[at Wall St. Cheat Sheet] – It may seem that JPMorgan and the Department of Justice have been inching closer to a settlement for some time now.
Read more on this.
JPMorgan Chase & Co. (JPM), valued at $195.73B, began trading this morning at $51.85.
Shares have traded today between $51.66 and $52.13 per share with a trailing 52-week range being $38.83 to $56.93.
JPM shares are currently priced at 11.34x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.23x earnings multiple for the same period.
The company pays shareholders $1.52 per share annually in dividends, yielding 2.90%.
According to a consensus of 28 analysts, the earnings estimate of $1.34 per share would be $0.05 worse than the year-ago quarter and a $0.05 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.59 is a $0.61 setback when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $23.82 Billion. If reported, that would be a 2.30% decrease over the year-ago quarter.
In terms of ratings, Standpoint Research downgraded JPM from Buy to Hold (Jul 24, 2013). Previously, Standpoint Research upgraded JPM from Hold to Buy.
Investors should keep in mind is that the average price target is $62.35, which is 20.25% 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) .