Royal Bank of Canada reissued their buy rating on shares of J P Morgan Chase & Co (NYSE:JPM) in a report issued on Friday morning.

A number of other research analysts have also issued reports on the company. Wells Fargo & Company boosted their price objective on J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an outperform rating in a research report on Friday, October 27th. Vetr upgraded J P Morgan Chase & Co from a hold rating to a buy rating and set a $93.14 price objective for the company in a research report on Wednesday, September 6th. Jefferies Group restated a buy rating and set a $102.00 price objective on shares of J P Morgan Chase & Co in a research report on Friday, September 15th. Zacks Investment Research lowered J P Morgan Chase & Co from a buy rating to a hold rating in a research report on Tuesday, August 29th. Finally, BMO Capital Markets restated a hold rating and set a $86.00 price objective on shares of J P Morgan Chase & Co in a research report on Friday, August 25th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $92.18.

Shares of J P Morgan Chase & Co (NYSE JPM) opened at $105.62 on Friday. J P Morgan Chase & Co has a twelve month low of $81.64 and a twelve month high of $108.40. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $367,548.06, a P/E ratio of 15.26, a PEG ratio of 2.30 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The business had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. During the same period in the previous year, the business earned $1.58 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. sell-side analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was 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 owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.

A number of hedge funds have recently made changes to their positions in JPM. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of J P Morgan Chase & Co by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after buying an additional 12 shares during the period. IPG Investment Advisors LLC raised its position in shares of J P Morgan Chase & Co by 0.3% during the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 17 shares during the period. BSW Wealth Partners raised its position in shares of J P Morgan Chase & Co by 0.5% during the first quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 26 shares during the period. Sunbelt Securities Inc. raised its position in shares of J P Morgan Chase & Co by 0.5% during the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 26 shares during the period. Finally, Keel Point LLC raised its position in shares of J P Morgan Chase & Co by 1.1% during the first quarter. Keel Point LLC now owns 3,365 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 36 shares during the period. Institutional investors own 73.93% of the company’s stock.

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About J P Morgan 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.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

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