JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $268.00

JPMorgan Chase & Co. (NYSE:JPM) had its target price lifted by Truist Financial from $260.00 to $268.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. Truist Financial’s price target would indicate a potential upside of 5.09% from the company’s current price.

A number of other research firms have also recently commented on JPM. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a report on Thursday, November 7th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Daiwa Capital Markets decreased their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Finally, Citigroup increased their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $246.28.

JPMorgan Chase & Co. Stock Up 1.1 %

JPM traded up $2.68 during midday trading on Thursday, reaching $255.03. The company’s stock had a trading volume of 2,020,981 shares, compared to its average volume of 9,886,692. The firm has a market capitalization of $718.00 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 3.16 and a beta of 1.11. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 1 year low of $165.24 and a 1 year high of $256.83. The stock’s 50-day moving average is $242.60 and its 200-day moving average is $223.51.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.04 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 17.46 EPS for the current year.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several large investors have recently modified their holdings of the business. Eagle Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after acquiring an additional 84 shares in the last quarter. Fiera Capital Corp raised its stake in shares of JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 63 shares in the last quarter. Hardin Capital Partners LLC bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $1,378,000. SYM FINANCIAL Corp raised its stake in shares of JPMorgan Chase & Co. by 1.2% during the 2nd quarter. SYM FINANCIAL Corp now owns 4,848 shares of the financial services provider’s stock worth $981,000 after acquiring an additional 59 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $5,341,000. Institutional investors own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

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 deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.