|Bid||50.900 x 2000|
|Ask||50.910 x 500|
|Day's range||50.495 - 51.080|
|52-week range||49.270 - 66.310|
|PE ratio (TTM)||12.19|
|Earnings date||13 Jul 2018|
|Forward dividend & yield||1.56 (3.07%)|
|1y target est||63.00|
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.
NEW YORK, April 19, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
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.
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.
Berkshire Hathaway’s (BRK.B) investment portfolio grew to $191 billion in 4Q17 on an increase in its stakes in existing companies and a rise in the valuations of its holdings. In 1Q18, the company is expected to see its investment portfolio valuation fall, as major holdings have seen erosion in the range of 3%–22%. Berkshire could also look to add stakes at their current valuations, as lower prices are offering better valuations.
As new accounting standards for recognizing revenue take effect in the first quarter of 2018, big banks are taking decidedly different tacks in explaining how some revenues would be reported going forward, ...
Wells Fargo’s latest troubles bring to mind words from a popular Britney Spears song: Hit me baby one more time. The embattled bank, which reported better-than-expected first-quarter results last week, warned Friday that it may take a charge of up to $1 billion to settle a regulatory investigation of its consumer business, Bloomberg reports. According to Bloomberg, Wells Fargo is in ongoing discussions with the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency over issues in its auto lending and mortgage units.
JPMorgan Chase (JPM) reported an EPS (earnings per share) of $2.37 in 1Q18—compared to the consensus estimate of $2.28. The bank’s revenue came in at $28.52 billion—compared to the expectations of $27.68 billion. JPMorgan Chase reported a 7% decline in investment banking revenues to $1.6 billion. The bank’s return on equity stood at 15%.
Wells Fargo CFO John Shrewsberry discusses the bank's first-quarter results, the lending business, and Fed constraints on deposits from other banks. He speaks with Bloomberg's Julia Chatterley on "What'd ...
Stocks that moved substantially or traded heavily Friday: Broadcom Inc., up $7.51 to $246.94 The technology company announced a $12 billion stock buyback program. Marathon Oil Corp., up 53 cents to $18.16 ...
JPMorgan Chase CFO Marianne Lake said Friday that it' still too early to gauge whether President Trump's tax cuts will bring more loan growth.
In the previous part, we discussed how prominent investment company Goldman Sachs (GS) had advised clients how to select investments if a trade war were to erupt. Donald Trump’s recent imposition of import tariffs signals a protectionist approach. In such an environment, stocks with higher domestic sales may benefit.
JPMorgan Chase (JPM) Citigroup (C) and Wells Fargo (WFC) all reported first-quarter earnings Friday morning, and all beat analysts' consensus estimates. JPMorgan posted quarterly revenue of $27.9 billion and earnings of $2.37 a share. Citi's earnings came in at $1.68 a share on revenue of $18.87 billion, and Wells Fargo earned $1.12 a share on revenue of $21.9 billion.
Investors' bullish stance on bank stocks was mainly driven by expectations of improving economy and decent Q1 earnings.
Wells Fargo Advisors, it seems, is having another tough year on the personnel front. In a supplement to its quarterly earnings released Friday, the firm reported that it had 14,399 financial advisors at the end of the first quarter —that’s 145 fewer than the firm had at the previous quarter’s end. A spokeswoman downplayed the loss in an e-mail to InvestmentNews, saying the firm “feels no need to focus on raw headcount numbers” of brokers and advisors.
Wells Fargo's profit jumped 6 percent during the first quarter, but that may be revised following an offer by federal regulators to settle a host of investigations into the consumer banking giant at a ...