JPMorgan Chase & Co. (NYSE:JPM) Upgraded by Hsbc Global Res to Hold Rating

JPMorgan Chase & Co. (NYSE:JPM) was upgraded by stock analysts at Hsbc Global Res from a “moderate sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Dbs Bank raised shares of JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, October 21st. Daiwa Capital Markets upped their target price on JPMorgan Chase & Co. from $345.00 to $353.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $350.00 to $360.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank Of Canada reduced their price target on JPMorgan Chase & Co. from $343.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Finally, Loop Capital set a $310.00 price objective on shares of JPMorgan Chase & Co. in a research report on Thursday, October 23rd. Fourteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $333.90.

JPMorgan Chase & Co. Trading Down 2.2%

Shares of JPM stock opened at $327.09 on Wednesday. The stock has a market cap of $890.42 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $337.25. The firm’s 50 day moving average price is $314.48 and its two-hundred day moving average price is $303.73.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company had revenue of $47.12 billion during the quarter, compared to analyst estimates of $44.42 billion. During the same quarter in the prior year, the business earned $4.37 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 966 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the completion of the sale, the insider owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. The trade was a 1.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Hedge funds have recently bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $26,000. Mountain Hill Investment Partners Corp. acquired a new position in JPMorgan Chase & Co. in the third quarter worth $32,000. Family Legacy Financial Solutions LLC increased its stake in JPMorgan Chase & Co. by 92.6% during the third quarter. Family Legacy Financial Solutions LLC now owns 104 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. Mizuho Securities Co. Ltd. raised its holdings in shares of JPMorgan Chase & Co. by 450.0% during the second quarter. Mizuho Securities Co. Ltd. now owns 110 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 90 shares during the period. Finally, Turning Point Benefit Group Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $35,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. News Summary

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: Chase will become the new issuer of the Apple Card in a deal reported and confirmed today — a multi-year consumer-deposit and credit relationship that should boost card loans, interchange revenue and deposits over time. This is a clear revenue/scale positive for JPM’s consumer franchise. Chase to become new issuer of Apple Card
• Positive Sentiment: Wall Street bullishness and price-target increases are supporting the stock — several analysts have raised targets and reiterated buy/outperform views ahead of JPM’s Jan. 13 earnings, reinforcing the view that the bank’s profitability and capital position remain strong. Analyst Says JPMorgan Trading At A Discount
• Positive Sentiment: JPMorgan named Sri Kosaraju global chair of investment banking to bolster its healthcare vertical — a senior hire that signals focus on growth in advisory and healthcare M&A, an area that can generate higher-fee revenue. JPMorgan appoints Sri Kosaraju as global chair of investment banking
• Neutral Sentiment: JPMorgan Asset Management has cut ties with external proxy-advisory firms and will use an internal AI system to aggregate and analyze proxy votes. The move highlights JPM’s push to automate and control governance workflows — potential cost and control benefits, but with reputational and implementation risks that investors will watch. JPMorgan’s asset management will no longer use controversial proxy advisors
• Negative Sentiment: Short-term sell pressure and options activity: data aggregators reported notable intraday selling and heavy call/option flows, and Quiver flagged the stock trading down with elevated volume — these flows can amplify intraday declines. $JPM stock is down 3% today
• Negative Sentiment: Some sell-side model updates trimmed near-term EPS forecasts (Zacks and others lowered quarterly/yearly estimates), which can weigh on sentiment heading into the January earnings print. This makes the upcoming Q4 report a focal point for risk. (See Zacks research commentary for estimate changes.)

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.