JPMorgan Chase & Co. Sets New 1-Year High at $59.65 (JPM)
JPMorgan Chase & Co. (NYSE:JPM) set a new 52-week high during mid-day trading on Wednesday, Analyst Ratings News reports. The stock traded as high as $59.65 and last traded at $59.52, with a volume of 28,053,145 shares. The stock had previously closed at $57.74.
JPM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note to investors on Wednesday. They now have a $60.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of JPMorgan Chase & Co. from $63.00 to $65.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Nomura initiated coverage on shares of JPMorgan Chase & Co. in a research note to investors on Thursday, January 9th. They set a “neutral” rating and a $61.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $60.69.
JPMorgan Chase & Co. has a 52-week low of $45.92 and a 52-week high of $59.65. The stock has a 50-day moving average of $57.52 and a 200-day moving average of $54.52. The company has a market cap of $223.6 billion and a price-to-earnings ratio of 13.00. JPMorgan Chase & Co. also saw unusually large options trading activity on Monday. Investors acquired 49,272 put options on the company. This is an increase of 197% compared to the average volume of 16,615 put options.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings data on Monday, January 13th. The company reported $1.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.33 by $0.03. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.81 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post $5.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of 0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Thursday, January 2nd.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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