Market News

JP Morgan (NYSE: JPM) Likely to Hire More Engineers

JP Morgan Chase (NYSE: JPM) plans to hire around 2,000 engineers globally by the end of this year even as the economy worsens, according to a Reuters report that cited JPM’s global CIO, Lori Beer.

According to the report, JP Morgan added around 5,000 software developers and data scientists in 2021. The report stated that tech workers currently make up approximately 20% of JPM’s 278,000 employees.

Is JPM a Buy?

Analysts are cautiously optimistic about the stock with a Moderate Buy consensus rating based on 10 Buys, six Holds, and one Sell.

The average price target for JPM stock is $137.76 with an upside potential of 29.5% at current levels.

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More