Forum Post: Company Update – JPMorgan Chase & Co (NYSE:JPM) – J.P. Morgan adds former GE Capital CEO to its board
Posted 1 year ago on Jan. 4, 2014, 8:20 p.m. EST by trieshzagu
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[at MarketWatch] – J.P. Morgan, whose board is under pressure following the 2012 London Whale trading loss, adds a new board member with financial chops: the former CEO of GE Capital. JPMorgan Chase & Co. (JPM), with a current value of $220.49B, began trading this morning at $58.29.
Today’s price range has been between $58.21 and $58.95 per share with its 52-week range being $44.44 to $58.95.
J.P. Morgan (JPM) shares are currently priced at 13.20x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.99x earnings multiple for the same period.
And for income investors, the company pays shareholders $1.52 per share annually in dividends, yielding 2.60%.
Consensus earnings for the current quarter by the 27 sell-side analysts covering the stock is an estimate of $1.32 per share, which would be $0.07 worse than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.41 is a $0.79 worse when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $23.79 Billion. If realized, that would be a 2.42% decrease over the year-ago quarter.
Recently, Standpoint Research downgraded JPM from Buy to Hold (Jul 24, 2013). Previously, Standpoint Research upgraded JPM from Hold to Buy.
The average price target for JPM shares by the analysts covering the stock is $63.57, which is 9.06% 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) .