JPMorgan's profit beats estimates on increased trading

Apr 14, 2017, 01:17
JPMorgan's profit beats estimates on increased trading

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.

  • Judge considering plan on fix for 18000 Flint water lines

    Judge considering plan on fix for 18000 Flint water lines

    Flint has been without clean water since 2014, when the city switched its water source from Detroit River to Flint River. District Judge David Lawson is to hold a hearing Tuesday to consider the agreement, which was the result of mediation.
    Jurgen Klopp made 'great decision' to win Stoke game, says Dion Dublin

    Jurgen Klopp made 'great decision' to win Stoke game, says Dion Dublin

    Leaders Chelsea needed a late goal to come away from the Bet 365 Stadium when we last there in March. "Pretty sure Mané needs surgery, and then it is season over".

    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.
  • 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".

    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.
  • 'Keeping up with the Markles' Meghan Markle's half-sister plans a reality show

    'Keeping up with the Markles' Meghan Markle's half-sister plans a reality show

    She hasn't liked Meghan since essentially she was born. "I'm not really interested in fame, I just want to speak the truth". All these lowlifes are trying to get their fame on Meghan and all I was doing is writing a book about that honours her.
    'I Think' Susan Rice May Have Committed A Crime

    'I Think' Susan Rice May Have Committed A Crime

    The reports are still highly classified but can only be viewed by a select group of officials with security clearance. Cohen-Watnick raised his findings about Rice with the White House counsel's office, according to the official.
    Anchor reads breaking news of husband's death

    Anchor reads breaking news of husband's death

    This is exactly what happened with Surpreet Kaur, an Indian female news anchor for the channel IBC-24. "But we did not tell her". We express our heartfelt condolences to Supreet Kaur and salute her for the courage and professionalism that she showed.
  • Argentina sack manager Edgardo Bauza

    Argentina sack manager Edgardo Bauza

    Bauza persuaded Messi to return in August and the captain responded with a goal in a 1-0 home win over Uruguay on September 1. AFA president Claudio Tapia has announced that Edgardo Bauza is no longer the head coach of the Argentina national team.
    Complete list of 2017 Billboard Music Award nominees

    Complete list of 2017 Billboard Music Award nominees

    They are also up for the Top Rock Tour accolade, along with Bruce Springsteen & The E Street Band. Top new artist nominations went to Alessia Cara, Desiigner, Lil Uzi Vert, Lukas Graham and Zayn.

    Crunch Time: Thunder Faces Grizzlies With Playoffs Looming

    The teams meet on Wednesday for first place and temporary ownership of the top seed and home-court advantage until the NBA Finals. OKC will face the Memphis Grizzlies, Phoenix Suns , Denver Nuggets (twice) and Minnesota Timberwolves to end the regular season.