Royal Bank Of Canada Reaffirms Outperform Rating for JPMorgan Chase & Co. (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “outperform” rating reiterated by stock analysts at Royal Bank Of Canada in a report released on Wednesday, Benzinga reports. They currently have a $370.00 price target on the financial services provider’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 10.30% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Evercore reaffirmed an “outperform” rating and issued a $360.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Zacks Research downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $305.00 to $312.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, HSBC lifted their price target on JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a “hold” rating in a report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $362.96.

JPMorgan Chase & Co. Trading Up 1.2%

JPMorgan Chase & Co. stock traded up $4.01 during mid-day trading on Wednesday, hitting $335.44. 3,857,880 shares of the company’s stock were exchanged, compared to its average volume of 9,185,125. The firm has a market capitalization of $891.65 billion, a P/E ratio of 14.37, a PEG ratio of 1.37 and a beta of 1.02. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The company’s 50 day simple moving average is $349.49 and its 200-day simple moving average is $329.50.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results 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). JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm had revenue of $50.17 billion during the quarter, compared to analyst estimates of $51.23 billion. During the same period in the prior year, the business earned $5.07 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 24.18 earnings per share for the current year.

Insider Activity at JPMorgan Chase & Co.

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 value 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently made changes to their positions in JPM. State Street Corp boosted its holdings in shares of JPMorgan Chase & Co. by 0.8% during the 2nd quarter. State Street Corp now owns 125,209,293 shares of the financial services provider’s stock worth $40,984,758,000 after buying an additional 932,632 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of JPMorgan Chase & Co. by 6.1% in the 2nd quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider’s stock worth $22,804,018,000 after purchasing an additional 4,006,293 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of JPMorgan Chase & Co. by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider’s stock worth $7,084,339,000 after purchasing an additional 540,362 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of JPMorgan Chase & Co. by 3.3% in the 1st 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.7% in the 2nd 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 worth $6,164,741,000 after purchasing an additional 134,634 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

More JPMorgan Chase & Co. News

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

• Positive Sentiment: Analysts raised their targets following the results. Royal Bank of Canada reiterated “outperform” with a $370 target, while Morgan Stanley lifted its target to $377, suggesting meaningful upside from recent levels. JPMorgan Analysts Boost Their Forecasts After Q3 Results
• Positive Sentiment: Management’s preliminary 2027 outlook calls for approximately $107 billion in net interest income excluding Markets, implying about $5 billion of growth from annualized fourth-quarter guidance. Executives also described deal activity as delayed rather than canceled, supporting expectations for a future investment-banking recovery. JPMorgan Sees Deal Delays, Not Cancellations
• Positive Sentiment: Third-quarter revenue increased 8.1% year over year to about $50.2 billion, while Consumer and Community Banking, Commercial and Investment Banking, and Asset and Wealth Management all posted earnings growth. Credit quality also remained broadly stable.
• Neutral Sentiment: JPMorgan reported $5.75 in adjusted EPS, below the $5.94 consensus, and revenue below the roughly $51.2 billion estimate. Weaker fixed-income trading and investment-securities losses offset strength in equities, investment banking and net interest income. JPMorgan Earnings Miss Estimates But Reveal Broad-Based Strength
• Negative Sentiment: CEO Jamie Dimon warned that prolonged high interest rates, fiscal deficits, elevated asset prices and potential market shocks could weaken consumer credit and tighten lending. Those comments reinforce concerns about future loan growth and the impact of a flattening yield curve. Jamie Dimon Sees Higher Chance of Market Trouble

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.