JPMorgan Chase & Company (NYSE: JPM) is expected to post a $30.49B worth of sales for this quarter by brokerages. Estimates have been issued by 3 estimates of the company’s earnings. The highest and the lowest estimates are $30.18B and $31.02B respectively. Last year, in this quarter, $32.98B sales were reported indicating a negative 7.6% y-o-y growth rate.
Stock Commentary On JPM
The latest earnings for the quarter of JPM stock were published on 13th April, Tuesday. An EPS of $4.50 was reported overshooting the general estimated $3.10 EPS. It also had a 19.16% net margin and a 10.85% equity return.
Reports have been issued by several research analysts for the shares. Royal Bank of Canada increased their target price to $160 from $150 while issuing a rating of “outperform” on 21st April, Wednesday. Keefe, Bruyette & Woods increased their target price to $150 from $135 while issuing a rating of “market perform” on 18th January, Monday. Barclays restated their rating of “buy” while issuing a target price of $187 on 14th April, Wednesday. Deutsche Bank Aktiengesellschaft increased their target price to $175 from $142 while issuing a rating of “buy” on 1st April, Thursday. Zacks Investment Research increased their rating to “strong-buy” from “hold” while setting a target price of $177 on 19th April, Monday.
Marianne Lake, The EVP, had sold off 13,047 shares on 15th April, Thursday at an average $150.90 price per share. Asley Bacon, an insider, also sold off 11,930 shares on 15th April, Thursday at an average $150.91 price per share.
TFO TDC LLC, Tower View Investment Management & Research LLC, Inspire Advisors LLC, and Cypress Point Wealth Management LLC all increased their share of JPM stock. On Monday, JPM shares had opened with a value of $164.01.