J P Morgan Chase & Co (JPM) Rating Reiterated by Royal Bank Of Canada

Royal Bank Of Canada restated their buy rating on shares of J P Morgan Chase & Co (NYSE:JPM) in a research report sent to investors on Wednesday morning. The brokerage currently has a $105.00 target price on the financial services provider’s stock.

A number of other analysts also recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the stock an outperform rating in a research report on Friday, October 27th. Barclays PLC increased their target price on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an overweight rating in a research report on Friday, October 13th. Nomura increased their target price on shares of J P Morgan Chase & Co from $87.00 to $91.00 and gave the stock a neutral rating in a research report on Friday, October 13th. Bank of America Corporation set a $102.00 target price on shares of J P Morgan Chase & Co and gave the stock a buy rating in a research report on Friday, October 13th. Finally, Morgan Stanley increased their target price on shares of J P Morgan Chase & Co from $99.00 to $107.00 and gave the stock an overweight rating in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. J P Morgan Chase & Co currently has a consensus rating of Hold and a consensus target price of $92.18.

Shares of J P Morgan Chase & Co (NYSE JPM) opened at $98.14 on Wednesday. The stock has a market cap of $340,518.91, a P/E ratio of 14.14, a P/E/G ratio of 2.13 and a beta of 1.22. J P Morgan Chase & Co has a 1 year low of $77.29 and a 1 year high of $102.42. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37.

J P Morgan Chase & Co (NYSE:JPM) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 EPS. analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.28%. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 32.28%.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.88% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Private Vista LLC bought a new stake in J P Morgan Chase & Co in the second quarter valued at $102,000. Kohmann Bosshard Financial Services LLC bought a new stake in J P Morgan Chase & Co in the third quarter valued at $102,000. Welch Investments LLC bought a new stake in shares of J P Morgan Chase & Co during the third quarter valued at about $103,000. Legacy Advisors LLC bought a new stake in shares of J P Morgan Chase & Co during the third quarter valued at about $106,000. Finally, Pacific Center for Financial Services raised its stake in shares of J P Morgan Chase & Co by 14.5% during the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 177 shares in the last quarter. Institutional investors own 78.97% 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.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

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