BMO Capital Sticks to Its Hold Rating for JP Morgan Chase

By Ryan Adsit

BMO Capital analyst James Fotheringham reiterated a Hold rating on JP Morgan Chase (NYSE: JPM) yesterday and set a price target of $110. The company’s shares closed yesterday at $110.30.

According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 16.5% and a 81.7% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Oaktree Specialty Lending Corporation, Discover Financial Services, and Goldman Sachs Group Inc.

Currently, the analyst consensus on JP Morgan Chase is Moderate Buy and the average price target is $125.70, representing a 14.0% upside.

In a report issued on April 11, HSBC also initiated coverage with a Hold rating on the stock with a $111 price target.

JP Morgan Chase’s market cap is currently $388.3B and has a P/E ratio of 17.98. The company has a book value ratio of 1.6911.

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