J P Morgan Chase & Co (JPM) : 12 brokerage houses believe that J P Morgan Chase & Co (JPM) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on J P Morgan Chase & Co (JPM). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 19 Wall Street Analysts endorse the stock as a Buy with a rating of 1.89.
J P Morgan Chase & Co (JPM) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $79 and the lowest price target forecast is $50. The average forecast of all the analysts is $68.2 and the expected standard deviation is $8.17.
For the current week, the company shares have a recommendation consensus of Buy. Also, Keefe Bruyette & Woods maintains its rating on J P Morgan Chase & Co (NYSE:JPM). The global brokerage major raises the current price target from $71 per share to $73 per share. Analysts at the Keefe Bruyette & Woods have a current rating of Outperform on the shares. The rating by the firm was issued on July 15, 2016.
J P Morgan Chase & Co (NYSE:JPM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.69 and $63.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.66, notching a gain of 1.59% for the day. The total traded volume was 13,100,881 . The stock had closed at $63.65 on the previous day.
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.