Market Update (NYSE:JPM): J.P. Morgan Asset Management Expands ETF Suite with European Equity ETF: JPEU

[PR Newswire] – NEW YORK, Dec. 21, 2015 /PRNewswire/ — J.P. Morgan Asset Management announced that its newest ETF, the JPMorgan Diversified Return Europe Equity ETF (JPEU), will officially begin trading today. Further … Read more on this. JPMorgan Chase & Co. (JPM) , with a current value of $241.23B, started the session at $65.03. Today’s price range has been between $64.83 and $65.56 per share with its 52-week range being $50.07 to $70.61. JPM shares are currently priced at 11.18x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.79x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.76 per share annually in dividends, yielding 2.73%. According to a consensus of 28 analysts, the earnings estimate of $1.32 per share would be $0.13 better than the year-ago quarter and a $0.13 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.93 is a $0.64 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $23.15 Billion. If reported, that would be a 1.70% decrease over the year-ago quarter. In terms of ratings, Credit Agricole upgraded JPM from Outperform to Buy (Aug 25, 2015). Previously, Keefe Bruyette upgraded JPM from Mkt Perform to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $72.96, which is 12.19% above where the stock opened this morning. See more in (NYSE:JPM) Similar Articles: Company Update: JPMorgan Chase (NYSE:JPM) – J.P. Morgan Asset Management Releases 2015 Global Liquidity Survey Results, Identifies Investor Sentiment amid Shifting Market and Regulatory Landscape Stock Update: JPMorgan Chase (NYSE:JPM) – J.P. Morgan Asset Management Expands ETF Strategic Beta Suite with US Equity ETF: JPUS Company Update: JPMorgan Chase (NYSE:JPM) – MOVES-J.P. Morgan Asset Management appoints Diana Amoa senior portfolio manager