CLSA Maintains JPMorgan Chase & Co. to Buy with Price Target $79.00

Brokerage firm CLSA Maintains its rating on JPMorgan Chase & Co.(NYSE:JPM). In a research note issued to the investors, the brokerage major Raises the price-target to $79.00 per share. The shares have been rated Buy. The rating by CLSA was issued on Sep 23, 2016.

In a different note, On Sep 9, 2016, Macquarie said it Downgrades its rating on JPMorgan Chase & Co.. The shares have been rated ‘Neutral’ by the firm. On Sep 7, 2016, Nomura said it Maintains its rating on JPMorgan Chase & Co.. In the research note, the firm Lowers the price-target to $66.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 16, 2016, Bernstein said it Downgrades its rating on JPMorgan Chase & Co.. The shares have been rated ‘Market Perform’ by the firm. On Aug 8, 2016, Citigroup said it Downgrades its rating on JPMorgan Chase & Co.. The shares have been rated ‘Neutral’ by the firm. On Jul 15, 2016, Keefe Bruyette & Woods said it Maintains its rating on JPMorgan Chase & Co.. In the research note, the firm Raises the price-target to $71.00 per share. The shares have been rated ‘Outperform’ by the firm. Berenberg said it Initiates Coverage on JPMorgan Chase & Co., according to a research note issued on Jul 13, 2016. The shares have been rated ‘Sell’ by the firm.

JPMorgan Chase & Co. (JPM) made into the market gainers list on Tuesdays trading session with the shares advancing 0.88% or 0.58 points. Due to strong positive momentum, the stock ended at $66.36, which is also near the day’s high of $66.405. The stock began the session at $65.41 and the volume stood at 1,37,11,386 shares. The 52-week high of the shares is $69.03 and the 52 week low is $52.5. The company has a current market capitalization of $239,691 M and it has 3,61,19,82,400 shares in outstanding.

JPMorgan Chase & Co. has also declared a cash dividend of $0.4800 on Sep 20, 2016. The shares will quote ex-dividend on Oct 4, 2016 and the record date has been fixed on Oct 6, 2016. The dividend payable date has been fixed on Oct 31, 2016.

JPMorgan Chase & Co.(JPM) last announced its earnings results on Jul 14, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $25.21B. Analysts had an estimated revenue of $24.11B. Earnings per share were $1.55. Analysts had estimated an EPS of $1.44.

Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, Matthew E Zames (Chief Operating Officer) sold 3,991 shares at $63.91 per share price.Also, On Jul 18, 2016, Gordon Smith (Executive Vice President) sold 23,735 shares at $64.05 per share price.On Jul 18, 2016, Ashley Bacon (Chief Risk Officer) sold 15,521 shares at $63.97 per share price, according to the Form-4 filing with the securities and exchange commission.

JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking financial services for consumers and small businesses commercial banking financial transaction processing and asset management. JPMorgan Chase’s activities are organized into four business segments. The Company’s Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs online mobile and telephone banking. The Corporate & Investment Bank comprising Banking and Markets & Investor Services offers investment banking market-making prime brokerage and treasury and securities products and services. The Commercial Banking (CB) segment delivers industry knowledge local expertise and service to the United States and the United States multinational clients. The Asset Management segment comprises investment and wealth management. The Company also operates a Corporate segment.

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