Goldman Sachs Gives Buy Rating to JPMorgan Chase (JPM)

By admin | 6 years ago

JPMorgan Chase (NYSE: JPM)‘s stock had its “buy” rating reiterated by investment analysts at Goldman Sachs (NYSE: GS) in a note issued to investors on Friday.

JPMorgan Chase opened at 36.96 on Friday. 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 $141.1 billion and a price-to-earnings ratio of 8.21.

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 $1.15 EPS next quarter.

JPM has been the subject of a number of other recent research reports. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of JPMorgan Chase in a research note to investors on Friday. Separately, analysts at Stifel Nicolaus downgraded shares of JPMorgan Chase from a “buy” rating to a “hold” rating in a research note to investors on Friday. Finally, analysts at FBR Capital (NASDAQ: FBCM) downgraded shares of JPMorgan Chase from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. They now have a $37.00 price target on the stock, down previously from $50.00.

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.

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