UBS AG Reiterates Buy on JPMorgan Chase (JPM)

By admin | 6 years ago

JPMorgan Chase (NYSE: JPM)‘s stock had its “buy” rating restated by equities researchers at UBS AG (NYSE: UBS) in a report issued on Friday.

Shares of JPMorgan Chase traded down 2.16% during mid-day trading on Friday, hitting $36.16. 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 $138.1 billion and a P/E ratio of 8.21.

JPMorgan Chase last announced its 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. On average, analysts predict that JPMorgan Chase will post $1.15 earnings per share next quarter.

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 Friday. Separately, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of JPMorgan Chase in a research note to investors on Friday. Finally, 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.

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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