JPMorgan Chase & Co. (NYSE:JPM) Stock Price Target Raised at HSBC

Key Points

• HSBC raised its JPMorgan price target from $369 to $377 while maintaining a “Hold” rating, implying approximately 9.91% upside from the prior close.
• Analyst sentiment is broadly positive: JPMorgan has a consensus “Moderate Buy” rating, with 16 Buy ratings and 12 Holds, and an average price target of $363.29.
• JPMorgan recently exceeded quarterly expectations, reporting $6.14 in earnings per share versus $5.59 expected and $58.02 billion in revenue versus $50.72 billion estimated.

JPMorgan Chase & Co. (NYSE:JPM) had its price objective lifted by equities researchers at HSBC from $369.00 to $377.00 in a research note issued on Monday. The firm currently has a "hold" rating on the financial services provider's stock. HSBC's target price would suggest a potential upside of 9.91% from the stock's previous close.

Several other equities research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 price target on the stock in a research report on Wednesday, July 22nd. Barclays boosted their price objective on JPMorgan Chase & Co. from $391.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Morgan Stanley reiterated a "positive" rating and set a $370.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 15th. Evercore restated an "outperform" rating and issued a $360.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Finally, Zacks Research cut shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Sixteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average target price of $363.29.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $342.99 on Monday. The company has a 50 day simple moving average of $353.76 and a two-hundred day simple moving average of $325.71. The stock has a market cap of $911.74 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.41 and a beta of 0.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The business's quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.96 earnings per share. As a group, analysts predict that JPMorgan Chase & Co. will post 24.3 earnings per share for the current year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction 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 $25,066,092.07. The trade was a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently modified their holdings of JPM. QRG Capital Management Inc. raised its holdings in JPMorgan Chase & Co. by 8.4% in the 2nd quarter. QRG Capital Management Inc. now owns 517,473 shares of the financial services provider's stock valued at $169,384,000 after acquiring an additional 39,973 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 7,273,067 shares of the financial services provider's stock valued at $2,380,687,000 after purchasing an additional 82,689 shares in the last quarter. State Street Corp increased its holdings in shares of JPMorgan Chase & Co. by 0.8% in the second quarter. State Street Corp now owns 125,209,293 shares of the financial services provider's stock valued at $40,984,758,000 after purchasing an additional 932,632 shares during the last quarter. Premier Financial Group purchased a new position in JPMorgan Chase & Co. during the second quarter worth approximately $355,000. Finally, Security National Bank of Sioux City Iowa IA boosted its stake in JPMorgan Chase & Co. by 27.4% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 8,952 shares of the financial services provider's stock worth $2,930,000 after buying an additional 1,928 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Key JPMorgan Chase & Co. News

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

• Positive Sentiment: Dividend growth reinforces JPMorgan’s income appeal. JPMorgan reportedly raised its dividend despite recent share-price weakness, with earnings and cash flow supporting the payout and leaving room for further increases. 3 Dividend Stocks With Higher Yields and Room for More Payout Growth
• Positive Sentiment: Banking-industry adoption of Quant’s network technology highlights JPMorgan’s digital-infrastructure involvement. JPMorgan is among major banks reportedly selecting technology linked to Quant. The development could support the bank’s long-term payments and settlement modernization, although it is not an immediate earnings catalyst for JPM shares. Quant Token Jumps 322% as Big Banks Pick Its Network Technology
• Neutral Sentiment: Jefferies maintained a “Neutral” rating. The unchanged view suggests analysts see a balanced risk-reward profile at current valuation levels, offering no fresh upgrade catalyst for JPMorgan. JPMorgan’s Neutral Rating Reiterated at Jefferies
• Neutral Sentiment: JPMorgan’s research franchise remains active. Analysts at the bank projected substantial long-term revenue potential for IREN, but that forecast concerns another company and has little direct effect on JPMorgan’s near-term earnings. JPMorgan Predicts IREN Will Generate $24 Billion in Annual Revenue by 2030
• Negative Sentiment: Inflation and fuel-price risks could pressure the broader economy. JPMorgan reportedly sees diesel prices as an early warning for persistent inflation. Higher inflation could delay rate cuts, increase credit-risk concerns and weigh on economic activity, although higher interest rates can also support bank net interest income. JPMorgan Doubles Down on Diesel as Record Prices Test Inflation
• Negative Sentiment: Recent performance has prompted caution. Commentary noting JPMorgan’s weaker results relative to its exceptional decade-long run may encourage investors to reassess valuation and future returns. A financial adviser also reduced its JPMorgan position, though the sale was not a company-specific fundamental event. A Decade of JPMorgan Chase Delivered 572% Returns but This Year Tells a Different Story

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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