1 day Ago By ABMN Staff
JPMorgan Chase & Co. ( NYSE:JPM ) announced a quarterly dividend on Tuesday, September 17th, Wall Street Journal reports. Shareholders of record on Friday, October 4th will be given a dividend of 1.
25 per share by the financial services provider on Thursday, October 31st. This represents a $5.00 dividend on an annualized basis and a yield of 2.
41%. The ex-dividend date of this dividend is Friday, October 4th. This is an increase from JPMorgan Chase & Co.
’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.
has increased its dividend payment by an average of 4.0% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. JPMorgan Chase & Co.
has a dividend payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect JPMorgan Chase & Co.
to earn $16.89 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 27.
2%. JPMorgan Chase & Co. Trading Down 0.
8 % NYSE JPM traded down $1.65 during mid-day trading on Wednesday, reaching $207.60.
8,255,743 shares of the stock were exchanged, compared to its average volume of 9,139,158. The stock has a market cap of $596.16 billion, a P/E ratio of 11.
65, a P/E/G ratio of 2.33 and a beta of 1.12.
The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.
91. JPMorgan Chase & Co. has a one year low of $135.
19 and a one year high of $225.48. The stock has a 50 day simple moving average of $211.
43 and a 200-day simple moving average of $201.36. Analyst Ratings Changes Several research firms recently issued reports on JPM.
BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.
00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. StockNews.com upgraded JPMorgan Chase & Co.
from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $220.
00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $235.
00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Finally, Oppenheimer upped their target price on shares of JPMorgan Chase & Co.
from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th.
Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co.
has an average rating of “Moderate Buy” and a consensus price target of $211.06. Read Our Latest Stock Report on JPMorgan Chase & Co.
About JPMorgan Chase & Co. ( Get Free Report ) JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM).
The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. Featured Articles Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co.
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