Jefferies Financial Group Issues Pessimistic Forecast for JPMorgan Chase & Co. (NYSE:JPM) Stock Price

JPMorgan Chase & Co. (NYSE:JPM) had its price target cut by Jefferies Financial Group from $370.00 to $365.00 in a report released on Thursday. The brokerage presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price target points to a potential upside of 8.19% from the company’s previous close.

A number of other brokerages have also issued reports on JPM. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Weiss Ratings raised shares of JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research note on Wednesday, July 22nd. Finally, Truist Financial increased their target price on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $360.58.

JPMorgan Chase & Co. Trading Down 0.8%

Shares of NYSE JPM opened at $337.36 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $896.76 billion, a PE ratio of 14.45, a PEG ratio of 1.40 and a beta of 0.98. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $366.50. The stock has a fifty day simple moving average of $353.83 and a 200-day simple moving average of $325.00.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. During the same quarter in the prior year, the company earned $4.96 EPS. JPMorgan Chase & Co.’s revenue was up 27.7% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post 24.3 earnings per share for the current year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the sale, the insider directly owned 71,047 shares of the company’s stock, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JPM. QRG Capital Management Inc. lifted its stake in JPMorgan Chase & Co. by 8.4% in the second quarter. QRG Capital Management Inc. now owns 517,473 shares of the financial services provider’s stock valued at $169,384,000 after buying an additional 39,973 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in JPMorgan Chase & Co. by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 7,273,067 shares of the financial services provider’s stock valued at $2,380,687,000 after purchasing an additional 82,689 shares during the period. State Street Corp raised its holdings in shares of JPMorgan Chase & Co. by 0.8% in the second quarter. State Street Corp now owns 125,209,293 shares of the financial services provider’s stock valued at $40,984,758,000 after buying an additional 932,632 shares during the last quarter. Premier Financial Group purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $355,000. Finally, Security National Bank of Sioux City Iowa IA increased its position in JPMorgan Chase & Co. by 27.4% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 8,952 shares of the financial services provider’s stock valued at $2,930,000 after acquiring an additional 1,928 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. News Roundup

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

• Positive Sentiment: Long-term asset-management growth: JPMorgan Asset Management agreed to oversee a $20 billion, multi-market investment partnership with Qatar Investment Authority spanning public equities and private credit. The mandate could provide recurring fee revenue and strengthen JPM’s global asset-management franchise. JPMorgan Chase Lands $20 Billion Mandate
• Positive Sentiment: Expansion in India and payments: JPMorgan plans to double its GIFT City business and is expanding liquidity, payments and cross-border payout capabilities. These initiatives could increase international transaction revenue as India’s role in global commerce grows. JPMorgan’s India Expansion Plan
• Neutral Sentiment: Research visibility remains high: JPMorgan analysts highlighted Meta’s Muse AI agent as a potential major consumer application and strongly recommended a separate uranium stock after its sell-off. These reports reinforce JPMorgan’s investment-banking and research profile but have little direct effect on JPM’s earnings today.
• Negative Sentiment: Broad bank-sector selling: JPM shares have been pressured by a market rotation into technology and AI stocks, with major banks declining even as the Nasdaq approached records. This appears to be a valuation and positioning headwind rather than a company-specific earnings deterioration. JPMorgan Stock Slips as Traders Shift to Tech Sector
• Negative Sentiment: Credit and macroeconomic concerns: U.S. card delinquencies and net charge-offs rose sequentially in August, raising concerns about consumer-credit quality. Separately, geopolitical uncertainty has made oil, inflation and interest-rate forecasting more difficult, factors that can increase volatility for large banks. U.S. Card Issuers Delinquencies and Net Charge-Offs Rise

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.