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.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on JPM shares. Piper Sandler cut their price target on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an "overweight" rating for the company in a report on Friday, July 1st. Barclays set a $200.00 price target on JPMorgan Chase & Co. in a research note on Monday, July 18th. Citigroup raised JPMorgan Chase & Co. from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $145.00 to $135.00 in a research note on Tuesday, July 12th. Credit Suisse Group decreased their target price on JPMorgan Chase & Co. from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, July 15th. Finally, Wells Fargo & Company dropped their price target on JPMorgan Chase & Co. from $120.00 to $118.00 and set an "equal weight" rating for the company in a research report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $145.95.
JPMorgan Chase & Co. Trading Up 3.0 %
Shares of NYSE:JPM traded up $3.40 during midday trading on Friday, reaching $115.76. The company's stock had a trading volume of 14,174,642 shares, compared to its average volume of 12,879,281. The firm has a market cap of $339.47 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 2.00 and a beta of 1.12. The business has a 50 day moving average price of $116.99 and a 200 day moving average price of $129.33. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.14.
JPMorgan Chase & Co. (NYSE:JPM - Get Rating) last posted its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, meeting the consensus estimate of $2.76. The company had revenue of $30.72 billion during the quarter, compared to analysts' expectations of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The firm's revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.78 EPS. Research analysts forecast that JPMorgan Chase & Co. will post 11.21 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Tuesday, July 5th. JPMorgan Chase & Co.'s dividend payout ratio is currently 32.10%.
