Q3 2024 EPS Estimates for JPMorgan Chase & Co. Boosted by Analyst (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPMFree Report) – Research analysts at Zacks Research upped their Q3 2024 earnings per share estimates for JPMorgan Chase & Co. in a research note issued on Thursday, May 30th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $3.88 per share for the quarter, up from their prior estimate of $3.81. The consensus estimate for JPMorgan Chase & Co.’s current full-year earnings is $16.39 per share. Zacks Research also issued estimates for JPMorgan Chase & Co.’s FY2024 earnings at $16.25 EPS, Q2 2025 earnings at $4.29 EPS, Q3 2025 earnings at $4.03 EPS, FY2025 earnings at $16.23 EPS and FY2026 earnings at $17.22 EPS.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%.

Several other analysts also recently commented on JPM. Oppenheimer cut their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Morgan Stanley reduced their price objective on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $194.10.

Read Our Latest Stock Report on JPM

JPMorgan Chase & Co. Trading Down 1.3 %

Shares of NYSE JPM opened at $199.16 on Monday. The firm’s 50 day moving average price is $195.35 and its 200-day moving average price is $181.08. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $205.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $571.92 billion, a PE ratio of 12.03, a P/E/G ratio of 2.73 and a beta of 1.12.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Insider Buying and Selling

In other news, insider Lori A. Beer sold 5,298 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the sale, the insider now owns 46,375 shares in the company, valued at $9,304,680. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the completion of the transaction, the insider now owns 46,375 shares in the company, valued at $9,304,680. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now owns 42,124 shares in the company, valued at $8,452,180.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 249,399 shares of company stock valued at $46,713,667. Corporate insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. WealthPlan Investment Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 187,317.6% in the 3rd quarter. WealthPlan Investment Management LLC now owns 31,861 shares of the financial services provider’s stock worth $4,620,000 after purchasing an additional 31,844 shares during the period. Argonautica Private Wealth Management Inc. purchased a new position in JPMorgan Chase & Co. during the third quarter worth $257,000. Sonata Capital Group Inc. increased its position in JPMorgan Chase & Co. by 4.5% during the third quarter. Sonata Capital Group Inc. now owns 11,996 shares of the financial services provider’s stock valued at $1,740,000 after acquiring an additional 513 shares during the last quarter. Cape Investment Advisory Inc. raised its stake in shares of JPMorgan Chase & Co. by 18.4% in the third quarter. Cape Investment Advisory Inc. now owns 3,554 shares of the financial services provider’s stock valued at $515,000 after acquiring an additional 552 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of JPMorgan Chase & Co. by 88.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 5,443 shares of the financial services provider’s stock worth $790,000 after acquiring an additional 2,559 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

(Get Free Report)

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 deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

See Also

Earnings History and Estimates for JPMorgan Chase & Co. (NYSE:JPM)

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