Stocks of JPMorgan Chase & Co. (NYSE:JPM) traded higher last session on Wall Street, up 0.49% to $156.84.
According to the data, JPMorgan Chase & Co. (NYSE:JPM) has 26 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $243.00 and a low of $140.00, we find $170.50. Given the previous closing price of $156.08, this indicates a potential upside of 9.24 percent. JPM stock price is now 7.41% away from the 50-day moving average and 9.81% away from the 200-day moving average. The market capitalization of the company currently stands at $453.43B.
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A total of 9 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $171.29 as their price target over the next twelve months.
With the price target maintained at $140, Odeon recently Downgraded its rating from Buy to Hold for JPMorgan Chase & Co. (NYSE: JPM).
In other news, Friedman Stacey, General Counsel sold 4,310 shares of the company’s stock on Sep 06. The stock was sold for $624,335 at an average price of $144.86. Upon completion of the transaction, the General Counsel now directly owns 53,425 shares in the company, valued at $8.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07, General Counsel Friedman Stacey sold 4,310 shares of the business’s stock. A total of $677,343 was realized by selling the stock at an average price of $157.16. This leaves the insider owning 57,735 shares of the company worth $9.06 million. Insiders disposed of 1,057,615 shares of company stock worth roughly $165.88 million over the past 1 year. A total of 0.96% of the company’s stock is owned by insiders.
Friday’s opening bell rang with an opening price of $155.82 for JPMorgan Chase & Co. (NYSE: JPM). During the past 12 months, JPMorgan Chase & Co. has had a low of $123.11 and a high of $159.38. The fifty day moving average price for JPM is $146.22 and a two-hundred day moving average price translates $142.89 for the stock.
The latest earnings results from JPMorgan Chase & Co. (NYSE: JPM) was released for Sep, 2023. According to the Banks – Diversified Company, earnings per share came in at $4.33, beating analysts’ expectations of $3.96 by 0.37. This compares to $3.12 EPS in the same period last year. The net profit margin was 21.81% and return on equity was 16.83% for JPM. The company reported revenue of $44.56 billion for the quarter, compared to $25.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 73.97 percent. For the current quarter, analysts expect JPM to generate $39.81B in revenue.
