JPMorgan Chase & Co , after the bell rang in New York on Tuesday 13, October, showed off its earnings numbers for the three months through September. Earnings for the quarter came in at $1.32 per share. The firm showed sales totaling $23.535B for the three months.
In the run up to the release of today’s results, analysts following the firm were looking for earnings per share of $1.37 from JPMorgan Chase & Co. for the quarter. Sales for the period were forecast to come in at $23.72B by consensus.
JPMorgan Chase & Co results by comparison
The same three months of 2014 saw JPMorgan Chase & Co earn $1.35 per share on sales that came to $97.923B. In the last twelve months, shares in the firm have gained 5.83 percent of their value. In the three months leading into the release of these results the firm lost 9.60%.
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase’s activities are organized into four business segments. The Company’s Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs, online, mobile and telephone banking.
Analysts look at JPMorgan Chase & Co
JPMorgan Chase & Co is expected to make a profit of $5.80 per share for the twelve months of its current fiscal year. Full sales for the year are forecast to come in at $96.34B.
In the last full fiscal year JPMorgan Chase & Co lost $5.29 per share. Sales came in at $97,932B.
Of the 32 Analyst covering the firm for Wall Street, 12 analysts said that clients should Buy shares in the firm, 15 analysts rated the shares at Overweight, while 5 analysts said that holding the shares was the best option going forward.
None of the analysts said that clients should keep the shares Underweight in their portfolios, while none said that their best idea was to Sell the stock ahead of the release of this earnings report.