & Co. (NYSE:JPM) will announce $25.04 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for JPMorgan Chase & Co.’s earnings. The highest sales estimate is $25.57 billion and the lowest is $24.73 billion. JPMorgan Chase & Co. reported sales of $24.38 billion in the same quarter last year, which would suggest a positive year over year growth rate of 2.7%. The firm is scheduled to report its next earnings report on Thursday, July 13th.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Thursday, April 13th. The financial services provider reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. The business had revenue of $25.59 billion for the quarter, compared to analyst estimates of $24.40 billion. JPMorgan Chase & Co. had a return on equity of 10.91% and a net margin of 23.45%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 EPS. A number of analysts recently commented on JPM shares. Daiwa Capital Markets raised JPMorgan Chase & Co. from a “hold” rating to an “outperform” rating in a research report on Tuesday, February 7th. BMO Capital Markets reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 1st. Rafferty Capital Markets reaffirmed a “buy” rating and set a $97.00 price target (up from $96.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, March 21st. Credit Suisse Group AG increased their price target on JPMorgan Chase & Co. to $99.00 and gave the company a “buy” rating in a research report on Wednesday, March 15th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $100.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, March 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $80.46.

In other JPMorgan Chase & Co. news, Director James S. Crown acquired 11,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The stock was bought at an average price of $85.48 per share, with a total value of $983,020.00. Following the completion of the purchase, the director now owns 299,862 shares of the company’s stock, valued at $25,632,203.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Matthew E. Zames sold 3,405 shares of JPMorgan Chase & Co. stock in a transaction on Monday, April 17th. The shares were sold at an average price of $85.06, for a total value of $289,629.30. Following the sale, the chief operating officer now directly owns 329,019 shares of the company’s stock, valued at approximately $27,986,356.14. The disclosure for this sale can be found here. Insiders have sold 20,711 shares of company stock valued at $1,775,791 in the last three months. 0.85% of the stock is owned by corporate insiders. Large investors have recently bought and sold shares of the stock. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of JPMorgan Chase & Co. by 0.5% in the third quarter. Pinnacle Wealth Management Advisory Group LLC now owns 24,928 shares of the financial services provider’s stock valued at $1,660,000 after buying an additional 115 shares during the period. CKW Financial Group raised its stake in shares of JPMorgan Chase & Co. by 0.8% in the third quarter. CKW Financial Group now owns 25,657 shares of the financial services provider’s stock valued at $1,709,000 after buying an additional 200 shares during the period. Rikoon Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at about $212,000. Relative Value Partners Group LLC raised its stake in shares of JPMorgan Chase & Co. by 16.4% in the third quarter. Relative Value Partners Group LLC now owns 5,818 shares of the financial services provider’s stock valued at $387,000 after buying an additional 818 shares during the period. Finally, Pioneer Trust Bank N A OR raised its stake in shares of JPMorgan Chase & Co. by 1.3% in the third quarter. Pioneer Trust Bank N A OR now owns 54,794 shares of the financial services provider’s stock valued at $3,648,000 after buying an additional 700 shares during the period. 73.65% of the stock is owned by institutional investors.

JPMorgan Chase & Co. (JPM) traded down 0.51% on Thursday, hitting $82.64. The company had a trading volume of 14,998,489 shares. The stock has a market capitalization of $293.56 billion, a PE ratio of 12.72 and a beta of 1.49. JPMorgan Chase & Co. has a one year low of $57.05 and a one year high of $93.98. The stock has a 50 day moving average of $85.91 and a 200-day moving average of $86.27. JPMorgan Chase & Co. also saw some unusual options trading on Thursday. Traders acquired 36,484 call options on the company. This represents an increase of approximately 106% compared to the typical daily volume of 17,696 call options. The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.42%. The ex-dividend date is Monday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is 31.02%.

JPMorgan Chase & Co. (JPM) traded down 0.51% on Thursday, hitting $82.64. The company had a trading volume of 14,998,489 shares. The stock has a market capitalization of $293.56 billion, a PE ratio of 12.72 and a beta of 1.49. JPMorgan Chase & Co. has a one year low of $57.05 and a one year high of $93.98. The stock has a 50 day moving average of $85.91 and a 200-day moving average of $86.27. JPMorgan Chase & Co. also saw some unusual options trading on Thursday. Traders acquired 36,484 call options on the company. This represents an increase of approximately 106% compared to the typical daily volume of 17,696 call options. About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “JPM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Get a free copy of the Zacks research report on JPMorgan Chase & Co. (JPM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Related posts

Leave a Comment