J P Morgan Chase & Co (JPM) : Zacks Investment Research ranks J P Morgan Chase & Co (JPM) as 3, which is a Hold recommendation. 12 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 1.89, which indicates as a Buy.
J P Morgan Chase & Co (JPM) : The highest short term price target forecast on J P Morgan Chase & Co (JPM) is $79 and the lowest target price is $50. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $68.2 with a standard deviation of $8.17.
For the current week, the company shares have a recommendation consensus of Buy. 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 $65.27 and $65.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.46, notching a gain of 0.28% for the day. The total traded volume was 9,604,549 . The stock had closed at $65.28 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Zames Matthew E, officer (Chief Operating Officer) of Jpmorgan Chase & Co, had unloaded 3,991 shares at an average price of $63.91 in a transaction dated on July 15, 2016. The total value of the transaction was worth $255,065.
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.