JPMorgan Chase & Co. (NYSE:JPM) will release earnings for its second quarter before the opening bell on Tuesday, July 14.
Analysts expect the company to report quarterly earnings of $5.61 per share, up from $4.96 per share in the year-ago period. The consensus estimate for JPMorgan’s quarterly revenue is $49.56 billion. It reported $44.91 billion last year, according to Benzinga Pro.
Ahead of quarterly earnings, UBS analyst Erika Najarian maintained JPMorgan with a Buy rating and raised the price target from $375 to $384, while BofA Securities analyst Ebrahim Poonawala raised the price target from $362 to $408.
With the recent buzz around JPMorgan, some investors may be eyeing potential gains from the company’s dividends too. As of now, JPM has an annual dividend yield of 1.77%, which is a quarterly dividend amount of $1.50 per share ($6.00 a year).
To figure out how to earn $500 monthly from JPMorgan, we start with the yearly target of $6,000 ($500 x 12 months).
