J.P. Morgan Chase & Company (JPM) stock closed on Friday, 16 December 2016 at $84.94 per share. In the pre-market trading session on Monday, 19 December 2016 the stock was trading 0.20% lower, down $0.17, at $84.77. The stock has a market capitalization of $303.90 billion, and a price/earnings ratio of 13.19. On Friday, JPM the firm issued dividends for outstanding shares for Series R and Series S stock. For the preferred stock series, JPM declared dividends of 6% fixed-to-floating rate for non-cumulative preferred stock Series R at $300 distribution per preferred share. The distribution per depository share was $30. JPM also declared preferred stock series payments valued at 6.75% fixed-to-floating rate for noncumulative preferred stock Series S. The distribution per preferred share was $337.50, and the distribution per depository share amounted to $33.75. The payment will be made on February 1, 2017 for all stockholders as at Tuesday, 3 January 2017.
How do Analysts Rate JPM Stock?
The recent Fed rate hike of 25-basis points now places the federal funds rate at 0.50% to 0.75%. This is good news for banking and financial stocks like JPM. Over the past 4 quarters, JPM has consistently outperformed consensus forecasts. The earning surprise history is illustrated in the above graphic. The company’s earnings surprise history has consistently improved in 2016. Consider that a 7.14% earnings surprise was generated for the fiscal quarter ending in March, an 8.39% earnings surprise was generated in June 2016, and a 12.86% earnings surprise was generated for the quarter ending in September 2016.
During the most recent quarter (Q3), JPMorgan Chase & Co reported an increase of 17% in the number of active mobile customers at 26 million, and an increase in credit card sales of 10%. The company has also generated a CIB return on equity of 17% with total revenues rising 16% to $9.5 billion. Markets revenue was reportedly up 33%. In terms of CB return on equity, JPMorgan Chase & Co was up 18% with net income rising 50% to $778 million. The average loan balances increased by 14%. When AM was measured, the return on equity was 24%. The record average loan balances increased by 5%. During Q3 2016, shareholders received a total of $3.8 billion, of which $2.1 billion was net repurchases and common dividends valued at $0.48 per share. For the year to date, JPMorgan Chase & Co has raised capital and credit valued at $1.7 trillion.
