JPMorgan Chase & Co. (JPM) Receives “Outperform” Rating from Credit Suisse Group

JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “outperform” rating reissued by stock analysts at Credit Suisse Group in a note issued to investors on Tuesday, The Fly reports. They presently have a $125.00 price objective on the financial services provider’s stock, up from their previous price objective of $120.00. Credit Suisse Group’s price objective points to a potential upside of 10.94% from the company’s previous close.

Several other analysts also recently commented on the stock. Bank of America set a $119.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Monday. Deutsche Bank set a $96.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Tuesday. Vining Sparks restated a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday. Argus lifted their price target on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a report on Friday. Finally, Nomura set a $115.00 price target on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. has a consensus rating of “Hold” and an average target price of $103.44.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $112.67 on Tuesday. The company has a market cap of $390,930.00, a price-to-earnings ratio of 17.66, a PEG ratio of 2.05 and a beta of 1.22. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $112.85. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $1.71 EPS. analysts anticipate that JPMorgan Chase & Co. will post 8.25 earnings per share for the current fiscal year.

In related news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.88% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in JPM. Private Vista LLC purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $102,000. Welch Investments LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $103,000. Legacy Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $106,000. Finally, Atlantic Trust LLC purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $136,000. 73.78% of the stock is owned by hedge funds and other institutional investors.

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About JPMorgan 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.

The Fly

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