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JPMorgan Chase & Co.'s (JPM) Buy Rating Reaffirmed at Royal Bank Of Canada

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Key Points

  • Royal Bank of Canada reiterated its Buy rating on JPMorgan; analysts are split 15 Buy / 15 Hold with a consensus target of $337.12 and an average "Moderate Buy" stance.
  • JPMorgan beat quarterly estimates with EPS $5.94 vs. $5.50 and revenue $50.54B vs. $48.3B (revenue +10% YoY), while posting a 17.54% ROE and a 20.66% net margin.
  • Shares traded at $309.48 (market cap ~$830B, PE ~14.8) amid large institutional activity—Norges Bank added a ~$11.4B stake and Cardano made sizable purchases—and corporate moves like leading a reported ~$13B Meta data‑center financing that offer growth opportunities but raise concentration/exposure risks.
  • MarketBeat previews the top five stocks to own by June 1st.

JPMorgan Chase & Co. (NYSE:JPM)'s stock had its "buy" rating reiterated by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Monday,MarketScreener reports.

A number of other research firms have also commented on JPM. TD Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 7th. Wells Fargo & Company reduced their price objective on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set an "overweight" rating for the company in a research note on Tuesday, February 17th. Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a research note on Wednesday, April 15th. Zacks Research lowered shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 8th. Finally, Truist Financial upped their price objective on shares of JPMorgan Chase & Co. from $323.00 to $332.00 and gave the company a "hold" rating in a research note on Wednesday, April 15th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $337.12.

View Our Latest Analysis on JPM

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded up $1.83 during trading hours on Monday, reaching $309.48. The stock had a trading volume of 1,723,292 shares, compared to its average volume of 10,333,288. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.85. JPMorgan Chase & Co. has a twelve month low of $248.83 and a twelve month high of $337.25. The firm has a 50-day simple moving average of $299.19 and a 200-day simple moving average of $307.06. The firm has a market capitalization of $830.08 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, topping analysts' consensus estimates of $5.50 by $0.44. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The firm had revenue of $50.54 billion during the quarter, compared to the consensus estimate of $48.30 billion. During the same period in the prior year, the firm posted $5.07 earnings per share. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 22.42 earnings per share for the current year.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 433 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $295.06, for a total value of $127,760.98. Following the transaction, the insider directly owned 64,920 shares of the company's stock, valued at $19,155,295.20. The trade was a 0.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 3,404 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $306.40, for a total value of $1,042,985.60. Following the completion of the transaction, the general counsel directly owned 61,949 shares in the company, valued at approximately $18,981,173.60. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 71,908 shares of company stock worth $22,065,882. 0.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JPM. Norges Bank acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $11,396,496,000. Cardano Risk Management B.V. increased its holdings in JPMorgan Chase & Co. by 889.3% during the 4th quarter. Cardano Risk Management B.V. now owns 8,673,530 shares of the financial services provider's stock valued at $2,794,785,000 after purchasing an additional 7,796,814 shares in the last quarter. Danske Bank A S acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $696,885,000. American Assets Investment Management LLC increased its holdings in JPMorgan Chase & Co. by 1,172.2% during the 4th quarter. American Assets Investment Management LLC now owns 2,259,400 shares of the financial services provider's stock valued at $728,024,000 after purchasing an additional 2,081,800 shares in the last quarter. Finally, Holocene Advisors LP increased its holdings in JPMorgan Chase & Co. by 1,033.3% during the 3rd quarter. Holocene Advisors LP now owns 2,155,120 shares of the financial services provider's stock valued at $679,790,000 after purchasing an additional 1,964,958 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

More JPMorgan Chase & Co. News

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About JPMorgan Chase & Co.

(Get Free Report)

JPMorgan Chase & Co NYSE: JPM is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm's principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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