Zacks Research Weighs in on JPMorgan Chase & Co.’s FY2024 Earnings (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Zacks Research boosted their FY2024 earnings per share estimates for JPMorgan Chase & Co. in a report issued on Monday, September 9th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $16.66 per share for the year, up from their prior forecast of $16.64. The consensus estimate for JPMorgan Chase & Co.’s current full-year earnings is $16.78 per share. Zacks Research also issued estimates for JPMorgan Chase & Co.’s Q1 2025 earnings at $4.08 EPS.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same period in the previous year, the firm earned $4.37 EPS.

A number of other equities research analysts also recently issued reports on JPM. Robert W. Baird lifted their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Citigroup upped their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Finally, BMO Capital Markets lifted their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $211.06.

JPMorgan Chase & Co. Stock Down 0.3 %

JPM stock opened at $206.60 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average price is $211.35 and its 200 day moving average price is $200.65. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48. The company has a market cap of $593.29 billion, a P/E ratio of 11.52, a P/E/G ratio of 2.39 and a beta of 1.12.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several large investors have recently added to or reduced their stakes in the business. Gilbert & Cook Inc. raised its stake in JPMorgan Chase & Co. by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock worth $1,932,000 after purchasing an additional 164 shares during the period. Aveo Capital Partners LLC grew its position in JPMorgan Chase & Co. by 13.0% during the fourth quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 591 shares during the period. Gryphon Financial Partners LLC grew its position in JPMorgan Chase & Co. by 66.9% during the fourth quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock valued at $4,238,000 after acquiring an additional 10,025 shares during the period. Pioneer Trust Bank N A OR increased its stake in JPMorgan Chase & Co. by 3.4% during the fourth quarter. Pioneer Trust Bank N A OR now owns 55,996 shares of the financial services provider’s stock worth $9,525,000 after acquiring an additional 1,856 shares during the last quarter. Finally, Catalyst Financial Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 15,378 shares of the financial services provider’s stock worth $2,616,000 after purchasing an additional 137 shares during the period. 71.55% of the stock is currently owned by hedge funds and other 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.