J P Morgan Chase & Co (JPM) has an average broker rating of 1.74, which is interpreted as a Buy, as rated by 19 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
J P Morgan Chase & Co (JPM) : 15 Wall Street analysts covering J P Morgan Chase & Co (JPM) believe that the average level the stock could reach for the short term is $70.2. The maximum price target given is $79 and the minimum target for short term is around $50, hence the standard deviation is calculated at $7.26.
J P Morgan Chase & Co (NYSE:JPM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.01 and $58.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $60.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $60.19, notching a gain of 1.07% for the day. The total traded volume was 20,429,800 . The stock had closed at $59.55 on the previous day.
Also, Keefe Bruyette & Woods maintains its rating on J P Morgan Chase & Co (NYSE:JPM). The global brokerage major raises the current price target from $72 per share to $73 per share. Analysts at the Keefe Bruyette & Woods have a current rating of Outperform on the shares. The rating by the firm was issued on May 16, 2016. The company shares have dropped -8.99% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $70.61 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $63.15 and the 200 Day Moving Average price is recorded at $60.82.
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 Chases activities are organized into four business segments. The Companys 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.