Investment Analysts’ Weekly Ratings Changes for JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (NYSE: JPM) recently received a number of ratings updates from brokerages and research firms:

  • 2/12/2018 – JPMorgan Chase & Co. was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $105.98 price target on the stock.
  • 2/6/2018 – JPMorgan Chase & Co. was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $102.07 price target on the stock.
  • 2/2/2018 – JPMorgan Chase & Co. had its price target raised by analysts at Morgan Stanley from $128.00 to $133.00. They now have an “overweight” rating on the stock.
  • 2/2/2018 – JPMorgan Chase & Co. was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/18/2018 – JPMorgan Chase & Co. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $126.00 price target on the stock. According to Zacks, “JPMorgan's shares have outperformed the industry over the past six months. This price performance is backed by impressive earnings surprise history, with the company surpassing the Zacks Consensus Estimate in each of the trailing four quarters. The company’s fourth-quarter 2017 results benefited mainly from higher interest income and investment banking fees, partially offset by lower trading revenues and mortgage banking fess along with a surge in provisions for loan losses. The bank’s efforts to manage expenses, higher interest rates and rising loan demand will likely continue to benefit its financials. While the company faces persistent fee income growth challenge, mainly due to a slowdown in trading activities and dismal capital markets performance, lower tax rates will aid profitability in the quarters ahead.”
  • 1/17/2018 – JPMorgan Chase & Co. was upgraded by analysts at DZ Bank AG from a “sell” rating to a “hold” rating.
  • 1/17/2018 – JPMorgan Chase & Co. was given a new $130.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.
  • 1/16/2018 – JPMorgan Chase & Co. had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $125.00 price target on the stock, up previously from $119.00.
  • 1/16/2018 – JPMorgan Chase & Co. had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $125.00 price target on the stock, up previously from $120.00.
  • 1/16/2018 – JPMorgan Chase & Co. was given a new $96.00 price target on by analysts at Deutsche Bank AG. They now have a “neutral” rating on the stock.
  • 1/15/2018 – JPMorgan Chase & Co. was given a new $119.00 price target on by analysts at Bank of America Corp. They now have a “buy” rating on the stock.
  • 1/12/2018 – JPMorgan Chase & Co. had its “buy” rating reaffirmed by analysts at Vining Sparks. They now have a $120.00 price target on the stock. They wrote, “JPM continues to demonstrate its strong underlying fundamentals as its profitability remains well above the other Money Center Banks. Therefore, we believe that its current P/TBV multiple of 209% should experience modest expansion towards 215% over the next 12 months, as capital markets activities eventually rebound, tax reform is realized, and short-term interest rates continue normalizing. This should enable JPM to improve its operating return on tangible common equity (ROTCE) by 3 full percentage points in 2018E. We believe this modest multiple expansion paired with mid-single digit TBV growth should allow JPM to outperform the S&P 500 in 2018E.””
  • 1/12/2018 – JPMorgan Chase & Co. had its price target raised by analysts at Argus from $109.00 to $125.00. They now have a “buy” rating on the stock.
  • 1/12/2018 – JPMorgan Chase & Co. was given a new $115.00 price target on by analysts at Nomura. They now have a “neutral” rating on the stock.
  • 1/10/2018 – JPMorgan Chase & Co. was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $93.51 price target on the stock.
  • 1/9/2018 – JPMorgan Chase & Co. was downgraded by analysts at Societe Generale from a “buy” rating to a “hold” rating.
  • 1/5/2018 – JPMorgan Chase & Co. was upgraded by analysts at Credit Suisse Group AG to a “buy” rating. They now have a $120.00 price target on the stock.
  • 1/2/2018 – JPMorgan Chase & Co. had its price target raised by analysts at Barclays PLC from $105.00 to $132.00. They now have an “overweight” rating on the stock.
  • 12/21/2017 – JPMorgan Chase & Co. was upgraded by analysts at Buckingham Research from a “neutral” rating to a “buy” rating.
  • 12/20/2017 – JPMorgan Chase & Co. was given a new $120.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.

JPMorgan Chase & Co. (NYSE JPM) opened at $110.04 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. The firm has a market cap of $381,808.63, a P/E ratio of 17.47, a P/E/G ratio of 1.86 and a beta of 1.23. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $117.35.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 earnings per share. analysts anticipate that JPMorgan Chase & Co. will post 8.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.56%.

In related news, insider Ashley Bacon sold 16,434 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the transaction, the insider now directly owns 98,811 shares in the company, valued at $11,088,570.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James S. Crown acquired 7,280 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was bought at an average price of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the transaction, the director now owns 305,875 shares of the company’s stock, valued at approximately $34,677,048.75. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 152,047 shares of company stock worth $17,098,115. 0.88% of the stock is owned by company insiders.

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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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