Revenue: $27.9 billion, ahead of analyst expectations of $27.7 billion. Citigroup reiterated a buy rating and issued a $220.00 price objective on shares of Facebook in a report on Thursday, February 1st. They now have a $242.00 price objective on the social networking company's stock.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 31st. The stock has "Sell" rating by UBS on Wednesday, March 28.
Since November 17, 2017, it had 0 buys, and 1 sale for $292,234 activity. In Friday, January 12 report BMO Capital Markets maintained it with "Hold" rating and $110.0 target. On a per-share basis, JPMorgan earned $2.37 a share, up from $1.65 per share, beating analysts' forecasts. Finally, JMP Securities set a $235.00 price objective on shares of Facebook and gave the stock a buy rating in a report on Thursday, February 1st.
Net income for the first quarter was $8.7 billion, up 35.1% from the same time a year ago. Following the acquisition, the director now directly owns 305,875 shares of the company's stock, valued at $34,677,048.75. The company's stock had a trading volume of 16,619,861 shares, compared to its average volume of 16,085,063. It also increased its holding in Ctrip Com Intl Ltd (NASDAQ:CTRP) by 208,000 shares in the quarter, for a total of 7.46 million shares, and has risen its stake in Emerson Elec Co (NYSE:EMR). The Massachusetts-based Eaton Vance Mgmt has invested 2.24% in JPMorgan Chase & Co.
Copeland Capital Management Llc, which manages about $1.04B and $1.58 billion US Long portfolio, decreased its stake in Visa (NYSE:V) by 11,900 shares to 73,109 shares, valued at $8.34 million in 2017Q4, according to the filing.
Trump dodges timing of Syria strike
After the USA warmongering rhetoric against Syria and its allies, Russian Federation warned the US of striking Syria. He said unilateral action against Syria would be considered illegal by the whole United Nations system.
WINTER STORM WARNING: Another heavy dumping of spring snow this weekend
Rain is expected to develop overnight and spread northward on Friday and mixing with freezing rain or snow over the north. By Saturday afternoon, the freezing line will stretch across the Thumb, Saginaw area and just north of Grand Rapids.
NBA Playoffs 2018: What time, TV, channel is Miami Heat vs
They can do this by taking advantage of their 16-game winning streak and a weak Eastern Conference, making the NBA Finals. When playing the same opponent as many as seven times in a row, it can prove challenging to surprise your opponent.
JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $119.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01. Alliancebernstein L.P. grew its stake in JPMorgan Chase by 29.2% in the second quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Insiders sold 6,812,678 shares of company stock valued at $1,193,584,853 in the last three months. JPMorgan Chase & Co.'s dividend payout ratio is now 35.56%. Beach Investment Management LLC. now owns 559,171 shares of the financial services provider's stock worth $51,108,000 after purchasing an additional 513,241 shares in the last quarter.
JPMorgan Chase & Co. shares rose $1.89 (+1.67%) in premarket trading Friday. Moreover, Stoneridge Ptnrs Limited Co has 2.18% invested in JPMorgan Chase & Co.
TRADEMARK VIOLATION NOTICE: This piece of content was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another publication, it was stolen and republished in violation of United States & global copyright & trademark legislation. The original version of this piece of content can be read at https://stocknewstimes.com/2018/04/13/jpmorgan-chase-co-jpm-expected-to-announce-earnings-of-2-27-per-share.html. The Company is engaged in investment banking, financial services. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management.
The bank's chief executive Jamie Dimon said JPMorgan has been outpacing the industry on consumer deposit growth while attracting significant net new money and growing client investment assets by 13%.