JPMorgan Chase & Co.’s (JPM) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a research note issued on Wednesday, Benzinga reports. They currently have a $370.00 price target on the financial services provider’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 10.47% from the company’s current price.

Other equities analysts have also issued reports about the stock. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, October 8th. They issued a “hold” rating and a $370.00 price objective for the company. Zacks Research lowered shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Finally, UBS Group decreased their price objective on shares of JPMorgan Chase & Co. from $400.00 to $395.00 and set a “buy” rating for the company in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $362.96.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded up $3.49 during midday trading on Wednesday, hitting $334.92. The company had a trading volume of 4,331,290 shares, compared to its average volume of 9,186,317. The stock has a market cap of $890.29 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 1.37 and a beta of 1.02. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The company has a fifty day simple moving average of $349.49 and a 200 day simple moving average of $329.50. 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 data on Tuesday, October 13th. The financial services provider reported $5.75 EPS for the quarter, missing the consensus estimate 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 net margin of 21.86% and a return on equity of 18.23%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $5.07 earnings per share. As a group, analysts predict that JPMorgan Chase & Co. will post 24.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of JPM. Bank of America Corp DE lifted its position in shares of JPMorgan Chase & Co. by 15.8% during the 1st quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider’s stock valued at $19,314,681,000 after buying an additional 8,941,351 shares in the last quarter. Ascentis Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 32,672.0% during the 2nd quarter. Ascentis Wealth Management LLC now owns 4,647,071 shares of the financial services provider’s stock valued at $1,521,126,000 after buying an additional 4,632,891 shares in the last quarter. Jupiter Topco LLC purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $1,274,097,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of JPMorgan Chase & Co. by 31.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,944,004 shares of the financial services provider’s stock valued at $2,042,648,000 after buying an additional 1,662,250 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of JPMorgan Chase & Co. by 22.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,020,990 shares of the financial services provider’s stock valued at $2,625,511,000 after buying an additional 1,496,676 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

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

JPMorgan Chase & Co. Company Profile

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.