Traders Purchase High Volume of Call Options on JPMorgan Chase & Co. (JPM)
JPMorgan Chase & Co. (NYSE:JPM) saw some unusual options trading activity on Monday. Traders acquired 38,664 call options on the stock, Stock Ratings Network.com reports. This represents an increase of 122% compared to the average volume of 17,420 call options.
A number of analysts have recently weighed in on JPM shares. 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, July 23rd. They now have an “outperform” rating on the stock. Separately, analysts at Nomura raised their price target on shares of JPMorgan Chase & Co. from $62.00 to $64.00 in a research note on Monday, July 21st. Finally, analysts at FBR Capital Markets upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a $70.00 price target on the stock, up previously from $55.00. Three analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. JPMorgan Chase & Co. has a consensus rating of “Buy” and an average price target of $61.76.
JPMorgan Chase & Co. (NYSE:JPM) traded up 1.45% on Monday, hitting $59.34. 13,996,604 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 $57.3 and its 200-day moving average is $57.03. The company has a market cap of $223.2 billion and a price-to-earnings ratio of 15.01.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings data 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 $5.52 earnings per share for the current fiscal year.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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