Seaport Res Ptn Analysts Increase Earnings Estimates for JPM

JPMorgan Chase & Co. (NYSE:JPM) – Equities research analysts at Seaport Res Ptn raised their Q4 2024 earnings per share estimates for JPMorgan Chase & Co. in a report released on Tuesday, January 7th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will earn $3.97 per share for the quarter, up from their prior estimate of $3.74. The consensus estimate for JPMorgan Chase & Co.’s current full-year earnings is $17.62 per share. Seaport Res Ptn also issued estimates for JPMorgan Chase & Co.’s Q1 2025 earnings at $4.30 EPS, Q2 2025 earnings at $4.29 EPS, Q3 2025 earnings at $4.29 EPS, Q4 2025 earnings at $4.37 EPS, FY2025 earnings at $17.25 EPS and FY2026 earnings at $18.75 EPS.

Several other research firms have also weighed in on JPM. Royal Bank of Canada raised their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Daiwa Capital Markets cut their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research report on Thursday, November 7th. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $245.83.

JPMorgan Chase & Co. Stock Down 0.1 %

JPM stock opened at $243.03 on Friday. The firm has a market cap of $684.21 billion, a PE ratio of 13.52, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 1 year low of $164.30 and a 1 year high of $254.31. The company has a fifty day simple moving average of $241.25 and a 200 day simple moving average of $222.25. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.33 earnings per share.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.

Institutional Trading of JPMorgan Chase & Co.

Institutional investors and hedge funds have recently modified their holdings of the company. Fortitude Family Office LLC lifted its position in JPMorgan Chase & Co. by 15.5% in the fourth quarter. Fortitude Family Office LLC now owns 12,004 shares of the financial services provider’s stock worth $2,877,000 after purchasing an additional 1,615 shares during the period. Legacy Private Trust Co. lifted its holdings in shares of JPMorgan Chase & Co. by 3.2% during the 4th quarter. Legacy Private Trust Co. now owns 72,206 shares of the financial services provider’s stock worth $17,308,000 after acquiring an additional 2,249 shares during the period. First Hawaiian Bank boosted its position in shares of JPMorgan Chase & Co. by 1.0% during the 4th quarter. First Hawaiian Bank now owns 47,964 shares of the financial services provider’s stock valued at $11,497,000 after acquiring an additional 460 shares in the last quarter. InvesTrust bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $10,578,000. Finally, Private Client Services LLC raised its position in JPMorgan Chase & Co. by 1.6% in the fourth quarter. Private Client Services LLC now owns 5,708 shares of the financial services provider’s stock worth $1,368,000 after purchasing an additional 91 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

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.