Analysts’ Opinions Are Mixed on These Financial Stocks: JP Morgan Chase (NYSE: JPM) and Arch Capital Group Ltd (NASDAQ: ACGL)

By Carrie Williams

Analysts have been eager to weigh in on the Financial sector with new ratings on JP Morgan Chase (NYSE: JPM) and Arch Capital Group Ltd (NASDAQ: ACGL).

JP Morgan Chase (NYSE: JPM)

BMO Capital analyst James Fotheringham reiterated a Hold rating on JP Morgan Chase (NYSE: JPM) yesterday and set a price target of $79. The company’s shares closed yesterday at $90.62, close to its 52-week high of $91.34.

According to TipRanks.com, Fotheringham is a top 100 analyst with an average return of 19.1% and a 89.5% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Discover Financial Services, Goldman Sachs Group Inc, and Apollo Investment Corp.

Currently, the analyst consensus on JP Morgan Chase is Moderate Buy and the average price target is $91.50, representing a 1.0% upside.

In a report released yesterday, Oppenheimer also reiterated a Hold rating on the stock.
Arch Capital Group Ltd (NASDAQ: ACGL)

In a report released yesterday, Charles Sebaski from BMO Capital reiterated a Buy rating on Arch Capital Group Ltd (NASDAQ: ACGL), with a price target of $102. The company’s shares closed yesterday at $94.57, close to its 52-week high of $94.85.

According to TipRanks.com, Sebaski is a 4-star analyst with an average return of 8.1% and a 80.3% success rate. Sebaski covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Arthur J Gallagher & Co.

Currently, the analyst consensus on Arch Capital Group Ltd is Strong Buy and the average price target is $94.67, representing a 0.1% upside.

In a report issued on February 14, Credit Suisse also maintained a Buy rating on the stock with a $98 price target.

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