JPMorgan Chase & Co. (NYSE:JPM) Stock Keeps "Neutral" Rating at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Neutral” rating on JPMorgan Chase, while other analysts remained more bullish; the stock carries a consensus “Moderate Buy” rating and an average price target of $360.58.
• JPMorgan shares rose 1.3% to open at $342.99, with a market capitalization of approximately $911.7 billion and a price-to-earnings ratio of 14.70.
• The bank’s latest quarterly results exceeded expectations, with earnings per share of $6.14 versus the $5.59 consensus and revenue of $58.02 billion, up 27.7% year over year.

JPMorgan Chase & Co. (NYSE:JPM)'s stock had its "neutral" rating reaffirmed by Jefferies Financial Group in a report released on Friday.

Other research analysts also recently issued research reports about the stock. Morgan Stanley reaffirmed a "positive" rating and issued a $370.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, July 15th. Evercore restated an "outperform" rating and issued a $360.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a "neutral" rating in a report on Monday, July 20th. Finally, Royal Bank Of Canada increased their price target on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $360.58.

JPMorgan Chase & Co. Trading Up 1.3%

NYSE:JPM opened at $342.99 on Friday. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $366.50. The business has a fifty day moving average price of $353.76 and a 200-day moving average price of $325.46. The firm has a market capitalization of $911.74 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.39 and a beta of 0.98. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.85.

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

Insider Buying and Selling

In related news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider directly owned 71,047 shares in the company, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% of the company's stock.

Institutional Trading of JPMorgan Chase & Co.

Large investors have recently made changes to their positions in the stock. MBM Wealth Consultants LLC purchased a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $29,000. Aventus Investment Advisors Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $33,000. Osbon Capital Management LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $35,000. Timbuktu Capital Management LLC bought a new position in JPMorgan Chase & Co. in the second quarter worth approximately $50,000. Finally, NI Acquisitions Company LLC purchased a new position in JPMorgan Chase & Co. during the 2nd quarter worth $51,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting JPMorgan Chase & Co.

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

• Positive Sentiment: JPMorgan is exploring a private-credit “second-look” program for credit-card applicants. The initiative could expand approvals and card revenue while using additional underwriting to control losses and limit exposure to riskier borrowers. Can Private Credit Unlock More Growth for JPMorgan’s Card Business?
• Positive Sentiment: A new partnership with Thunes is intended to broaden JPMorgan’s cross-border payments reach across more than 100 corridors, adding local payment methods and faster payouts. This supports growth in the bank’s payments franchise. JPM’s Thunes Partnership
• Positive Sentiment: J.P. Morgan Asset Management and Paraguay announced a $200 million sustainable-forestry investment. The transaction could modestly support JPM’s asset-management and sustainable-investing businesses. Paraguay Sustainable Forestry Investment
• Neutral Sentiment: JPMorgan strategists see as much as $115 billion potentially flowing into Indian equities as investors diversify away from crowded artificial-intelligence trades. The view highlights the bank’s global research and investment-banking franchise but is not a direct earnings forecast for JPM.
• Neutral Sentiment: JPMorgan’s market strategists remain constructive on equities despite higher bond yields, while its analysts continue to promote opportunities in AI infrastructure, REITs and energy. These calls may enhance JPMorgan’s advisory profile but have limited immediate impact on its own shares.
• Negative Sentiment: Jefferies lowered its JPMorgan price target to $365 from $370 and reiterated a Hold rating. The revision signals limited near-term upside after the stock’s strong performance and may weigh on sentiment. Jefferies Adjusts JPMorgan Price Target

JPMorgan Chase & Co. Company Profile

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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