Credit Suisse Group Trims JPMorgan Chase & Co. (JPM) Target Price to $128.00

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JPMorgan Chase & Co. (NYSE:JPM) had its target price decreased by Credit Suisse Group from $130.00 to $128.00 in a research report released on Friday morning, The Fly reports. Credit Suisse Group currently has an outperform rating on the financial services provider’s stock.

JPM has been the subject of a number of other research reports. Citigroup raised their price objective on JPMorgan Chase & Co. from $115.00 to $125.00 and gave the stock a neutral rating in a research report on Wednesday, September 26th. Zacks Investment Research raised JPMorgan Chase & Co. from a hold rating to a buy rating and set a $121.00 price objective for the company in a research report on Thursday, November 22nd. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. to $124.00 and gave the stock a market perform rating in a research report on Monday, October 15th. Wolfe Research assumed coverage on JPMorgan Chase & Co. in a research report on Tuesday, September 25th. They issued an outperform rating for the company. Finally, ValuEngine cut JPMorgan Chase & Co. from a hold rating to a sell rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of Buy and a consensus price target of $123.64.

Shares of JPMorgan Chase & Co. stock traded down $1.90 during trading on Friday, reaching $103.29. The company’s stock had a trading volume of 19,246,566 shares, compared to its average volume of 13,625,635. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $361.01 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.70 and a beta of 1.10. JPMorgan Chase & Co. has a 1-year low of $102.20 and a 1-year high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.10. The firm had revenue of $27.26 billion during the quarter, compared to analysts’ expectations of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. During the same quarter last year, the firm earned $1.76 EPS. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 9.26 earnings per share for the current fiscal year.

In other news, Director Mellody L. Hobson purchased 1,150 shares of the stock in a transaction on Friday, October 19th. The stock was bought at an average price of $108.94 per share, with a total value of $125,281.00. Following the transaction, the director now owns 2,632 shares in the company, valued at approximately $286,730.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Summit Trail Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 10,129.2% during the 1st quarter. Summit Trail Advisors LLC now owns 6,914,142 shares of the financial services provider’s stock valued at $6,914,000 after buying an additional 6,846,550 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of JPMorgan Chase & Co. by 104.9% during the 1st quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock valued at $995,342,000 after buying an additional 4,634,515 shares during the last quarter. Charles Schwab Investment Advisory Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at about $278,896,000. Rehmann Capital Advisory Group raised its stake in shares of JPMorgan Chase & Co. by 5,555.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,352,612 shares of the financial services provider’s stock valued at $11,266,384,000 after buying an additional 2,311,016 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its stake in shares of JPMorgan Chase & Co. by 108.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,835,312 shares of the financial services provider’s stock valued at $421,769,000 after buying an additional 1,992,507 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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