Analysts Offer Insights on Financial Companies: First Republic Bank (NYSE: FRC) and JPMorgan Chase & Co. (NYSE: JPM)

Analysts have been eager to weigh in on the Financial sector with new ratings on First Republic Bank (FRCResearch Report) and JPMorgan Chase & Co. (JPMResearch Report).

First Republic Bank (FRC)

In a report released today, Jon Arfstrom from RBC Capital maintained a Hold rating on First Republic Bank, with a price target of $212.00. The company’s shares closed last Wednesday at $204.85, close to its 52-week high of $207.67.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 29.9% and a 67.2% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and Texas Capital Bancshares.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Republic Bank with a $221.40 average price target, implying a 10.7% upside from current levels. In a report issued on October 11, Jefferies also maintained a Hold rating on the stock with a $208.00 price target.

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JPMorgan Chase & Co. (JPM)

In a report released today, Gerard Cassidy from RBC Capital maintained a Buy rating on JPMorgan Chase & Co., with a price target of $175.00. The company’s shares closed last Wednesday at $161.00, close to its 52-week high of $171.51.

According to TipRanks.com, Cassidy is a top 25 analyst with an average return of 32.7% and a 83.6% success rate. Cassidy covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, Citizens Financial, and Regions Financial.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JPMorgan Chase & Co. with a $178.13 average price target, an 8.6% upside from current levels. In a report issued on October 4, Wells Fargo also maintained a Buy rating on the stock with a $200.00 price target.

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