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.
Analyst Ratings Changes
JPM has been the topic of several research reports. Piper Sandler cut their price target on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an "overweight" rating on the stock in a report on Friday, July 1st. Keefe, Bruyette & Woods restated a "market perform" rating and set a $148.00 target price (up previously from $142.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 24th. Wells Fargo & Company cut their price target on JPMorgan Chase & Co. from $120.00 to $118.00 and set an "equal weight" rating for the company in a research note on Thursday, July 14th. Morgan Stanley lowered their target price on JPMorgan Chase & Co. from $149.00 to $127.00 and set an "underweight" rating on the stock in a report on Tuesday, July 12th. Finally, Credit Suisse Group set a $145.00 price objective on JPMorgan Chase & Co. in a research note on Monday, August 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $145.95.
JPMorgan Chase & Co. Stock Performance
Shares of JPMorgan Chase & Co. stock traded down $0.73 on Monday, hitting $121.40. 40,042 shares of the company's stock were exchanged, compared to its average volume of 14,903,020. The company has a 50-day simple moving average of $115.68 and a 200-day simple moving average of $128.22. The stock has a market capitalization of $356.01 billion, a PE ratio of 9.80, a PEG ratio of 2.18 and a beta of 1.12. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.83 and a current ratio of 0.83.
JPMorgan Chase & Co. (NYSE:JPM - Get Rating) last released its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting analysts' consensus estimates of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to analysts' expectations of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.78 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 11.21 EPS for the current year.