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 weighed in on JPM. Piper Sandler decreased their price target on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an "overweight" rating on the stock in a research note on Friday, July 1st. The Goldman Sachs Group set a $151.00 price target on shares of JPMorgan Chase & Co. and gave the stock a "buy" rating in a research note on Thursday, April 14th. Evercore ISI decreased their price target on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $148.00 price target (up previously from $142.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 24th. Finally, Wells Fargo & Company decreased their price target on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Hold" and a consensus price target of $145.95.

JPMorgan Chase & Co. Stock Performance

Shares of JPM Stock opened at $120.14 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $352.32 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 2.06 and a beta of 1.12. The stock has a 50-day moving average of $116.08 and a 200-day moving average of $128.82. JPMorgan Chase & Co. has a one year low of $106.06 and a one year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPM - Get Rating) last announced its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, meeting analysts' consensus estimates 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%. JPMorgan Chase & Co.'s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $3.78 EPS. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 11.21 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.33%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 32.10%.