J P Morgan Chase & Co (JPM) Receives Price Target

J P Morgan Chase & Co (JPM) stock is expected to deviate a maximum of $7.9 from the average target price of $68.13 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $79 and the most muted being $50.

J P Morgan Chase & Co (JPM) has an average broker rating of 1.95, which is interpreted as a Buy, as rated by 20 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, In a research note released to the investors, Bernstein downgrades its rating on J P Morgan Chase & Co (NYSE:JPM).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 16, 2016.

J P Morgan Chase & Co (NYSE:JPM): The stock opened at $67.64 on Thursday but the bulls could not build on the opening and the stock topped out at $67.72 for the day. The stock traded down to $66.65 during the day, due to lack of any buying support eventually closed down at $67.21 with a loss of -0.43% for the day. The stock had closed at $67.50 on the previous day. The total traded volume was 12,226,517 shares.

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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