JPMorgan Chase & Co. (JPM) Q4 Earnings and Revenue Beat Analyst Estimates

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Shares of JPMorgan Chase & Co. (NYSE:JPM) are trading up by $1.17 or 2.04% in the pre-market today after the company posted earnings this morning for their 2015 fourth quarter.

For the quarter JPMorgan Chase & Co. (NYSE:JPM) reported revenue of $23.7 billion, surpassing analyst estimates of $22.86 billion handedly. On the earning’s front the company also beat estimates of $1.26 per share by $0.06, reporting an EPS of $1.32.

“The businesses generated strong loan growth and credit quality, except for some stress in energy. The consumer business continues to gather deposits, outpacing the industry,” CEO Jamie Dimon said in a release.

A portion of the higher EPS can be creditted to the company reducing their noninterest expenses 7.4 percent to $14.26 billion. The stock decreased 2.68% or $1.58 during the last trading session, hitting $57.38. Approximately 61,153 shares traded hands. JPM shares have declined 16.00% since June 10, 2015 and are currently downtrending. It has underperformed the S&P500 by 8.51%.

From a total of 14 analysts covering JPMorgan Chase & Co (NYSE:JPM) stock, 13 rate it a “Buy”, 0 a “Sell”, and 1 a “Hold”. This means that 93% of the ratings are positive. The highest target price is $79 while the lowest target price is $70. The mean of all analyst targets is $74.30 which is 29.49% above today’s ($57.38) stock price. JPMorgan Chase & Co was the topic of 20 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs downgraded shares on January 11 to a “Neutral” rating. Vetr upgraded shares to a”Buy” rating and a $71.88 target share price in their report from a September 1. Keefe Bruyette & Woods maintained JPM stock in a recent report from October 14 with a “Outperform” rating. Credit Agricole upgraded the rating on August 25. Credit Agricole has a “Outperform” rating and a $78.0 price target on shares. Finally, Citigroup maintained the stock with a “Buy” rating in a report they issued on an October 5.

The institutional sentiment decreased to 1.1 in Q2 2015. It’s down 0.04, from 1.14 in 2015Q2. The ratio is negative, as 83 funds sold all their JPMorgan Chase & Co. shares they owned while 666 reduced their positions. 89 funds bought stakes while 734 increased their total positions. Institutions now own 2.71 billion shares which is 0.70% less than the previous share count of 2.73 billion in 2015Q2.

Yale University holds 34.82% of its total portfolio in JPMorgan Chase & Co., equating to 3.41 million shares. Western Asset Management Co owns 320,000 shares representing 17.13% of their total US portfolio. Moreover, Tegean Capital Management Llc has 13.66% of their total portfolio invested in the company, equating to 300,000 shares. The United Kingdom-based Lloyds Banking Group Plc has a total of 13.04% of their portfolio invested in the stock. Prosiris Capital Management Lp, a New York-based fund reported 351,721 shares owned.

Since April 15, 2015, the stock had 0 insider buys, and 3 sales for a total of $925,502 in net activity. O’donovan Mark sold 1,144 shares worth $72,846. Jackson Laban sold 400 shares worth $415,124. Cutler Stephen M sold 7,217 shares worth $437,532. Bacon Ashley sold 32,882 shares worth $2.27M. The insider Erdoes Mary E. sold 13,022 shares worth $899,426.

JPMorgan Chase & Co. is a financial holding company. The company has a market cap of $217.04 billion. The Firm is engaged in investment banking, financial services for clients and small businesses, commercial banking, financial transaction processing and asset management. It has 9.78 P/E ratio. JPMorgan Chase’s activities are organized into four business divisions.

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