J P Morgan Chase & Co (JPM) : Zacks Investment Research ranks J P Morgan Chase & Co (JPM) as 4, which is a Sell 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 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 21 research analysts is 2, which indicates as a Buy.
J P Morgan Chase & Co (JPM) has been rated by 17 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 $68.18 and the expected standard deviation is $7.68.
Also, Equity Analysts at the Macquarie downgrades the rating on J P Morgan Chase & Co (NYSE:JPM). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on September 9, 2016.
J P Morgan Chase & Co (NYSE:JPM): After opening at $66.29, the stock dipped to an intraday low of $66.09 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $66.93 and the buying power remained strong till the end. The stock closed at $66.64 for the day, a gain of 0.36% for the day session. The total traded volume was 12,639,749. The stocks close on the previous trading day was $66.4.
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.