Wells Fargo & Company assumed coverage on shares of J P Morgan Chase & Co (NYSE:JPM) in a research report issued on Wednesday, The Fly reports. The brokerage set an “outperform” rating on the financial services provider’s stock.

A number of other analysts have also weighed in on the stock. Vetr raised shares of J P Morgan Chase & Co from a “buy” rating to a “strong-buy” rating and set a $97.82 price target for the company in a report on Wednesday, April 12th. Vining Sparks raised shares of J P Morgan Chase & Co to an “outperform” rating and set a $95.00 price target for the company in a report on Thursday, April 27th. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Tuesday, July 18th. Bank of America Corporation reissued an “outperform” rating and issued a $99.00 price target on shares of J P Morgan Chase & Co in a report on Wednesday, June 21st. Finally, Credit Suisse Group lowered their price target on shares of J P Morgan Chase & Co from $102.00 to $99.00 and set an “outperform” rating for the company in a report on Thursday, June 29th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have issued a buy rating to the stock. J P Morgan Chase & Co currently has an average rating of “Hold” and an average target price of $84.71.

J P Morgan Chase & Co (NYSE JPM) traded down 0.16% during midday trading on Wednesday, reaching $93.53. The company’s stock had a trading volume of 11,148,199 shares. The firm has a 50-day moving average price of $91.05 and a 200 day moving average price of $88.16. The stock has a market capitalization of $329.13 billion, a price-to-earnings ratio of 13.80 and a beta of 1.19. J P Morgan Chase & Co has a 52-week low of $64.86 and a 52-week high of $94.51.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The company had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $1.55 earnings per share. Equities research analysts predict that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “J P Morgan Chase & Co (NYSE:JPM) Coverage Initiated at Wells Fargo & Company” was reported by Daily Political and is the property of of Daily Political. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/08/09/j-p-morgan-chase-co-nysejpm-coverage-initiated-at-wells-fargo-company.html.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the sale, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ashley Bacon sold 6,514 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $87.21, for a total transaction of $568,085.94. Following the sale, the insider now directly owns 47,384 shares in the company, valued at $4,132,358.64. The disclosure for this sale can be found here. Insiders have sold a total of 25,110 shares of company stock worth $2,270,818 over the last three months. Insiders own 0.85% of the company’s stock.

Large investors have recently modified their holdings of the company. Private Vista LLC acquired a new stake in shares of J P Morgan Chase & Co during the second quarter valued at approximately $102,000. Pacific Center for Financial Services acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $106,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $125,000. Glacier Peak Capital LLC acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at approximately $129,000. Finally, Tortoise Investment Management LLC boosted its stake in shares of J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,283 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

J P Morgan 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.

The Fly

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.