In a report released yesterday, Chris Kotowski from Oppenheimer maintained a Hold rating on JP Morgan Chase (JPM). The company’s shares closed yesterday at $105.29.
Kotowski said:
“Within the context that JPM is undoubtedly and well deservedly the most admired financial services company there is, this year’s investor day was a relatively restrained affair. It is not that anything is wrong—credit remains outstanding, market share indicators almost all heading in a positive direction and profitability and capital ratios ample enough to fund continued large capital returns to investors in addition to ongoing investment in the business. That said, this time last year there was a significant tailwind from corporate tax cuts and rising rates. While the 2018 rate hikes will have ongoing benefit in 2019, the tax tailwind has been lapped, and the December market bruhaha is driving a “down high teens” trading result in 1Q19.”
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 11.2% and a 64.1% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Oaktree Capital Group Llc, and Solar Senior Capital Ltd.
JP Morgan Chase has an analyst consensus of Moderate Buy, with a price target consensus of $118.61.
See today’s analyst top recommended stocks >>
The company has a one-year high of $119.24 and a one-year low of $91.11. Currently, JP Morgan Chase has an average volume of 16.34M.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JPM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
