JPMorgan Chase & Co. (NYSE:JPM) Shares Climb 1.1% on Analyst Upgrade

Key Points

• JPMorgan shares rose 1.1% after Truist Financial lifted its price target from $352 to $361, although it maintained a Hold rating. The stock traded near $335, with volume about 9% above its average.
• Analysts have a generally positive view, with a MarketBeat consensus rating of Moderate Buy and an average price target of $362.96; several firms recently raised their targets.
• JPMorgan’s latest quarter showed 8.1% year-over-year revenue growth to $50.17 billion, but EPS of $5.75 missed estimates of $5.94. The company also increased its quarterly dividend to $1.65 per share.

Shares of JPMorgan Chase & Co. (NYSE:JPM) rose 1.1% during mid-day trading on Wednesday after Truist Financial raised their price target on the stock from $352.00 to $361.00. Truist Financial currently has a hold rating on the stock. JPMorgan Chase & Co. traded as high as $336.20 and last traded at $335.0320. Approximately 10,082,262 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 9,218,216 shares. The stock had previously closed at $331.43.

Several other equities research analysts have also recently weighed in on JPM. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. UBS Group lowered their price objective on JPMorgan Chase & Co. from $400.00 to $395.00 and set a "buy" rating for the company in a research note on Monday, October 5th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $370.00 to $377.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Bank of America boosted their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $362.96.

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 company insiders.

JPMorgan Chase & Co. News Summary

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

• Positive Sentiment: Underlying business remained strong. Third-quarter revenue increased about 8% year over year to roughly $50.2 billion, while net income rose 6% to $15.3 billion. Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management all posted profit growth. JPMorgan Chase Reports Third-Quarter Net Income
• Positive Sentiment: 2027 net interest income outlook helped sentiment. Management indicated that rate-related tailwinds could continue, with preliminary 2027 net interest income excluding Markets projected at approximately $107 billion. Analysts viewed the outlook, loan and deposit growth, investment banking activity and resilient consumers as evidence of broad-based strength. JPMorgan Sees Deal Delays, Not Cancellations
• Positive Sentiment: Analyst targets generally moved higher. RBC reaffirmed an Outperform rating with a $370 target, while Morgan Stanley raised its target to $377, supporting the view that JPM’s long-term earnings power can offset near-term volatility.
• Neutral Sentiment: Capital deployment and growth initiatives remain in focus. JPMorgan declared a $1.65 quarterly dividend, repurchased $664 million of stock, added investment-banking personnel and continues building payments, fraud-prevention and internal cash-management capabilities.
• Negative Sentiment: The quarterly miss limits the upside. Adjusted EPS of $5.75 fell short of the $5.94 consensus, and revenue was below expectations. Lower fixed-income trading revenue, investment-securities losses and margin pressure were key drags. JPMorgan Q3 Earnings Analysis
• Negative Sentiment: Macro, valuation and risk concerns remain. CEO Jamie Dimon warned that prolonged high rates could weaken consumer credit and said he sees a greater-than-consensus risk of market trouble. JPMorgan is also restricting outside AI agents because of security concerns, while regulators’ scrutiny of banks’ “reputation-risk” policies could create legal and reputational pressure. Some analysts therefore maintain Hold or Neutral views because JPM trades at a premium valuation.

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of large investors have recently bought and sold shares of JPM. State Street Corp increased its stake in 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 worth $40,984,758,000 after purchasing an additional 932,632 shares during the period. Bank of America Corp DE boosted its stake in shares of JPMorgan Chase & Co. by 6.1% during the second quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider's stock valued at $22,804,018,000 after purchasing an additional 4,006,293 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of JPMorgan Chase & Co. by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider's stock valued at $7,084,339,000 after purchasing an additional 540,362 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,833,413 shares of the financial services provider's stock valued at $6,164,741,000 after purchasing an additional 134,634 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of JPMorgan Chase & Co. by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 18,968,884 shares of the financial services provider's stock worth $5,578,788,000 after purchasing an additional 607,288 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.1%

The company's 50 day moving average is $349.49 and its 200 day moving average is $329.50. The company has a market cap of $890.58 billion, a PE ratio of 14.35, a P/E/G ratio of 1.37 and a beta of 1.02. 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. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($0.19). The company had revenue of $50.17 billion during the quarter, compared to analysts' expectations of $51.23 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. JPMorgan Chase & Co.'s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $5.07 earnings per share. As a group, analysts predict that JPMorgan Chase & Co. will post 24.18 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be paid a dividend of $1.65 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, October 6th. JPMorgan Chase & Co.'s payout ratio is presently 28.28%.

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, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

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

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