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. Price Performance

Shares of JPMorgan Chase & Co. stock traded down $0.25 during trading hours on Monday, reaching $115.51. The stock had a trading volume of 115,920 shares, compared to its average volume of 15,033,038. The firm has a market capitalization of $339.26 billion, a PE ratio of 9.33, a PEG ratio of 2.07 and a beta of 1.12. The stock's 50 day moving average is $116.99 and its 200 day moving average is $129.20. 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 twelve month low of $106.06 and a twelve month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPM - Get Rating) last released its earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting analysts' consensus estimates of $2.76. The business had revenue of $30.72 billion during the quarter, compared to analysts' expectations of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The company's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.78 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 11.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.46%. JPMorgan Chase & Co.'s dividend payout ratio is currently 32.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JPM. Wells Fargo & Company cut their price target on 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. Berenberg Bank upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating and set a $120.00 price objective for the company in a research report on Monday, July 18th. The Goldman Sachs Group set a $151.00 price objective on JPMorgan Chase & Co. and gave the company a "buy" rating in a research report on Thursday, April 14th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $148.00 price objective (up previously from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. Finally, Piper Sandler cut their price objective on JPMorgan Chase & Co. from $170.00 to $158.00 and set an "overweight" rating for the company in a research report on Friday, July 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $145.95.