Credit Suisse Group reaffirmed their buy rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research report sent to investors on Wednesday, AnalystRatings.net reports. The firm currently has a $126.00 price objective on the financial services provider’s stock, up from their previous price objective of $122.00.

Several other research firms have also issued reports on JPM. Seaport Global Securities began coverage on JPMorgan Chase & Co. in a report on Wednesday, July 8th. They set a buy rating and a $119.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a hold rating to a buy rating and upped their price objective for the company from $105.00 to $115.00 in a research note on Thursday, September 3rd. Independent Research upgraded JPMorgan Chase & Co. from a hold rating to a buy rating and upped their price objective for the company from $100.00 to $110.00 in a research note on Tuesday, September 29th. TheStreet upgraded JPMorgan Chase & Co. from a c rating to a b- rating in a research note on Tuesday, August 4th. Finally, Goldman Sachs Group upgraded JPMorgan Chase & Co. from a neutral rating to a buy rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $111.59.

JPM opened at $101.51 on Wednesday. JPMorgan Chase & Co. has a 52-week low of $76.91 and a 52-week high of $141.10. The firm has a market capitalization of $309.36 billion, a PE ratio of 13.27, a PEG ratio of 3.16 and a beta of 1.15. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.88 and a current ratio of 0.88. The business’s 50-day simple moving average is $99.36 and its 200 day simple moving average is $96.79.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The business had revenue of $29.90 billion for the quarter, compared to analyst estimates of $28.20 billion. During the same quarter in the prior year, the company posted $2.68 earnings per share. JPMorgan Chase & Co.’s revenue was up 4.0% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 6.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Monday, October 5th. JPMorgan Chase & Co.’s payout ratio is presently 34.35%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 9.8% during the second quarter. TD Capital Management LLC now owns 1,135 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 101 shares during the last quarter. Atlas Private Wealth Management lifted its stake in shares of JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Atlas Private Wealth Management now owns 16,114 shares of the financial services provider’s stock valued at $1,516,000 after acquiring an additional 106 shares during the last quarter. Bay Harbor Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 18.3% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 107 shares during the last quarter. Capital Analysts LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.3% in the 2nd quarter. Capital Analysts LLC now owns 31,390 shares of the financial services provider’s stock valued at $2,953,000 after acquiring an additional 107 shares during the last quarter. Finally, Spotlight Asset Group Inc. lifted its stake in shares of JPMorgan Chase & Co. by 2.5% in the 2nd quarter. Spotlight Asset Group Inc. now owns 4,453 shares of the financial services provider’s stock valued at $419,000 after acquiring an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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