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.

JPMorgan Chase & Co. Stock Up 0.9 %

JPM Stock opened at $115.38 on Wednesday. The company has a 50 day moving average of $116.31 and a two-hundred day moving average of $128.89. The company has a market cap of $338.36 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 2.07 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month 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.

JPMorgan Chase & Co. (NYSE:JPM - Get Rating) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $31.82 billion. During the same period last year, the company earned $3.78 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was up .8% compared to the same quarter last year. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 11.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Wednesday, July 6th were issued 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 yield of 3.47%. JPMorgan Chase & Co.'s dividend payout ratio is currently 32.10%.

Wall Street Analysts Forecast Growth

JPM has been the topic of several recent research reports. Morgan Stanley lowered their price objective on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an "underweight" rating on the stock in a research note on Tuesday, July 12th. Oppenheimer dropped their price target on JPMorgan Chase & Co. from $154.00 to $153.00 and set an "outperform" rating on the stock in a report on Friday, July 15th. Berenberg Bank raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating and set a $120.00 price objective for the company in a research note on Monday, July 18th. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $150.00 to $156.00 in a report on Tuesday, May 24th. Finally, Citigroup raised JPMorgan Chase & Co. from a "neutral" rating to a "buy" rating and reduced their target price for the company from $145.00 to $135.00 in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $145.95.