Zacks Research Issues Positive Forecast for JPM Earnings

Key Points

• Zacks Research has raised its Q3 2025 earnings per share (EPS) estimate for JPMorgan Chase & Co. to $4.50, up from $4.41, while also providing forecasts for earnings through Q4 2027.
• The stock currently has a consensus rating of "Moderate Buy" with an average target price of $288.68, despite some analysts rating it as a sell.
• JPMorgan recently reported Q2 earnings of $4.96 per share, exceeding analyst expectations and generating revenues of $44.91 billion, though quarterly revenue was down 10.5% year-over-year.

JPMorgan Chase & Co. (NYSE:JPM - Free Report) - Investment analysts at Zacks Research raised their Q3 2025 earnings per share estimates for shares of JPMorgan Chase & Co. in a research note issued to investors on Monday, August 4th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $4.50 per share for the quarter, up from their previous forecast of $4.41. The consensus estimate for JPMorgan Chase & Co.'s current full-year earnings is $18.10 per share. Zacks Research also issued estimates for JPMorgan Chase & Co.'s Q4 2025 earnings at $4.56 EPS, Q1 2026 earnings at $4.91 EPS, Q2 2026 earnings at $4.87 EPS, Q3 2026 earnings at $4.96 EPS, Q4 2026 earnings at $5.16 EPS, FY2026 earnings at $19.90 EPS, Q1 2027 earnings at $5.27 EPS, Q2 2027 earnings at $5.40 EPS and FY2027 earnings at $21.88 EPS.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.12 EPS.

A number of other research firms also recently weighed in on JPM. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Evercore ISI set a $298.00 target price on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, July 7th. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating for the company. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective on the stock. in a research note on Friday, June 27th. Finally, Phillip Securities lowered JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $288.68.

JPMorgan Chase & Co. Trading Up 0.0%

Shares of NYSE JPM traded up $0.07 during midday trading on Tuesday, hitting $291.44. The stock had a trading volume of 6,326,839 shares, compared to its average volume of 8,806,520. The company's 50-day simple moving average is $282.23 and its 200 day simple moving average is $262.14. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market cap of $809.93 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. JPMorgan Chase & Co. has a fifty-two week low of $200.20 and a fifty-two week high of $301.29.

Institutional Trading of JPMorgan Chase & Co.

Hedge funds have recently added to or reduced their stakes in the business. Harbor Asset Planning Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $26,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth approximately $28,000. Redwood Park Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $29,000. University of Illinois Foundation purchased a new stake in JPMorgan Chase & Co. during the 1st quarter valued at approximately $30,000. Finally, Ryan Investment Management Inc. purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $37,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 6,608 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel directly owned 36,520 shares of the company's stock, valued at $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,557 shares of company stock valued at $4,113,796 in the last 90 days. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were paid a $1.40 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.'s payout ratio is currently 28.73%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.