RBC Capital Thinks JPMorgan Chase & Co.’s Stock is Going to Recover

In a report released today, Gerard Cassidy from RBC Capital maintained a Buy rating on JPMorgan Chase & Co. (JPMResearch Report), with a price target of $175.00. The company’s shares closed last Wednesday at $127.87, close to its 52-week low of $127.27.

According to, Cassidy is a top 25 analyst with an average return of 26.3% and a 73.0% success rate. Cassidy covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, Goldman Sachs Group, and Citizens Financial.

Currently, the analyst consensus on JPMorgan Chase & Co. is a Moderate Buy with an average price target of $171.19, which is a 34.9% upside from current levels. In a report issued on April 5, Piper Sandler also maintained a Buy rating on the stock with a $165.00 price target.

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JPMorgan Chase & Co.’s market cap is currently $388.4B and has a P/E ratio of 8.57.

Based on the recent corporate insider activity of 220 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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