JPMorgan Chase & Co. - JPM Stock Forecast, Price & News

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. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; payments and cross-border financing; and cash and derivative instruments, risk management solutions, prime brokerage, and research. This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, payments, investment banking, and asset management to small business, large and midsized companies, local governments, and nonprofit clients; and commercial real estate banking services to investors, developers, and owners of multifamily, office, retail, industrial, and affordable housing properties. The AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; and retirement products and services, brokerage, custody, trusts and estates, loans, mortgages, deposits, and investment management products. The company also provides ATM, online and mobile, and telephone banking services. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on JPM. Societe Generale upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and raised their price target for the stock from $145.00 to $150.00 in a research report on Tuesday, May 24th. Evercore ISI dropped their price objective on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday, July 15th. Wells Fargo & Company dropped their price objective on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an "equal weight" rating on the stock in a report on Thursday, July 14th. Royal Bank of Canada dropped their price objective on shares of JPMorgan Chase & Co. to $130.00 in a report on Thursday, July 14th. Finally, Citigroup raised shares of JPMorgan Chase & Co. from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $145.00 to $135.00 in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $145.95.

JPMorgan Chase & Co. Stock Up 1.7 %

JPM Stock traded up $1.99 during midday trading on Friday, reaching $122.13. The company had a trading volume of 9,906,716 shares, compared to its average volume of 12,483,881. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $358.15 billion, a P/E ratio of 9.80, a PEG ratio of 2.18 and a beta of 1.12. The company has a 50 day moving average of $115.68 and a two-hundred day moving average of $128.34.

JPMorgan Chase & Co. (NYSE:JPM - Get Rating) last released its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.76. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The company had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. During the same quarter in the prior year, the firm earned $3.78 EPS. The company's revenue was up .8% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 11.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.28%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 32.10%.