JPMorgan Chase Rating Lowered to Underperform at CLSA (JPM)
JPMorgan Chase traded up 0.07% on Friday, hitting $41.78. JPMorgan Chase has a 52-week low of $27.85 and a 52-week high of $46.49. The company has a market cap of $159.5 billion and a price-to-earnings ratio of 9.27.
JPMorgan Chase last posted its quarterly earnings results on Friday, April 13rd. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.15 by $0.16. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that JPMorgan Chase will post $1.21 EPS next quarter.
A number of other analysts have also recently weighed in on JPM. Analysts at Zacks reiterated a “neutral” rating on shares of JPMorgan Chase in a research note to investors on Monday, April 16th. They now have a $45.00 price target on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of JPMorgan Chase from $55.00 to $57.00 in a research note to investors on Monday, April 16th. They now have an “overweight” rating on the stock. Finally, analysts at UBS AG (NYSE: UBS) raised their EPS on shares of JPMorgan Chase in a research note to investors on Monday, April 16th. They now have a “buy” rating on the stock.
JPMorgan Chase & Co (JPMorgan Chase) is a financial holding company. The Company is a global financial services firm and a banking institution in the United States, with global operations.