Market Update (NYSE:JPM): J.P. Morgan adds ERISA Strategist Daniel Notto to Retirement Solutions Group, Bolsters Focus on Legislative and Regulatory Issues Impacting Defined Contribution Plans

[PR Newswire] – NEW YORK, Feb. 9, 2016 /PRNewswire/ — J.P. Morgan Asset Management today announced the addition of Daniel Notto, managing director and ERISA strategist, to its Retirement Solutions group. In this role, … Read more on this. JPMorgan Chase & Co. (JPM) , currently valued at $205.64B, opened this morning at $55.29. Looking at the stock, its one day range is $55.13 to $56.18 with a one year range of $50.07 to $70.61. JPM shares are currently priced at 9.30x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.14x forward p/e ratio. And for income investors, the company pays shareholders $1.76 per share annually in dividends, yielding 3.05%. Consensus earnings for the current quarter by the 27 sell-side analysts covering the stock is an estimate of $1.51 per share, which would be $0.06 better than the year-ago quarter and a $0.05 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.08 is a $0.08 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $24.76 Billion. If realized, that would be a 0.24% decrease over the year-ago quarter. Recently, Nomura downgraded JPM from Buy to Neutral (Jan 25, 2016). Previously, Atlantic Equities upgraded JPM from Neutral to Overweight. The average price target for JPM shares is $72.41, which is 30.96% above where the stock opened this morning. See more in (NYSE:JPM) Similar Articles: Stock Update: JPMorgan Chase (NYSE:JPM) – J.P. Morgan Asset Management Research Continues to Confirm Defined Contribution Participant Behavior More Volatile than Some Target Date Fund Providers May Expect 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 (NYSE:JPM): J.P. Morgan Explores Financial Future of Millennials from Saving to Retirement