J P Morgan Chase & Co (JPM): Price Target and June Short Interest Disclosure

J P Morgan Chase & Co (JPM) : 15 investment research analysts covering J P Morgan Chase & Co (JPM) have an average price target of $69.27 for the near short term. The highest target price given by the Brokerage Firm to the stock is $79 and the lowest target is $50 for the short term. Analysts expect the variance to be within $6.92 of the average price.

The short interest in J P Morgan Chase & Co (JPM) has increased from 26,299,520 on June 15,2016 to 27,425,996 on June 30,2016. The change was measured at 1,126,476 shares or 4.3%. The leftover shorts were 0.8% of the floated shares. The days to cover are 1, given the average daily volume of 21,776,734 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Keefe Bruyette & Woods maintains its ratings on J P Morgan Chase & Co (NYSE:JPM). In the latest research report, Keefe Bruyette & Woods raises the target price from $72 per share to $73 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on May 16, 2016.


J P Morgan Chase & Co (NYSE:JPM): stock turned positive on Thursday. Though the stock opened at $64.74, the bulls momentum made the stock top out at $64.98 level for the day. The stock recorded a low of $64.05 and closed the trading day at $64.12, in the green by 1.52%. The total traded volume for the day was 28,985,935. The stock had closed at $63.16 in the previous days trading.

JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chases activities are organized into four business segments. The Companys Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs, online, mobile and telephone banking. The Corporate & Investment Bank, comprising Banking and Markets & Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services. The Commercial Banking (CB) segment delivers industry knowledge, local expertise and service to the United States and the United States multinational clients. The Asset Management segment comprises investment and wealth management. The Company also operates a Corporate segment.

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