JPMorgan Chase & Co. (JPM) reported fourth-quarter EPS of $1.32 before the opening bell Thursday, compared to the consensus estimate of $1.30. The nation’s largest bank by assets – $2.4 trillion – saw its net revenue increase by 0.6% from $22.75 billion last year to $22.89 billion. Analysts expected revenues of $22.34 billion. For the full year, JPMorgan earned $22.41 billion, up 12% YoY. Net income came in at $5.4 billion, an increase of 10%. The gains were driven by higher revenue in Corporate and Consumer & Community Banking.
Jamie Dimon, Chairman and CEO, commented on the financial results: “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.”
The stock is currently up $1.16 to $58.50 on 19K shares.
On valuation measures, JPM shares, which currently have an average 3-month trading volume of 16.35 million shares, trade at a trailing-12 P/E of 9.76, a forward P/E of 9.34 and a P/E to growth ratio of 1.20. The median Wall Street price target on the name is $73.00 with a high target of $79.00. Currently ticker boasts 20 ‘Buy’ endorsements, compared to 6 ‘Holds’ and no ‘Sell’.
Profitability-wise, JPM has a t-12 profit and operating margin of 26.89% and 36.35%, respectively. The $211.05 billion market cap company reported $978.05 billion in cash vs. $640.37 billion in debt in its most recent quarter.
JPM currently prints a one year return of less than one percent, and a year-to-date loss of around 12.50%.