Goldman Sachs Reiterates Buy on JPMorgan Chase (JPM)

By admin | 6 years ago

JPMorgan Chase (NYSE: JPM)‘s stock had its “buy” rating reaffirmed by research analysts at Goldman Sachs (NYSE: GS) in a report released on Tuesday.

Shares of JPMorgan Chase opened at 34.01 on Tuesday. JPMorgan Chase has a one year low of $27.85 and a one year high of $46.49. The company has a market cap of $129.5 billion and a P/E ratio of 7.55.

JPMorgan Chase last issued its quarterly earnings data 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. On average, analysts predict that JPMorgan Chase will post $1.12 earnings per share next quarter.

JPM has been the subject of a number of other recent research reports. 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. They now have a “buy” rating on the stock. Separately, 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. They now have an “outperform” rating on the stock. Finally, analysts at Evercore Partners downgraded shares of JPMorgan Chase from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. They now have a $37.00 price target 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.

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