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13 October 2017, 12:49 | Frank Carlson
What To Look For In JPMorgan Chase & Co. (JPM) Earnings
The firm had revenue of $25.59 billion for the quarter, compared to analyst estimates of $24.40 billion. Wells Fargo & Company started coverage on shares of J P Morgan Chase & Co in a research report on Wednesday, August 9th.
Several equities research analysts recently commented on JPM shares. Bank Hapoalim Bm sold 12,435 shares as Jpmorgan Chase & Co (JPM)'s stock declined 6.04%. Year-to-date, JPM has gained 14.38%, versus a 15.64% rise in the benchmark S&P 500 index during the same period. On Thursday, March 17 the stock rating was maintained by Deutsche Bank with "Hold". Finally, Goldman Sachs Group, Inc. Robert W. Baird reaffirmed a "hold" rating and set a $88.00 price objective on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st.
Among 25 analysts covering Target Corporation (NYSE:TGT), 6 have Buy rating, 3 Sell and 16 Hold. The stock now has an average rating of "Hold" and a consensus price target of $88.87.
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Shares of J P Morgan Chase & Co (NYSE:JPM) traded down 0.72% during trading on Thursday, hitting $96.14. The company's 50 day moving average price is $93.22 and its 200-day moving average price is $89.65. J P Morgan Chase & Co has a one year low of $66.74 and a one year high of $97.64. Noninterest expense was $14.3 billion, down 1%.
J.P. Morgan, run by Chief Executive James Dimon, is one of two banks, along with Citigroup Inc., kicking off third-quarter earnings season for US financial institutions. After $0.41 actual earnings per share reported by B&G Foods, Inc. for the previous quarter, Wall Street now forecasts 17.07% EPS growth.
The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Revenue across the bank was US$26.2 billion on a managed basis. It increased, as 56 investors sold JPM shares while 678 reduced holdings. That same unit saw a 3% revenue slump last quarter. The firm owned 67,941 shares of the financial services provider's stock after selling 2,036 shares during the period. About 28 shares traded. Finally, Tortoise Investment Management LLC boosted its stake in JPMorgan Chase & Co.by 434.9% in the fourth quarter. Amarillo National Bank raised its stake in shares of J P Morgan Chase & Co by 19.6% in the third quarter. Following the completion of the sale, the insider now owns 3,783 shares of the company's stock, valued at approximately $345,350.07. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the company's stock in a transaction dated Tuesday, July 18th. The stock decreased 0.61% or $0.9 during the last trading session, reaching $147.62. The disclosure for this sale can be found here. The Loeb Partners Corporation holds 95,500 shares with $8.73 million value, up from 85,500 last quarter.
Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also helps in determining where it may be possibly heading. Paradigm Fincl Advsrs Lc invested in 0.31% or 6,805 shares. Institute For Wealth Ltd Liability Co stated it has 0.53% in JPMorgan Chase & Co. This represents a $2.24 annualized dividend and a yield of 2.31%. J P Morgan Chase & Co's dividend payout ratio is now 33.14%.
JPMorgan Chase & Co is a financial holding company.
Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.
Analysts Consensus For Booker Group (LON:BOK)
The Company operates from a platform of approximately 89 stores, including 16 stores branded as Armadillo Self Storage. The target would suggest a potential upside of 1.98% from Volution Group Plc (LON:FAN)'s current stock price.
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