J P Morgan Chase & Co (NYSE:JPM) had its price objective upped by analysts at Citigroup Inc. from $90.00 to $96.00 in a research report issued to clients and investors on Friday. The firm presently has a “neutral” rating on the financial services provider’s stock. Citigroup Inc.’s price objective points to a potential downside of 1.12% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Tuesday, July 18th. Bank of America Corporation restated a “buy” rating and set a $99.00 price objective on shares of J P Morgan Chase & Co in a research note on Monday, July 17th. BidaskClub upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Deutsche Bank AG restated a “buy” rating on shares of J P Morgan Chase & Co in a research note on Monday, July 3rd. Finally, Vetr cut J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective on the stock. in a research note on Monday, June 12th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.10.

Shares of J P Morgan Chase & Co (NYSE JPM) traded up 0.07% during mid-day trading on Friday, hitting $97.16. 1,941,073 shares of the stock were exchanged. The stock has a market capitalization of $341.86 billion, a P/E ratio of 14.33 and a beta of 1.18. J P Morgan Chase & Co has a 12-month low of $66.74 and a 12-month high of $97.64. The stock’s 50 day moving average price is $92.55 and its 200-day moving average price is $89.39. J P Morgan Chase & Co also was the target of some unusual options trading activity on Wednesday. Traders purchased 93,484 call options on the stock. This is an increase of approximately 231% compared to the typical volume of 28,201 call options.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter last year, the firm 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 research analysts expect that J P Morgan Chase & Co will post $6.80 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “J P Morgan Chase & Co (JPM) PT Raised to $96.00” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/06/j-p-morgan-chase-co-jpm-pt-raised-to-96-00.html.

In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total value of $91,290.00. Following the transaction, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The disclosure for this sale can be found here. Insiders have sold a total of 28,564 shares of company stock valued at $2,605,334 in the last ninety days. Insiders own 0.88% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Amarillo National Bank grew its holdings in J P Morgan Chase & Co by 19.6% during the 3rd quarter. Amarillo National Bank now owns 24,381 shares of the financial services provider’s stock valued at $2,329,000 after buying an additional 4,003 shares in the last quarter. Beacon Financial Group grew its holdings in J P Morgan Chase & Co by 17.8% during the 3rd quarter. Beacon Financial Group now owns 6,082 shares of the financial services provider’s stock valued at $581,000 after buying an additional 921 shares in the last quarter. McQueen Ball & Associates Inc. grew its holdings in J P Morgan Chase & Co by 3.7% during the 3rd quarter. McQueen Ball & Associates Inc. now owns 39,596 shares of the financial services provider’s stock valued at $3,782,000 after buying an additional 1,398 shares in the last quarter. Curbstone Financial Management Corp grew its holdings in J P Morgan Chase & Co by 86.9% during the 3rd quarter. Curbstone Financial Management Corp now owns 28,594 shares of the financial services provider’s stock valued at $2,731,000 after buying an additional 13,297 shares in the last quarter. Finally, MPS Loria Financial Planners LLC purchased a new position in J P Morgan Chase & Co during the 2nd quarter valued at about $296,000. 77.90% of the stock is owned by institutional investors and hedge funds.

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)

Receive News & Stock Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related stocks with our FREE daily email newsletter.