Morgan Stanley Reaffirms Their Buy Rating on JP Morgan Chase (JPM)

Morgan Stanley analyst Betsy Graseck maintained a Buy rating on JP Morgan Chase (JPMResearch Report) today and set a price target of $130. The company’s shares opened today at $110.92.

According to TipRanks.com, Graseck is a 4-star analyst with an average return of 8.2% and a 60.7% success rate. Graseck covers the Financial sector, focusing on stocks such as Discover Financial Services, Regions Financial, and State Street Corp.

Currently, the analyst consensus on JP Morgan Chase is a Moderate Buy with an average price target of $118.33, which is a 6.7% upside from current levels. In a report released today, Merrill Lynch also maintained a Buy rating on the stock with a $116 price target.

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JP Morgan Chase’s market cap is currently $364.3B and has a P/E ratio of 12.38. The company has a Price to Book ratio of 1.58.

Based on the recent corporate insider activity of 61 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.

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