Royal Bank Of Canada Reaffirms “Buy” Rating for J P Morgan Chase & Co (JPM)

Royal Bank Of Canada restated their buy rating on shares of J P Morgan Chase & Co (NYSE:JPM) in a research report released on Wednesday. They currently have a $105.00 price objective on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company lifted their target price on J P Morgan Chase & Co from $110.00 to $115.00 and gave the stock an outperform rating in a research report on Friday, October 27th. Barclays PLC lifted their target price on J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an overweight rating in a research report on Friday, October 13th. Nomura lifted their target price on J P Morgan Chase & Co from $87.00 to $91.00 and gave the stock a neutral rating in a research report on Friday, October 13th. Bank of America Corporation set a $102.00 target price on J P Morgan Chase & Co and gave the stock a buy rating in a research report on Friday, October 13th. Finally, Morgan Stanley lifted their target price on J P Morgan Chase & Co from $99.00 to $107.00 and gave the stock an overweight rating in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the company. J P Morgan Chase & Co presently has an average rating of Hold and an average target price of $92.18.

J P Morgan Chase & Co (NYSE JPM) traded down $0.33 during trading on Wednesday, hitting $98.14. The stock had a trading volume of 8,989,195 shares, compared to its average volume of 13,936,178. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $341,660.00, a price-to-earnings ratio of 14.02, a PEG ratio of 2.11 and a beta of 1.22. J P Morgan Chase & Co has a twelve month low of $77.29 and a twelve month high of $102.42.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The business had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. During the same period in the previous year, the company posted $1.58 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Thursday, October 5th. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s payout ratio is 32.14%.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 9,968 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $90.55, for a total transaction of $902,602.40. Following the completion of the sale, the general counsel now owns 10,527 shares in the company, valued at approximately $953,219.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.88% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Private Vista LLC bought a new stake in shares of J P Morgan Chase & Co during the 2nd quarter valued at $102,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of J P Morgan Chase & Co during the 3rd quarter valued at $102,000. Welch Investments LLC bought a new stake in shares of J P Morgan Chase & Co during the 3rd quarter valued at $103,000. Legacy Advisors LLC bought a new stake in shares of J P Morgan Chase & Co during the 3rd quarter valued at $106,000. Finally, Pacific Center for Financial Services raised its position in shares of J P Morgan Chase & Co by 14.5% during the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 177 shares during the last quarter. Institutional investors own 78.97% 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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