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JPMorgan Chase & Co. (NYSE:JPM) Expects Earnings of $11.87 Per Share in FY2022, According to Seaport Res Ptn

JPMorgan Chase & Co. (NYSE:JPM) Expects Earnings of $11.87 Per Share in FY2022, According to Seaport Res Ptn

(NYSE: JPM) In a research report made available to clients and investors on Thursday, January 5, equity research analysts from Seaport Research Partners increased their projections for JPMorgan Chase & Co.’s earnings per share (EPS) for the fiscal year 2022. According to J. Mitchell, an analyst at Seaport Research Partners, the company that provides financial services is expected to earn $11.87 per share in 2018, representing an increase from the initial projection of $11.80 per share earned. According to the projections made by most investors, JPMorgan Chase & Co. should finish the current fiscal year with earnings of $11.68 per share. This is according to the predictions made by the consensus. In addition, Seaport Res Ptn predicted that JPMorgan Chase & Co. will earn $3.86 per share in the first quarter of 2023, $3.63 per share in the second quarter of 2023, $3.31 per share in the third quarter of 2023, and $3.21 per share in the fourth quarter of 2023, in addition to earning $13.90 per share for the entire year of 2024.
On Friday, October 14, the most recent quarterly earnings report for JPMorgan Chase & Co. (NYSE: JPM) was released to the public. The financial services company reported earnings per share for the quarter that came in at $3.12, which was $0.16 higher than the average estimate of $2.96 published by the business. JPMorgan Chase & Co. had a return on equity of 14.52 percent and a net margin of 26.85 percent; these figures represent the company’s performance. The revenue for the quarter came in at $32.72 billion, which is considerably higher than the projection of $31.88 billion that was made on average. Compared to the previous year’s results for the same period, the corporation was successful in generating earnings of $3.74 per share. Compared to the current quarter, the previous quarter’s sales of the company’s products and services showed a 10.4% increase.
Shares of NYSE: JPM began trading for $135.35 per share on Friday. JPMorgan Chase & Co. hit a low point over the past 52 weeks of 101.28 dollars, while the company reached a high point over the past 52 weeks of $169.81. The price-to-earnings ratio of the stock is 11.43; the price-to-growth ratio of the stock is 2.11; and the stock has a beta of 1.13. The total value of the company’s shares on the market is currently equivalent to $397.01 billion. The debt-to-equity ratio is 1.13, the quick ratio is 0.84, and the current ratio is also 0.84. The debt-to-equity ratio, meanwhile, comes in at 1.13. Over the past 50 days, the price of a share of the company’s stock has averaged $132.63, while over the past 200 days, it has averaged $120.83.
Research professionals from various fields have also provided recent reports about the company. In a research report distributed on October 4, Goldman Sachs Group lowered both their “buy” rating for JPMorgan Chase & Co. and their price goal for the company. The target price fell from $133.00 to $130.00 after being adjusted downward. In a research note published on Monday, September 12, Deutsche Bank Aktiengesellschaft decreased their “buy” rating and price target on JPMorgan Chase & Co. from $174.00 to $155.00. The note was regarding JPMorgan Chase & Co. The subject of the report was JPMorgan Chase & Co. JPMorgan Chase & Co. was the first company that StockNews.com covered after the publication of the website’s very first research report on the corporation, which took place on October 12. They recommended that shareholders “hold” their shares of the company. According to a research report published on Thursday by the Royal Bank of Canada, investors should have a price target of $130.00 on JPMorgan Chase & Co. shares. Jefferies Financial Group predicted in research published on Monday, September 12, that JPMorgan Chase & Co. would reach a price of $117.00 within the next three months. Eleven market analysts have recommended purchasing the stock, while six have stated that investors should maintain their current holdings of the security. The average recommendation for JPMorgan Chase & Co. on Bloomberg.com is a “Moderate Buy,” The website’s average price objective for the stock is $143.67.
In addition, the business just recently announced a quarterly dividend scheduled to be paid out on January 31. As a result, investors will be eligible to receive a dividend payment of one dollar on January 6. This dividend will either be paid out or not on January 5, as that is the date that will be used to make the decision. This translates to a dividend yield of 2.96% and a dividend payment of $4 yearly for the shareholder. The dividend payout ratio for JPMorgan Chase & Co. is currently established at 33.78%.
On October 17, Mary E. Erdoes, who is the Chief Executive Officer of the company, made a transaction in which she sold 33,515 shares of the company’s stock. This development is relevant to this topic. Following the sale of the shares at an average price of $115.77 per share, the total value of the transaction was determined to be $3,880,031.05. After the deal’s completion, the CEO is now the owner of 533,795 company shares, which have an approximate value of 61,797,447.15 dollars. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. The Chief Executive Officer of JPMorgan Chase & Co., Mary E. Erdoes, completed a transaction on Monday, October 17, in which she sold 33,515 shares of the company’s stock. This is another development about JPMorgan Chase & Co. Following the sale of the shares at an average price of $115.77 per share, the total value of the transaction was determined to be $3,880,031.05. After the deal’s completion, the CEO is now the owner of 533,795 company sh.

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