JPMorgan Chase & Co. (NYSE:JPM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “JPMorgan's energy exposure will remain an overhang in the near-term, with management expecting incremental reserve build this year. Moreover, top line growth is likely to remain challenged in the near-term owing to continued pressure on fee income. Also, with the enforcement of new banking regulations, additional pressure on fee income is expected in the near term. However, the company is expected to witness a rise in interest income driven by solid loan growth. Further, synergies from improving retail banking performance and cost-containment efforts will help the company improve its profitability.”

Other research analysts have also recently issued reports about the company. Deutsche Bank AG reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, June 4th. Credit Suisse Group AG reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Wells Fargo & Co. reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Barclays PLC reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Finally, Jefferies Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Sunday, July 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $71.34.

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Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.54% on Tuesday, hitting $66.55. 5,544,587 shares of the stock traded hands. The firm has a market cap of $240.35 billion, a PE ratio of 11.28 and a beta of 1.65. JPMorgan Chase & Co. has a 52-week low of $52.50 and a 52-week high of $69.03. The firm has a 50 day moving average price of $66.11 and a 200 day moving average price of $63.05.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Thursday, July 14th. The financial services provider reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.12. JPMorgan Chase & Co. had a return on equity of 10.20% and a net margin of 24.47%. The firm had revenue of $24.40 billion for the quarter, compared to analysts’ expectations of $23.84 billion. During the same period in the previous year, the firm earned $1.54 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post $5.65 EPS for the current year.

In other news, COO Matthew E. Zames sold 3,991 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $63.91, for a total value of $255,064.81. Following the transaction, the chief operating officer now directly owns 282,287 shares of the company’s stock, valued at $18,040,962.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gordon Smith sold 23,735 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $64.05, for a total value of $1,520,226.75. Following the completion of the transaction, the executive vice president now directly owns 152,462 shares in the company, valued at $9,765,191.10. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in JPM. Jennison Associates raised its position in shares of JPMorgan Chase & Co. by 3.3% in the third quarter. Jennison Associates now owns 6,048,344 shares of the financial services provider’s stock worth $368,768,000 after buying an additional 195,090 shares in the last quarter. Saturna Capital raised its position in shares of JPMorgan Chase & Co. by 832.1% in the third quarter. Saturna Capital now owns 18,083 shares of the financial services provider’s stock worth $1,103,000 after buying an additional 16,143 shares in the last quarter. Ken Stern & Associates raised its position in shares of JPMorgan Chase & Co. by 16.9% in the third quarter. Ken Stern & Associates now owns 6,848 shares of the financial services provider’s stock worth $418,000 after buying an additional 992 shares in the last quarter. Baker Avenue Asset Management raised its position in shares of JPMorgan Chase & Co. by 2.2% in the third quarter. Baker Avenue Asset Management now owns 78,998 shares of the financial services provider’s stock worth $4,817,000 after buying an additional 1,725 shares in the last quarter. Finally, Terra Nova Asset Management raised its position in shares of JPMorgan Chase & Co. by 11.8% in the third quarter. Terra Nova Asset Management now owns 8,117 shares of the financial services provider’s stock worth $495,000 after buying an additional 855 shares in the last quarter. 73.32% of the stock is currently owned by institutional investors and hedge funds.

About JPMorgan Chase & Co.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

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