JPMorgan Chase & Co. Expected to Earn Q1 2023 Earnings of $3.71 Per Share (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPMGet Rating) – Stock analysts at Seaport Res Ptn lowered their Q1 2023 earnings estimates for shares of JPMorgan Chase & Co. in a report issued on Sunday, January 15th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings per share of $3.71 for the quarter, down from their prior forecast of $3.86. The consensus estimate for JPMorgan Chase & Co.’s current full-year earnings is $12.81 per share. Seaport Res Ptn also issued estimates for JPMorgan Chase & Co.’s Q2 2023 earnings at $3.49 EPS and Q3 2023 earnings at $3.34 EPS.

Several other research analysts have also issued reports on JPM. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $153.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Royal Bank of Canada set a $130.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.89.

JPMorgan Chase & Co. Stock Down 3.0 %

Shares of NYSE JPM opened at $136.57 on Wednesday. The firm has a market capitalization of $400.59 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $159.03. The firm’s 50-day moving average is $134.48 and its 200-day moving average is $122.32.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.43. The firm had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.33 EPS.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s payout ratio is 33.11%.

Insider Activity

In related news, Vice Chairman Peter Scher sold 1,310 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $163,776.20. Following the sale, the insider now directly owns 34,973 shares in the company, valued at $4,372,324.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $642,477.78. Following the transaction, the chief executive officer now directly owns 248,011 shares in the company, valued at approximately $31,006,335.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Peter Scher sold 1,310 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $163,776.20. Following the completion of the sale, the insider now directly owns 34,973 shares of the company’s stock, valued at $4,372,324.46. The disclosure for this sale can be found here. Insiders sold 46,336 shares of company stock valued at $6,372,156 over the last quarter. 0.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Large investors have recently made changes to their positions in the business. Retirement Financial Solutions LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $26,000. Grayhawk Investment Strategies Inc. bought a new position in JPMorgan Chase & Co. in the 2nd quarter worth about $32,000. Creative Capital Management Investments LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $30,000. HBC Financial Services PLLC boosted its position in shares of JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Finally, Financial Connections Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 48.5% during the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. 67.89% of the stock is owned by hedge funds and other institutional investors.

About JPMorgan Chase & Co.

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

Further Reading

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

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