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NVDA   530.44 (+1.73%)
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JPMorgan Chase & Co. (NYSE:JPM) Receives Average Rating of "Buy" from Brokerages

Last updated on Wednesday, September 16, 2020 | 2020 MarketBeat

Shares of JPMorgan Chase & Co. (NYSE:JPM) have been given an average recommendation of "Buy" by the twenty-six brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $110.72.

JPM has been the topic of a number of recent analyst reports. TheStreet upgraded shares of JPMorgan Chase & Co. from a "c" rating to a "b-" rating in a research report on Tuesday, August 4th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $113.00 target price on the stock in a research report on Thursday, July 9th. Oppenheimer reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $105.75 target price on the stock in a research report on Wednesday, May 20th. Finally, BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $108.00 to $119.00 in a research report on Wednesday, July 15th.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of the stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total value of $2,443,614.08. Company insiders own 0.78% of the company's stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. NuWave Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $30,000. Laidlaw Wealth Management LLC increased its position in JPMorgan Chase & Co. by 20,306.8% during the second quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider's stock worth $30,000 after acquiring an additional 2,797,056 shares during the period. Lion Street Advisors LLC bought a new position in JPMorgan Chase & Co. during the first quarter worth about $37,000. FAI Wealth Management increased its position in JPMorgan Chase & Co. by 317.0% during the second quarter. FAI Wealth Management now owns 417 shares of the financial services provider's stock worth $39,000 after acquiring an additional 317 shares during the period. Finally, Bay Harbor Wealth Management LLC increased its position in JPMorgan Chase & Co. by 18.3% during the second quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider's stock worth $65,000 after acquiring an additional 107 shares during the period. Institutional investors own 69.35% of the company's stock.

NYSE:JPM opened at $99.28 on Wednesday. The firm has a market cap of $302.57 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 3.39 and a beta of 1.16. JPMorgan Chase & Co. has a 12 month low of $76.91 and a 12 month high of $141.10. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The company's 50-day moving average price is $100.06 and its two-hundred day moving average price is $97.29.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 EPS for the quarter, beating the Zacks' consensus estimate of $1.34 by $0.04. The firm had revenue of $32.98 billion for the quarter, compared to analyst estimates of $30.23 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 earnings per share. On average, research analysts expect that JPMorgan Chase & Co. will post 5.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.63%. JPMorgan Chase & Co.'s dividend payout ratio is currently 34.35%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

See Also: FTSE 100 Index

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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