111.64 -0.08 (-0.07%)
After hours: 7:26PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||109.50 - 111.87|
|52-week range||81.64 - 119.33|
|PE ratio (TTM)||17.71|
|Earnings date||13 Jul 2018|
|Forward dividend & yield||2.24 (2.03%)|
|1y target est||121.78|
Mellody Hobson, president of Ariel Investments and chair of the Economic Club of Chicago's board of directors, was named a director of JPMorgan Chase in March. On April 16, Hobson paid $2 million for 18,000 JPMorgan shares through the GWL Living Trust, paying $111.05 per share. The trust now owns 28,000 JPMorgan shares.
Since the 4Q17 earnings report, the number of analysts tracking 3M (MMM) has increased to 15 from 14. Analysts’ consensus indicates a target price of $237.92, which implies a return potential of 8.1% over the closing price as of April 17, 2018. Analysts’ consensus target price for 3M has decreased from $246.7 to the current price in three months, which indicates that analysts are a little conservative on the stock.
The company has set its ambitions on reducing the shortage of doctors and nurses at U.S. hospitals via the creation of an online-only marketplace for clinical jobs. “There is a huge shortage of doctors in the U.S., along with nurses and other health-care professionals,” says Alexi Nazem, Nomad’s CEO, who co-founded the company in 2015. The shortage, and the high cost of hospital administration, is traceable in part to an arcane health-care staffing system called locum tenens – a Latin phrase that roughly means “to hold a place.” The locums market, as it is known, is a 50-year-old industry reliant on brokers and recruiters who place doctors and nurses with hospitals in return for a finder’s fee from the hospitals.
Investment and commercial banks (XLF) were expected to benefit from higher trading revenues and lower taxes in 1Q18. All major bankers have beat estimates, reflecting strong operating performance and comfort from lower taxes. Among major bankers, Goldman Sachs (GS) commands a mixed rating outlook, with 10 out of 27 analysts calling for “strong buy or buy” ratings. Fifteen analysts have given “neutral” ratings, and four have assigned “underperform.”
JPMorgan Chase (JPM) paid $6.7 billion to its shareholders in the form of dividends and repurchases in 1Q18, with repurchases seeing 65% YoY (year-over-year) growth and dividends rising 12% in the same period. In terms of its stock, the bank has increased its buyback amount by 29% to 41.4 million shares. Because tax cuts allow banks (XLF) to generate higher operating flows, repurchases are expected to remain upbeat in the upcoming quarters.
Goldman Sachs’s (GS) Investing and Lending segment posted net revenues of $2.1 billion—growth of 43% from 1Q17 and 26% from 4Q17. The segment benefited from higher interest spreads and credit offtake. Net revenues from lending grew 53% to $1.0 billion, helped by higher net interest income and improved lending. Equity securities revenues stood at $1.1 billion, marking growth of 34%. These revenues found help from gains from private equities on select equities, and they were partially offset by lower gains from listed entities. ...
JPMorgan Chase’s (JPM) Asset Management segment managed $16 billion in long-term offerings and outflows of $21 billion in its liquidity products in 1Q18.
Goldman Sachs (GS) posted revenues of $1.8 billion for Investment Banking segment in 1Q18, up 5% on a YoY (year-over-year) basis and down 16% on a sequential basis. Overall, banks’ (XLF) investment banking segments have seen a sequential decline in fundraising and advisory fees in 1Q18, mainly due to volatile markets and policy changes. However, Goldman outperformed in equity and debt underwriting with YoY growth of 27%, helped by fund raises across structured and traditional debt products, public offerings, and private placements in equities.
JPMorgan Chase’s (JPM) Consumer and Community Banking (or CCB) segment posted revenue of $12.6 billion in 1Q18, a rise of 15% YoY (year-over-year) and 4% sequentially, reflecting strong spending momentum and middle-market lending.
JPMorgan Chase’s (JPM) Commercial Banking segment posted revenue of $2.2 billion in 1Q18, up 7% from 1Q17. The segment managed higher revenue on net interest income growth of 14% partially offset by lower investment banking revenue.
The bank posted net revenues of $4.4 billion in 1Q18 for the Institutional Client Services or ICS segment, growth of 85% from 4Q17 and 31% from 1Q17, reflecting a strong rebound from laggard performance in 2H17. The ICS segment’s fixed income, currencies, and commodities trading revenues increased 23% to $2.07 billion, helped by currencies, higher commodity prices, and credit products and partially offset by rates and mortgages. Goldman has taken advantage of higher fluctuations in products outside of equities, and it managed to get an edge over other bankers.
JPMorgan Chase’s (JPM) Corporate and Investment Bank (or CIB) segment managed net revenue of $10.5 billion in 1Q18, higher than its revenues of $9.6 billion in the previous year and $7.5 billion in the previous quarter.
Goldman Sachs (GS) posted its strongest quarterly numbers in three years. The investment banking giant posted earnings per share or EPS of $6.95, compared to estimates of $5.58, helped by lower taxes, a rebound in trading, and debt underwriting. It boosted shareholder payouts, with dividends rising to $0.80 per share and repurchases totaling $800 million.
JPMorgan Chase (JPM) posted EPS (earnings per share) of $2.37 in 1Q18, beating analysts’ estimate of $2.28 aided by tax cuts, higher investment banking and trading revenues, banking growth, and higher interest spreads and partially offset by the subdued performance of its Asset Management segment. The bank posted revenue of $28.5 billion, up 11% on a sequential basis and 10% on a YoY (year-over-year) basis.
JPMorgan Chase & Co. and Citigroup Inc. are pulling ahead of competitors in the world’s biggest financial market, according to Greenwich Associates.
JPMorgan Chase & Co. and Citigroup Inc. are pulling ahead of competitors in the world’s biggest financial market, according to Greenwich Associates. The two banks tied for first place in the consultant’s global foreign-exchange market-share rankings because of their technology and extensive client networks, Greenwich said. UBS Group AG and Deutsche Bank AG tied for third place, while Goldman Sachs Group Inc., HSBC Holdings Plc and Bank of America Corp. tied for fifth in the rankings, which are a based on a survey of more than 2,300 currency users released Wednesday.
Amazon (AMZN) is exploring the creation of a credit card product for business customers, according to Bloomberg. Creating a credit card product for corporate shoppers could expand Amazon’s campaign for business supplies budgets. Last summer, Amazon launched a Prime membership program for businesses, allowing businesses that shop for supplies on its platform to have their orders delivered free of charge within two days.
The number of analysts following Stanley Black & Decker (SWK) has been hovering between 19 and 23 in the past year. At present, 22 analysts are actively tracking SWK. Among them, 64% of the analysts recommended the stock as a “buy,” 36% of the analysts recommended the stock as a “hold,” while none of the analysts have a “sell” recommendation for SWK.
Goldman Sachs' trading desks roared back to life in Q1, helping earnings breeze past expectations, but shareholders won't get the returns they were expecting in the near term.
Shares of consumer technology company GoPro (GPRO) rose 7.8% in the week that ended on April 13, 2018, to close at $5.26. GoPro stock rose 8% on April 13, 2018, after several websites reported that it might be acquired by China’s (FXI) Xiaomi. GoPro’s CEO, Nicholas Woodman, stated that the company was open to an acquisition and had hired JPMorgan (JPM) to look for potential buyers.
JPMorgan Private Bank European Equities Strategist Julien Lafargue discusses the pound and Bank of England monetary policy. He speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)
JPMorgan Private Bank European Equities Strategist Julien Lafargue discusses the markets, Fed policy and the dollar. He speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)
Forget about whether Goldman Sachs Group (GS) beats earnings per share estimates when it reports first-quarter results on Tuesday before the stock market opens. It trounced earnings estimates by an average of 17.6% in each of its past three quarters. The outlook there is mixed, and Goldman might face difficult expectations.