Question
Analysts who follow JPMorgan Chase, one of the nation's largest providers of financial services, estimate that the corporation's earnings per share will increase from $2.94
Analysts who follow JPMorgan Chase, one of the nation's largest providers of financial services, estimate that the corporation's earnings per share will increase from $2.94 in the current year to $3.21 next year.
a.What is the amount of the increase?(Round your answer to 2 decimal places.)
b.What effect, if any, should this increase have on the value of the corporation's stock?
The stock's market value should increase.
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
