JPMorgan Chase Q4 Profit Rises; Results Top Estimates

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(NYSE:JPM) now has a Mean Price Target of $87.24. Analysts on an average had expected earnings of 38 cents per share, according to Thomson Reuters I/B/E/S, although it was not immediately clear if the reported figures were comparable.

The bank disclosed the new details as it posted its fifth straight decline in quarterly earnings on Friday, results that diverged from rivals JPMorgan Chase & Co (JPM.N) and Bank of America Corp (BAC.N). The stock had a trading volume of 12,963,006 shares.

JPMorgan Chase & Co.is a financial holding company. Zacks Investment Research cut J P Morgan Chase & Co from a "hold" rating to a "sell" rating in a report on Wednesday, September 14th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-one have issued a buy rating to the stock. The stock touched 52-week High of $87.76 on Jan 3, 2017 and 52-week Low of $52.5 on Feb 11, 2016. The stock's next day closing price was $67.52 with the loss of -0.32% in its share price. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 0.38% where SMA50 and SMA200 are 7.04% and 27.44% respectively. J P Morgan Chase & Co has an average rating of Buy and a consensus price target of $75.39.

Taking look on per share earnings estimates, its next year first quarter current estimate trend for EPS was for $1.58 and on annual basis FY 2016 estimate trends at current was for $5.89 as compared to one month ago of $5.88, and for next year per share earnings estimates have $6.48. J P Morgan Chase & Co's revenue for the quarter was up 2.1% compared to the same quarter a year ago. The Return on Equity (ROE) value stands at 9.5%. In contrast to the year ago quarter EPS was at 1.71. During the same quarter previous year, the business posted $1.68 earnings per share.

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Like most of Wall Street, JPMorgan benefited heavily from the stock market's big rally that came after the USA presidential election. Investors of record on Friday, January 6th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.23%. J P Morgan Chase & Co's payout ratio is 33.10%. Shares of J.P. Morgan were up almost 2% on Friday, following its better-than-expected results, which were giving a lift to financials and the Dow Jones Industrial Average. These ratios are important while doing valuation of the company or the shares of the company. Both earnings per share and revenue for the quarter Topped analysts' expectations. The company's stock has grown by -45.84 percent in the past 5 years. The disclosure for this sale can be found here.

Executives hold 0.50 percent of the stock.

Several insiders were part of recent insider activity for the stock. It has met expectations 0 times and missed earnings 4 times. CIBC World Markets Inc. increased its position in J P Morgan Chase & Co by 4.6% in the second quarter. For stocks' current month, 15 analysts opted for BUY ratings as compared to 2 opting for SELL in the same period. Institutional investors and hedge funds own 72.33% of the company's stock.

The S&P 500 financials group gained 0.5% late in the session to lead gains among the 11 sectors.

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