JPMorgan Chase & Co. (NYSE:JPM) had its price target upped by investment analysts at Morgan Stanley from $370.00 to $377.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 13.56% from the stock’s current price.
Several other equities research analysts have also weighed in on JPM. Truist Financial increased their target price on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. The Goldman Sachs Group reissued an “outperform” rating and set a $392.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday. UBS Group decreased their price target on shares of JPMorgan Chase & Co. from $400.00 to $395.00 and set a “buy” rating for the company in a report on Monday, October 5th. Royal Bank Of Canada boosted their price target on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Finally, Robert W. Baird upped their price objective on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the company a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $362.58.
View Our Latest Stock Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings data on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19). The firm had revenue of $50.17 billion for the quarter, compared to analyst estimates of $51.23 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.07 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 24.18 earnings per share for the current year.
Insider Buying and Selling at JPMorgan Chase & Co.
In other news, insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the completion of the transaction, the insider directly owned 71,047 shares of the company’s stock, valued at $25,066,092.07. This trade represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.
Institutional Trading of JPMorgan Chase & Co.
Institutional investors have recently made changes to their positions in the business. MBM Wealth Consultants LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $29,000. Horizons Wealth Management bought a new position in shares of JPMorgan Chase & Co. in the third quarter valued at $31,000. Aventus Investment Advisors Inc. bought a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $33,000. Osbon Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $35,000. Finally, Timbuktu Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the second quarter worth $50,000. Institutional investors own 71.55% of the company’s stock.
Key Stories Impacting JPMorgan Chase & Co.
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: JPMorgan reported third-quarter net income of $15.3 billion, up 6% year over year, while revenue increased 8.1% to approximately $50.2 billion. Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management net income rose 13%, 20%, and 11%, respectively. JPMorgan Chase Reports Third-Quarter Net Income
- Positive Sentiment: Management projected approximately $107 billion of 2027 net interest income, excluding Markets, implying growth from fourth-quarter guidance. Executives also characterized market-related deal activity as delayed rather than canceled, supporting the investment-banking recovery narrative. JPMorgan Sees Deal Delays, Not Cancellations
- Positive Sentiment: The bank declared a $1.65-per-share dividend, and stronger deal activity has led JPMorgan to add more than 1,000 investment bankers globally. Investors may view these actions as support for long-term earnings and capital returns. JPMorgan Taps Rob Sweeney as Dealmaking Rebounds
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.
The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.
JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.
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