Upcoming AWS Coverage on Mitsubishi UFJ Financial Group

LONDON, UK / ACCESSWIRE / January 17, 2017 / Active Wall St. announces its post-earnings coverage on JPMorgan Chase & Co. (NYSE: JPM). The Company released its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year 2016 (FY16) on January 13, 2017. The New York-based bank's quarterly diluted EPS rose 30% y-o-y; outperforming Wall Street's forecasts. Register with us now for your free membership at: http://www.activewallst.com/register/.

One of JPMorgan Chase's competitors within the Money Center Banks space, Mitsubishi UFJ Financial Group Inc. (NYSE: MTU), is expected to report its fiscal Quarter ending December 2016 earnings results on February03, 2017 after market close. AWS will be initiating a research report on Mitsubishi UFJ Financial Group following the release of its next earnings results.

Today, AWS is promoting its earnings coverage on JPM; touching on MTU. Get our free coverage by signing up to:

http://www.activewallst.com/registration-3/?symbol=JPM

http://www.activewallst.com/registration-3/?symbol=MTU

Earnings Reviewed

During Q4 FY16, JPMorgan reported managed net revenues of $24.33 billion, which was 2% above $23.75 billion recorded in Q4 FY15. Managed net revenue for the reported quarter beat market consensus estimates of $23.1 billion.

The financial services firm's net income for Q4 FY16 came in at $6.73 billion, or $1.71 per diluted share, up from $5.43 billion, or $1.32 per diluted share, in Q4 FY15. Furthermore, net income numbers for Q4 FY16 beat Wall Street's consensus estimates of $1.42 per diluted share.

For FY16, Bank of America's managed net revenues came in at $99.14 billion compared to $96.63 billion recorded in FY15. The Company's net income improved during FY16 to $24.73 billion, or $6.19 per diluted share, from $24.44 billion, or $6.00 per diluted share, in the previous year.

Performance Metrics

In Q4 FY16, JPMorgan's managed net interest income grew 5% y-o-y to $12.07 billion, primarily due to growth in loan and the net impact of higher rates, which was partially offset by lower investment securities balances. Managed noninterest revenues for Q4 FY16 was relatively flat compared to $12.27 billion in the year ago same quarter.

JPMorgan reported return on assets of 1.06% in Q4 FY16, versus 0.90% in the year ago comparable quarter. The return on common equity stood at 11% for Q4 FY16 compared to 9% reported in last year's corresponding period. Additionally, the bank's return on tangible return on common equity came in at 14% compared to 11% in Q4 FY15.

As on December 31, 2016, the Company's Basel III common equity Tier 1 capital stood $182 billion, or 12.2%, compared to $173 billion, or 11.6%, in the year ago comparable period. The Basel III Tier 1 capital ratio was 13.9% at the end of Q4 FY16 compared to 13.3% at the close of Q4 FY15. Additionally, tangible book value per share came in at $51.44 as on December 31, 2016, up 7% y-o-y from $48.13 per share as on December 31, 2015.

Segment Performance

In Q4 FY16, Consumer & Community Banking segment's revenues came in at $11.02 billion compared to $11.22 billion in prior year's same quarter. The segment's net income fell to $2.36 billion in Q4 FY16 from $2.41 billion in Q4 FY15.

Corporate & Investment Bank's revenues rose 20% during Q4 FY16 to $8.46 billion from $7.07 billion reported in the year ago same quarter. The segment's net income also surged 96% y-o-y to $3.43 billion in Q4 FY16. The surge in net income is primarily attributed to higher net revenue, lower noninterest expense, lower provision for credit losses and a tax benefit related to the utilization of certain deferred tax assets.

JPMorgan's Commercial Banking net revenues stood at $1.96 billion, up 12% y-o-y, primarily driven by higher deposit spreads and loan growth, and higher investment banking revenue. The segment's net income surged 25% y-o-y to $687 million in the reported quarter.

Asset Management segment reported net revenues of $3.09 billion in Q4 FY16 versus $3.05 billion in Q4 FY15. Furthermore, the segment contributed $586 million to combined net income, up 16% y-o-y.

However, the Company's corporate segment reported net loss of $341 million in Q4 FY16 compared to a net income of $222 million in the last year's comparable period. The Company had reported revenue outflow of $197 million in Q4 FY16 compared to revenue inflow of $651 million in the prior year's same quarter.

Dividend and Share Repurchase

In a separate press release on December 13, 2016, JPMorgan's Board of Directors announced a quarterly dividend of $0.48 per share, which is payable on January 31, 2017, to stockholders of record at the close of business on January 06, 2017.

The Company informed Wall Street that it had returned capital worth $3.8 billion to its shareholders in Q4 FY16, which included $2.1 billion of net share buyback and $0.48 per share in form of quarterly cash dividend.

Stock Performance

Last Friday, the stock closed the trading session at $86.70, marginally up 0.53% from its previous closing price of $86.24. A total volume of 28.25 million shares have exchanged hands, which was higher than the 3-month average volume of 17.56 million shares. JPMorgan's stock price surged 28.70% in the last three months, 36.82% in the past six months, and 53.18% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 1.03%. The stock is trading at a PE ratio of 14.94 and has a dividend yield of 2.21%.

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SOURCE: Active Wall Street