Raymond James Lowers JPMorgan Chase to Outperform (JPM)
JPMorgan Chase (NYSE: JPM) was downgraded by analysts at Raymond James (NYSE: RJF) from a “strong-buy” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of JPMorgan Chase in a research note to investors on Tuesday, May 22nd. Separately, analysts at UBS AG (NYSE: UBS) cut their price target on shares of JPMorgan Chase to $46.00 in a research note to investors on Tuesday, May 22nd. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse (NYSE: CS) cut their price target on shares of JPMorgan Chase to $50.00 in a research note to investors on Tuesday, May 22nd. They now have an “outperform” rating on the stock.
JPMorgan Chase opened at 31.99 on Tuesday. 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 $121.8 billion and a price-to-earnings ratio of 7.11.
JPMorgan Chase last posted its quarterly earnings results on Friday, April 13rd. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.16. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts expect that JPMorgan Chase will post $1.07 EPS next quarter.
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.