Todays Report: The FBR & Co Weighs in on JPMorgan Chase & Co.’s FY2017 Earnings (JPM)

The FBR & Co Weighs in on JPMorgan Chase & Co.’s FY2017 Earnings (JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Equities researchers at FBR & Co dropped their FY2017 earnings per share (EPS) estimates for JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday. FBR & Co analyst P. Miller now anticipates that the brokerage will post earnings of $6.10 per share for the year, down from their prior forecast of $6.15.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.19. The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $23.99 billion. JPMorgan Chase & Co. had a net margin of 24.47% and a return on equity of 10.20%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS.

Other equities research analysts have also recently issued reports about the stock. KeyCorp reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 12th. Jefferies Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Sunday, July 10th. Credit Suisse Group AG reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Saturday, July 9th. Barclays PLC reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Saturday, July 9th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $72.25.

JPMorgan Chase & Co. (NYSE:JPM) traded down 0.32% on Wednesday, hitting $67.52. 24,028,366 shares of the stock traded hands. JPMorgan Chase & Co. has a 52 week low of $52.50 and a 52 week high of $69.06. The stock has a 50 day moving average of $66.99 and a 200 day moving average of $63.95. The firm has a market capitalization of $243.85 billion, a PE ratio of 11.44 and a beta of 1.54.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, October 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.83%. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.54%.

A number of institutional investors have recently added to or reduced their stakes in JPM. Vanguard Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 2.1% in the second quarter. Vanguard Group Inc. now owns 229,636,598 shares of the financial services provider’s stock worth $14,269,618,000 after buying an additional 4,692,609 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of JPMorgan Chase & Co. by 4.4% in the first quarter. Wellington Management Group LLP now owns 69,735,097 shares of the financial services provider’s stock worth $4,129,713,000 after buying an additional 2,936,653 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of JPMorgan Chase & Co. by 2.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 60,516,465 shares of the financial services provider’s stock worth $3,760,494,000 after buying an additional 1,331,994 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of JPMorgan Chase & Co. by 1.6% in the second quarter. Franklin Resources Inc. now owns 42,729,841 shares of the financial services provider’s stock worth $2,655,217,000 after buying an additional 668,959 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of JPMorgan Chase & Co. by 2.0% in the second quarter. BlackRock Fund Advisors now owns 42,696,451 shares of the financial services provider’s stock worth $2,653,157,000 after buying an additional 832,523 shares during the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Company Profile

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