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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; payments and cross-border financing; and cash and derivative instruments, risk management solutions, prime brokerage, and research. This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, payments, investment banking, and asset management to small business, large and midsized companies, local governments, and nonprofit clients; and commercial real estate banking services to investors, developers, and owners of multifamily, office, retail, industrial, and affordable housing properties. The AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; and retirement products and services, brokerage, custody, trusts and estates, loans, mortgages, deposits, and investment management products. The company also provides ATM, online and mobile, and telephone banking services. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
Analysts Set New Price Targets
Several research analysts have issued reports on JPM shares. Piper Sandler cut their price target on JPMorgan Chase & Co. from $170.00 to $158.00 and set an "overweight" rating on the stock in a report on Friday, July 1st. Evercore ISI dropped their price target on JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday, July 15th. Citigroup upgraded JPMorgan Chase & Co. from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $145.00 to $135.00 in a report on Tuesday, July 12th. Jefferies Financial Group dropped their price target on JPMorgan Chase & Co. from $137.00 to $126.00 and set a "hold" rating on the stock in a report on Monday, July 11th. Finally, UBS Group decreased their target price on JPMorgan Chase & Co. from $134.00 to $126.00 and set a "buy" rating for the company in a research report on Friday, July 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $145.95.
JPMorgan Chase & Co. Trading Up 0.3 %
NYSE:JPM opened at $122.46 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average of $115.54 and a 200-day moving average of $128.05. The firm has a market cap of $359.12 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 2.18 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM - Get Rating) last announced its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. During the same quarter in the previous year, the business earned $3.78 EPS. JPMorgan Chase & Co.'s revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 11.21 EPS for the current year.