(NYSE:JPM) posted its earnings results on Tuesday. The most bullish analyst price target sees the stock at $79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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In related news, CFO Marianne Lake sold 32,468 shares of the business’s stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $69.07, for a total value of $2,271,159.74. The disclosure for this sale can be found here. (NYSE:JPM) traded down 0.34% during mid-day trading on Wednesday, reaching $61.72. The company had a trading volume of 1,136,727 shares. JPMorgan has shed more than $100 billion of unprofitable deposits since February, helping to push its loan-to-deposit ratio up 8 percentage points since last September to 64 percent. The company has a 52-week high of $70.61. The business had revenue of $24.53 billion for the quarter, compared to analysts’ expectations of $24.53 billion. But its quarterly revenue of $23.5 billion fell short. In comparing to last quarter, JPMorgan Chase & Co. posted EPS of $1.54 for the period which ended on 2015-06-30. The Wall Street consensus average estimates for latest quarter revenue are $904.31 Million, at the same time as 17 experts forecast $916.35 Million revenues for the next three months of 2015. This represents a $1.76 annualized dividend and a dividend yield of 2.83%.
Other research analysts also recently issued research reports about the stock.
Out of 9 analysts covering JPMorgan Chase & Co (NYSE:JPM), 9 rate it “Buy”, 0 “Sell”, while 0 “Hold”.
The company said its bottom line climbed to $6.80 billion, or $1.68 per share.
Now the company Insiders own 0.84% of Jpmorgan Chase Company shares according to the proxy statements. Sanford C. Bernstein reissued an “outperform” rating on shares of JPMorgan Chase & Co.in a report on Tuesday, July 14th. (JPMorgan Chase) is a financial holding company.
Mortgage banking net income with the company rose 29 percent year-over-year to $602 million, while net revenue fell 23 percent to $1.6 billion due to lower net servicing revenue and no non-recurring gain last year. JPMorgan Chase’s activities are organized into four business segments, as well as Corporate/Private Equity. The Company’s Consumer & Community Banking segment serves consumers and businesses through cellular, online, ATMs and phone banking and through private service at bank branches.
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The bank is likely to promote corporate treasury and cash management services, as well as asset management, for similar reasons, Katzke said. (NYSE:JPM) has an average broker recommendation of 1.59. As the bank is one of the largest players in global retail banking, commercial banking, investment banking, custody banking and asset management, investors should be able to gauge the trends from Q3 for each of these offerings. The Organization also operates a Corporate section.
