Credit Suisse analyst Susan Roth Katzke maintained a Buy rating on JPMorgan Chase & Co. (JPM) yesterday and set a price target of $122.00. The company’s shares closed last Wednesday at $97.42.
According to TipRanks.com, Katzke is a 5-star analyst with an average return of 13.3% and a 68.9% success rate. Katzke covers the Financial sector, focusing on stocks such as First Republic Bank, Goldman Sachs Group, and Regions Financial.
JPMorgan Chase & Co. has an analyst consensus of Moderate Buy, with a price target consensus of $109.06, which is a 13.8% upside from current levels. In a report issued on July 22, Atlantic Equities also upgraded the stock to Buy with a $120.00 price target.
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JPMorgan Chase & Co.’s market cap is currently $291.2B and has a P/E ratio of 12.90. The company has a Price to Book ratio of 1.59.
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JPMorgan Chase & Co. is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research. It operates through the following segments: Consumer and Community Banking, Corporate and Investment Bank, Commercial Banking and Asset and Wealth Management. The Consumer and Community Banking segment serves consumers and businesses through personal service at bank branches and through automated teller machine, online, mobile, and telephone banking. The Corporate and Investment Bank segment offers a suite of investment banking, market-making, prime brokerage, and treasury and securities products and services to a global client base of corporations, investors, financial institutions, government and municipal entities. The Commercial Banking segment delivers services to U.S. and its multinational clients, including corporations, municipalities, financial institutions, and non profit entities. It also provides financing to real estate investors and owners as well as financial solutions, including lending, treasury services, investment banking, and asset management. The Asset and Wealth Management segment provides asset and wealth management services. The company was founded in 1968 and is headquartered in New York, NY.
