JPMorgan Chase & Co. (NYSE:JPM) gapped up prior to trading on Friday . The stock had previously closed at $64.31, but opened at $64.56. JPMorgan Chase & Co. shares last traded at $66.32, with a volume of 9,465,014 shares traded.

Several equities research analysts have recently weighed in on the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, June 4th. Barclays PLC reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Sunday, July 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $71.18.

The firm’s 50-day moving average is $62.79 and its 200-day moving average is $61.02. The stock has a market capitalization of $241.05 billion and a price-to-earnings ratio of 11.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Thursday, July 14th. The financial services provider reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.12. During the same quarter in the previous year, the company earned $1.54 earnings per share. The company earned $24.40 billion during the quarter, compared to the consensus estimate of $23.84 billion. The business’s revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post $5.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.90%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, July 1st.

In other JPMorgan Chase & Co. news, COO Matthew E. Zames sold 3,991 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $63.91, for a total value of $255,064.81. Following the transaction, the chief operating officer now directly owns 282,287 shares of the company’s stock, valued at $18,040,962.17. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gordon Smith sold 23,735 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $64.05, for a total value of $1,520,226.75. Following the completion of the transaction, the executive vice president now directly owns 152,462 shares in the company, valued at $9,765,191.10. The disclosure for this sale can be found here.

Other institutional investors have modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of JPMorgan Chase & Co. by 6.3% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 17,119 shares of the financial services provider’s stock valued at $1,130,000 after buying an additional 1,021 shares during the period. CFO4Life L.P. raised its position in shares of JPMorgan Chase & Co. by 15.0% in the fourth quarter. CFO4Life L.P. now owns 17,317 shares of the financial services provider’s stock valued at $1,143,000 after buying an additional 2,262 shares during the period. Greenleaf Trust raised its position in shares of JPMorgan Chase & Co. by 4.7% in the fourth quarter. Greenleaf Trust now owns 18,911 shares of the financial services provider’s stock valued at $1,249,000 after buying an additional 850 shares during the period. Telos Capital Management Inc. raised its position in shares of JPMorgan Chase & Co. by 11.2% in the fourth quarter. Telos Capital Management Inc. now owns 18,984 shares of the financial services provider’s stock valued at $1,254,000 after buying an additional 1,909 shares during the period. Finally, Waldron LP raised its position in shares of JPMorgan Chase & Co. by 9.9% in the fourth quarter. Waldron LP now owns 19,389 shares of the financial services provider’s stock valued at $1,280,000 after buying an additional 1,751 shares during the period.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

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