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.

Analysts Set New Price Targets

Several equities analysts have weighed in on JPM shares. Argus dropped their price objective on JPMorgan Chase & Co. from $177.00 to $155.00 in a research note on Thursday, April 14th. UBS Group dropped their price objective on JPMorgan Chase & Co. from $134.00 to $126.00 and set a "buy" rating on the stock in a research note on Friday, July 15th. Oppenheimer dropped their price objective on 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. Societe Generale upgraded JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and raised their price objective for the company from $145.00 to $150.00 in a research note on Tuesday, May 24th. Finally, Citigroup upgraded JPMorgan Chase & Co. from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $145.00 to $135.00 in a research note on Tuesday, July 12th. One equities 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 MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Hold" and a consensus target price of $145.95.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded up $1.99 during midday trading on Friday, reaching $122.13. The stock had a trading volume of 9,767,199 shares, compared to its average volume of 14,999,647. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $358.16 billion, a PE ratio of 9.80, a P/E/G ratio of 2.11 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 firm's 50-day moving average price is $115.84 and its 200 day moving average price is $128.64.

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

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Shareholders 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 yield of 3.28%. The ex-dividend date was Tuesday, July 5th. JPMorgan Chase & Co.'s payout ratio is presently 32.10%.