BMO Capital Markets Reaffirms Hold Rating for JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “hold” rating restated by BMO Capital Markets in a research note issued to investors on Friday, August 25th. They presently have a $86.00 price target on the financial services provider’s stock. BMO Capital Markets’ target price would suggest a potential downside of 3.92% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. BidaskClub raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Vetr downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective for the company. in a research report on Monday, June 12th. Vining Sparks raised JPMorgan Chase & Co. to an “outperform” rating and set a $95.00 price objective for the company in a research report on Thursday, April 27th. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $99.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 17th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $85.59.

JPMorgan Chase & Co. (JPM) opened at 89.51 on Friday. The firm has a market cap of $314.94 billion, a price-to-earnings ratio of 13.20 and a beta of 1.19. The firm’s 50-day moving average price is $91.83 and its 200-day moving average price is $89.03. JPMorgan Chase & Co. has a 1-year low of $65.11 and a 1-year high of $95.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.23. The company had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. JPMorgan Chase & Co. had a return on equity of 11.38% and a net margin of 27.60%. JPMorgan Chase & Co.’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post $6.81 earnings per share for the current year.

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In other news, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the transaction, the insider now directly owns 3,783 shares of the company’s stock, valued at $345,350.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The disclosure for this sale can be found here. Insiders have sold 28,564 shares of company stock valued at $2,605,334 over the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 12 shares during the last quarter. IPG Investment Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.3% during the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 17 shares during the last quarter. Paradigm Financial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.3% during the first quarter. Paradigm Financial Advisors LLC now owns 6,805 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 21 shares during the last quarter. BSW Wealth Partners grew its holdings in shares of JPMorgan Chase & Co. by 0.5% during the first quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 26 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.5% during the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 26 shares during the last quarter. 78.02% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)




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