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 1.7 %

JPM traded up $1.99 on Friday, hitting $122.13. The company had a trading volume of 9,906,716 shares, compared to its average volume of 12,483,881. The stock has a fifty day simple moving average of $115.68 and a 200-day simple moving average of $128.47. 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 firm has a market capitalization of $358.15 billion, a P/E ratio of 9.80, a P/E/G ratio of 2.14 and a beta of 1.12. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96.

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 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 firm had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same quarter in the prior year, the company earned $3.78 EPS. The business's revenue was up .8% compared to the same quarter last year. As a group, equities analysts expect that JPMorgan Chase & Co. will post 11.21 EPS for the current fiscal 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 issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Tuesday, July 5th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 32.10%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on JPM shares. Morgan Stanley reduced their target price on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an "underweight" rating on the stock in a report on Tuesday, July 12th. Jefferies Financial Group decreased their price objective on JPMorgan Chase & Co. from $137.00 to $126.00 and set a "hold" rating on the stock in a report on Monday, July 11th. UBS Group dropped their target price on JPMorgan Chase & Co. from $134.00 to $126.00 and set a "buy" rating for the company in a report on Friday, July 15th. Barclays set a $200.00 price target on JPMorgan Chase & Co. in a research note on Monday, July 18th. Finally, BMO Capital Markets increased their price objective on JPMorgan Chase & Co. from $150.00 to $156.00 in a research note on Tuesday, May 24th. One investment 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.com, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and a consensus price target of $145.95.