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 equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $148.00 price target (up from $142.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 24th. 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. Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 18th. Royal Bank of Canada reduced their price objective on shares of JPMorgan Chase & Co. to $130.00 in a research note on Thursday, July 14th. Finally, Wells Fargo & Company lowered their target price on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an "equal weight" rating for the company in a research note on Thursday, July 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $145.95.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. stock opened at $122.59 on Thursday. The firm has a fifty day moving average of $115.30 and a 200-day moving average of $127.98. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $359.50 billion, a P/E ratio of 9.84, a PEG ratio of 2.18 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM - Get Rating) last announced its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.78 EPS. As a group, analysts predict that JPMorgan Chase & Co. will post 11.21 EPS for the current year.