[Reuters] – JPMorgan Chase & Co has launched the sale of its physical commodities business, circulating offering documents to potential buyers and valuing the assets at $3.3 billion, according to a person familiar …
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JPMorgan Chase & Co. (JPM), valued at $192.27B, started trading this morning at $51.17.
Today’s price range has been between $50.25 and $51.34 per share and has traded between $38.83 and $56.93 over the past year.
Priced at 8.86x this year’s forecasted earnings, JPM shares are relatively inexpensive compared to the industry’s 13.09x forward p/e ratio.
The company pays shareholders $1.52 per share annually in dividends, yielding 2.90% .
In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $1.21 per share, which would be $0.19 worse than the year-ago quarter but a $0.17 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.74, which would be $0.54 better when compared to the last year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $24.06 Billion. If reported, that would be a 6.96% decrease over the year-ago quarter.
More recently, Standpoint Research downgraded (JPM) from Buy to Hold (Jul 24, 2013).
Previously, Standpoint Research upgraded (JPM) from Hold to Buy. Sterne Agee upgraded (JPM) from Neutral to Buy.
The average price target for JPM shares by the analysts covering the stock is $62.36, which is 21.87% above where the stock opened this morning.
JPMorgan Chase & Co (NYSE:JPM), is a financial holding company, provides various financial services worldwide. Its Consumer and Community Banking segment provides deposits, investment products and services, lending and cash management and payment solutions to consumers and small businesses.
Tag Helper ~ Stock Code: JPM | Common Company name: J.P. Morgan | Full Company name: JPMorgan Chase & Co (NYSE:JPM) .