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Goldman Sachs Believes JPMorgan Chase & Co. (JPM) Still Has Room to Grow

In a report issued on October 13, Richard Ramsden from Goldman Sachs maintained a Buy rating on JPMorgan Chase & Co. (JPMResearch Report), with a price target of $198.00. The company’s shares closed last Wednesday at $170.84, close to its 52-week high of $171.51.

According to, Ramsden is a 4-star analyst with an average return of 8.3% and a 65.1% success rate. Ramsden covers the Financial sector, focusing on stocks such as Perella Weinberg Partners, Ryan Specialty Group, and Bank of America.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JPMorgan Chase & Co. with a $171.33 average price target, a 1.8% upside from current levels. In a report issued on October 4, Wells Fargo also maintained a Buy rating on the stock with a $200.00 price target.

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JPMorgan Chase & Co.’s market cap is currently $504.9B and has a P/E ratio of 10.70. The company has a Price to Book ratio of 2.51.

Based on the recent corporate insider activity of 266 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JPM in relation to earlier this year.

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JPMorgan Chase & Co. provides financial and investment banking services. It operates through the major segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset & Wealth Management. The company was founded in 1968 and is headquartered in New York, NY.

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