JPMorgan Chase & Co. (NYSE:JPM) Trading Up 1.1% on Analyst Upgrade

JPMorgan Chase & Co. (NYSE:JPM)’s stock price traded up 1.1% on Wednesday after Wells Fargo & Company raised their price target on the stock from $360.00 to $375.00. Wells Fargo & Company currently has an overweight rating on the stock. JPMorgan Chase & Co. traded as high as $351.24 and last traded at $346.7680. 10,728,179 shares were traded during mid-day trading, an increase of 5% from the average session volume of 10,171,210 shares. The stock had previously closed at $342.89.

JPM has been the subject of a number of other reports. Evercore reaffirmed an “outperform” rating and set a $360.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Royal Bank Of Canada lifted their target price on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an “outperform” rating in a research report on Wednesday. DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, April 15th. Jefferies Financial Group set a $350.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $418.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday. Fifteen research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $354.42.

Insiders Place Their Bets

In other news, COO Jennifer Piepszak sold 4,919 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total value of $1,522,036.98. Following the completion of the sale, the chief operating officer directly owned 85,082 shares of the company’s stock, valued at $26,326,072.44. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the sale, the general counsel owned 40,961 shares of the company’s stock, valued at approximately $13,547,031.53. This represents a 11.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 18,876 shares of company stock worth $5,907,051. 0.41% of the stock is currently owned by company insiders.

More JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan posted blowout Q2 results, including record profit and revenue, driven by strong trading and investment banking activity. Reuters: JPMorgan profit rises on dealmaking, stock trading windfall
• Positive Sentiment: Analysts raised price targets after the earnings beat, citing above-average profitability and improved outlook for the bank’s earnings power. Benzinga: Analysts Raise Forecasts On JPMorgan Following Better-Than-Expected Q2 Earnings
• Positive Sentiment: Management raised its 2026 net interest income outlook, suggesting stronger core banking profitability ahead. Yahoo Finance: JPM Q2 Earnings Call Flags Strong Markets, Higher NII View
• Positive Sentiment: JPMorgan is approaching a potential $1 trillion market value milestone, which is boosting investor confidence in the franchise and CEO Jamie Dimon’s leadership. Reuters: Dimon-led JPMorgan poised to become world’s first $1 trillion bank
• Neutral Sentiment: JPMorgan also announced a $24 million effort tied to U.S. shipbuilding and defense supply chains, part of its broader industrial financing push. CNBC: Arsenal of democracy: Jamie Dimon announces $24 million effort to boost American shipbuilding
• Negative Sentiment: Some headlines noted that expenses are expected to rise, which tempered enthusiasm in parts of the market despite the strong beat. Zacks: JPM Q2 Earnings Beat on Trading & IB, Higher Cost Outlook Drags Stock

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of institutional investors have recently modified their holdings of the stock. First Community Trust NA grew its holdings in shares of JPMorgan Chase & Co. by 2.1% during the 2nd quarter. First Community Trust NA now owns 3,816 shares of the financial services provider’s stock valued at $1,249,000 after acquiring an additional 77 shares in the last quarter. Ballast Inc. raised its holdings in shares of JPMorgan Chase & Co. by 12.3% during the second quarter. Ballast Inc. now owns 15,817 shares of the financial services provider’s stock worth $5,177,000 after acquiring an additional 1,731 shares in the last quarter. Lee Kelleher & Klein Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $201,000. Regent Peak Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 3.2% during the second quarter. Regent Peak Wealth Advisors LLC now owns 7,828 shares of the financial services provider’s stock valued at $2,562,000 after purchasing an additional 245 shares during the last quarter. Finally, Bank & Trust Co boosted its position in JPMorgan Chase & Co. by 2.4% during the second quarter. Bank & Trust Co now owns 3,438 shares of the financial services provider’s stock valued at $1,125,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.1%

The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86. The business has a 50 day simple moving average of $316.95 and a 200 day simple moving average of $309.86. The stock has a market cap of $929.17 billion, a PE ratio of 16.61, a P/E/G ratio of 1.53 and a beta of 0.99.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, topping analysts’ consensus estimates of $5.50 by $0.44. The company had revenue of $50.54 billion during the quarter, compared to the consensus estimate of $48.30 billion. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the business earned $5.07 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 22.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.74%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.