Media stories about JPMorgan Chase & Co. (NYSE:JPM) have been trending positive on Saturday, InfoTrie reports. The research group rates the sentiment of media coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. JPMorgan Chase & Co. earned a media sentiment score of 2.72 on their scale. InfoTrie also gave news stories about the financial services provider an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected JPMorgan Chase & Co.’s ranking:
JPM has been the topic of a number of analyst reports. Zacks Investment Research lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Barclays reissued a “buy” rating and issued a $140.00 price objective on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. BMO Capital Markets dropped their price objective on JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating on the stock in a research note on Thursday, February 28th. Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Credit Suisse Group boosted their price objective on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $123.85.
Shares of JPM stock traded up $0.28 during trading on Friday, hitting $109.82. The company’s stock had a trading volume of 9,077,399 shares, compared to its average volume of 9,577,743. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $119.24. The firm has a market cap of $355.34 billion, a PE ratio of 12.20, a P/E/G ratio of 1.56 and a beta of 1.18. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.25.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. The business had revenue of $29.12 billion during the quarter, compared to analyst estimates of $27.95 billion. During the same period in the prior year, the company earned $2.37 earnings per share. On average, research analysts expect that JPMorgan Chase & Co. will post 10.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Wednesday, July 3rd. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.
In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 18,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were bought at an average price of $111.02 per share, for a total transaction of $1,998,360.00. Following the completion of the transaction, the director now owns 5,785 shares of the company’s stock, valued at approximately $642,250.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mellody L. Hobson acquired 1,700 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was acquired at an average price of $114.26 per share, for a total transaction of $194,242.00. Following the transaction, the director now directly owns 7,485 shares of the company’s stock, valued at approximately $855,236.10. The disclosure for this purchase can be found here. Insiders sold 157,573 shares of company stock valued at $17,293,454 over the last ninety days. Corporate insiders own 0.76% of the company’s stock.
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JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
Further Reading: Quiet Period
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