JPMorgan Chase & Co. (JPM) Upgraded at Vetr Inc.

JPMorgan Chase & Co. (NYSE:JPM) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research report issued on Monday. The brokerage currently has a $98.53 price objective on the financial services provider’s stock. Vetr‘s price target suggests a potential upside of 9.44% from the company’s previous close.

JPM has been the subject of several other research reports. BMO Capital Markets reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 1st. Keefe, Bruyette & Woods cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “mkt perform” rating in a research report on Wednesday, January 18th. Morgan Stanley reiterated a “buy” rating and set a $70.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 11th. FBR & Co reiterated an “outperform” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 17th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $73.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 11th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have given a buy rating to the company. JPMorgan Chase & Co. has a consensus rating of “Hold” and an average target price of $79.58.

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

JPMorgan Chase & Co. (NYSE:JPM) traded down 0.72% during midday trading on Monday, reaching $90.03. 14,623,597 shares of the company traded hands. JPMorgan Chase & Co. has a 12-month low of $57.05 and a 12-month high of $93.98. The stock has a market capitalization of $320.57 billion, a P/E ratio of 14.54 and a beta of 1.49. The company has a 50 day moving average of $89.56 and a 200-day moving average of $79.20.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 13th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.29. The firm earned $24.30 billion during the quarter, compared to the consensus estimate of $23.48 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 10.91%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post $6.56 EPS for the current fiscal year.

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In related news, insider Ashley Bacon sold 12,986 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $84.15, for a total transaction of $1,092,771.90. Following the completion of the transaction, the insider now owns 67,670 shares of the company’s stock, valued at $5,694,430.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas B. Petno sold 6,728 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $84.16, for a total transaction of $566,228.48. Following the transaction, the chief executive officer now directly owns 115,938 shares of the company’s stock, valued at approximately $9,757,342.08. The disclosure for this sale can be found here. Insiders sold 202,699 shares of company stock valued at $17,009,515 in the last quarter. Corporate insiders own 0.85% of the company’s stock.

A number of institutional investors have recently modified their holdings of JPM. McQueen Ball & Associates Inc. boosted its position in shares of JPMorgan Chase & Co. by 0.3% in the third quarter. McQueen Ball & Associates Inc. now owns 38,242 shares of the financial services provider’s stock valued at $2,547,000 after buying an additional 99 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 74.8% in the third quarter. Summit Financial Wealth Advisors LLC now owns 31,782 shares of the financial services provider’s stock valued at $2,116,000 after buying an additional 13,601 shares in the last quarter. Indiana Trust & Investment Management CO boosted its position in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Indiana Trust & Investment Management CO now owns 43,286 shares of the financial services provider’s stock valued at $2,882,000 after buying an additional 183 shares in the last quarter. Curbstone Financial Management Corp boosted its position in shares of JPMorgan Chase & Co. by 1.0% in the third quarter. Curbstone Financial Management Corp now owns 34,618 shares of the financial services provider’s stock valued at $2,305,000 after buying an additional 350 shares in the last quarter. Finally, Cardinal Capital Management Inc. purchased a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $1,268,000. 73.65% of the stock is owned by institutional investors.

JPMorgan 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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

To view Vetr’s full report, visit Vetr’s official website.

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