J P Morgan Chase & Co (NYSE:JPM) : 15 Wall Street analysts covering J P Morgan Chase & Co (NYSE:JPM) believe that the average level the stock could reach for the short term is $70.2. The maximum price target given is $79 and the minimum target for short term is around $50, hence the standard deviation is calculated at $7.26.
JPMorgan Chase & Co. has lost 2.98% in the last five trading days and dropped 5.4% in the last 4 weeks. JPMorgan Chase & Co. is up 4.56% in the last 3-month period. Year-to-Date the stock performance stands at -4.56%. Also, Keefe Bruyette & Woods maintains their rating on the shares of J P Morgan Chase & Co (NYSE:JPM). The current rating of the shares is Outperform. Equity Analysts at the Firm raises the price target to $73 per share from $72 per share. The rating by the firm was issued on May 16, 2016.
J P Morgan Chase & Co (NYSE:JPM) : The consensus on J P Morgan Chase & Co (NYSE:JPM) based on 19 analyst recommendation on the company stock is 1.74, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
J P Morgan Chase & Co (NYSE:JPM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.63 and $61.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.14, notching a gain of 1.54% for the day. The total traded volume was 21,343,616 . The stock had closed at $61.20 on the previous day.
In an insider trading activity,The officer (Managing Director) of Jpmorgan Chase & Co, Pinto Daniel E sold 28,837 shares at $62.38 on April 14, 2016. The Insider selling transaction had a total value worth of $1,798,852. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.