JPMorgan Chase & Co. (NYSE:JPM) Expected to Post Q2 2024 Earnings of $4.01 Per Share

JPMorgan Chase & Co. (NYSE:JPM) – Equities research analysts at Seaport Res Ptn dropped their Q2 2024 earnings per share estimates for shares of JPMorgan Chase & Co. in a research note issued on Monday, April 15th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings of $4.01 per share for the quarter, down from their previous forecast of $4.14. The consensus estimate for JPMorgan Chase & Co.’s current full-year earnings is $15.91 per share. Seaport Res Ptn also issued estimates for JPMorgan Chase & Co.’s Q1 2025 earnings at $4.27 EPS.

Several other equities research analysts also recently issued reports on JPM. Morgan Stanley dropped their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Bank of America boosted their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Oppenheimer lowered their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday. Finally, Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $181.14 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 52-week low of $131.81 and a 52-week high of $200.94. The stock’s 50 day moving average is $188.61 and its two-hundred day moving average is $168.59. The company has a market capitalization of $520.25 billion, a PE ratio of 10.94, a P/E/G ratio of 2.27 and a beta of 1.15.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds have recently added to or reduced their stakes in JPM. Silverlake Wealth Management LLC raised its holdings in JPMorgan Chase & Co. by 4.7% in the 1st quarter. Silverlake Wealth Management LLC now owns 3,703 shares of the financial services provider’s stock valued at $742,000 after acquiring an additional 167 shares in the last quarter. Naviter Wealth LLC raised its holdings in JPMorgan Chase & Co. by 1.2% in the 1st quarter. Naviter Wealth LLC now owns 21,057 shares of the financial services provider’s stock valued at $4,218,000 after acquiring an additional 251 shares in the last quarter. Nvest Financial LLC raised its holdings in JPMorgan Chase & Co. by 3.1% in the 1st quarter. Nvest Financial LLC now owns 17,765 shares of the financial services provider’s stock valued at $3,558,000 after acquiring an additional 527 shares in the last quarter. West Oak Capital LLC raised its holdings in JPMorgan Chase & Co. by 0.7% in the 1st quarter. West Oak Capital LLC now owns 21,594 shares of the financial services provider’s stock valued at $4,325,000 after acquiring an additional 142 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC raised its holdings in JPMorgan Chase & Co. by 3.1% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 5,352 shares of the financial services provider’s stock valued at $1,072,000 after acquiring an additional 161 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.54%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

JPMorgan Chase & Co. Company Profile

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.