JPMorgan Chase & Co. (NYSE:JPM) Earns “Outperform” Rating from Royal Bank Of Canada

JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a report released on Wednesday, Benzinga reports. They presently have a $370.00 price target on the financial services provider’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 10.97% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. TD Cowen assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, October 8th. They set a “hold” rating and a $370.00 target price on the stock. Barclays boosted their target price on JPMorgan Chase & Co. from $420.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday. Robert W. Baird boosted their target price on JPMorgan Chase & Co. from $305.00 to $312.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup boosted their target price on JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Finally, Truist Financial boosted their target price on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $362.96.

JPMorgan Chase & Co. Trading Up 0.6%

JPMorgan Chase & Co. stock traded up $1.98 during trading hours on Wednesday, reaching $333.41. The company had a trading volume of 3,220,796 shares, compared to its average volume of 9,181,291. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50-day moving average price of $349.49 and a 200 day moving average price of $329.50. The firm has a market cap of $886.28 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 1.37 and a beta of 1.02. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 EPS for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19). The company had revenue of $50.17 billion during the quarter, compared to analysts’ expectations of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $5.07 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 24.18 earnings per share for the current year.

Insider Activity

In other news, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider directly owned 71,047 shares of the company’s stock, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Concorde Asset Management LLC lifted its position in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider’s stock valued at $871,000 after buying an additional 29 shares during the last quarter. Elevation Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 1.0% in the second quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider’s stock valued at $1,006,000 after buying an additional 29 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. lifted its position in shares of JPMorgan Chase & Co. by 0.8% in the second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider’s stock valued at $1,156,000 after buying an additional 29 shares during the last quarter. Arkansas Financial Group Inc. lifted its position in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider’s stock valued at $873,000 after buying an additional 30 shares during the last quarter. Finally, Flynn Zito Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider’s stock valued at $926,000 after buying an additional 30 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. News Roundup

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: Analysts raised their targets following the results. Royal Bank of Canada reiterated “outperform” with a $370 target, while Morgan Stanley lifted its target to $377, suggesting meaningful upside from recent levels. JPMorgan Analysts Boost Their Forecasts After Q3 Results
• Positive Sentiment: Management’s preliminary 2027 outlook calls for approximately $107 billion in net interest income excluding Markets, implying about $5 billion of growth from annualized fourth-quarter guidance. Executives also described deal activity as delayed rather than canceled, supporting expectations for a future investment-banking recovery. JPMorgan Sees Deal Delays, Not Cancellations
• Positive Sentiment: Third-quarter revenue increased 8.1% year over year to about $50.2 billion, while Consumer and Community Banking, Commercial and Investment Banking, and Asset and Wealth Management all posted earnings growth. Credit quality also remained broadly stable.
• Neutral Sentiment: JPMorgan reported $5.75 in adjusted EPS, below the $5.94 consensus, and revenue below the roughly $51.2 billion estimate. Weaker fixed-income trading and investment-securities losses offset strength in equities, investment banking and net interest income. JPMorgan Earnings Miss Estimates But Reveal Broad-Based Strength
• Negative Sentiment: CEO Jamie Dimon warned that prolonged high interest rates, fiscal deficits, elevated asset prices and potential market shocks could weaken consumer credit and tighten lending. Those comments reinforce concerns about future loan growth and the impact of a flattening yield curve. Jamie Dimon Sees Higher Chance of Market Trouble

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.