JPM Will be Expected To Have A Sales Sum Of $29.10 Billion

JPM
JPM

Quite a few analysts working at Wall Street have predicted that the stocks of JPM would be announcing quarterly sales of around $29.10 billion. According to a report issued by Zacks, three of the analysts already involved with the company have formulated estimates into the earnings of the company- with the ball rolled at a sum of $28.73 billion, and the highest coming in at $29.59 billion.

Just the previous year, the sales reported by the company was $28.25 billion which implies a positive annual growth rate of about 3%. The company will be putting up its next results of quarterly earnings on the 14th of April. 

The Quarterly Estimates of JPM

The stocks of JPM decided to publish its previous quarterly results on the 14th of January. The provider of financial services had an EPS reported at $3.79, which was more than the consensus sum of around $2.62. The company also had a 19.16% net margin, with a 10.85% return on its equity. The revenue generated by the company for this quarter was $29.22 billion which was more than the consensus estimate of about $28.74 billion. 

There have been quite a few companies that have commented on the stocks of JPM. Seaport Global Securities has already increased the price target of the company from $140 to $157 in a 19th January research report. The Royal Bank of Canada has also increased the price target of the company from $130 to $150 with a rating of outperform in a 19th January research note. Piper Sandler also got in on the trend with a price target that was increased from $118 to $150 with a rating of overweight in an 11th January research note. 

Two of the investment analysts already covering the stocks of JPM have given it a rating of sell, while seven of them have given it a rating of hold. Interestingly, sixteen research analysts have provided the company with a rating of buy. Currently, the company has a buy rating with a $134.08 price target. 

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