Jefferies Financial Group Cuts JPMorgan Chase & Co. (NYSE:JPM) Price Target to $365.00

Key Points

• Jefferies lowered its JPMorgan Chase price target from $370 to $365 while maintaining a “hold” rating, implying about 8.2% upside from the prior close. Analysts overall assign the stock a “Moderate Buy” consensus rating with an average target of $360.58.
• JPMorgan reported stronger-than-expected quarterly results, with EPS of $6.14 versus a $5.59 consensus and revenue of $58.02 billion versus $50.72 billion expected. Revenue increased 27.7% year over year, supported by an 18.23% return on equity and 21.86% net margin.
• JPM shares opened at $337.36 and were trading below their 50-day average of $353.83, while broader bank-sector selling and rising consumer-credit delinquencies created headwinds. Institutional investors own 71.55% of the stock, and an insider sold 2,500 shares under a pre-arranged trading plan.

JPMorgan Chase & Co. (NYSE:JPM) had its price objective dropped by investment analysts at Jefferies Financial Group from $370.00 to $365.00 in a report released on Thursday. The firm currently has a "hold" rating on the financial services provider's stock. Jefferies Financial Group's target price would suggest a potential upside of 8.19% from the company's previous close.

JPM has been the subject of several other research reports. Morgan Stanley restated a "positive" rating and set a $370.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a "neutral" rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 price target on the stock in a research note on Wednesday, July 22nd. The Goldman Sachs Group restated a "buy" rating and set a $418.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Finally, Barclays upped their price objective on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus price target of $360.58.

JPMorgan Chase & Co. Trading Down 0.8%

JPM stock opened at $337.36 on Thursday. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $366.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The firm has a market cap of $896.76 billion, a P/E ratio of 14.45, a PEG ratio of 1.40 and a beta of 0.98. The company's 50-day simple moving average is $353.83 and its 200-day simple moving average is $325.00.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company had revenue of $58.02 billion during the quarter, compared to analysts' expectations of $50.72 billion. During the same quarter in the prior year, the firm posted $4.96 EPS. JPMorgan Chase & Co.'s quarterly revenue was up 27.7% compared to the same quarter last year. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 24.3 EPS for the current fiscal year.

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the sale, the insider owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JPM. MBM Wealth Consultants LLC purchased a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $29,000. Aventus Investment Advisors Inc. purchased a new position in JPMorgan Chase & Co. during the second quarter worth about $33,000. Osbon Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $35,000. Timbuktu Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at about $50,000. Finally, NI Acquisitions Company LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $51,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. News Roundup

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: Long-term asset-management growth: JPMorgan Asset Management agreed to oversee a $20 billion, multi-market investment partnership with Qatar Investment Authority spanning public equities and private credit. The mandate could provide recurring fee revenue and strengthen JPM’s global asset-management franchise. JPMorgan Chase Lands $20 Billion Mandate
• Positive Sentiment: Expansion in India and payments: JPMorgan plans to double its GIFT City business and is expanding liquidity, payments and cross-border payout capabilities. These initiatives could increase international transaction revenue as India’s role in global commerce grows. JPMorgan's India Expansion Plan
• Neutral Sentiment: Research visibility remains high: JPMorgan analysts highlighted Meta’s Muse AI agent as a potential major consumer application and strongly recommended a separate uranium stock after its sell-off. These reports reinforce JPMorgan’s investment-banking and research profile but have little direct effect on JPM’s earnings today.
• Negative Sentiment: Broad bank-sector selling: JPM shares have been pressured by a market rotation into technology and AI stocks, with major banks declining even as the Nasdaq approached records. This appears to be a valuation and positioning headwind rather than a company-specific earnings deterioration. JPMorgan Stock Slips as Traders Shift to Tech Sector
• Negative Sentiment: Credit and macroeconomic concerns: U.S. card delinquencies and net charge-offs rose sequentially in August, raising concerns about consumer-credit quality. Separately, geopolitical uncertainty has made oil, inflation and interest-rate forecasting more difficult, factors that can increase volatility for large banks. U.S. Card Issuers Delinquencies and Net Charge-Offs Rise

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.

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