JP Morgan Chase Receives a Buy from Credit SuisseBy Carrie Williams
Credit Suisse analyst Susan Roth Katzke reiterated a Buy rating on JP Morgan Chase (NYSE: JPM) yesterday and set a price target of $78. The company’s shares opened today at $68.86, close to its 52-week high of $69.78.
According to TipRanks.com, Katzke is a 4-star analyst with an average return of 6.5% and a 64.4% success rate. Katzke covers the Financial sector, focusing on stocks such as Goldman Sachs Grp., Bank of America, and Morgan Stanley.
JP Morgan Chase has an analyst consensus of Moderate Buy, with a price target consensus of $72.30.
Based on JP Morgan Chase’s latest earnings report from June 30, the company posted quarterly revenue of $26.85B and quarterly net profit of $6.2B. In comparison, last year the company earned revenue of $24.6B and had a net profit of $6.8B.
Based on the recent corporate insider activity of 88 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. Most recently, in January 2014, Linda Bammann, a Director at JPM sold 17,500 shares for a total of $875,000.