In a report released yesterday, Ken Usdin from Jefferies maintained a Buy rating on JPMorgan Chase & Co. (JPM – Research Report), with a price target of $177.00. The company’s shares closed last Thursday at $158.09, close to its 52-week high of $167.44.
According to TipRanks.com, Usdin is a top 100 analyst with an average return of 23.4% and a 78.2% success rate. Usdin covers the Financial sector, focusing on stocks such as Huntington Bancshares, Svb Financial Group, and Fifth Third Bancorp.
Currently, the analyst consensus on JPMorgan Chase & Co. is a Moderate Buy with an average price target of $170.27.
Based on JPMorgan Chase & Co.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $30.48 billion and net profit of $11.95 billion. In comparison, last year the company earned revenue of $33.08 billion and had a net profit of $4.69 billion.
Based on the recent corporate insider activity of 241 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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