JPMorgan Chase & Co. (JPM) Given a $119.00 Price Target at Bank of America

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.

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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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