JPMorgan Chase & Co. (NYSE:JPM) Expected to Earn Q2 2024 Earnings of $3.94 Per Share

JPMorgan Chase & Co. (NYSE:JPM - Free Report) - Research analysts at Zacks Research decreased their Q2 2024 earnings per share estimates for JPMorgan Chase & Co. in a note issued to investors on Thursday, April 25th. Zacks Research analyst R. Department now expects that the financial services provider will earn $3.94 per share for the quarter, down from their previous estimate of $4.03. The consensus estimate for JPMorgan Chase & Co.'s current full-year earnings is $15.90 per share. Zacks Research also issued estimates for JPMorgan Chase & Co.'s Q3 2024 earnings at $3.81 EPS, Q4 2024 earnings at $3.41 EPS, FY2024 earnings at $15.79 EPS, Q1 2025 earnings at $3.94 EPS, Q2 2025 earnings at $4.07 EPS, Q3 2025 earnings at $3.96 EPS, Q4 2025 earnings at $4.04 EPS, FY2025 earnings at $16.00 EPS, Q1 2026 earnings at $4.09 EPS and FY2026 earnings at $17.10 EPS.

JPM has been the topic of several other research reports. Oppenheimer lowered their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an "outperform" rating on the stock in a report on Monday, April 15th. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a "buy" rating in a report on Thursday, January 4th. BMO Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a "market perform" rating on the stock in a report on Monday, April 15th. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a "market perform" rating in a research note on Friday, April 5th. Finally, UBS Group cut their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating for the company in a research report on Tuesday, April 16th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and a consensus target price of $192.05.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded up $0.13 during mid-day trading on Friday, hitting $193.50. The stock had a trading volume of 6,413,274 shares, compared to its average volume of 9,430,338. The company has a 50 day simple moving average of $190.36 and a 200 day simple moving average of $170.57. The company has a market cap of $555.75 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 2.43 and a beta of 1.15. JPMorgan Chase & Co. has a 52-week low of $131.81 and a 52-week high of $200.94. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.78%.

Insider Activity

In related news, CEO Jennifer Piepszak sold 1,648 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares of the company's stock, valued at approximately $5,873,288.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Jennifer Piepszak sold 1,648 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO James Dimon sold 178,222 shares of the company's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now owns 264,461 shares of the company's stock, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. Company insiders own 0.79% of the company's stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Buttonwood Financial Advisors Inc. boosted its stake in JPMorgan Chase & Co. by 1.6% during the 3rd quarter. Buttonwood Financial Advisors Inc. now owns 5,994 shares of the financial services provider's stock valued at $869,000 after acquiring an additional 92 shares during the last quarter. Bard Financial Services Inc. raised its stake in JPMorgan Chase & Co. by 0.4% during the third quarter. Bard Financial Services Inc. now owns 58,715 shares of the financial services provider's stock valued at $8,515,000 after buying an additional 250 shares in the last quarter. PPS&V Asset Management Consultants Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $200,000. First PREMIER Bank increased its holdings in shares of JPMorgan Chase & Co. by 29.1% in the 3rd quarter. First PREMIER Bank now owns 26,728 shares of the financial services provider's stock valued at $3,877,000 after acquiring an additional 6,017 shares during the last quarter. Finally, Naples Global Advisors LLC lifted its stake in JPMorgan Chase & Co. by 3.2% during the third quarter. Naples Global Advisors LLC now owns 68,137 shares of the financial services provider's stock worth $9,881,000 after purchasing an additional 2,127 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

About JPMorgan Chase & Co.

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 deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.