J P Morgan Chase & Co (JPM) Shares Gap Up to $104.79

J P Morgan Chase & Co (NYSE:JPM) shares gapped up before the market opened on Tuesday . The stock had previously closed at $101.85, but opened at $104.79. J P Morgan Chase & Co shares last traded at $106.95, with a volume of 23576600 shares traded.

JPM has been the topic of several recent research reports. Wells Fargo & Company initiated coverage on shares of J P Morgan Chase & Co in a report on Wednesday, August 9th. They set an “outperform” rating and a $110.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $95.00 target price on shares of J P Morgan Chase & Co in a report on Friday, August 18th. Keefe, Bruyette & Woods set a $96.00 target price on shares of J P Morgan Chase & Co and gave the stock a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research raised 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 report on Thursday, August 24th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $86.00 target price on shares of J P Morgan Chase & Co in a report on Friday, August 25th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $92.18.

The company has a market capitalization of $364,490.00, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03.

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

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.88% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of JPM. Private Vista LLC acquired a new position in shares of J P Morgan Chase & Co during the second quarter worth $102,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of J P Morgan Chase & Co during the third quarter worth $102,000. Welch Investments LLC acquired a new position in shares of J P Morgan Chase & Co during the third quarter worth $103,000. Legacy Advisors LLC acquired a new position in shares of J P Morgan Chase & Co during the third quarter worth $106,000. Finally, Pacific Center for Financial Services lifted its holdings in shares of J P Morgan Chase & Co by 14.5% during the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 177 shares during the period. 73.93% of the stock is currently owned by hedge funds and other institutional investors.

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J P Morgan Chase & Co Company Profile

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.

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