Stock Update (NYSE:JPM): J.P. Morgan Launches Diversified Asian Local Markets Index (JADE)

[Business Wire] – NEW YORK–(BUSINESSWIRE)– J.P. Morgan introduces the J.P. Morgan Asia Diversified (JADE) suite of indices. JADE provides investors with a robust, diversified benchmark that tracks local currency government … Read more on this. JPMorgan Chase & Co. (JPM) , with a current market cap of $216.24B, began trading this morning at $58.77. Today’s price range has been between $57.99 and $59.13 per share with the price of the stock fluctuating between $50.07 to $70.61 over the last 52 weeks. J.P. Morgan (JPM) shares are currently priced at 10.46x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.88x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.76 per share annually in dividends, yielding 2.98%. According to a consensus of 28 analysts, the earnings estimate of $1.28 per share would be $0.17 worse than the year-ago quarter and a $0.27 sequential decrease. The full-year EPS estimate is $5.66 which would be a $0.34 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $23.53 Billion. If realized, that would be a 5.20% decrease over the year-ago quarter. In terms of ratings, Portales Partners downgraded JPM from Sector Perform to Underperform (Feb 22, 2016). Previously, Nomura downgraded JPM from Buy to Neutral. The average price target for JPM shares by the analysts covering it is $69.36, which is 18.02% above where the stock opened. See more in (NYSE:JPM) Similar Articles: Company Update (NYSE:JPM): J.P. Morgan Launches New Asset-Backed Securities Index Stock Update: JPMorgan Chase (NYSE:JPM) – J.P. Morgan Asset Management Releases 2016 Long-term Capital Markets Assumptions, Presents Views on Strategic Portfolio Allocations and Realistic Return Expectations Stock Update: JPMorgan Chase (NYSE:JPM) – J.P. Morgan Asset Management Expands ETF Strategic Beta Suite with US Equity ETF: JPUS