J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “buy” rating reiterated by investment analysts at Bank of America Corporation in a research report issued on Monday. They currently have a $99.00 price target on the financial services provider’s stock. Bank of America Corporation’s target price indicates a potential upside of 8.71% from the stock’s previous close.
Several other brokerages have also recently issued reports on JPM. Buckingham Research reissued a “neutral” rating and set a $100.00 price target (up previously from $94.00) on shares of J P Morgan Chase & Co in a research report on Monday, July 10th. Vetr raised shares of J P Morgan Chase & Co from a “buy” rating to a “strong-buy” rating and set a $97.82 price target on the stock in a research report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $93.00 price target on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Nomura reissued a “neutral” rating and set a $83.00 price target on shares of J P Morgan Chase & Co in a research report on Monday, April 17th. Finally, Barclays PLC reissued an “overweight” rating and set a $100.00 price target on shares of J P Morgan Chase & Co in a research report on Monday, March 20th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $85.43.
J P Morgan Chase & Co (NYSE:JPM) opened at 91.07 on Monday. J P Morgan Chase & Co has a 1-year low of $63.38 and a 1-year high of $94.51. The company has a 50-day moving average of $88.33 and a 200 day moving average of $87.69. The stock has a market cap of $323.51 billion, a P/E ratio of 14.02 and a beta of 1.19.
J P Morgan Chase & Co (NYSE:JPM) last posted its earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. The company had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. J P Morgan Chase & Co’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 earnings per share. Analysts predict that J P Morgan Chase & Co will post $6.80 EPS for the current year.
In other news, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ashley Bacon sold 6,514 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $87.21, for a total value of $568,085.94. Following the completion of the transaction, the insider now owns 47,384 shares of the company’s stock, valued at approximately $4,132,358.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,110 shares of company stock valued at $2,270,818. Company insiders own 0.85% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Visionary Asset Management Inc. purchased a new position in shares of J P Morgan Chase & Co during the second quarter worth $260,000. White Pine Investment CO boosted its stake in J P Morgan Chase & Co by 1.7% in the second quarter. White Pine Investment CO now owns 43,910 shares of the financial services provider’s stock worth $4,013,000 after buying an additional 749 shares in the last quarter. Beech Hill Advisors Inc. boosted its stake in J P Morgan Chase & Co by 2.8% in the second quarter. Beech Hill Advisors Inc. now owns 5,565 shares of the financial services provider’s stock worth $509,000 after buying an additional 150 shares in the last quarter. Diversified Trust Co boosted its stake in J P Morgan Chase & Co by 317.8% in the second quarter. Diversified Trust Co now owns 32,726 shares of the financial services provider’s stock worth $2,991,000 after buying an additional 24,894 shares in the last quarter. Finally, Culbertson A N & Co. Inc. boosted its stake in J P Morgan Chase & Co by 0.7% in the second quarter. Culbertson A N & Co. Inc. now owns 122,134 shares of the financial services provider’s stock worth $11,163,000 after buying an additional 863 shares in the last quarter. Institutional investors and hedge funds own 74.25% of the company’s stock.
J P Morgan 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.
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