Stock Update (NYSE:JPM): J.P. Morgan Asset Management Survey Finds 75% of Investors Plan to Increase their Real Assets Allocation

[PR Newswire] – NEW YORK, June 8, 2016 /PRNewswire/ — J.P. Morgan Asset Management – Global Real Assets recently hosted its 2016 Global Real Assets Conference in New York. Now in its 16 th year, the annual forum brought … Read more on this. JPMorgan Chase & Co. (JPM) , valued at $238.57B, started the session at $64.93. Today’s price range has been between $64.92 and $65.48 per share with a one year range of $50.07 to $70.61. Priced at 11.45x this year’s forecasted earnings, JPM shares are relatively inexpensive compared to the industry’s 14.96x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 2.94%. According to a consensus of 28 analysts, the earnings estimate of $1.43 per share would be $0.11 worse than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.68 would be a $0.32 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $23.95 Billion. If reported, that would be a 2.36% decrease over the year-ago quarter. Recently, Portales Partners downgraded JPM from Sector Perform to Underperform (Feb 22, 2016). Previously, Nomura downgraded JPM from Buy to Neutral. Given all the information above, we should disclose to readers that the average price target is $70.75, which is 8.96% above than it opened this morning. See more in (NYSE:JPM) Similar Articles: Stock Update: JPMorgan Chase (NYSE:JPM) – J.P. Morgan Asset Management Explores the Future of Monetary Policy, Finds Global Policymakers at Point of No Return Regarding Quantitative Easing Company Update (NYSE:JPM): J.P. Morgan Asset Management Explores Impact of Pension Protection Act on DC Plans as 10-year Anniversary Approaches, Finds Many Participants Not Allocating Assets Appropriately Market Update: JPMorgan Chase (NYSE:JPM) – J.P. Morgan Asset Management – Global Real Assets Appoints George Ahl as Managing Director and Client Portfolio Manager for Real Estate Americas