JPMorgan Chase & Co. (NYSE:JPM) Cut to Market Perform at Oppenheimer

JPMorgan Chase & Co. (NYSE:JPM) was downgraded by Oppenheimer from an "outperform" rating to a "market perform" rating in a research note issued to investors on Wednesday, MarketBeat reports.

JPM has been the subject of a number of other research reports. Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Evercore ISI upped their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Finally, Morgan Stanley downgraded JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and upped their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $229.31.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded down $2.31 during trading on Wednesday, reaching $240.78. The company's stock had a trading volume of 9,013,338 shares, compared to its average volume of 9,100,160. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 12-month low of $152.57 and a 12-month high of $248.00. The company has a market capitalization of $677.88 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 3.56 and a beta of 1.10. The business has a 50 day moving average price of $220.81 and a 200-day moving average price of $210.92.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion during the quarter, compared to analysts' expectations of $41.43 billion. During the same period in the previous year, the firm posted $4.33 earnings per share. JPMorgan Chase & Co.'s revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

Institutional Trading of JPMorgan Chase & Co.

A number of hedge funds have recently modified their holdings of JPM. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $1,888,088,000. Fisher Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 31.7% during the third quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider's stock worth $3,539,132,000 after acquiring an additional 4,043,841 shares in the last quarter. Swedbank AB purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $800,130,000. Capital Research Global Investors raised its holdings in JPMorgan Chase & Co. by 23.3% during the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider's stock valued at $3,445,185,000 after buying an additional 3,252,451 shares in the last quarter. Finally, Wulff Hansen & CO. raised its holdings in JPMorgan Chase & Co. by 19,920.7% during the second quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider's stock valued at $566,632,000 after buying an additional 2,787,510 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.