Switch to:
GuruFocus has detected 3 Warning Signs with JPMorgan Chase & Co $JPM.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
JPMorgan Chase & Co (NYSE:JPM)
Shares Outstanding (EOP)
3,578 Mil (As of Dec. 2016)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. JPMorgan Chase & Co's shares outstanding for the quarter that ended in Dec. 2016 was 3,578 Mil.

JPMorgan Chase & Co's quarterly shares outstanding stayed the same from Sep. 2016 (3,578 Mil) to Dec. 2016 (3,578 Mil).

JPMorgan Chase & Co's annual shares outstanding declined from Dec. 2015 (3,663 Mil) to Dec. 2016 (3,578 Mil). It means JPMorgan Chase & Co bought back shares from Dec. 2015 to Dec. 2016 .


Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value Per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings Per Share, etc.


A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

If a company buys back shares, we should also observe negative number for Net Issuance of Stock in its cash flow statement. If a company issues shares, we will observe positive number of Net Issuance of Stock.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Related Terms

Net Issuance of Stock, Buy Back Rate, Shares Outstanding (Diluted Average)

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

JPMorgan Chase & Co Annual Data

Shares Outstanding (EOP) 3,3673,7333,9423,9103,7733,8043,7563,7153,6633,578

JPMorgan Chase & Co Quarterly Data

Shares Outstanding (EOP) 3,7153,7133,6983,6813,6633,6623,6123,5783,5783,558
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)