[ad_1]

JPMorgan Chase & Co. (NYSE: JPM) saw its price target raised by equity researchers at Credit Suisse Group from $ 170.00 to $ 177.00 in a report released Wednesday, The Fly reports. The company currently has an “outperformance” rating on shares of the financial services provider. Credit Suisse Group’s price target would point to a potential rise of 13.72% from the company’s previous close.

A number of other brokerages have also recently published reports on JPM. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a target price of $ 173.00 for the stock. in a report on Wednesday June 9. BMO Capital Markets raised its target price on JPMorgan Chase & Co. from $ 136.00 to $ 141.00 and gave the stock a “market performance” rating in a report released Wednesday. Piper Sandler raised her price target on JPMorgan Chase & Co. from $ 170.00 to $ 182.00 and rated the stock “overweight” in a report released Thursday, April 15. Goldman Sachs Group set a price target of $ 182.00 on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report released on Friday, June 25. Finally, Deutsche Bank Aktiengesellschaft raised its price target on JPMorgan Chase & Co. from $ 142.00 to $ 175.00 and gave the stock a “buy” rating in a report released on Thursday April 1. Two equity research analysts rated the stock with a sell rating, six assigned a conservation rating, and twelve issued a buy rating for the stock. The company has an average rating of “Buy” and a consensus target price of $ 161.33.

JPM shares opened at $ 155.65 on Wednesday. The company has a market cap of $ 471.17 billion, a P / E ratio of 12.36, a price / earnings-growth ratio of 2.39 and a beta of 1.19. JPMorgan Chase & Co. has a 52 week low of $ 91.38 and a 52 week high of $ 167.44. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt ratio of 1.12. The 50-day moving average for the stock is $ 158.81.

JPMorgan Chase & Co. (NYSE: JPM) last announced its quarterly earnings data on Monday, July 12. The financial services provider reported EPS of $ 3.78 for the quarter, beating the consensus estimate of $ 3.09 by $ 0.69. JPMorgan Chase & Co. had a net margin of 31.15% and a return on equity of 16.66%. The company posted revenue of $ 30.50 billion in the quarter, compared to a consensus estimate of $ 29.71 billion. In the same quarter of last year, the company posted EPS of $ 1.38. The company’s quarterly revenue was down 7.9% year-on-year. As a group, equity analysts predict that JPMorgan Chase & Co. will post 13.23 EPS for the current year.

Meanwhile, Executive Vice President Marianne Lake sold 13,047 JPMorgan Chase & Co. shares in a transaction dated Thursday, April 15. The stock was sold for an average price of $ 150.90, for a total value of $ 1,968,792.30. Additionally, insider Ashley Bacon sold 11,930 shares of JPMorgan Chase & Co. in a transaction dated Thursday, April 15. The stock was sold for an average price of $ 150.91, for a total value of $ 1,800,356.30. Insiders sold a total of 61,130 shares of the company valued at $ 9,224,636 during the last quarter. Company insiders own 0.79% of the company’s shares.

A number of institutional investors and hedge funds have recently changed their positions in JPM. Intelligence Driven Advisers LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter for a value of approximately $ 200,000. Sage Mountain Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter, valued at approximately $ 1,049,000. Ironwood Wealth Management LLC. increased its stake in JPMorgan Chase & Co. by 4,550.0% in the 4th quarter. Ironwood Wealth Management LLC. Now owns 12,648 shares of the financial services provider valued at $ 1,607,000 after purchasing 12,376 additional shares last quarter. Los Angeles Capital Management LLC increased its stake in JPMorgan Chase & Co. by 67.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,166,686 shares of the financial services provider valued at $ 148,251,000 after purchasing an additional 470,282 shares in the last quarter. Finally, United Bank increased its stake in JPMorgan Chase & Co. by 5.4% in the 4th quarter. United Bank now owns 26,538 shares of the financial services provider valued at $ 3,372,000 after purchasing an additional 1,367 shares in the last quarter. 70.38% of the capital is held by institutional investors.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a worldwide financial services company. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB) and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; small business loan, deposit, cash management and payment solutions; mortgage loan origination and management activities; residential mortgage loans and home equity loans; and credit card, auto loan and leasing services.

Recommended story: G-20

The fly logo

Analyst Recommendations for JPMorgan Chase & Co. (NYSE: JPM)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured article: What is cost of goods sold (COGS)?

7 actions that would make great graduation gifts

Graduation ceremonies are often seen as an end. But they also have the potential to be an exciting new beginning. We might be biased, but we believe that a perfect way to launch your graduate into the world is to help them begin their investment education. And one way to help them do that is to have them invest in what they know.

This current generation of graduates has never lived in a world without things like iPhones, the Internet, and they were the generation that probably had smartphones when they were in high school. This is a generation that has embraced and demanded relentless technological innovation. And they rewarded the companies that delivered.

Now is the time to reward them, and maybe yourself too. In this special talk, we’ll take a look at seven actions that would make ideal graduation gifts. Each of these stocks has one or more lessons that graduates can follow throughout their lives and careers.

See the “7 Actions That Would Make Great Graduation Gifts”.

[ad_2]

Leave a Reply

Your email address will not be published.