JPMorgan Chase & Co. CFO Marianne Lake Sells 4,880 Shares (JPM)
JPMorgan Chase & Co. (NYSE:JPM) CFO Marianne Lake unloaded 4,880 shares of the stock on the open market in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $55.26, for a total transaction of $269,668.80. Following the sale, the chief financial officer now directly owns 34,154 shares in the company, valued at approximately $1,887,350. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note to investors on Tuesday. Separately, analysts at Mediobanca SpA downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note to investors on Wednesday, January 15th. They now have a $60.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $60.71.
JPMorgan Chase & Co. (NYSE:JPM) traded down 0.38% on Wednesday, hitting $55.53. The stock had a trading volume of 25,471,398 shares. JPMorgan Chase & Co. has a 52 week low of $46.05 and a 52 week high of $59.82. The stock’s 50-day moving average is $57.58 and its 200-day moving average is $54.69. The company has a market cap of $208.9 billion and a P/E ratio of 12.81.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings data on Monday, January 13th. The company reported $1.30 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.39 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, analysts predict that JPMorgan Chase & Co. will post $5.98 earnings per share for the current fiscal year.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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