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.
JPMorgan Chase & Co. Stock Performance
JPM opened at $118.39 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The company has a market cap of $347.19 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 2.07 and a beta of 1.12. The company's 50 day moving average is $116.31 and its 200 day moving average is $128.89.
JPMorgan Chase & Co. (NYSE:JPM - Get Rating) last issued its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The business's revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.78 earnings per share. On average, equities research analysts predict 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. Stockholders of record on Wednesday, July 6th were issued 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 3.38%. JPMorgan Chase & Co.'s dividend payout ratio is presently 32.10%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on JPM. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an "outperform" rating on the stock in a research note on Friday, July 15th. Credit Suisse Group set a $145.00 target price on JPMorgan Chase & Co. in a research note on Monday. Evercore ISI decreased their price objective on JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. Finally, Piper Sandler dropped their target price on JPMorgan Chase & Co. from $170.00 to $158.00 and set an "overweight" rating on the stock in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $145.95.