JPMorgan Chase & Co. (NYSE:JPM) received a $119.00 target price from analysts at Bank of America in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Bank of America’s price target suggests a potential upside of 5.62% from the company’s current price.
JPM has been the subject of several other reports. Keefe, Bruyette & Woods restated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 11th. Deutsche Bank lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and upped their price objective for the stock from $90.00 to $96.00 in a research note on Tuesday, September 26th. Vining Sparks restated a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday. Robert W. Baird restated a “hold” rating and issued a $88.00 price objective on shares of JPMorgan Chase & Co. in a research note on Thursday, September 21st. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target of $103.23.
Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $112.67 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $390,930.00, a price-to-earnings ratio of 17.66, a PEG ratio of 2.05 and a beta of 1.22. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $112.85.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. JPMorgan Chase & Co.’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 EPS. research analysts anticipate that JPMorgan Chase & Co. will post 8.25 earnings per share for the current fiscal year.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $102,000. Welch Investments LLC bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $103,000. Legacy Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $106,000. Atlantic Trust LLC bought a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $136,000. Finally, Lipe & Dalton bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $143,000. 73.78% of the stock is owned by institutional investors and hedge funds.
WARNING: This news story was first reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://transcriptdaily.com/2018/01/16/jpmorgan-chase-co-jpm-given-a-119-00-price-target-at-bank-of-america.html.
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.
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.