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
Several research firms have recently issued reports on JPM. Morgan Stanley decreased their price objective on JPMorgan Chase & Co. from $149.00 to $127.00 and set an "underweight" rating on the stock in a report on Tuesday, July 12th. Wells Fargo & Company decreased their price objective on 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. Societe Generale upgraded JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and raised their price objective for the stock from $145.00 to $150.00 in a report on Tuesday, May 24th. Royal Bank of Canada reduced their target price on JPMorgan Chase & Co. to $130.00 in a report on Thursday, July 14th. Finally, UBS Group reduced their target price on JPMorgan Chase & Co. from $134.00 to $126.00 and set a "buy" rating on the stock in a report on Friday, July 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and a consensus price target of $145.95.
JPMorgan Chase & Co. Stock Up 3.0 %
Shares of JPM traded up $3.40 during midday trading on Friday, reaching $115.76. 14,174,642 shares of the company were exchanged, compared to its average volume of 12,879,281. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The company has a market cap of $339.47 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 2.07 and a beta of 1.12. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average price of $116.99 and a 200-day moving average price of $129.33.
JPMorgan Chase & Co. (NYSE:JPM - Get Rating) last announced 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 return on equity of 15.29% and a net margin of 30.41%. The business had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. During the same period in the previous year, the company earned $3.78 earnings per share. The company's revenue for the quarter was up .8% compared to the same quarter last year. Research analysts expect that JPMorgan Chase & Co. will post 11.21 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Tuesday, July 5th. JPMorgan Chase & Co.'s payout ratio is 32.10%.
