JPMorgan's profit beats estimates on increased trading

Apr 14, 2017, 01:17

Analysts mean target price for Square, Inc. JPMorgan Chase & Co. has an average rating of "Buy" and a consensus target price of $80.17. Analysts issue reports which often include a future stock price projection for the stock. Both closed below their 50-day moving averages for the first time since early November. (JPM) Stock now has the market capitalization of $308.9 Billion, P/E (price to earnings ttm) of 13.92 and Weekly volatility of 1.79% and monthly volatility of 1.74% respectively.

03/15/2017 - J P Morgan Chase & Co had its "outperform" rating reiterated by analysts at Credit Suisse.

For the fiscal quarter ending March 2017, the American bank is expected to post $1.24 earnings per share, higher than the previous consensus EPS estimate of $1.11 from the same period a year ago.

The bank's first-quarter profits increased to $6.45bn (£5.1bn), from $5.5bn in the same period in 2016.

JPMorgan shares had dropped 1 percent this year through Wednesday, the second-best performance among the six biggest United States banks.

Average credit card loans at JPMorgan rose to $137.2 billion in the first quarter, compared with $127.3 billion from a year earlier. (NYSE:JPM), stock is trading $93.44 above the 52-week high and has displayed a high EPS growth of 6.70% in last 5 years. Shareholders of record on Thursday, April 6th will be paid a dividend of $0.50 per share. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 31.02%.

On 1/17/2017 Daniel E Pinto, Director, sold 40,433 with an average share price of $84.15 per share and the total transaction amounting to $3,402,436.95. Following the completion of the transaction, the director now directly owns 246,591 shares of the company's stock, valued at approximately $20,750,632.65.

The Stock has Weekly volatility of 1.74% and monthly volatility of 1.74%. Following the completion of the transaction, the insider now directly owns 67,670 shares in the company, valued at approximately $5,694,430.50. The disclosure for this sale can be found here. Markets revenue grew 18%, with equities up 10% and fixed income climbing 19% to $3.62 billion. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Its return on assets (ROA) is -1.70% while return on investment (ROI) is -2.20%.

Gerspach said Trump's election and the expectations of tax cuts and other growth measures had boosted optimism for stronger growth, but "we haven't seen concrete changes yet in policies".

On 3/18/2014 JPMorgan Chase & Co. announced a quarterly dividend of $0.38. The current share price indicates that stock is -8.61% away from its one year high and is moving 53.67% ahead of its 52-week low.

Shares of JPMorgan reversed lower as falling Treasury yields squeezed the yield curve, sending the bank's stock down 0.9% in afternoon trading on the stock market today. The ERP5 Rank may assist investors with spotting companies that are undervalued.

JPMorgan Chase & Co is a financial holding company.

"We have taken significant actions throughout the company to date and we are committed to building a better bank as we move Wells Fargo forward". It operates in four segments, as well as a Corporate segment.

The firm had troubles with its consumer and community banking unit but this offset due to its revenues in commercial banking.

YOU MIGHT ALSO LIKE
  • Key Abu Sayyaf commander killed in Philippine military clashes

    Key Abu Sayyaf commander killed in Philippine military clashes

    Norwegian Kjartan Sekkingstad, 56, was released a year ago after Askali received US$638,000 as ransom payment. Askali, who used the nom de guerre Abu Rami, had partly served as an Abu Sayyaf spokesman in recent years.
    Markey to Trump: Negotiate with Kim Jong Un

    Markey to Trump: Negotiate with Kim Jong Un

    These launches defy United Nations resolutions that ban North Korea from any use of ballistic missile technology whatsoever. The South plans to deploy the new missile this year following further tests to determine its reliability, Yonhap said.

    Cyclone downgraded, damaging winds and heavy rain remain

    Only about 400 people came to cyclone shelters as the winds gathered strength and made venturing outside unsafe . This is likely to lead to river flooding in many areas of south-east Queensland over the next few days.
  • US envoy Nikki Haley says Syria regime change is 'inevitable'

    US envoy Nikki Haley says Syria regime change is 'inevitable'

    Russian Federation has warned that the USA missile strikes could have serious consequences for the region. Russian Federation is Syria's most powerful ally and has propped up the Assad regime with air power.

    Masters champion Willett likely to miss cut

    While he has given a shot back, Hoffman remains in command on -7, giving him a four shot lead in the day's early play at Augusta. The second is that ceremonial first shot. "We never did this modern-day prep, which I would strongly advised", Faldo said.

    Seattle mayor: Sex abuse allegations 'untrue'

    Mayor Murray's lawyer, Robert Sulkin, has also expressed his scepticism with the timing of DH's lawsuit. The Seattle Times also reports that neither Simpson nor Anderson were aware of the lawsuit by D.H.
  • Kremilin: Putin told Tillerson why US-Russian ties in bad state

    He said the US attack on the Syrian air base "was carried out in violation of global norms". -Russian ties and identify problems. Peskov also said Putin had given Tillerson his views on the situation in Syria, and how it was likely to develop.
    Celebrate National Grilled Cheese Day today with these North Jersey favorites

    Celebrate National Grilled Cheese Day today with these North Jersey favorites

    The foie gras isn't overly rich and the smoky pork balances the slightly sweet soup. Of course, you can always make grilled cheese yourself, but that involves work .

    Formula One: Hamilton wins 5th title

    Max Verstappen swept past about nine cars on the first lap, and clawed his way up into third place for the final few laps. Asked if passing all those cars on the opening lap felt like playing a video game, Verstappen said: "More or less".
  • Malala receives highest UN honor to promote girls

    Malala receives highest UN honor to promote girls

    There she began to blog anonymously for the BBC's Urdu language site, campaigning for the right of girls to an education. Yousafzai is the first UN Messenger of Peace to be appointed by the new Secretary-General.
    Sweden identifies truck attack suspect as 39-year-old Uzbek native

    Sweden identifies truck attack suspect as 39-year-old Uzbek native

    Friday's attack has deeply shocked the usually tranquil Scandinavian nation, which prides itself on its openness and tolerance. According to the Swedish TT news agency on Sunday, the suspect applied for a residence permit in Sweden in 2014.

    Westbrook ties triple-double mark; Thunder top Bucks 110-79

    Oklahoma City solidified its hold on the Western Conference's sixth seed, holding a 3 1/2-game lead over the Grizzlies. The Thunder, meanwhile, have Victor Oladipo and a bunch of no-name players backing up Westbrook.
popular