Friday, 15 December, 2017

JPMorgan Q1 Earnings Easily Beat with Surprising Loan Growth

Morgan & Chase Co. building in New York Current Movers: JPMorgan Chase & Co. (JPM), InterCloud Systems, Inc. (ICLD)
Juana Turner | 14 April, 2017, 00:58

(NYSE:NSC) declined -0.35% to $115.49. During the same quarter in the prior year, the company earned $1.35 earnings per share. Narrowing in a bit closer, the 5 month price index is 1.24461, the 3 month is 1.00580, and the 1 month is now 0.95033. (JPM) reported its EPS in the last quarter as $1.58/Share beating the analyst estimate of $1.44/Share by the difference of $0.14. The stock remained in a tight range after opening at 54.23 with a session high of 54.26 and a session low of 53.26. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading. Sure, the percentage is encouraging but more headwinds are coming as looking out over a next 5-year period, analysts expect the company to see its earnings go down by -0.44%, annually. The Higher end of the revenue forecast is $26.41 Billion, while the Lower end of the forecast is $24.96 Billion.

It was also in the first quarter of a year ago that the United Kingdom announced it would hold a referendum on whether to secede from the European Union.

The results exceeded analysts' $4.02 billion estimate for bond trading and $1.45 billion for equities. This is the consensus of all analyst targets from the brokerage firms polled by First Call.

JPMorgan Chase & Co. shares rose $1.55 (+1.81%) in premarket trading Thursday. Both closed below their 50-day moving averages for the first time since early November. (JPM) may be undervalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that JPMorgan Chase & Co. Beta of The Goodyear Tire & Rubber Company (NASDAQ:GT) is 1.54 while company weekly performance is -2.28%. The Return on Investment (ROI) is at 5.9% while it's Return on Equity (ROE) value stands at 10%. The bigger the return, the more efficient management is in utilizing its asset base. (JPM) is 0.82. The Average Volume (3 months) is 15.91 Million. ROIC is a profitability ratio that measures the return that an investment generates for those providing capital. Finally, Zacks Investment Research downgraded JPMorgan Chase & Co. from a buy rating to a hold rating in a report on Friday, March 3rd. (JPM) is 5.9 percent. Baird Downgrades the company's stock to Neutral on 11/09/16 with no specific Price Target.

Companywide revenue rose 6 percent to $25.6 billion, compared with the $25.2 billion average estimate of analysts surveyed by Bloomberg.

The results underscored concerns expressed recently by analysts and investors that higher interest rates, combined with uncertainty about geopolitical events, could hurt economic growth - and therefore crimp lenders' bottom lines. CLSA reiterated a "buy" rating and issued a $79.00 target price on shares of JPMorgan Chase & Co.in a report on Wednesday, January 11th. "Our credit card sales volume was a record, and for the year we had over $1 trillion of merchant processing volume". The Median price target for the stock is set at $94.00. Are investors supposed to sell when the stock hits the target?

Wells Fargo's shares were down 2.6 percent to $51.70, while Citigroup's stock was flat at $58.41 and JPMorgan fell 0.6 percent to $84.90. The stock Jumped 27.52 percent over the past six months.

Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels.

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