Royal Bank Of Canada restated their buy rating on shares of J P Morgan Chase & Co (NYSE:JPM) in a research note released on Friday. The brokerage currently has a $95.00 target price on the financial services provider’s stock.

A number of other research analysts have also issued reports on the stock. Wells Fargo & Company initiated coverage on shares of J P Morgan Chase & Co in a research note on Wednesday, August 9th. They issued an outperform rating and a $110.00 target price on the stock. Vetr lowered shares of J P Morgan Chase & Co from a strong-buy rating to a buy rating and set a $97.41 target price on the stock. in a research note on Monday, May 15th. Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a hold rating to a buy rating and set a $103.00 target price on the stock in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. reiterated a market perform rating on shares of J P Morgan Chase & Co in a research note on Friday, July 21st. Finally, Vining Sparks upgraded shares of J P Morgan Chase & Co to an outperform rating and set a $95.00 target price on the stock in a research note on Thursday, April 27th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have given a buy rating to the company. J P Morgan Chase & Co presently has a consensus rating of Hold and an average price target of $85.53.

Shares of J P Morgan Chase & Co (NYSE JPM) traded up 0.10% during mid-day trading on Friday, reaching $90.74. 13,040,738 shares of the company were exchanged. J P Morgan Chase & Co has a 12 month low of $65.11 and a 12 month high of $95.22. The company has a market capitalization of $319.27 billion, a price-to-earnings ratio of 13.39 and a beta of 1.19. The firm’s 50-day moving average is $92.32 and its 200-day moving average is $88.70.

J P Morgan Chase & Co (NYSE:JPM) last posted its earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The business had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period last year, the business posted $1.55 EPS. J P Morgan Chase & Co’s revenue was up 4.6% compared to the same quarter last year. On average, equities analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

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In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the sale, the insider now owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in J P Morgan Chase & Co during the fourth quarter valued at $2,897,377,000. Dodge & Cox bought a new stake in J P Morgan Chase & Co during the fourth quarter valued at $2,297,616,000. Janus Henderson Group PLC boosted its stake in J P Morgan Chase & Co by 517.3% in the second quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock valued at $507,632,000 after buying an additional 4,654,113 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in J P Morgan Chase & Co during the fourth quarter valued at $393,160,000. Finally, Alliancebernstein L.P. boosted its stake in J P Morgan Chase & Co by 29.2% in the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock valued at $1,595,542,000 after buying an additional 3,945,948 shares during the last quarter. Hedge funds and other institutional investors own 74.84% of the company’s stock.

About J P Morgan Chase & Co

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

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