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JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Wednesday. They currently have a $60.50 price objective on the stock. Zacks‘s price objective would suggest a potential upside of 3.83% from the company’s current price.

Zacks’ analyst wrote, “JPMorgan braved the tough industry backdrop and seasonal softness with its underlying strength with earnings per share that beat the Zacks Consensus Estimate. In addition to seasonally soft trading volumes, there were legal costs and lower reserve release to drag the results, but top-line strength dominated. Also, its cost containment efforts were reflected in the non-interest expenses. Further, all business segments but for Consumer & Community Banking and Corporate and Investment Bank, witnessed year-over-year improvement in net income. After analyzing the company’s results, we maintain a Neutral recommendation on the stock.”

Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated a “positive” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. Separately, analysts at RBC Capital raised their price target on shares of JPMorgan Chase & Co. from $64.00 to $65.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Rafferty Capital Markets upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $68.00 price target on the stock, up previously from $62.00. Six research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and an average target price of $60.78.

JPMorgan Chase & Co. (NYSE:JPM) traded up 0.69% during mid-day trading on Wednesday, hitting $58.6692. 13,655,660 shares of the company’s stock traded hands. JPMorgan Chase & Co. has a 1-year low of $50.06 and a 1-year high of $61.48. The stock’s 50-day moving average is $56.78 and its 200-day moving average is $56.98. The company has a market cap of $222.0 billion and a P/E ratio of 14.44. JPMorgan Chase & Co. also saw unusually large options trading on Monday. Traders purchased 27,825 put options on the stock. This is an increase of 103% compared to the average volume of 13,739 put options.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, July 15th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.26. The company had revenue of $25.30 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, analysts predict that JPMorgan Chase & Co. will post $5.29 earnings per share for the current fiscal year.

JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.

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