Somewhat Favorable Press Coverage Somewhat Unlikely to Impact JPMorgan Chase & Co. (JPM) Share Price
Media coverage about JPMorgan Chase & Co. (NYSE:JPM) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. JPMorgan Chase & Co. earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 47.0681901453815 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Q4 2018 Earnings Estimate for JPMorgan Chase & Co. Issued By Jefferies Group (JPM) (americanbankingnews.com)
- Insider Buying: JPMorgan Chase & Co. (JPM) Director Buys 7,280 Shares of Stock (americanbankingnews.com)
- Tampa Bay Lightning Selects Venuetize For Venue Mobile App (prweb.com)
- JPMorgan Earnings Review: Bullish – Seeking Alpha (seekingalpha.com)
- Surging Earnings Estimates Signal Good News for JPMorgan Chase & Co. (JPM) – Nasdaq (nasdaq.com)
Several equities research analysts recently commented on JPM shares. Wells Fargo & Co boosted their target price on JPMorgan Chase & Co. from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Barclays boosted their target price on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Finally, Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $105.81.
JPMorgan Chase & Co. (JPM) traded up $0.27 during trading on Thursday, reaching $113.26. 14,572,911 shares of the company’s stock traded hands, compared to its average volume of 14,300,000. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The firm has a market capitalization of $392,980.00, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $113.72.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the previous year, the company posted $1.71 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. analysts predict that JPMorgan Chase & Co. will post 8.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 35.11%.
In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 65,101 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the transaction, the chief executive officer now directly owns 479,882 shares in the company, valued at approximately $53,866,754.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the transaction, the insider now owns 98,811 shares in the company, valued at $11,088,570.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 127,614 shares of company stock worth $14,302,869. Corporate insiders own 0.88% of the company’s stock.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.