Several analysts have recently updated their ratings and price targets for J P Morgan Chase & Co (NYSE: JPM):

  • 8/9/2017 – J P Morgan Chase & Co is now covered by analysts at Wells Fargo & Company. They set an “outperform” rating and a $110.00 price target on the stock.
  • 8/3/2017 – J P Morgan Chase & Co was given a new $65.00 price target on by analysts at Berenberg Bank. They now have a “sell” rating on the stock.
  • 8/1/2017 – J P Morgan Chase & Co was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/31/2017 – J P Morgan Chase & Co was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $102.00 price target on the stock. According to Zacks, “JPMorgan's shares have outperformed the industry over the last six months. The company’s second-quarter 2017 earnings handily outpaced the Zacks Consensus Estimate. Results were supported by higher interest rates, loan growth, a rise in investment banking fees and lower credit cost. The bank's efforts to control expenses through streamlining and branch consolidation are commendable. It should continue to benefit from the improved rate scenario, potential lesser regulations and rising loan demand. However, the company faces a persistent fee income growth challenge, which is expected to hinder overall top line growth to some extent. Also, litigation hassles continue to remain a near-term concern.”
  • 7/27/2017 – J P Morgan Chase & Co was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “JPMorgan's shares have outperformed the industry over the last six months. The company’s second-quarter 2017 earnings handily outpaced the Zacks Consensus Estimate. Results were supported by higher interest rates, loan growth, a rise in investment banking fees and lower credit cost. The bank's efforts to control expenses through streamlining and branch consolidation are commendable. It should continue to benefit from the improved rate scenario, potential lesser regulations and rising loan demand. However, the company faces a persistent fee income growth challenge, which is expected to hinder overall top line growth to some extent. Also, litigation hassles continue to remain a near-term concern.”
  • 7/21/2017 – J P Morgan Chase & Co had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 7/18/2017 – J P Morgan Chase & Co was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $103.00 price target on the stock. According to Zacks, “JPMorgan's shares have outperformed the Zacks categorized Major Regional Banks industry over the last six months. The company’s second-quarter 2017 earnings handily outpaced the Zacks Consensus Estimate, mainly driven by higher interest rates, loan growth, a rise in investment banking fees and lower credit cost. The bank's efforts to control expenses through streamlining and branch consolidation are commendable. It should continue to benefit from the improved rate scenario, potential lesser regulations and rising loan demand, despite facing a persistent fee income growth challenge. Moreover, the enhanced capital deployment activities reflect the bank's strong balance sheet position.”
  • 7/17/2017 – J P Morgan Chase & Co had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $99.00 price target on the stock.
  • 7/14/2017 – J P Morgan Chase & Co had its price target raised by analysts at Credit Suisse Group from $102.00 to $103.00. They now have an “outperform” rating on the stock.
  • 7/12/2017 – J P Morgan Chase & Co was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/10/2017 – J P Morgan Chase & Co had its “neutral” rating reaffirmed by analysts at Buckingham Research. They now have a $100.00 price target on the stock, up previously from $94.00.
  • 7/6/2017 – J P Morgan Chase & Co had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $93.00 price target on the stock.
  • 7/5/2017 – J P Morgan Chase & Co was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/3/2017 – J P Morgan Chase & Co had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
  • 6/29/2017 – J P Morgan Chase & Co had its price target lowered by analysts at Credit Suisse Group from $102.00 to $99.00. They now have an “outperform” rating on the stock.
  • 6/21/2017 – J P Morgan Chase & Co had its “outperform” rating reaffirmed by analysts at Bank of America Corporation. They now have a $99.00 price target on the stock.
  • 6/12/2017 – J P Morgan Chase & Co was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $97.41 price target on the stock.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded down 1.43% on Thursday, hitting $92.19. 13,189,347 shares of the stock traded hands. The firm’s 50 day moving average is $91.60 and its 200-day moving average is $88.42. The company has a market cap of $324.37 billion, a PE ratio of 13.60 and a beta of 1.19. J P Morgan Chase & Co has a 12 month low of $64.86 and a 12 month high of $95.22.

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

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 6th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Monday, July 3rd. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 29.59%.

In related news, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the transaction, the insider now directly owns 3,783 shares in the company, valued at $345,350.07. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

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.

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