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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on JPM shares. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. Piper Sandler reduced their price objective on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an "overweight" rating on the stock in a research report on Friday, July 1st. Argus reduced their price target on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. Citigroup upgraded shares of JPMorgan Chase & Co. from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $145.00 to $135.00 in a research report on Tuesday, July 12th. Finally, The Goldman Sachs Group set a $151.00 price target on shares of JPMorgan Chase & Co. and gave the stock a "buy" rating in a research report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $145.95.

JPMorgan Chase & Co. Stock Down 1.2 %

Shares of JPM opened at $114.35 on Tuesday. The firm has a market capitalization of $335.34 billion, a P/E ratio of 9.18, a P/E/G 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 current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14. The firm has a fifty day moving average price of $116.65 and a 200-day moving average price of $128.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Rating) last released its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, hitting analysts' consensus estimates of $2.76. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The company had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same period in the prior year, the firm earned $3.78 earnings per share. The firm's revenue for the quarter was up .8% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Wednesday, July 6th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Tuesday, July 5th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 32.10%.